Yoma Strategic Holding (YSH) is a leading property group in Myanmar. Its range of businesses includes property development, construction and piling services, and project management and design services in Myanmar.
It is an affiliate of the Serge Pun & Associates Group (SPA Group) which has various other businesses including financial services, manufacturing, services, trading and distribution, agriculture, management consultancy, and IT.
YSH aims to become a multinational corporation with strategic businesses beyond the real estate sector and in more than one market.
Acquisition of Zhong Bei Building in Dali , China
For the Acquisition of Winner Sight Investments Limited (“WSI”), YSH has entered into a conditional sale and purchase agreement to acquire from Allied Win Group Limited (“AWG”): 75% of the issued and paid up share capital of WSI; and estimated total purchase consideration of S$47.85 million.
This will be funded by a right issue of 425 million shares at 12 cents each, raising approximately S$51.1 million.
Zhong Bei building is located in the heart of Dalian Economic & Technological Development Zone and Comprises of two towers each of 22-storey high, with a 3-storey retail podium and one level of basement car park.
Total Site Area: 21,635.50 sq. m
Total GFA: 104,154.20 sq. m
(i) Retail Podium: 34,817.63
(ii) Tower Block (Office & Apartment): 58,499.52
(iii) Basement Car Park: 10,837.05
The estimated leaseable GFA after 18 mths is as followed:
• Serviced Apartments: 18,498
• Offices: 23,159
• Retail: 18,203
The rental for Office Grade A is RMB$4.75-6.6 per sqm per day.
The average rental for service apartment is RMB$5 per sqm per day with a 78% occupancy rate.
The average retail rental is abt RMB$3.4 per sqm per day with a 91% occupancy
Therefore after 18 mths,
YSH will be able to get abt RMB$87 million from rental on an annual basis.
This work out to be about S$17.4 million contribution. This will translate to an EPS of S$0.02 on an enlarged share capital of 850 million shares.
The above analysis excludes contribution from other segments from the company.
Using a PE ratio of 20x, this works out to be abt S$0.40 for YSH shares.
It is an affiliate of the Serge Pun & Associates Group (SPA Group) which has various other businesses including financial services, manufacturing, services, trading and distribution, agriculture, management consultancy, and IT.
YSH aims to become a multinational corporation with strategic businesses beyond the real estate sector and in more than one market.
Acquisition of Zhong Bei Building in Dali , China
For the Acquisition of Winner Sight Investments Limited (“WSI”), YSH has entered into a conditional sale and purchase agreement to acquire from Allied Win Group Limited (“AWG”): 75% of the issued and paid up share capital of WSI; and estimated total purchase consideration of S$47.85 million.
This will be funded by a right issue of 425 million shares at 12 cents each, raising approximately S$51.1 million.
Zhong Bei building is located in the heart of Dalian Economic & Technological Development Zone and Comprises of two towers each of 22-storey high, with a 3-storey retail podium and one level of basement car park.
Total Site Area: 21,635.50 sq. m
Total GFA: 104,154.20 sq. m
(i) Retail Podium: 34,817.63
(ii) Tower Block (Office & Apartment): 58,499.52
(iii) Basement Car Park: 10,837.05
The estimated leaseable GFA after 18 mths is as followed:
• Serviced Apartments: 18,498
• Offices: 23,159
• Retail: 18,203
The rental for Office Grade A is RMB$4.75-6.6 per sqm per day.
The average rental for service apartment is RMB$5 per sqm per day with a 78% occupancy rate.
The average retail rental is abt RMB$3.4 per sqm per day with a 91% occupancy
Therefore after 18 mths,
YSH will be able to get abt RMB$87 million from rental on an annual basis.
This work out to be about S$17.4 million contribution. This will translate to an EPS of S$0.02 on an enlarged share capital of 850 million shares.
The above analysis excludes contribution from other segments from the company.
Using a PE ratio of 20x, this works out to be abt S$0.40 for YSH shares.
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