Asia Strategic Holdings Ltd - developer and operator of consumer businesses located in emerging Asia - Says company has continued to grow, notwithstanding the constantly evolving social, economic and political environment in both Vietnam and Myanmar. For the financial year ended September 30, posts revenue of USD15 million, double from USD7.3 million the year before, but pretax loss narrows to USD6.0 million from USD6.3 million. Board of directors do not recommend payment of dividends for the financial year as the group needs to conserve cash for working capital and future expansion. Looking ahead says: "The board and management continue to remain positive on the overall macroeconomic environment underpinning the broader investment opportunity across ASEAN, with Vietnam and Myanmar as key contributors."
Current stock price: USD9.50
12-month change: down 12%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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