Friday, February 17, 2017
Yoma Strategic Holdings reports 3Q2017 earnings
Revenue across the Group’s core businesses grew for the quarter
Gross Profit margins improved from 34.3% in 3Q2016 to 42.8% in 3Q2017
Impact of currency translation losses on Net profit for the quarter
Y-o-Y net profit reduced compared to 3Q2016 where the initial fair value gain of S$27.7 million was recorded for the telecommunications towers investment
Business performance is reaffirmed by New Holland tractor business winning a large tractor order and KFC hitting its 12 store target by March 2017
Steady as she goes. The economy in Myanmar is projected to average 7% annual growth over the next several years. Yoma casts its net wide so it will benefit as the Myanmar economy grows over time.
The company has a predominant real estate bent as of now but over time the other sectors of the company should become a bigger contributor to sales and earnings. This one is a set and forget come back and check in ten years. The stock is up 35% since I added it to my portfolio.