Post by zuolun on Nov 16, 2013 16:06:44 GMT 7
On 8 Nov 2013, OCBC reviewed YOMA: No surprises from 2QFY14 earnings
Yoma reported 2QFY14 PATMI of S$3.3m versus a loss of S$4.2m in 2QFY13. The return to profitability was mainly due to the sale of two buildings in Zone B of Star City, for which Yoma recognized S$15.1m of revenue and an incentive fee of S$2.3m, and lower staff costs. YTD PATMI now cumulates to S$3.76m and is judged to be mostly within expectations, making up 48.0% of our full year forecast for FY14. We note, however, that the gross margin has slipped 2.4 ppt YoY to 44.9% over the quarter due to a lower contribution from Pun Hliang Golf Estate (a higher margin project). In terms of the topline, 2QFY14 revenues increased 132.4% YoY to S$27.0m, again mostly due to recognition of residential sales and LDR sales at Star City. Maintain HOLD with an unchanged fair value estimate of S$0.84.
Foreign Investors Must Be Aware of Burma’s Political Situation: Suu Kyi — 14 Nov 2013
Property Prices Keep the Locks on Myanmar — 17 Sep 2013
Golden Return: Serge Pun Constructs A Real-Estate Empire In Myanmar — 28 Aug 2013
缅甸SPA集团董事长潘继泽 Serge Pun raises stake in Yoma Strategic Holdings — 23 July 2013
An Easy Reference for Yoma Strategic’s Future Share Price — 23 July 2013
Yoma still hot on Myanmar despite rejection — 6 July 2013
pertama.freeforums.net/post/662/quote/276
YOMA — H&S / Descending triangle formation; crucial support @ S$0.67
Yoma reported 2QFY14 PATMI of S$3.3m versus a loss of S$4.2m in 2QFY13. The return to profitability was mainly due to the sale of two buildings in Zone B of Star City, for which Yoma recognized S$15.1m of revenue and an incentive fee of S$2.3m, and lower staff costs. YTD PATMI now cumulates to S$3.76m and is judged to be mostly within expectations, making up 48.0% of our full year forecast for FY14. We note, however, that the gross margin has slipped 2.4 ppt YoY to 44.9% over the quarter due to a lower contribution from Pun Hliang Golf Estate (a higher margin project). In terms of the topline, 2QFY14 revenues increased 132.4% YoY to S$27.0m, again mostly due to recognition of residential sales and LDR sales at Star City. Maintain HOLD with an unchanged fair value estimate of S$0.84.
Foreign Investors Must Be Aware of Burma’s Political Situation: Suu Kyi — 14 Nov 2013
Property Prices Keep the Locks on Myanmar — 17 Sep 2013
Golden Return: Serge Pun Constructs A Real-Estate Empire In Myanmar — 28 Aug 2013
缅甸SPA集团董事长潘继泽 Serge Pun raises stake in Yoma Strategic Holdings — 23 July 2013
An Easy Reference for Yoma Strategic’s Future Share Price — 23 July 2013
Yoma still hot on Myanmar despite rejection — 6 July 2013
pertama.freeforums.net/post/662/quote/276
YOMA — H&S / Descending triangle formation; crucial support @ S$0.67
