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May 26, 2020

EFR Public Company to debut on YSX on 28 May

The Ever Flow River Group Public Co. Ltd (EFR) will be listed on the Yangon Stock Exchange (YSX) on 28 May 2020 at the base price of K2,300 per unit and its share trading will be made on the same day, said YSX Senior Executive Manager U Thet Tun Oo.
The upper limit price is set at K2,800 while the lower is at K1,800. If investors place a market order, it can be matched between the upper and lower limit price based on the balance of supply and demand.
Earlier, EFR was supposed to debut on the YSX 20 March, yet it postponed the listing date due to the spread of coronavirus pandemic.
EFR would be the sixth public company to list on the exchange. As per the company’s profile, EFR is a fully integrated logistics service provider. There are seven subsidiaries, one affiliate, and two project companies operating under the management of the EFR Group of Companies.

Visitors seen at Yangon Stock Exchange in downtown Yangon. Photo- Phoe Khwar
Visitors seen at Yangon Stock Exchange in downtown Yangon. Photo- Phoe Khwar

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 — are being currently traded on the stock exchange. As of 21 May 2020, the share prices of FMI were closed at K10,500 per unit, MTSH at K3,750, MCB at K8,200, FPB at K23,500 and TMH at K2,750.
Usually, over K60 million worth shares were traded on the exchange every day. The coronavirus impacts cool down the market at the present time.
In 2016, shares of only three companies were traded on the YSX — FMI, MTSH and MCB. One more public company, FPB was listed on the YSX in 2017. In 2018, TMH Telecom Public Co. Ltd debuted on the exchange.
More than 2.5 million shares of three listed companies were traded on the YSX in 2016, and their value was estimated at K70 billion. In 2017, despite an increase in the stock trading volume to 2.6 million shares, the trade value was only K22 billion. In 2018, 2.3 million shares of five companies, worth K11.5 billion, were traded on the exchange. A total of 2.4 million shares worth K13.39 billion were traded on the YSX in 2019, a significant increase compared to the previous year, according to the annual report released by the exchange. In January 2020, 196,836 shares worth K1.25 billion were traded on the exchange while 188,919 shares, with an estimated value of K1.48 billion, were traded on the exchange in February and 228,913 shares valued K1.42 billion were traded in March respectively. The value of shares traded on the Yangon Stock Exchange (YSX) in April touched the lowest of K902 million with 173,808 shares being traded, due to the long market holidays during Thingyan and coronavirus consequences, the exchange’s monthly report showed. The YSX was launched three years ago to improve the private business sector. It disseminates rules and regulations regarding the stock exchange and knowledge of share trading through stock investment seminars.
To boost the trading, the YSX has doubled its stock trade matching time from two to four per day last year. The exchange launched 7 times matching per day on 26 March 2020. In addition to this, it has held promotional events to attract new investors and encourage existing investors to trade more actively. The stock exchange has also sought the government’s support to get more public companies to participate in the stock market and help more institutional investors, such as financing companies, investment banks, and insurance companies, to emerge. — Ko Htet (Translated by Ei Myat Mon)

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