Dear reader, recently I read a report that Myanmar is sinking into poverty not seen in 20 years according to the United Nations. When I read the report, I was immediately jolted into recollecting the days when Myanmar stocks and Myanmar were so attractive to Singapore investors. I recalled there were a number of regular investment analyst reports for “buy” calls on certain Myanmar stocks. I even had friends who ventured to Myanmar to tap on the growth opportunities there.
But who could have thought that there would be a military coup in Myanmar? And now the economy of Myanmar is less predictable now?
Let us look at three SGX-listed stocks with a focus on Myanmar.
First, Yoma Strategic Holdings stock, which I always remembered when I did some research in SGX-listed stocks with a focus on Myanmar some years back. As at yesterday, Yoma Strategic Holdings stock was down some 76.5% in the last five years-to-date and down by close to 50% year-to-date.
Next up, Interra Resources Ltd stock. This stocks is down 8% year-to-date and down some 42.5% in the last five years-to-date.
Last but not least, Singapore Myanmar Investco stock. I am not sure whether I have missed any corporate action but based on price, this stock is up some 525%! year-to-date but down some 70.24% in the last five years-to-date!
I have not invested in Myanmar stocks before. Myanmar stocks to me, was like a fad, just like the S-chips.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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