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Yoma Strategic
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YOMA
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vicloo
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27-Feb-2021 14:33
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Ok, lets short more monday. it goes 15c you maybe can make 16%.. prepare to short more
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uiop1223
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27-Feb-2021 14:27
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Wealthy hk biz people support CCP. Jimmy lai didnt and got arrested.
How can Myanmar be compared to hk? CCP got the backing of most rich pple in hk. The rich control the land, building, food... every part of hk. And CCP control the rich hk pple. You buy at 0.195 now is 0.18 which is 7.6% loss. When it falls to 0.15 it will be 23% loss. Prepare to average down.
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Entropy72
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27-Feb-2021 14:24
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FDI earmarked for Myanmar will now go to Vietnam or Cambodia. Opportunities lost due to selfish coup.
HANOI -- The military coup in Myanmar has forced investors who had earmarked capital for the country to look for nearby alternatives. Delta Capital, Anthem Asia and other funds that have solely focused on Myanmar are adopting a wait-and-see approach, and those with a wider geographic footprint are funneling money to destinations like Cambodia and Vietnam. Vietnam is especially frothy. "Once borders open up after the pandemic, and Asian investors return physically to Vietnam," said Field Pickering, head of venture investing at Vulpes Investment Management, which in 2016 launched the early-stage vehicle Seed Myanmar, "I believe it will be a feeding frenzy and you will see deal activity erupt, pushing Vietnam to the top of the list of emerging markets attracting foreign investment." In the past five years, the Cambodia-Laos-Myanmar-Vietnam subregion has clocked annual gross domestic product of around 6%, much higher than elsewhere in Southeast Asia. Investors have sought to make the most of this. According to the Association of Southeast Asian Nations, foreign direct investment flows into the CLMV subregion grew 6.3% in 2019. While Vietnam was No. 1 in terms of value at $16.1 billion, it was Myanmar that registered the highest growth, 55.9%. The military's seizure of power on Feb. 1, though, has most likely halted much of this flow. "Investor money that might have gone into Myanmar will not be going there," Dave Richards, managing partner of impact investor Capria Ventures, told DealStreetAsia. "The countries around the region will benefit." DealStreetAsia reported last February that the U.S. company would invest up to $8 million in selected countries, with a focus on Myanmar and Nepal. "Capria's efforts will focus on supporting local fund managers in Myanmar to strengthen their business, accelerate growth and build world-class investing operations," the company said, adding that it would back two to three general partners from Myanmar to join its global network of 22 managers. Many of those plans are now on pause, and Capria is set to make its first investment in Vietnam this year while also looking for opportunities in Cambodia, Bangladesh and Nepal. Meanwhile, many businesses have terminated Myanmar partnerships that involve companies with ties to the military. Japanese brewer Kirin Holdings, for instance, severed ties with Myanmar Economic Holdings Ltd. (MEHL), which provides welfare fund management services to the military. Lim Kaling, co-founder of Singapore-based gaming company Razer, recently announced that he is divesting his stake in a venture which indirectly owns an interest in the MEHL-linked Virginia Tobacco Company. "The present coup suggests that, for the sake of wresting domestic control, the Tatmadaw [Myanmar's military] is ready to give up the diplomatic, trade, and investment gains of the last decade," said Romain Caillaud, a principal of the Tokyo-based advisory SIPA Partners. Many Myanmar-focused investors might now cast wider nets. "I expect a lot of investors that leave Myanmar to shift from a Myanmar-only strategy to a regional strategy," said Andrew Durke, COO of Obor Capital. The Cambodian VC last year had plans to invest $13 million in CLMV startups, DealStreetAsia reported. Myanmar entrepreneurs, meanwhile, might get up and move to other countries, then build and grow companies from elsewhere in the region. "It would be Myanmar's loss and Southeast Asia's gain," Pickering said. Like Pickering, Obor Capital's Durke is also high on Vietnam. "For investors with set investment mandates in Southeast Asia and purely looking for financial returns," he said, "Vietnam remains a strong option for the same reasons that made it attractive in the past five to 10 years." In addition, if demand for infrastructure projects in countries like Cambodia and Laos present opportunities for private equity, Vietnam would also stand out thanks to its talent pool and the ecosystem that venture capital needs to support innovation at scale, according to Capria's Richards. The Dutch development bank FMO says Vietnam has already built a business ecosystem that can facilitate investments from companies moving part of their supply chain out of China. "A business-friendly government policy will help convince foreign investors to increase the capital allocated to this region," an FMO representative told DealStreetAsia. Although Vietnam has more competition for deals, fund managers believe a healthy "next investor" dynamic exists -- "something that never arrived in Myanmar," Pickering said. More competition means more deal flow and a larger market with more exit options. All of these factors have made Vietnam the "track record" of the CLMV region, Durke said. Phnom Penh-based Obor Capital, which has invested in five Cambodian businesses and one Vietnamese company with ops in Vietnam and Laos, is betting on Cambodia as a preferred investment destination. Durke expects Cambodia to write a story similar to that of Vietnam. Cambodia can absorb more capital, especially for deals in the $500,000 to $3 million range, he said. "Examining the characteristics that make Myanmar attractive to investors, I think Cambodia is the most similar [to Myanmar]," he said. Most investments in Cambodia go into real estate and infrastructure investments in the consumer and tech sectors, meanwhile, have not kept pace with the nation's economic growth. Cambodia's economy has grown at rates above 7% since 2011, and the share of people living in poverty has more than halved in the last decade, according to the United Nations Development Program. It is targeting 2030 to become an upper-middle-income country and 2050 to become high income. Digital technology at 90% of Cambodian businesses remains at a basic level, the U.N. Development Program said in an August 2020 report. But the country's growing economy, with increasing FDI flows and a youthful population, could generate opportunities to exploit new technologies and allow the country to reach its national income goals. Pickering from Vulpes Investment Management, however, is skeptical because of Cambodia's small addressable market. Laos is even smaller, and it is "difficult to imagine homegrown companies there ever scaling to create venturelike returns," he said. However, as development finance institutions likely retreat from Myanmar, Cambodia is probably going to see more capital, according to Durke. "Frontier markets like Cambodia are still very new to private equity and venture capital, so investing here is investing in the future," Durke said. "And there is a big advantage of being the first mover in this market and getting attractive valuations." Emerging Markets Investment Advisers, which has sealed the majority of its deals in Cambodia, says it continues to see strong interest from existing and new limited partners, according to CEO Joshua Morris. The company is raising its third fund with a target of up to $120 million it expects its first close next quarter. The standard private equity and venture capital model is difficult to execute in frontier markets as it requires a more patient fund structure with hands-on solutions provided to portfolio companies. "If you hold a fire sale, instead of holding on and developing the firms for one to three more years," Durke said, "you might end up selling what could be very good companies. [In CLMV countries], it's a different type of risk, like finding enough good talent and understanding the legal framework." High upfront costs combined with relatively smaller market opportunities compared to larger ASEAN countries is the likely reason why there are fewer active venture capitalists in these frontier markets, Morris said. This explains why more development finance institutions, which have a higher risk appetite for the region, join as limited partners in CLMV funds, compared with other investors. These institutions also have knowledge and networks in these markets. "Our mandate," an FMO representative said, "is to stay in tune with the needs of the entrepreneurs we empower." |
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Entropy72
Master |
27-Feb-2021 13:57
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The scale of protest in Myanmar is far more extensive than HK. The HK Govt continued to function during the protests. But not in Myanmar.
HK is business as usual in the short term, but there are already structural weakening with long term ramifications for HK. Companies are already pulling out from HK and Chinese Govt are placing their emphasis on Shenzhen (high tech) and Hainan (seaport). For Myanmar, it is neither business as usual for short and mid term due to loss in investor confidence and international sanctions. In the longer term, Myanmar can still be a developed economy provided the political climate is stable.
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laksaman57
Supreme |
27-Feb-2021 13:28
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Activist taking action against ETC. News may soon spread fast and furious within Myanmar.
Yoma maybe their next target. Dyodd https://www.google.com/amp/s/www.businesstimes.com.sg/companies-markets/sgx-queries-emerging-towns-cities-over-myanmar-project%3famp "The Singapore Exchange (SGX) on Friday issued a list of queries to developer Emerging Towns & Cities (ETC) over its project in Myanmar after a rights group critisised the company for doing business with the military. ETC is among companies being called out by activists over ties to the Myamar military, which seized power from the elected government in a Feb 1 coup, sparking widespread protests in the country and international condemnation."
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vicloo
Supreme |
27-Feb-2021 12:54
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Still remember Hong Kong protests lasted entire 2019 whole 12 mths... did HK companies go bust?
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Entropy72
Master |
27-Feb-2021 11:47
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ETC requested trading halt.
Yoma Bank is under FMI, also owned by Serge Pun.
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laksaman57
Supreme |
27-Feb-2021 10:20
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https://www.justiceformyanmar.org/stories/singapore-stock-exchange-listed-real-estate-firm-contributes-millions-for-myanmar-army
"Myanmar?s Yoma Bank has a partnership with ETC and markets discounted loans for residential apartments in Golden City, priced from US$150,000-US$600,000 per unit. The partnership agreement was signed by Yoma?s chief performance officer Murray McDougall and ETC?s CEO Tan Thiam Hee on September 29, 2017, at the height of the Myanmar military?s campaign of genocide against the Rohingya." |
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Entropy72
Master |
27-Feb-2021 08:51
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If the Tatmadaw can exercise unprecedented restraint in not oppressing the protestors with violence, then this scenario of wearing out the protestors might work. It would be an awkward way back to relative peace, although prospects for the country (and Yoma) remain very much dimmed compared to pre-coup.
But if violence is used against protestors, then protests will swell and continue to destabilize the country. Another flare point is whether ASSK will be charged and disqualified from elections / appointment.
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TA_Expert
Supreme |
27-Feb-2021 02:26
Yells: "The World has changed" |
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Agree. That' s why it is about the price that you will be willing to pay. The demostration / strike / CDM cannot go on for months as the people need to make a living, and collect salaries and so forth. If the economy came to a standstill, it is the people who will be suffering as companies go burst and bankcrupt.
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Entropy72
Master |
26-Feb-2021 22:22
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Just consider carefully the cashflow situation for Yoma before you buy. The company has debt to service and salaries to pay. The entire nation, including civil service, is wondering whether salaries will be paid when people are not working and going on CDM / strike.
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TA_Expert
Supreme |
26-Feb-2021 21:46
Yells: "The World has changed" |
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Yes, it won' t be zero value. New investors will buy up the shares when it falls below $0.15 and lower.
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Entropy72
Master |
26-Feb-2021 20:27
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YANGON?The chairman of the military-appointed Union Election Commission (UEC), U Thein Soe, said the results of the 2020 general election, which brought a landslide victory to the National League for Democracy (NLD), were invalid.
The UEC met representatives of political parties in Naypyitaw on Friday in the first such meeting since Myanmar?s military staged a coup on Feb. 1. After the coup, the military formed a new commission to hold a new election, claiming that November?s vote was marred by fraud. ?The chairman of the new commission said the State Administrative Council [of the military regime] had taken control of the three branches of power, and confirmed that the results of the previous election are no longer valid,? said U Kaung Myint Htut, the president of the Myanmar National Congress Party, who was present at the meeting. So far, the UEC has not made any official announcement about the election result, however. At the meeting, the chairman repeatedly claimed that there were errors in the voter lists and that fraud had been committed in the November general election. U Kaung Myint Htut said some of the party representatives at the meeting asked what action would be taken against the NLD government for alleged vote rigging, according to some who attended. Some party leaders even urged the UEC chairman to take action against political parties, including the NLD, that boycotted the meeting. The UEC?s decision was condemned by not only NLD lawmakers ousted by the coup, but also members of other political parties. Daw Khine San Hlaing, an elected MP and an NLD executive member, told The Irrawaddy that the declaration that the election result was invalid was illegitimate, as it came from the regime. ?As long as people recognize us as their representatives, we will be elected MPs. People?s recognition is what?s most important,? she said. Gumgrawng Awng Hkam, the vice chairman of the Kachin State People?s Party (KSPP), said he did not accept the decision, as the SAC was acting inappropriately. The party sent one representative to attend the UEC meeting. Even though he himself lost his race for a seat to his NLD rival in the 2020 election, the vice chairman said that while there might have been the odd irregularity here and there, that did not amount to mass, nationwide electoral fraud. ?Political parties must take a firm stand that the previous election is legal. The NLD?s victory was real,? he said. Elected NLD lawmaker U Thein Tan said lawmakers elected in November have been recognized both domestically and internationally. ?We don?t accept any actions or words from the coup regime, as they would be unlawful.? Of the 91 registered political parties in Myanmar, 53 including the military proxy Union Solidarity and Development Party, attended Friday?s meeting. Thirty-eight parties did not attend. |
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uiop1223
Supreme |
26-Feb-2021 14:32
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Dont think its zero la.. even at peak of covid, the price was $0.155
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FlyingCat
Master |
26-Feb-2021 14:22
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Yoma die gg... so sad.... hold until zero hahahha | ||||
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uiop1223
Supreme |
26-Feb-2021 13:20
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Sanctions will not hurt dictators. North korea rocket man live better than most leaders in the world. Myanmar military leaders got more to lose if they give up power. The only time when dictators are afraid is when US military comes in like Iraq but we know this will never happen. | ||||
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Entropy72
Master |
26-Feb-2021 13:01
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Pls don't depend on Philip analyst TP. Overly optimistic and assumes everything will be fine after a while. Just like what the Tatmadaw wrongly assumed.
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Hector
Veteran |
26-Feb-2021 12:54
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analyst TP has dropped from 0.46 to 0.34 due to current military coup We will never know whether situation will turns around soon when the whole world is against this military coup/ It is good to buy low for mid to long term gain. |
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Entropy72
Master |
26-Feb-2021 12:28
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With the rejection of re-election by Myanmese and their insistence for the Tatmadaw to release ASSK, there is now a political stalemate. The CDM is disrupting the economy with many workers on strike and the port trickling to a halt ie. no imports and no exports. The ticking time bomb is when the Tatmadaw will use force to oppress the CDM. They are reluctant to do so for fear of tarnishing their internationl reputation but the Tatmadaw will not have infinite patience. Especially when trade, health and education services are all crumbling. ASEAN' s offer to mediate between the Tatmadaw and the coup protestors is the best hope. But if the two sides cannot compromise, the worst will happen and end in bloodshed. Yoma is a sad victim as its only market is Myanmar. Nobody would buy property, car, agriculture equipment or eat KFC in this climate. Not sure if Wave Money is still operating. |
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Entropy72
Master |
25-Feb-2021 19:35
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Wolves might have been let loose to encourage street violence and justify escalation of force on protestors
YANGON: Supporters and opponents of Myanmar's military clashed on the streets of Yangon on Thursday (Feb 25) as authorities blocked students from leaving their campus to march, a day after a first flurry of diplomacy aimed at resolving the crisis. |
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