Yoma

Yoma: Made series of announcements; 1) Entered agreement with Hongkong and Shanghai Hotels to redevelop the former Myanmar Railway Company headquarters on the Landmark site into The Peninsula Yangon hotel, subjected to the successful acquisition of the site. The Landmark site currently has a deadline in end Jun 2014. 2) Group will take a 80% stake in developing two sites near FMI City in Hlaing Tharyar Township, Yangon into a development with 90 residential units and 19.9k sq ft of commercial leasing space. 3) Entered into agreements with ED&F Man Holdings Ltd and PMM Partners Ltd, separately, to invest in coffee planting at the Maw Tin Estate in Ayeyarwaddy and supplying UHT dairy products in Mayanmar, respectively. 4) Announced plans to develop educational facilities with Harrows International Management Services and Dulwich College International in Pun Hlaing Golf Estate and Star City, respectively. OCBC maintains BUY rating with $0.97 TP under review.