Laos, Cambodia set for more listings

Private companies and state enterprises are expected to raise large amounts of funds via the stock exchanges in Thailand, Laos and Cambodia over the next several years. More private firms will list on the Cambodian and Laotian bourses next year, their executives told media yesterday at the “Thailand Focus 2012” conference in Bangkok. Hong Sok Hour, chief executive officer of the Cambodia Securities Exchange, said yesterday that there was currently only one listed firm on the bourse, with market capitalisation of US$140 million (Bt4.4 billion), but five more were expected to list next year. Three of those firms are state enterprises – two port facilitators and one telecom.