Yoma well placed to tap into Myanmar’s potential economic growth, says DBS

DBS Group Research believes Yoma Strategic Holdings is well placed to tap into Myanmar’s potential economic turnaround, with its diversified portfolio in the property, consumer and automotive sectors. DBS is keeping its “buy” recommendation on Yoma with an unchanged target price of 40 cents, based on a 60% discount to RNAV. Yoma’s real estate business […]

Yoma to snap up YKKO for $12.6m

Conglomerate Yoma Strategic will acquire a 65 percent-stake in Myanmar restaurant chain YKKO in a deal worth US$12.6 million. YKKO – formally known as Yankin Kyay Oh Group of Companies – was founded in 1988. It has humble beginnings as a small, family-run restaurant in Yangon’s Yankin but now boasts 37 outlets in the three […]

Yoma Strategic buying Myanmar restaurant chain Yankin Kyay Oh for 19.4b kyat

Mainboard-listed company Yoma Strategic Holdings will be acquiring a 65 per cent stake in one of Myanmar’s largest restaurant chains, Yankin Kyay Oh Group of Companies Limited (YKKO), for around 19.4 billion kyat (S$17.1 million), the company said in a media statement. The amount, to be funded by internal resources and recent financing activities, took […]

Newest Myanmar noodle chain has Japanese roots, local prices

TOKYO — One of Japan’s top purveyors of noodles is setting up shop in Myanmar’s biggest city this month, hoping to cater to a growing middle class hungry for cheap food. Bowls of rice noodles in broth will sell for 650 kyat (48 cents) at the Yangon restaurant operated by a local joint venture of […]

Franchising Business in Myanmar: An Idea Whose Time Has Come

An energized economy The continuous flow of investments the country energized the economy and boosts the entrepreneurial spirit of the people. The dynamism has not been limited to urban centers but spread to rural areas where livelihood activities mushroomed as more people saw the opportunity to address the increasing demand for products and services. From […]