Second listing gives wings to Yangon Stock Exchange

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MTSH Listing YSX
Listing ceremony of Myanmar Thilawa SEZ Holding on May 20 in Yangon

Myanmar Thilawa SEZ Holdings (MTSH) made a solid debut on May 20 as the second company on Myanmar’s Yangon Stock Exchange, spurring a lot of interest from retail investors. The developer of the Thilawa Special Economic Zone, an industrial park southeast of Yangon, was to debut at 40,000 kyat ($34.10) a share. But heavy buying put the stock to 50,000 kyat as soon as trading began. Trading volume for the day totaled 10,157 shares, for a value of 507.85 million kyat.

MTSH was founded in 2013 by nine companies involved in real estate development and similar fields. Shares were later issued for 10,000 kyat each to more than 15,000 investors.Some predicted selling would dominate during the shares’ first session on the Yangon exchange, given an offering price four times the initial level.

The company is the second at the new stock exchange after First Myanmar Investment, a company with holdings in real estate, financial services and health care,  started trading on March 25. Those shares went up significantly for their first several sessions as well. However, the price fell below the IPO level a few days after the initial wave of exuberance subsided and has remained 5,000 to 10,000 kyat below its peak ever since.

Retail investors remain eager to buy shares through Myanmar’s stock market in lieu after other investment opportunities, analyst say. Screening is underway for another company that could become the exchange’s third listing. Altogether, up to ten companies could be listed by next year. Candidates are, among others, First Private Bank, Asia Green Development Bank, Myanmar Citizens Bank, Cooperative Bank, Forest Joint Venture Company and Myanmar Agribusiness Public Corporation.

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Reading Time: 1 minute

Listing ceremony of Myanmar Thilawa SEZ Holding on May 20 in Yangon

Myanmar Thilawa SEZ Holdings (MTSH) made a solid debut on May 20 as the second company on Myanmar’s Yangon Stock Exchange, spurring a lot of interest from retail investors. The developer of the Thilawa Special Economic Zone, an industrial park southeast of Yangon, was to debut at 40,000 kyat ($34.10) a share. But heavy buying put the stock to 50,000 kyat as soon as trading began. Trading volume for the day totaled 10,157 shares, for a value of 507.85 million kyat.

Reading Time: 1 minute

MTSH Listing YSX
Listing ceremony of Myanmar Thilawa SEZ Holding on May 20 in Yangon

Myanmar Thilawa SEZ Holdings (MTSH) made a solid debut on May 20 as the second company on Myanmar’s Yangon Stock Exchange, spurring a lot of interest from retail investors. The developer of the Thilawa Special Economic Zone, an industrial park southeast of Yangon, was to debut at 40,000 kyat ($34.10) a share. But heavy buying put the stock to 50,000 kyat as soon as trading began. Trading volume for the day totaled 10,157 shares, for a value of 507.85 million kyat.

MTSH was founded in 2013 by nine companies involved in real estate development and similar fields. Shares were later issued for 10,000 kyat each to more than 15,000 investors.Some predicted selling would dominate during the shares’ first session on the Yangon exchange, given an offering price four times the initial level.

The company is the second at the new stock exchange after First Myanmar Investment, a company with holdings in real estate, financial services and health care,  started trading on March 25. Those shares went up significantly for their first several sessions as well. However, the price fell below the IPO level a few days after the initial wave of exuberance subsided and has remained 5,000 to 10,000 kyat below its peak ever since.

Retail investors remain eager to buy shares through Myanmar’s stock market in lieu after other investment opportunities, analyst say. Screening is underway for another company that could become the exchange’s third listing. Altogether, up to ten companies could be listed by next year. Candidates are, among others, First Private Bank, Asia Green Development Bank, Myanmar Citizens Bank, Cooperative Bank, Forest Joint Venture Company and Myanmar Agribusiness Public Corporation.

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