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 […]

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 […]

Applications to list on Yangon Stock Exchange to open next month

The Yangon Stock Exchange will begin accepting applications for listed companies by next month, according to Dr Maung Maung Thein, chair of the Securities Exchange Supervisory Commission. The long-awaited listing criteria was announced earlier this month through state media. “Companies acting in accordance with the criteria can apply for licences to sell their stocks on […]

Myanmar to open stock market in Oct

YANGON — Myanmar will open its first-ever stock market later this year, the deputy finance minister said Saturday. “We are ready to start it on October,” Maung Maung Thein said. He also said that stock exchange licences will be issued to companies soon. “The Securities Exchange Commission will issue licences to the stock companies. It […]

Planned stock exchange still missing a watchdog

Authorities have yet to set up a Securities Exchange Commission, despite suggestions that the watchdog necessary for the stock exchange planned for next year would be established last month, leaving economists disappointed. According to the Securities Exchange Law passed at the end of July last year, the SEC must be created to monitor transactions on […]

Three types of licences for stock-trading firms

Securities companies that plan to participate in the upcoming Yangon Stock Exchange will have to apply for at least one three licences, as well as meet other licensing and legal requirements, according to the Daiwa Institute of Research Co Ltd. Daiwa’s managing director said that besides needing to register under the Myanmar Companies Act, each […]

Foreigners invest in local firms with potential to be listed on Stock Exchange

YANGON—Some foreign investors are buying shares in the local public firms that will probably become listed companies at the time of the official launch of the Myanmar Stock Exchange in 2015, according to Daiwa Securities Exchange. “What I’m concerned is that most of the companies selling shares are not abiding by the company law. Legally, […]

Daiwa to help AGD bank’s transformation as public company

YANGON—Japan’s Daiwa Securities Group will assist locally-owned Asia Green Development (AGD) Bank to transform as a public company, sources say. The Memorandum of Understanding (MoU) to proceed with initial public offerings between the two organizations was signed on Monday at Kandawgyi Palace Hotel in Yangon. Daiwa is helping the government to establish a stock market […]