Tuesday, March 11, 2014

************ Potential breakout on News: Yoma. Share price 0.72.

Offer at 0.725 cleared after email sent to clients………………………… Let’s see if the 0.73 sellers can be cleared out ?
Sent: Tuesday, March 11, 2014 9:38 AM
Subject: ************ Potential breakout on News: Yoma. Share price 0.72.
Yoma has been trading below the 0.725 resistance level for more than a month already. Seeing it test this critical level on TOP 20 volume today on series of announcements this morning. Has attempted to cross it a total of 6 times but to no avail. Monitor closely for this potential breakout, a break above 0.73 can see it head to 0.78 region first. Has just crossed above the 20 DAY MA few days back and still manage to stay above it. Let’s see if sellers at 0.725 and 0.73 get taken out.
Stop loss at 0.695
OCBC – 11 March 2014
Yoma Strategic Holdings: Seizing opportunities in Myanmar
Yoma Strategic Holdings (Yoma) made a series of announcements this morning. First, it reported a definitive shareholders agreement with Hongkong and Shanghai Hotels to redevelop the former Myanmar Railway Company headquarters on the Landmark site into The Peninsula Yangon hotel. We believe this is subject to the successful acquisition of the Landmark site, which currently has a deadline in end June 2014. Secondly, Yoma will take a 80% stake in developing two sites near FMI City in Hlaing Tharyar Township, Yangon into a development with 90 residential units and 19.9k sq ft of commercial leasing space. Thirdly, the company has entered into agreements with ED&F Man Holdings Ltd and PMM Partners Ltd, separately, to invest in coffee planting at the Maw Tin Estate in Ayeyarwaddy and supplying UHT dairy products in Mayanmar, respectively. Finally, Yoma also announced plans to develop educational facilities with Harrows International Management Services and Dulwich College International in Pun Hlaing Golf Estate and Star City, respectively. We will meet with management to discuss these developments later this morning and, in the meantime, maintain BUY with our fair value estimate of S$0.97 under review.

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