Wow, more than 23% average growth pa in the next 17 years... No wonder Myanmar plays are like hot cakes...
Myanmar can grow economy fourfold by 2030: Report
BANGKOK — Blessed with natural resources, including significant gas reserves and precious gems, experts believe Myanmar has the potential to more than quadruple the size of its economy by 2030 if it manages to build infrastructure and maintain political stability.
The McKinsey Global Institute says Myanmar has the land, manpower and resources to expand its economy from US$45 billion in 2010 to more than US$200 billion (S$252 billion) by 2030.
http://www.todayonline.com/business/myan...030-report
(31-05-2013, 02:01 PM)CityFarmer Wrote: [ -> ]Wow, more than 23% average growth pa in the next 17 years... No wonder Myanmar plays are like hot cakes...
Myanmar can grow economy fourfold by 2030: Report
BANGKOK — Blessed with natural resources, including significant gas reserves and precious gems, experts believe Myanmar has the potential to more than quadruple the size of its economy by 2030 if it manages to build infrastructure and maintain political stability.
The McKinsey Global Institute says Myanmar has the land, manpower and resources to expand its economy from US$45 billion in 2010 to more than US$200 billion (S$252 billion) by 2030.
http://www.todayonline.com/business/myan...030-report
Growing too fast is not good for the people. Some groups will not be able to catch up, and end up very discontent.
(31-05-2013, 02:44 PM)NTL Wrote: [ -> ] (31-05-2013, 02:01 PM)CityFarmer Wrote: [ -> ]Wow, more than 23% average growth pa in the next 17 years... No wonder Myanmar plays are like hot cakes...
Myanmar can grow economy fourfold by 2030: Report
BANGKOK — Blessed with natural resources, including significant gas reserves and precious gems, experts believe Myanmar has the potential to more than quadruple the size of its economy by 2030 if it manages to build infrastructure and maintain political stability.
The McKinsey Global Institute says Myanmar has the land, manpower and resources to expand its economy from US$45 billion in 2010 to more than US$200 billion (S$252 billion) by 2030.
http://www.todayonline.com/business/myan...030-report
Growing too fast is not good for the people. Some groups will not be able to catch up, and end up very discontent.
The growth can never be doubted but the share of it cannot be clearly estimated - ie leakages through the usual corrupted channels.
Need not be too optimistic. I wouldn't take risks with any Myanmar plays as they are concepts that will remain overvalued for a long time coming.
GG
[img]Banks complain about QE3 to Fed [/img]
Look! Who as a group is complaining about QE3? Strange to me they are complaining? Isn't this group gain the most in QE3? Better hold tight! Fasten your safety-belt! Ready? Ready? The sudden downwards ride of Roller Coaster is next.
imo only.
(31-05-2013, 02:01 PM)CityFarmer Wrote: [ -> ]Wow, more than 23% average growth pa in the next 17 years... No wonder Myanmar plays are like hot cakes...
I would take such reports with a generous pinch of salt.
Sometimes, the conclusion is set even before the research begins - so the researchers simply look for the available information to justify the conclusion they desire. Call me a cynic.
Also, with the current bullish sentiment surrounding the "opening up" of Myanmar, it would seem foolishly contrarian to issue a bearish report on the country.
One last point - growth in an economy does not always translate to growth of all the companies within the country - i.e. growth is not always equal.
(01-06-2013, 12:19 PM)Musicwhiz Wrote: [ -> ] (31-05-2013, 02:01 PM)CityFarmer Wrote: [ -> ]Wow, more than 23% average growth pa in the next 17 years... No wonder Myanmar plays are like hot cakes...
I would take such reports with a generous pinch of salt.
Sometimes, the conclusion is set even before the research begins - so the researchers simply look for the available information to justify the conclusion they desire. Call me a cynic.
Also, with the current bullish sentiment surrounding the "opening up" of Myanmar, it would seem foolishly contrarian to issue a bearish report on the country.
One last point - growth in an economy does not always translate to growth of all the companies within the country - i.e. growth is not always equal.
Yes, agree.
That the reason not vested on any Myanmar play so far, at least not yet...
Considering the extremely tiny starting base , GDP quadrupling by 2030 would not be such an improbable outcome... the problem is: how can the retail investor profit from this ? Apparently , in no way
http://vninvestment.wordpress.com/2012/0...-problems/
(31-05-2013, 02:01 PM)CityFarmer Wrote: [ -> ]Wow, more than 23% average growth pa in the next 17 years...
Quadrupling in 4 years means an yearly growth of 8.5% , not 23%
1.085 elevated at 17 = 4
(01-06-2013, 04:13 PM)Gaudente Wrote: [ -> ]Considering the extremely tiny starting base , GDP quadrupling by 2030 would not be such an improbable outcome... the problem is: how can the retail investor profit from this ? Apparently , in no way
http://vninvestment.wordpress.com/2012/0...-problems/
Well, i recalled that emerging market expert, Mark Mobius's opinion on ways to access emerging market
- "Proxies" of Myanmar's companies in SGX e.g. Yoma. The key to success is to pick the right one
- Mutual fund on emerging market, with sizable weight on Myanmar. I am not sure it is available since i don't invest in mutual fund.
- Yangon Stock Exchange should be ready by end of 2015, so direct investment into Myanmar company will be available soon...
- If direct investment is too risky then, probably ETF of Yangon Stock Exchange is an alternative.
So no hurry, more options available with time goes by...
(01-06-2013, 04:13 PM)Gaudente Wrote: [ -> ] (31-05-2013, 02:01 PM)CityFarmer Wrote: [ -> ]Wow, more than 23% average growth pa in the next 17 years...
Quadrupling in 4 years means an yearly growth of 8.5% , not 23%
1.085 elevated at 17 = 4
Yes,
compounded growth rate is 8.5%, and
average growth rate is 23%
(01-06-2013, 08:49 PM)CityFarmer Wrote: [ -> ] (01-06-2013, 04:13 PM)Gaudente Wrote: [ -> ]Considering the extremely tiny starting base , GDP quadrupling by 2030 would not be such an improbable outcome... the problem is: how can the retail investor profit from this ? Apparently , in no way
http://vninvestment.wordpress.com/2012/0...-problems/
Well, i recalled that emerging market expert, Mark Mobius's opinion on ways to access emerging market
- "Proxies" of Myanmar's companies in SGX e.g. Yoma. The key to success is to pick the right one
- Mutual fund on emerging market, with sizable weight on Myanmar. I am not sure it is available since i don't invest in mutual fund.
- Yangon Stock Exchange should be ready by end of 2015, so direct investment into Myanmar company will be available soon...
- If direct investment is too risky then, probably ETF of Yangon Stock Exchange is an alternative.
So no hurry, more options available with time goes by...
I think you had answered your question regarding mutual fund. If they don't have an exchange, how do a mutual fund able to invest in Myanmar? Unless through proxy such as Yoma?
(01-06-2013, 09:09 PM)NTL Wrote: [ -> ] (01-06-2013, 08:49 PM)CityFarmer Wrote: [ -> ] (01-06-2013, 04:13 PM)Gaudente Wrote: [ -> ]Considering the extremely tiny starting base , GDP quadrupling by 2030 would not be such an improbable outcome... the problem is: how can the retail investor profit from this ? Apparently , in no way
http://vninvestment.wordpress.com/2012/0...-problems/
Well, i recalled that emerging market expert, Mark Mobius's opinion on ways to access emerging market
- "Proxies" of Myanmar's companies in SGX e.g. Yoma. The key to success is to pick the right one
- Mutual fund on emerging market, with sizable weight on Myanmar. I am not sure it is available since i don't invest in mutual fund.
- Yangon Stock Exchange should be ready by end of 2015, so direct investment into Myanmar company will be available soon...
- If direct investment is too risky then, probably ETF of Yangon Stock Exchange is an alternative.
So no hurry, more options available with time goes by...
I think you had answered your question regarding mutual fund. If they don't have an exchange, how do a mutual fund able to invest in Myanmar? Unless through proxy such as Yoma?
Well, private companies are also invest-able. Yoma did it, and there is no reason mutual fund can't do it
IIRC, Mark Mobius is doing the same for emerging markets, and some are without stock exchange.