Yoma

Yoma: almost reverting back to its recent high at $1. CEO Andrew Rickards tells Bloomberg the company plans to announce more large-scale housing projects in Myanmar. The group also intends to expand to hotels and commercial properties. This gels with the group's previous guidance for the iconic Landmark deal (redevt of the former Burma Railway Company Building into a luxury mixed hotel, commercial and residential devt) to be given the green light by authorities in Jun. Recall, Yoma's proposed 1-for-4 rights issue @ $0.38 will only proceed upon completion of the Landmark deal.