Yoma Strategic Holdings Ltd. Addresses Shareholders' Queries Ahead of AGM: Wave Money's Revenue Decline and Land Bank Valuation Discussed
Reuters
Sep 02, 2025
<a href="https://laohu8.com/S/YMAIF">Yoma Strategic Holdings Ltd.</a> Addresses Shareholders' Queries Ahead of AGM: Wave Money's Revenue Decline and Land Bank Valuation Discussed
At the Annual General Meeting of Yoma Strategic Holdings Ltd. held on 31 July 2025, several key questions from shareholders were addressed. Shareholder A inquired about the decrease in revenue for Wave Money, specifically concerning its over-the-counter (OTC) business. Mr. Ben Koo, Head of Yoma Financial Services, explained that the OTC business, a domestic cash remittance service supported by a network of over 50,000 agents in Myanmar, had been a significant revenue source for the past nine years. Another question pertained to the Company's land bank being held at historic cost, to which the Chief Financial Officer confirmed, suggesting potential upside to the net asset value $(NAV)$. Additionally, in response to a query about development opportunities post-earthquake, the Chairman mentioned that Yoma Land had been exploring development possibilities beyond StarCity and Pun Hlaing Estate due to recent destruction. The full document can be accessed through the link below.
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