What does the company do?
Singapore-listed holding company with a sole focus of operating businesses in Myanmar in four key sectors, namely Real Estate, Consumer, Automotive & Heavy Equipment and Financial Services.
Why do we like the investment?
Yoma is in the highly advantageous position of being one of the few reputable, privately-owned companies in Myanmar with the capacity to partner with multinationals looking to do business in the country as the economy gradually opens up following years of military rule. This has allowed management to pursue a range of opportunities outside of their core property business including the exclusive right to operate KFC outlets in the country, distribute commercial vehicles for the likes of VW and Mitsubishi and become a strategic partner in a leading mobile payments business called Wave. Whilst it is still early days for several of the Group’s non-property businesses, we are excited about the company’s long-term growth potential and will be engaging closely with management on how best to manage this growth with financial discipline.
In which year did we first invest?
Where is their head office?
Singapore & Yangon, Myanmar
What is their website?
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Investors should review the relevant Key Information Document (KID) brochure prior to making an investment decision.
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