Daiwa and ACE team up to provide security and technology for YSX

Japanese technology company Daiwa Securities Group will team up with the Myanmar- based ACE Date Systems in providing security and technological assistance to the nascent Yangon Stock Exchange (YSX), the exchange has announced. “Daiwa and ACE are collaborating to implement a security system for the exchange high-standard technology,” said U Thet Htun Oo, executive senior […]

YSX needs institutional investors, say industry figures

The Yangon Stock Exchange needs larger and more experienced investors to start trading as its current buyers lack experience, industry sources said at an Oxford Business Group capital market debate last week. The individual traders dominating the new bourse – also called retail investors – are poor at assessing a company’s financial health, analysing cash […]

Sales of FMI shares fall by over 90 per cent

THE price of First Myanmar Investment (FMI) shares on the nascent Yangon Stock Exchange (YSX) continued to depreciate in value to K27,000 per share, while the buying and selling of shares has fallen by 94 per cent, according to a statement by the YSX. By 25 March, FMI had sold a total of over 100,000 […]

FMI increases capital to Yoma Bank

First Myanmar Investment (FMI) has increased its capital contribution to its subsidiary Yoma Bank by almost K9.6 billion, after accepting a loan facility from Bangkok Bank, said a company announcement yesterday. FMI, owned by businessperson Serge Pun, is the first and only company to list on the Yangon Stock Exchange and owns a 51 percent […]

Daiwa liquidates advisory subsidiary

A subsidiary of Daiwa Securities called Myanmar Corporate Strategic Advisory will be liquidated in order to allow the Japanese group to focus on its role as an underwriter and broker on the Yangon Stock Exchange, a company official said yesterday. MCSA, which is fully owned and controlled by Daiwa Securities Group, has been operating as […]

No longer a backward nation’: Myanmar launches first stock exchange

The bourse is currently open only to domestic investors and firms, although there are plans to allow foreign involvement in the future. Myanmar launched its first stock exchange with just one listed company on Friday, with hopes the move could aid the country’s economic rise as it emerges from decades of isolationist military rule. The […]

Myanmar investors swot up for new bourse

YANGON – Inside the graceful halls of Myanmar’s first modern bourse business leaders crowd into a crash course on sharetrading, as the former junta-run country takes another leap towards economic revitalisation. Rangoon Stock Exchange (YSX) is due to debut its first listed company on Friday, just days before a new civilian government overseen by Aung […]

Yoma Bank, Telenor to Invest in Mobile Payments Joint Venture

Yoma Bank and Telenor are set to invest more than $8 million each over the next year in their new mobile payments joint venture, according to a company filing. Mobile money is expected to be a growth sector as the expansion of access to mobile phone and internet services coincides with efforts to give more […]

FMI discloses risks ahead of Yangon Stock Exchange listing

A reliance on chair Serge Pun’s business relationships and the potential illegality of its existing share trading centre are among the risk factors First Myanmar Investment laid out in a disclosure document yesterday, ahead of the firm’s listing scheduled for later this month. FMI will be the first company to list on Myanmar’s first modern […]

Yangon bourse gets set for first listing

YANGON • Myanmar’s new stock exchange plans to have its first listing on March 25, the deputy finance minister told Reuters yesterday, more than three months after it was launched. The South-east Asian country’s economy has been devastated by nearly 50 years of military rule. Rapid reforms since the junta handed over power in 2011 […]