Listing brings few benefits for construction sector for now
There is only one listed construction-related firm on the Yangon Stock Exchange at the moment. Joining the YSX will not boost the construction companies to raise capital for real estate projects in the short term. KBZ Bank deputy managing director U Bo Bo Wai Maung said that local construction companies should consider joining the YSX in order to access more investments for the property sector. “In other countries, construction companies are listed on the stock exchange. That boosts investments and helps develop the construction sector. Local businesses should follow suit and join the YSX as listed companies,” he said at a Myanmar financial outlook seminar on February 5. The seminar was held by the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry and was attended by former deputy minister of finance U Maung Maung Thein, who also served as chair of the Securities and Exchange Commission for the former administration, and the spokespersons from three local banks.
