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The latest update is out from Yoma Strategic Holdings ( (SG:Z59) ).
During the Annual General Meeting, Yoma Strategic Holdings addressed the challenges faced by its subsidiary, Wave Money, due to declining revenues in its over-the-counter cash remittance business. The company is adapting to market changes by shifting focus towards digital wallet services, leveraging its extensive agent network to bridge cash and digital ecosystems, and targeting unbanked populations and small businesses in Myanmar.
More about Yoma Strategic Holdings
Yoma Strategic Holdings Ltd. is a Singapore-incorporated company operating in the financial services industry. The company is primarily focused on providing financial solutions, with a significant emphasis on its subsidiary, Wave Money, which offers domestic cash remittance services and digital wallet solutions in Myanmar.
Average Trading Volume: 8,433,993
Technical Sentiment Signal: Hold
Current Market Cap: S$211.1M
For detailed information about Z59 stock, go to TipRanks’ Stock Analysis page.