Yoma: Stock has been surging, as Myanmar optimism generates interest. Fund managers note that YOMA Strategic Holdings is a unique and possibly undervalued proxy to recent optimism about Myanmar, and is one of the easiest ways to gain exposure to Myanmar.
In a filing yesterday, Yoma said it did not know of any information that could affect its share price. but noted that it has been receiving queries about its business in Myanmar following recent political and economic reforms in that country.
Recall that Yoma took in all of its $13.2m of revenue for 1H11 from its activities in Myanmar. The company is involved in at least four residential and one golf course projects in the country. Expectations of greater institutional participation may also have been raised after Yoma in Nov hired former banker Andrew Jonathan Rickards as chief executive, which analysts tip that he's probably going to do some marketing and attract more investment.
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