Brokers' take

Yoma Strategic Holdings | Buy Target price: S$0.78 March 28 close: S$0.62 RHB Research, March 28

Yoma offers investors the best proxy to invest in Myanmar with a strong and diversified business model. Recent quarterly results have been a mixed bag reflecting a sluggish real estate market caused by uncertainty over new regulations governing foreign buying. However, we see these as hiccups in a long structural uptrend driven by urbanisation, foreign direct investments and financial sector liberalisation. Notably, Yoma has scaled up its consumer and automotive businesses well.

Yangzijiang Shipbuilding (Holdings) | Hold Target price: S$0.96 March 28 close: S$1.13 OCBC Investment Research, March 28