Thilawa share price rises by 66 per cent

5 ตุลาคม 2557

The price of Thilawa SEZ shares had risen by 66.7 per cent to Ks 15,000 (US$15) apiece, as of October 1.

Myanmar Thilawa SEZ Holding Public Ltd (MTSH) made an initial public offering a few months ago to raise Ks 21 billion ($21 million) at Ks 10,000 per share.

It recently launched an “over-the-counter” centre for trading its shares but this is only for buyers and sellers and does not influence the price of shares.

An official from the over-the-counter centre said: “If anyone wants to buy shares, he or she must specify how many shares they want and at what price. Only if buyers and sellers agree on the price does a deal take place.”

Buyers mainly purchase shares in view of share appreciation or the profit they make from trading shares, rather than the dividends, he said.

There are certain charges incurred in share transactions such as registration fees and stamp tax, he added.

Meanwhile, Thet Tun Oo, deputy director of the Myanmar Securities Exchange Centre, which deals in government bonds and is currently working on a capital market for the country, said the MTSH’s over-the-counter centre for share trading was not legitimate, according to the Securities Exchange Law.