Phillip Capital has maintained buy on Yoma Strategic at a target price of $0.49. Yoma Strategic is supported by several factors. “Yoma Land’s revenue is well supported by backlog of unrecognized revenue.” “Unrecognised revenue now amounted to US$17mn as at 3Q20 vis-à-vis more than US$20mn in 2Q20. Real Estate Services revenue was lower YoY due to lower occupancy levels and rental rates at Pun Hlaing Estate and StarCity. However, the lower rental rates and the amenities and services offered amidst COVID-19 had driven a partial recovery in occupancy levels in recent months.” Also a good point to note is that “revenue from Yoma Financial Services increased by 5.6% YoY underpinned by an enlarged finance lease portfolio in Yoma Fleet; Wave Money remains EBITDA positive despite weaker transaction numbers”. KGI report though has no formal rating on Jiutian Chemical, it has given an estimated fair value of $0.068 for the...