TMH Telecom Public Company will be the fifth company to list on the Yangon Stock Exchange (YSX) as trading volumes hit all- time low

TMH Telecom Public Company will become the fifth company to list on the Yangon Stock Exchange (YSX), the exchange said Tuesday. 

However, it will be at least another month or more before trading in shares of TMH can commence.  

“TMH will be listed as a company in the official stock exchange list however trading of the company’s shares on the YSX will only begin in January 2018 at the earliest. As of now, the company still needs to conduct an Initial Public Offering which would take at least one month,” said U Thet Tun O0, senior executive manager at the YSX.

TMH first registered as a company on August 21, 2007 at the Directorate of Investment and Company Administration (DICA) with the registration no. 368/2017-2018. At the time, the company operated as a private company under Thar Moe Nye’ Chan Thar Tun Wai Thar Company moniker.

It converted to a public company and changed its name to TMH Telecom Public Company on August 21, 2016. The company was established with an initial capital of K11.6 billion.

TMH provides engineering services related to mobile networks, fiber network projects, mobile base and fiber network installations and maintenance, production and distribution of prepaid phone bills and conference technology.

The company owns two factories in Yangon and Pyin Oo Lwin, respectively, and operates branches in Yangon, Mandalay, lashio, Myinmu, Muse, Pyay, Kyobinkauk, Kaukmu, Kyaukme, Naungcho, Myanaung and many other cities such as Kawtkhine, Hinthada, Pathein, Moneywar and Maubin.

TMH is listing on the YSX just as trading in the shares of the four existing listed companies has fallen to a low. The Myanmar Stock Price Index closed Tuesday at 480.28, with just 14,774 shares exchanging hands. At its high on March 29, 2016, the index closed at 1,322.58, with more than 210,000 shares traded. 

The other four companies listed on the YSX are First Myanmar Investment Company, which closed at K12,500 apiece Tuesday, Myanmar Thilawa SEZ Holdings, which closed at K3,100 per share, Myanmar Citizens’ Bank at K8,800 per share and First Private Bank at K2,600 per share.

At those levels, the share prices of all the companies listed on the YSX, with the exception of MCB, have fallen below their IPO prices. 

(The Myanmar Times: https://www.mmtimes.com/news/tmh-list-ysx-trading-volumes-hit-all-time-low.html )

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