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MarketScreener Homepage  >  Equities  >  Singapore Stock Exchange  >  Yoma Strategic Holdings Ltd.    Z59   SG1T74931364

YOMA STRATEGIC HOLDINGS LTD.

(Z59)
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Yoma Strategic: Ant Financial to Invest US$73.5 Million in Mobile Financial Services Provider Wave Money

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05/17/2020 | 05:52pm EDT

By P.R. Venkat

SINGAPORE--Yoma Strategic Holdings Ltd. said that Ant Financial Services Group will invest $73.5 million in Myanmar-based mobile financial services provider Wave Money.

Ant Financial, the operator of Alipay, will become a substantial minority stakeholder, Yoma Strategic said Monday.

Wave Money is currently a joint venture between Yoma and Norway's Telenor ASA.

Since its launch in 2018, more than 21 million people have used Wave Money's platform for remittances, utility payments, airtime top-ups and digital payments, Yoma said.

As part of the partnership, Wave Money will leverage Ant's experience building mobile payment platforms to enhance its digital competence, capabilities, user experience and service offerings to better address the needs of users in Myanmar, Yoma said.

 

Write to P.R. Venkat at venkat.pr@wsj.com

 

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AT HOME GROUP INC. -0.89% 5.58 Delayed Quote.2.00%
JUST GROUP PLC 4.79% 50.8 Delayed Quote.-38.63%
LETS HOLDINGS GROUP CO., LTD. 3.09% 12 End-of-day quote.98.68%
LOOK HOLDINGS INCORPORATED 5.99% 726 End-of-day quote.-42.01%
TELENOR ASA 3.36% 147.75 Delayed Quote.-9.21%
WILL GROUP, INC. 2.10% 631 End-of-day quote.-49.60%
YOMA STRATEGIC HOLDINGS LTD. -6.45% 0.29 End-of-day quote.-17.14%
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Latest news on YOMA STRATEGIC HOLDINGS LT
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Financials
Sales 2020 163 M 117 M 117 M
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 647 M 466 M 465 M
EV / Sales 2019
Capi. / Sales 2020 3,98x
Nbr of Employees 4 000
Free-Float 55,3%
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Technical analysis trends YOMA STRATEGIC HOLDINGS LT
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 2
Average target price 0,48 SGD
Last Close Price 0,29 SGD
Spread / Highest target 72,4%
Spread / Average Target 65,5%
Spread / Lowest Target 58,6%
EPS Revisions
Managers
NameTitle
Chi Tung Pun Chief Executive Officer & Executive Director
Serge Pun Executive Chairman
J. R. Ching Chief Financial Officer
Peng Ee Chan Lead Independent Non-Executive Director
Su-Yen Wong Independent Non-Executive Director