Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

Equity Capital Markets

On the 30th August 2017, the Board of <a href="https://www.smartkarma.com/entities/5206" target="_blank" data-smartkarma-citation="entities:5206:1">Singapore Myanmar Investco Ltd (SMI SP)</a> announced that the company has entered a share placement through CLSA that will issue up to 15,411,600 new shares at S$0.48 each. The price represents 8.47% discount to the volume weighted average price of S$0.5244 on the SGX-ST on 30th August 2017. The new issue represents 5% additional shares to the existing 265 million shares. The net proceeds to be raised will be used for the following:<table class="table table-striped"><tbody>
<tr>
<td>Activities</td>
<td>Amount</td>
</tr>
<tr>
<td>Construction</td>
</tr>
</tbody></table>…

On the 30th August 2017, the Board of Singapore Myanmar Investco Ltd (SMI SP) announced that the company has entered a share placement through CLSA that will issue up to 15,411,600 new shares at S$0.48 each. The price represents 8.47% discount to the volume weighted average price of S$0.5244 on the SGX-ST on 30th August 2017. The new issue represents 5% additional shares to the existing 265 million shares. The net proceeds to be raised will be used for the following:

Activities
Amount


Construction

…

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/5206" target="_blank" data-smartkarma-citation="entities:5206:1">Singapore Myanmar Investco Ltd (SMI SP)</a> has 5 main business units (tourism, heavy machinery, car rental, telecommunication, and storage) that fulfill at least one of the following criteria; leadership position, early-mover advantage, and monopoly position. Despite the small market capitalization, the company boasts market leadership and monopoly in the business areas they operate combined with a highly adequate management team with previous experience that is transportable to the current SMI business. An hour spent on face to face meeting with the CEO has shed more lights on how the company operates its various business units and its market position in Myanmar. Some of the internationally acclaimed names SMI has managed to bring to Myanmar include Crystal Jade, Ramen Ippudo, Sany Heavy, EuropCar and Duty-Free Shop.

Singapore Myanmar Investco Ltd (SMI SP) has 5 main business units (tourism, heavy machinery, car rental, telecommunication, and storage) that fulfill at least one of the following criteria; leadership position, early-mover advantage, and monopoly position. Despite the small market capitalization, the company boasts market leadership and monopoly in the business areas they operate combined with a highly adequate management team with previous experience that is transportable to the current SMI business. An hour spent on face to face meeting with the CEO has shed more lights on how the company operates its various business units and its market position in Myanmar. Some of the internationally acclaimed names SMI has managed to bring to Myanmar include Crystal Jade, Ramen Ippudo, Sany Heavy, EuropCar and Duty-Free Shop. 

Want to Make Money in Myanmar? Visit Sing-Myanmar Please...

Independent Asian Credit Research, Bondcritic

Warut Promboon

Independent Asian Credit Research

Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

Credit

Our last week's visit to Yangon and its vicinity left us with an overall good impression. Myanmar is an acquired taste, in our view but, with a proper due diligence, we believe the government's willingness to improve the economy and stabilised political environment has given a signal for investors to enter the market. The investment channel is, however, limited to direct equity investments and equity investments through Yangon Stock Exchange's limited listing and investment companies listed in Singapore and London. This is the first of our Myanmar Pre-IPO series that we will next drill down into numbers and projections.

Our last week's visit to Yangon and its vicinity left us with an overall good impression. Myanmar is an acquired taste, in our view but, with a proper due diligence, we believe the government's willingness to improve the economy and stabilised political environment has given a signal for investors to enter the market. The investment channel is, however, limited to direct equity investments and equity investments through Yangon Stock Exchange's limited listing and investment companies listed in Singapore and London. This is the first of our Myanmar Pre-IPO series that we will next drill down into numbers and projections.

Asian Frontier Monitor: Myanmar - The Leapfrog Travelogue

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Mark Bedingham is driven by an insatiable curiosity.
The Malaysian-born Briton and Chief Executive Officer of SGX-listed Singapore Myanmar Investco Ltd (SMI) finds exploring the unfamiliar totally exhilarating.
"I'm not a person of routine, so I need constant disruption. And I don't want to lose that sense of discovery. So far, it seems it hasn't deserted me either," he grinned.
Bedingham, who spent his entire career - more than four decades - working in Asia Pacific, describes his passion for the region as a subconscious association resulting from the first seven years of his life in Malaysia.

Mark Bedingham is driven by an insatiable curiosity.
The Malaysian-born Briton and Chief Executive Officer of SGX-listed Singapore Myanmar Investco Ltd (SMI) finds exploring the unfamiliar totally exhilarating.
"I'm not a person of routine, so I need constant disruption. And I don't want to lose that sense of discovery. So far, it seems it hasn't deserted me either," he grinned.
Bedingham, who spent his entire career - more than four decades - working in Asia Pacific, describes his passion for the region as a subconscious association resulting from the first seven years of his life in Malaysia.

Singapore Myanmar Investco Taps Frontier Market Growth

Singapore

SMI Vantage is an investment and management company with diversified business segments including travel retail, food and beverage, logistics, and digital mining. The company provides specialized logistics for alcoholic beverages, distributes F&B and retail products, and is involved in cryptocurrency self-mining and technology-based SaaS services. SMI Vantage Limited was founded in 1986 and is headquartered in Singapore.

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SMI Vantage (SMI SP)

Singapore Myanmar InvestCo - Placement

On the 30th August 2017, the Board of Singapore Myanmar Investco Ltd (SMI SP) announced that the company has entered a share placement through CLSA...

Henry Soediarko

Want to Make Money in Myanmar? Visit Sing-Myanmar Please...

Singapore Myanmar Investco Ltd (SMI SP) has 5 main business units (tourism, heavy machinery, car rental, telecommunication, and storage) that...

Henry Soediarko

Asian Frontier Monitor: Myanmar - The Leapfrog Travelogue

Our last week's visit to Yangon and its vicinity left us with an overall good impression. Myanmar is an acquired taste, in our view but, with a...

Bondcritic

Singapore Myanmar Investco Taps Frontier Market Growth

Mark Bedingham is driven by an insatiable curiosity. The Malaysian-born Briton and Chief Executive Officer of SGX-listed Singapore Myanmar Investco...

Singapore Exchange Ltd (SGX)

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52-week Range

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