Company Name: SUPER GROUP LTD.
| Research House: DMG | Price Call: BUY | Target Price: 2.08 |
Broker DMG & Partners Securities said Singapore-listed petroleum firm Interra Resources , property developer Yoma Strategic Holdings and instant coffee maker Super Group could offer investors opportunities in slowly re-emerging Myanmar.
On Wednesday, Yoma shares were traded at $0.495, Interra $0.325 and Super $1.86.
“The lifting of sanctions could boost regional growth and intra-ASEAN trade and investment. In addition, the domestic consumer market is expected to grow rapidly, creating a fast-growing market for exports of goods and services,” DMG said.
The broker maintained a buy rating and a $2.08 target price on Super.
Myanmar President Thein Sein said on Tuesday landmark by-elections at the weekend, swept by pro-democracy leader Aung San Suu Kyi's party, were carried out successfully. That signalled acceptance of a result that will boost the political clout of his party's biggest rival.
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