Stock Name: Yoma Strategic
Company Name: YOMA STRATEGIC HOLDINGS LTD
Company Name: YOMA STRATEGIC HOLDINGS LTD
| Research House: OCBC | Price Call: HOLD | Target Price: 0.52 |
SINGAPORE (Feb 10): OCBC Investment Research has downgraded Yoma Strategic Holdings to "hold" from "buy" and cut its price target to 52 cents from 72 cents to reflect the dilution impact from the company's recent one-for-three rights issue.
"We will turn buyers either at around S$0.47, or on more operational visibility regarding the Landmark project and the group's various initiatives in infrastructure, logistics and agriculture," OCBC analyst Eli Lee wrote in a report. Landmark is a mega mixed development being built by Yoma in Myanmar.
No comments:
Post a Comment