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MTSH share price jumps again on second day of trade

Publish on 24 May 2016

By Aye Thidar Kyaw

The price and trading volume of shares in Myanmar Thilawa SEZ Holdings Limited (MTSH) rose on the company’s second day of trading, according to the Yangon Stock Exchange.

Investors bid for a total of 25,650 shares at the K60,000 price limit yesterday, leading the company to end its second day on the exchange up 50 percent from its K40,000 launch price.

MTSH vice president U Thurane Aung said on May 20 that the gap between supply and demand will close as the company’s share price increases over the coming days.

Its launch price was based on its price-to-book ratio, he said. This ratio compares the stock price, or in the case of MTSH, its over-the-counter price, to its book value per share.

The company is a consortium of nine shareholders including many of the country’s best-known businesspeople, and operates Myanmar’s only special economic zone, in Thilawa to the south of Yangon.

“The price may rise in the following days due to high demand, so shareholders will start selling out and the gap between supply and demand will narrow,” U Thurane Aung said.

MTSH shares were issued as physical share certificates for K10,000 in early 2014 but had risen to K80,000 by the end of last year as investors expected the company to list on the YSX.

The company’s share department said it would offer a 20pc shareholder dividend based on the original value of the shares, or K2000 per share.

Its main income will come from its two subsidiaries: Myanmar Japan Thilawa Development which manages the marketing, sales and operations for the Thilawa special economic zone, and Thilawa Property Development, which handles the construction, sale and management of residential and commercial areas.

The price of First Myanmar Investment (FMI), the only other listed company on the exchange, fell by 3.2pc yesterday to K30,000 with 14,000 shares traded.

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Created at 2016-05-30 03:22:51