Brokers' take

Yoma Strategic Holdings | Buy Target price: S$0.75 March 7 close: S$0.425 DBS Group Research, March 7

There is a proposed acquisition of a 34 per cent stake in Digital Wave Money Myanmar Co Ltd (Wave Money) from First Myanmar Investment Company Limited (FMI).

Wave Money is in the financial services sector to offer mobile payment solutions and services (remittance and e-wallet) in Myanmar. The company is the first licensed provider under Myanmar's Mobile Financial Services Regulation and is permitted for foreign investment.