Yoma: (S$0.545) Kyat outperformance instills investor confidence
- The Myanmar kyat (+11.8% ytd) has just recently trumped the Malaysian ringgit (+10.5%) in USD terms as this year’s best performing Asian currency.
- Among SGX-listed stocks, Yoma offers the purest exposure to Myanmar.
- Yoma is currently trading at 68.1x FY3/16e consensus P/E and 1.4x P/B.
- The street has 2 Holds and 2 Buys on the counter with a TP of $0.62.
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