Japanese companies flock to Myanmar

Japanese companies are trying to court Myanmar’s growing middle class. On Dec. 29, Honda Motor opened its 115th motorcycle dealership in the country, in Myitkyina, the capital of the state of Kachin. The Japanese company opened five dealerships in Myanmar in December alone — all in smaller cities. The total number was up 40% from […]

YSX’s Newest Trading Company Announces Base Share Price

​​ RANGOON — The Yangon Stock Exchange’s (YSX) newest trading company, First Private Bank (FPB), announced its base share price on Thursday, one day before trading is set to begin. The FPB will be start trading in YSX at January 20. The share base price for FPB is 39,000 kyats (US$28.50), with the upper limit set […]

Bank Shares Set for Jan 20 Launch

​​ First Private Bank says it will launch its public offering at the Yangon Stock Exchange on January 20. It will sell 2.47 million shares worth Ks24.72 billion. On August 15 it had 8,255 share holders. The 10 largest shareholders own about 15 per cent of the shares. According to its financial statement for 2016, […]

First Myanmar Investment First-Half Profit Jumps 52% on Year

​​ YANGON — First Myanmar Investment said Tuesday its net profit surged by 51.9%, year on year, to 6.2 billion kyat ($29.1 million) in the first fiscal half ended Sept. 30. Revenue at one of Myanmar’s largest public company jumped 49.4% on the year to 74.6 billion kyat. By sector, financial services contributed 67.4 billion kyat to […]

First Private Bank to Trade at YSX

First Private Bank will go public at Yangon Stock Exchange in December, said Dr. Sein Maung, the bank’s chairman. The First Private Bank made the announcement at its 9th Special Meeting and its 25th Annual General Meeting on November 20. The bank will trade at an estimated Ks 40,000 per share and has appointed Myanmar Securities Exchange […]

Stock trading cool at YSX

Stock trading is still cool at Yangon Stock Exchange (YSX), with a volume of 19,154 shares on 16th November. The trading volume of Myanmar Citizens Bank on 16th November notably plunged down to 22 shares, according to YSX. The Myanmar Stock Price Index (MYANPIX) was at 634.64 on 16th November. The value of stock trading […]

MTSH Suspends Share Trading at YSX For Stock Split

Myanmar Thilawa Special Economic Zone Holdings Public Ltd (MTSH) announced yesterday that it would suspend trading of its shares at the Yangon Stock Exchange from October 30 to November 3. The board of directors of the company previously agreed to split each stock into 10 units. MTSH sought approval for the move from its share holders at its special general meeting on October 23, according to U Aye Win, the company’s administrative and human resources director.  The move aims to increase share trading volume at the YSX. This will enable people to buy shares easily, said Win Aung, chairperson of the […]

FMI to Partner With Manaung Island Firm

First Myanmar Investment (FMI) has formed a joint venture with a company owned by residents of Manaung Island in Rakhine State, which will develop the island and build infrastructure, according to an FMI announcement on the Yangon Stock Exchange yesterday. FMI signed an agreement with Manaung Public Company (MPC) on October 24 to established an […]

Yoma Strategic to Spin off Myanmar Tourism Businesses in Reverse Takeover of SHC Capital Asia

SINGAPORE – Yoma Strategic Holdings announced on Monday (Oct 24) that it will be spinning off its tourism-related business as part of a reverse takeover (RTO) of Catalist-listed SHC Capital Asia Ltd. Yoma on Sept 2 announced its intention to partner with other players to establish a new tourism platform engaged in various tourism-related businesses […]

More transparency needed from local business: MCRB

A select few Myanmar firms display a higher level of transparency than most of their ASEAN peers, but many large companies continue to show little interest in disclosure – even when legally required – according to a recent report from the Myanmar Centre for Responsible Business (MCRB). There is huge variation in the approach Myanmar’s […]