Yoma Jumps Most in 4 Months on Myanmar Outlook: Singapore Mover
This article is for subscribers only.
Yoma Strategic Holdings Ltd., a developer of properties in Myanmar, posted its biggest gain in almost four months in Singapore trading on expectations that housing demand will boost earnings.
Yoma climbed 18 percent to 45 Singapore cents at the close in local trading, the biggest gain since Feb. 13. The company, which gets almost all of its sales from Myanmar, may benefit from the 64 million people and reserves of natural gas and lumber as Myanmar reconnects with the global economy following five decades of isolation during military rule.