7Apr

OCBC likes Singapore Myanmar Investco

OCBC Investment Research is keeping its “purchase” approach Singapore Myanmar Investco (SMI) with an unaltered target cost of 97 pennies.

OCBC-Bank

This comes after the gathering on Thursday declared that it is beginning retail and F&B operations in Junction City, an incorporated advancement in Yangon, Myanmar.

With a five-year rent, the gathering is focusing to open up and work up to 10 retail brands and F&B ideas in the retail and amusement complex of Junction City.

“With the expansion of this advancement, we repeat that SMI offers prime presentation to Myanmar’s quickly developing shopper and tourism parts,” says OCBC lead examiner Jodie Foo in a write about Friday.

On top of the retail and F&B wander at Junction City, SMI additionally holds an overwhelming position in airplane terminal obligation free retail at Yangon International Airport’s new terminal.

SMI has inked a 10-year elite supply concurrence with DFS Group, and has additionally won a 10-year obligation free retail concession at Yangon International Airport (YIA) for 90% of business space at the new terminal.

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