Thursday, April 5, 2012

Yoma, Interra surge on US-Myanmar move

Shares of property developer Yoma Strategic Holdings and petroleum firm Interra Resources rose more than 6% as traders expect the companies to benefit from the easing of sanctions on Myanmar.

So far this year, Yoma shares have jumped more than 150%, while Interra stock has rocketed around 250%.

Yoma and Interra, which derive about 90% and 64% of revenue respectively from Myanmar, could attract further interest from investors looking to tap on the country's recent reforms, DMG & Partners Securities said.

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