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

YOMA STRATEGIC HOLDINGS LTD.

(Z59)
  Report
End-of-day quote. End-of-day quote Singapore Stock Exchange - 10/29
0.255 SGD   -1.92%
10/13YOMA STRATEGIC : Completion Of The Acquisition Of 10% Interest In Digital Money Myanmar Limited
PU
10/04YOMA STRATEGIC : Response To SGX Queries
PU
09/25YOMA STRATEGIC : Use Of Placement Proceeds
PU
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Yoma Strategic : to Buy Telenor's 51% Stake in Wave Money

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06/23/2020 | 10:20pm EDT

By Ben Otto

Yoma Strategic Holdings Ltd. will pay $76.5 million to acquire Telenor ASA's 51% stake in Myanmar mobile financial services provider Wave Money.

Yoma Strategic said in a stock-exchange filing Wednesday that it would become the controlling shareholder of Wave Money, and it will fund the acquisition through internal resources and a consortium of investors.

Yoma Strategic acquired an initial 34% stake in Wave Money in 2018, running the company as a joint venture with Norway's Telenor. With the new transaction, Wave Money will become a subsidiary of Yoma Strategic.

Yoma Strategic said in May that Ant Financial Services Group, the operator of Alipay, would invest $73.5 million in Wave Money, becoming a substantial minority stakeholder.

Wave Money runs a network of more than 58,000 agents in urban and rural areas across Myanmar. Its transfer volume more than tripled on year in 2019 to about $4.3 billion, Yoma said.

"Wave Money continues to see sustained growth in its agent and digital platforms, with Wave Pay gaining strong traction during the Covid-19 pandemic through the acceleration in and adoption of cashless payment solutions," said Melvyn Pun, the company's chief executive officer. "The investment by Ant Group will further fuel Wave Money's growth trajectory and will help to create a greater value for our shareholders in the longer term."

 

Write to Ben Otto at ben.otto@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
TELENOR ASA 0.82% 148.1 Delayed Quote.-5.94%
YOMA STRATEGIC HOLDINGS LTD. -1.92% 0.255 End-of-day quote.-27.14%
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All news about YOMA STRATEGIC HOLDINGS LTD.
10/13YOMA STRATEGIC : Completion Of The Acquisition Of 10% Interest In Digital Money ..
PU
10/04YOMA STRATEGIC : Response To SGX Queries
PU
09/25YOMA STRATEGIC : Use Of Placement Proceeds
PU
09/16YOMA STRATEGIC : Updates On Shareholders' Trip
PU
08/17YOMA STRATEGIC : Trading Updates For The Quarter Ended 30 June 2020
PU
08/06YOMA STRATEGIC : Change In Interest Of Director - Serge Pun
PU
07/23YOMA STRATEGIC : Change In Interest Of Director - Serge Pun
PU
06/25YOMA STRATEGIC : plans to take controlling stake of Wave Money
AQ
06/24YOMA STRATEGIC : plans to take controlling stake of Wave Money, the leading mobi..
PU
06/24TELENOR : divests shares in Wave Money
AQ
More news
Financials
Sales 2020 142 M 104 M 104 M
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 582 M 427 M 426 M
Capi. / Sales 2020 4,11x
Capi. / Sales 2021 3,93x
Nbr of Employees 4 000
Free-Float 55,4%
Chart YOMA STRATEGIC HOLDINGS LTD.
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Technical analysis trends YOMA STRATEGIC HOLDINGS LTD.
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 0,48 SGD
Last Close Price 0,26 SGD
Spread / Highest target 92,3%
Spread / Average Target 84,6%
Spread / Lowest Target 76,9%
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