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February 26, 2018

Long-term investment in stock exchange may pay off: expert

YANGON — Long-term investments in the soon to be launched Yangon Stock Exchange are more likely to deliver returns than short-term investments, predicts the economist Dr Aung Thura, founder and CEO of Thura Swiss.
“When the Yangon Stock Exchange comes alive, it will generate quite a bit of interest. Profit from short term investment is more uncertain than long term, as profits will be determined by investors. If they sell shares at market price, the prices will be low,” Dr Aung Thura said.
He urged potential investors in Myanmar to study markets elsewhere before investing in YSE.
“Companies listed on the stock exchange companies are governed by the stock exchange’s rules and regulations. If a company breaches the rules, the Securities and Exchange Commission of Myanmar (SECM) has the power to take action,” he added.
The Yangon Stock Exchange-Joint Venture Limited will have K32 billion in capital, with three Myanmar directors and two foreign. It will be launched after the November 8 elections.—GNLM


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