Investing in Myanmar

CO-OPERATIVE BANK LTD

SINCE 1992
About CB Securities
Wholly Owned Subsidiary of CB Bank, third largest bank in Myanmar by
Assets

Established in 2015 for development of modern capital markets in Myanmar

One of first firms to receive underwriting license from SEC Myanmar

Unparalleled local knowledge and network

SERVICES FOR CORPORATES

Unique
Corporate Advisory Restructuring Advisory
business
model caters
to financing
needs of full Merger and Acquisition
Pre-IPO Financing
business Advisory
cycle
OTC or YSX Advisory and
IPO Underwriting
Book running
What CBSC Offers to Foreign Investors

Merger and Acquisition Advisory

 Identifying and suggesting most suitable local partners
 Primary and Secondary Research
 Valuation
 Due Diligence
 Risk Management
 Regulatory documentation
 Co-investors sourcing
 Negotiation
 Implementation
CBSC Portfolio
SEZ Holding Company (YSX listing)

Large Scale Commercial Real Estate Development (public offering)

Consumer Electronic Manufacturer (valuation, acquisition advisory)

Coffee producer (corporate restructuring and investor sourcing)

Microfinance company ( recapitalization advisory)

Cable Car Project ( Investor Sourcing)

IT Distribution company (merger advisory)

Piling and Earthquake resistance construction company (merger advisory)

Thilawa SEZ – A Japanese Investment

June 2016
TOTAL MARKET
CAP Myanmar
Ks 155.72 Thilawa
Billion
SEZ
Holdings
SHARE PRICE Public
Ks 40,000
Limited
YSX LISTING OF (MTSH)
3,892,915
Recent Over-The-Counter share Issuance
Myanmar - The Final Frontier of Asia

65 95% adult
Billion literacy
rate
$ GDP

1204$
54 millions
people per
capita
7.1%
647,578 annum
medium
km2 term
growth
Source: Myanmar.travel
What Myanmar Offers
Daily Minimum Wage in US$
• Proximity to most populated countries $10.00

$9.00
• Vast fertile land and abundant natural resources $8.00

$7.00
• 1930 km long uninterrupted coastline $6.00

$5.00
• Large educated workforce $4.00

$3.00
• Average monthly salary in Japanese Factories in
$2.00

Bangkok 338$, 140$ in Vientiane and 124$ in Yangon $1.00

$0.00
Thailand Vietnam Laos Myanmar
Investments by countries
FDI in Myanmar by Countries

China – US$ 19.4 billion - 1st

23%
Singapore – US$ 18.6 billion - 2nd 26%

China

Thailand – US$ 11 billion - 3rd Singapore

1% Thailand
Hong Kong
Hong Kong – US$ 7.8 billion - 4th 10% Japan
Other

Japan – US$ 717 million - 11th

25%
15%
Priority Investment Promotion Sectors
Labour intensive Agro-based Infrastructure
industries industries projects

• Garment • Contract farming • Transportation

• Tourism & • Equipment • Energy
Hospitality manufacturing • Construction

• Food processing
Businesses in Myanmar
Numbers of Companies Registered
Each Year
• 83% of companies are family owned businesses (World
8000
Bank Group)
7800
• CBSC visits promising 5- 8 businesses per month
across industries to build our own market database 7600
and assess investment readiness
7400
• Many of them looking for investment and strategic
partners – but majority prefers partners who will 7200

also bring technical know-how

7000

6800

6600
2013 - 2014 2014 - 2015 2015 - 2016 2016 -2017 (till Nov)

*Total Numbers of Companies 59,697 ( Nov- 2017)

Myanmar Economy Outlook
 Continuing high Growth

 More FDI Accommodating legal and regulatory

reforms

 Slow but steady infrastructure improvements

 Good handling of Budget deficit by Government

( under 5% of GDP)

 Transparency and CSR on the rise ( MCRB report )

Japan’s Continued Confidence in Myanmar

Source : JETRO
Invitation
• Japan and Myanmar has great chemistry and great
relationship

• Japanese Goods enjoys high consumer confidence in

Myanmar

• Myanmar has raw materials but lacks the technology know-

hows to produce high value goods

• Thilawa SEZ, the most successful SEZ in Myanmar, a

Japanese experiment and Investment

• Myanmar comparable to Vietnam 10 years ago

• We invite Japanese businesses to invest in Myanmar – the

last frontier of Asia
 Key Personnel
• U Thaung Han (Managing Director)
thaunghan@cbsecurities.com.mm
Mr. Thaung Han is a member of management committee at CB Bank. He oversees both CB Securities and CB Insurance. He has a strong
background in corporate strategy, banking and finance in the local market. He holds an MBA from Jianan University and a B.Eng. (Mechanical
Engineering) from Rangoon Institute of Technology. He is also the secretary of Myanmar Insurance Association and the joint secretary of
Myanmar Pulses, Beans & Sesame Seeds Merchant Association.

• Mr. Toh Kai Leong (Head of Corporate Banking)

Toh Kai Leong joined CB Bank since Mar, 2015 bringing with him 35 years of experience working in commercial and wholesale banking in the
areas of corporate lending, project financing and syndications as arrangers and facility agency. He has also worked in investment banking
dealing with securities, capital markets; share margin financing and private banking. Prior to joining, he was the Regional Credit Risk Manager
in OCBC’s private banking, Singapore and before that as Managing Director and Head of Corporate Banking in ING Bank, the largest Dutch
Bank. Mr. Toh graduated from the National University of Singapore with a degree in Business Administration.
 Key Personnel
• Terence Chin Hung Lo (Senior Vice President - IPO & Advisory, Deputy Head of Corporate Banking)
Terence specialize in IPO and Merger & Acquisition in CB securities and is also managing the corporate banking team for CB bank. Before CB, he
was in Myanmar Tourism bank as an advisor in corporate finance and advisory. Terence has a 8 years investment and corporate advisory career
in Citigroup located in New York, United States and Hong Kong, China. He has master degrees from Columbia University and Carnegie Mellon
University in United States, and is also a Chartered Alternative Investment Analyst (CAIA) certified by Chartered Financial Analyst (CFA) institute.

• Nang Hnin Shwe Yee Htoo (Equity and Market Research)

Nang has expertise in conducting both primary and secondary research. After receiving her Master Degree of Business Administration (MBA) from
Yangon Institute of Economic (YIE), she joined MMRD as Research Executive and was responsible for conducting different kinds of business and
industrial research through analysis, interpretation of research findings and writing industrial syndicated reports. Before joining CB Securities, she
assisted Research Director in engaging client relations, project management and general management and acted as a focus group Moderator in
some qualitative projects. She has also volunteered as an organizer for Myanmar Marketing Services Association (MMSA) Seminars and
ESOMAR trainings which are aiming not only to share knowledge, expertise and in-depth understanding of the Myanmar markets and its
consumers.
 CO-OPERATIVE BANK LTD
SINCE 1992

CONTACT
#03-04, Union Financial Center, Corner of
Mahabandoola Road & Theinphyu Road,
Yangon, Myanmar
Tel: +95 1 8610309-13, 8610331-35
Email: contact@cbsecurities.com.mm
Fax: +95 1 8610330
THANK YOU