Tuesday, October 8, 2013

Myanmar

Myanmar: SGX introduced 20 listed companies that are operating, or have publicly announced their intention to conduct business in Myanmar, the country with a vast 60m population and the abundance of untapped natural resources. Detailed info could be found at http://www.sgx.com/wps/wcm/connect/sgx_en/home/newsflash/mu_07102013_1 The GDP of Myanmar grew 6.5% to US$55b for FYMar13 attributed mainly to gas production, construction and services. According to IMF, real GDP is forecasted to grow 6.8% for FY14. 3 counters which reported more than 30% of revenues from Myanmar are Yoma, Interra Resources and Ntegrator. Others with varying degrees of business in the country include Super Group, Del Monte Pacific and Parkson Retail Asia.

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