Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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 - 09/23
0.27 SGD   -1.82%
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
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector news

Yoma Strategic : to Buy Telenor's 51% Stake in Wave Money

share with twitter share with LinkedIn share with facebook
06/23/2020 | 09:20pm 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 0.40% 150.45 Delayed Quote.-4.83%
YOMA STRATEGIC HOLDINGS LTD. -1.82% 0.27 End-of-day quote.-22.86%
share with twitter share with LinkedIn share with facebook
All news about YOMA STRATEGIC HOLDINGS LTD.
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
06/24YOMA 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
06/23YOMA STRATEGIC : to Buy Telenor's 51% Stake in Wave Money
DJ
06/23YOMA STRATEGIC : Proposed Acquisition Of Controlling Interest In Digital Money M..
PU
06/15YOMA STRATEGIC : Appointment Of Mr. Paolo Maximo Francisco Borromeo As Alternate..
PU
More news
Financials
Sales 2020 142 M 103 M 103 M
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 604 M 441 M 441 M
Capi. / Sales 2020 4,27x
Capi. / Sales 2021 4,08x
Nbr of Employees 4 000
Free-Float 55,4%
Chart YOMA STRATEGIC HOLDINGS LTD.
Duration : Period :
Yoma Strategic Holdings Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
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 0,27 SGD
Spread / Highest target 85,2%
Spread / Average Target 77,8%
Spread / Lowest Target 70,4%
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