Yoma counters Myanmar's headwinds with diverse business, strong governance
MYANMAR'S mixed economic outlook and bloated property market weigh on Yoma Strategic Holdings in the short-to-medium term, but the company's strong governance and ability to execute a diversification strategy suggest that it will be a resilient investment despite the headwinds.
Yoma, a Myanmar-focused conglomerate with property, automotive, consumer and investment businesses, is reaching a key milestone. Its tourism arm, which includes the iconic Balloons over Bagan business, is on the verge of attaining a Catalist listing on the Singapore Exchange through a reverse takeover of SHC Capital Asia.
If the deal is completed as expected in December, Yoma will hold a 41.6 per cent …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access
China’s better economic growth hides reasons to worry
In AI-copyright battle, an existential crisis emerges
Europe shows diversifying from China’s economy is hard to do