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Posco Int’l shares, bottom-line expect benefit from new gas field discovery

Shares and the bottom line of Posco International Corp., general trading and business development unit of South Korean steel giant Posco, are expected to get a big boost from a new gas field recently discovered off the western coast of Myanmar projected to turn out 500 billion won ($411.4 million) worth gas. A drilling test […]

Shareholders ask bus company to buy back shares

Some 200 shareholders of bus service operator Yangon Urban Public Transportation Company (YUPT) are calling on the Yangon Region government to buy over their shares in the company. This comes after a shareholder uprising over the company’s lack of profit and leadership selection disrupted YUPT’s annual general meeting in late October. Last weekend, YUPT began […]

Second board to enable trading of non-listed companies planned

A second board will be established to enable the public to trade shares of companies that are not listed on the main board of the Yangon Stock Exchange (YSX), U Htay Chun, member of the Securities and Exchange Commission of Myanmar (SECM), said earlier this month. The move is expected to create an official platform […]

YSX traded stocks in 2019 reaches highest in August

The value of stocks traded on the Yangon Stock Exchange (YSX) hit the highest level of US$1.9 billion this year in August, according to the monthly report of the YSX. A total of 322,176 shares were traded on the exchange during the month. At present, shares of five listed companies — First Myanmar Investment (FMI), […]

FMI weighed down by lacklustre market

Overall market weakness is the reason why First Myanmar Investment Public Company Limited’s (FMI) shares have performed poorly on the Yangon Stock Exchange (YSX). The company, among five listed on the YSX, recently posted its full-year ended March 31, 2019 results. While earnings dropped by almost 42 percent to K14.4 billion for the 12 months […]

Shares on YSX reach five-month high

Stock trading of 275,325 shares by five companies listed on the Yangon Stock Exchange (YSX) in May reached a five-month high of K1.4 billion, according to YSX monthly report, state media reported. The figure doubled over last month’s record of K506 million with 102,682 shares; while trading value in January was registered at K526 million […]

YSX stock trading value hits all-time low

The value of traded stocks on the Yangon Stock Exchange (YSX) last month registered an all-time low, according to monthly trading data released online by YSX. Shares of five listed companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB) and TMH Telecom Public Co. Ltd. […]

Resident foreigners will be permitted to trade on YSX

Foreigners residing in Myanmar will be permitted to buy shares on the Yangon Stock Exchange (YSX) from August 1, when the Myanmar Companies Law is scheduled to be enforced, U Thet Tun Oo, senior executive manager at the YSX, told The Myanmar Times on Monday. The Securities and Exchange Commission Myanmar (SECM) will release a […]

FMI terminates investment in Yeni Industrial Town Project

First Myanmar Investment Company (FMI) yesterday announced the termination of its agreement to invest in Asia Golden Glory Development Co, the company involved in developing the Yeni Industrial Town Project. In an announcement filed with the Yangon Stock Exchange, FMI said it had terminated a 2017 agreement for it to acquire a 30 percent stake […]

Singapore Myanmar Investco JV partner moves to block TPR Myanmar sale

SINGAPORE (June 21): Singapore Myanmar Investco (SMI) says its joint venture partner Golden Infrastructure Group (GIG) has officially initiated legal action against the group’s sale of TPR Myanmar. To recap, SMI has been engaged in a dispute with GIG since Dec 2016 regarding their joint venture in Myanmar Infrastructure Group (MIG), which is the holding […]