Yoma

Yoma: Maybank Kim Eng notes, Yoma is "living up to the hype" after reporting strong FY12 earnings of $6.0m last week, up from FY11's $2.8m. Notes FY12 cash generated from operations improved significantly to $19m, pushing cash balances to a plump $20m from $2.5m a year earlier. The co is benefiting from heightened interest in Myanmar real estate, with Yoma's cash putting it in a strong position for future expansion plans. Adds, the U.S. suspending sanctions and an overhaul of the complex currency system will simplify investing in Myanmar, potentially benefiting Yoma's key real-estate segment. Says, although the share price has undergone a sharp sell-off of late, few other companies can claim to have such a focused exposure to the emerging market of Myanmar and its potential in real estate market growth. The stock is up 17.1% at $0.445, accounting for nearly 5% of shares traded.