Overview of GMS Exchanges en - GMS Exchanges - Overview of GMS Exchanges

 

 Lao Securities Exchange (LSX)
 Cambodia Securities Exchange (CSX) 
 Hochiminh Stock Exchange (HOSE)
 Hanoi Stock Exchange (HNX)
 Yangon Stock Exchange (YSX)

 

 

Lao Securities Exchange (LSX) http://www.lsx.com.la
About LSX
  • Lao Securities Exchange (LSX) was officially launched on 10th October 2010 with the Bank of the Lao PDR (BOL) holding the share of 51% and Korea Exchange (KRX) holding the share of 49%.
     
  • The LSX is the first capital market in the Lao PDR which will attract the huge capital to develop the nation and raising the long-term funds to companies and also promoting the integrity of Lao financial market.
Regulators Lao Securities Commission Office (LSCO)
Products & Services Stock, Government Bond
Indices LSX Composite Index

Number of listed companies

11 Companies (as of April 2020)

  1. EDL-Generation Public Company (EDL-Gen)
  2. Banque pour le Commerce Exterieur Lao Public (BCEL)
  3. LAO World Public Company (LWPC)
  4. Petroleum Trading Lao Public Company (PTL)
  5. Souvanny Home Center Public Company (SVN)
  6. Phousy Construction and Development Public Company (PCD)
  7. Lao Cement Public Company (LCC)
  8. Mahathuen Leasing Public Company (MHTL)
  9. Lao Agrotech Public Company (LAT)
  10. Vientiane Center Lao Public Company (VCL)
  11. Lao ASEAN Leasing Public Company (LALCO)

More Information

Trading  Hours

08:30 to 15:00 hrs. (Without any intermission)

Number of members

3 Companies

  1. BCEL-KT Securities Company Limited
  2. Lanexang Securities Public Company
  3. Lao-China Securities Company Limited
Market Settlement Cycle T+2
Depository Lao PDR Securities Depository Center (LSDC)
Information for foreign investors

Taxation affecting foreign investors 

Individual Investor
Capital gain tax: No capital gain tax 
Dividends:  Tax exempt

Juristic Investor
Capital gain tax: No capital gain tax 
Dividends:  Tax exempt


To invest in Lao Securities Exchange via SET's members
 

 

KT ZMICO SECURITIES COMPANY LIMITED 
International Markets Department 
Telephone : +66 2 695 5959-60 | Fax : +66 2 695 5969
Email : Z-Inter@ktzmico.com
 

 

FINANSIA SYRUS SECURITIES PUBLIC COMPANY LIMITED 
Global Trading Department
Telephone: +66 2 625 2477-82
Fax: +66 2 625-2483
Email : gt@fnsyrus.com 
 

 

CAPITAL NOMURA SECURITIES PUBLIC COMPANY LIMITED
Overseas Investment Sales Department
Telephone : +66 2 081 2631-2, +66 2 638 5631-2‚Äč
Email : overseasinvestment.cns@th.nomura.com

 

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Cambodia Securities Exchange (CSX) http://www.csx.com.kh
About CSX Cambodia Securities Exchange (CSX) was officially launched in July 2011 with the Cambodian government holding 55% and Korea Exchange 45%, and stock trading started on April 18, 2012.
Regulators

Securities and Exchange Commission of Cambodia (SECC)

Products & Services
  • Stock (Main Board and Growth Board)
  • Corporate Bond
  • Collective Investment Fund (Coming Soon)
Indices CSX  Index
Number of listed companies

7 companies on main board (as of August 2020)

  • Phnom  Penh Water Supply Authority: PPWSA
  • Grand Twins International (Cambodia) Plc: GTI
  • Phnom Penh Autonomous Port: PPAP
  • Phnom Penh SEZ Plc: PPSP
  • Sihanoukville Autonomous Port: PAS
  • Acleda Bank Plc: ABC
  • Pestech (Cambodia) Plc: PEPC

More Information

Trading  Hours

08:00 to 15:00 hrs. (Without any intermission), efffective as of August 19, 2019

Order Placement
  • Via brokers who are CSX's members
  • Via Mobile Trading System (MTS) - an online trading platform allowing investors to manage their own orders and monitor the market closely. For more information on MTS, please go to http://csx.com.kh/data/mts/listPosts.do?MNCD=4060
Number of members

10 members (as of April 2020)

More Information
Market Settlement Cycle T+2

Depository

CSX Securities Depository Center
Information for foreign investors

Taxation affecting foreign investors 

Individual Investor
Capital gain tax: No capital gain tax.

Dividends: 14% withholding tax, but only 7% withholding tax remained after 50% reduction that is granted for 3 years counting from January 04, 2019.

Bond interest: 14% withholding tax, but only 7% withholding tax remained after 50% reduction that is granted for 3 years counting from January 04, 2019. 

 


Juristic Investor
Capital gain tax: No separate capital gain tax. Capital gains are treated as taxable income and subject to 20% profit tax. 

Dividends: 14% withholding tax, but only 7% withholding tax remained after 50% reduction that is granted for 3 years counting from January 04, 2019.

Bond interest: 14% withholding tax, but only 7% withholding tax remained after 50% reduction that is granted for 3 years counting from January 04, 2019.


To invest in Cambodia Securities Exchange via SET's members
 

 

FINANSIA SYRUS SECURITIES PUBLIC COMPANY LIMITED 
Global Trading Department
Telephone: +66 2 625 2477-82
Fax: +66 2 625-2483
Email : gt@fnsyrus.com 
 

 

THANACHART SECURITIES PUBLIC COMPANY LIMITED
Global Trading and Bond Dealer Department
Telephone: +66 2 217 8780-1, +66 2 217 8698
Email : globaltrading@thanachart.co.th

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Hochiminh Stock Exchange (HOSE) http://www.hsx.vn
About HOSE
  • The origin of the Hochiminh Stock Exchange goes back to July 2000 with the establishment of the Ho Chi Minh City Securities Trading Center on July 20, 2000. After 7 years, the government transferred the Ho Chi Minh City Securities Trading Center to Hochiminh Stock Exchange (HOSE) and it was officially launched on 8th August 2007.
     
  • HOSE introduced continuous order matching since 30th July 2007 and the introduction of online trading at the beginning of 2009.
Regulators

Ministry of Finance (MOF)
The State Securities Commission (SSC)

Products & Services

Stock, Corporate Bond, Municipal Bond, Fund Certificated, ETFs, Covered Warrants

Indices VN  Index
Number of listed companies

378 listed companies (as of December 2019)

More Information

Trading  Hours

Monday to Friday excluding public holidays.

For Listed Stock Market:
09.00 to 11.30 Hrs.& 13.00 to 15.00 Hrs

For Bond Market: 
8.30 to 11.00 Hrs.& 13.00 to 15.00 Hrs

Number of members

74 members (as of December 2019)

More Information
Market Settlement Cycle

T+2 basis for equities and fund certificates 
T+1 for bonds

Depository

Vietnam Securities Depository (VSD)
Information for foreign investors

Taxation and regulations affecting foreign investors 

Individual Investor
Capital gain tax: Gains from a capital assignment  and /or securities trading are subject to 0.1% tax on the gross sale 
Dividends:  5% withholding tax

Juristic Investor
Capital gain tax: Gains from a capital assignment  and /or securities trading are subject to 0.1% tax on the gross sale 
Dividends:  No tax for dividend of shares

Foreigners can buy up to 49% of listed stocks except banks. For banks the limit on foreign ownership is 30% with a maximum individual investor limit of 10%.

 

Hanoi Stock Exchange (HNX) http://hnx.vn
About HNX
  • The Hanoi Stock Exchange was established through the transformation and restructuring the Hanoi Securities Trading Center by a formal Decision of the Prime Minister of Vietnam in January 2009.
     
  • The Hanoi Stock Exchange operates as a State-owned single – member limited liability company. It has its own legal entity and seal as stipulated by the Securities Law, Enterprise Law and the Exchange's Charter, as well as related legal documents.

 

Regulators

Ministry of Finance (MOF)
The State Securities Commission (SSC)

Products & Services

Listed Stock; UPCoM* Stock; Government Bond, Municipal Bond, Government underwritten Bond, Corporate Bond; T-Bill, ETF (SSIAM-HNX30 since 29th Dec 2014), VN30 Future Contracts, G-Bond Future Contract

(*UPCoM = Unlisted Public Company Market)

Indices HNX FF Index (namely HNX Index); HNX 30 Index; HNX30 TRI Index; HNX (Large, Mid/Small) Index; HNX Finance Index; HNX Constructionn Index; HNX Manufacturing Index
UPCoM Index, UPCoMFF index
Number of listed companies

No. of listed companies in listed stock market: 
365companies (as of December 2019)

More Information


Number of registration companies in UPCoM Market:
875 companies (as of December 2019)

More Information

Trading  Hours

Monday to Friday excluding public holidays
 

For Listed Stock Market and UPCoM Stock Market:
09.00 to 11.30 Hrs.& 13.00 to 15.00 Hrs


For Bond Market: 
8.30 to 11.00 Hrs.& 13.00 to 14.15 Hrs.

Number of members

74 Members for Listed Stock Market
74 Members for UPCoM Market 
(as of December 2019)

More Information

Market Settlement Cycle

T+2 basis for equities (including UPCoM equities) 
T+1 for bonds

Depository Vietnam Securities Depository (VSD)
Information for foreign investors

Taxation and regulations affecting foreign investors

Individual Investor
Capital gain tax: Gains from a capital assignment  and /or securities trading are subject to 0.1% tax on the gross sale 
Dividends:  5% withholding tax

Juristic Investor
Capital gain tax: Gains from a capital assignment  and /or securities trading are subject to 0.1% tax on the gross sale 
Dividends:  No tax for dividend of shares

Foreigners can buy up to 49% of listed stocks except banks. For banks the limit on foreign ownership is 30% with a maximum individual investor limit of 10%.


To invest in Ho Chi Minh Stock Exchange and Hanoi Stock Exchange via SET's members
 


 

KT ZMICO SECURITIES COMPANY LIMITED
International Markets Department
Telephone: +66 2 695 5959-60| Fax: +66 2 695 5969 
Email : Z-Inter@ktzmico.com
 

 

FINANSIA SYRUS SECURITIES PUBLIC COMPANY LIMITED 
Global Trading Department
Telephone: +66 2 625 2477-82
Fax: +66 2 625-2483
Email : gt@fnsyrus.com 
 

  THANACHART SECURITIES PUBLIC COMPANY LIMITED
Global Trading and Bond Dealer Department
Telephone: +66 2 217 8780-1, +66 2 217 8698
Email : globaltrading@thanachart.co.th
 
  SCB SECURITIES COMPANY LIMITED
International Securities Department
Telephone: +662 9491225-6, +662 949 1231
Email: offshore@scb.co.th
 
 

MAYBANK KIM ENG SECURITIES (THAILAND) PUBLIC COMPANY LIITED 
Private Wealth Management Department
Tel: +662-658-6300 #1801  
Fax: +662-658-6881
Email: Ronaworn.S@maybank-ke.co.th

 

 

BUALUANG SECURITIES PUBLIC COMPANY LIMITED
Offshore Trading & TFEX Product department 
Telephone : 662-618-1999 Fax : 662-618-1995 
Email : globalinvest@bualuang.co.th

 

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Yangon Stock Exchange (YSX) https://ysx-mm.com/en/
About YSX
  • Yangon Stock Exchange (YSX) was officially launched on 9th December 2015 with the Myanmar Economic Bank holding the share of 51.00%, Daiwa Institute of Research holding 30.25% and Japan Exchange Group (JPX) holding the share of 18.75%.
     
  • The YSX started trading stock with the first listed company of FMI on 25th March 2016 and MTSH on 20th May 2016.
Regulators

Securities and Exchange Commission of Myanmar (SECM)

Products & Services

Stock

Indices Myanmar Stock Price Index (MYANPIX)
Number of listed companies

6 Companies (as of May 2020)

  1. First Myanmar Investment Co., Ltd.
  2. Myanmar Thilawa SEZ Holdings Public Ltd.
  3. Myanmar Citizens Bank Ltd.
  4. First Private Bank Ltd.
  5. TMH Telecom Public Co.,Ltd
  6. Ever Flow River Group Public Co.,Ltd. (EFR)

For more information

Trading  Hours

09:30 to 13:00 hrs.

YSX adopts periodic call auction mechanism, 7 matching a day (Since 26 March 2020)
Number of members

6 Companies (as of April 2020)

  1. Myanmar Securities Exchange Centre Co., Ltd.
  2. KBZ Stirling Coleman Securities Co., Ltd.
  3. CB Securities Ltd.
  4. AYA Trust Securities Co., Ltd.
  5. KTZ Ruby Hill Securities Co., Ltd.
  6. Amara Investment Securities Co.,Ltd

For more information

Market Settlement Cycle

T+3

Depository Yangon Stock Exchange
Information for foreign investors

Foreigners allowed to trade on YSX since March 20, 2020.

For more information


To ask for more information on investing in Yangon Stock Exchange via SET's members
 


 

KT ZMICO SECURITIES COMPANY LIMITED
International Markets Department
Telephone: +66 2 695 5959-60| Fax: +66 2 695 5969 
Email : Z-Inter@ktzmico.com
 

 

 

 

Disclaimer: 

The information concerning GMS Exchanges set out in this website are provided for preliminary information purpose only, and may not necessarily be reviewed by The Stock Exchange of Thailand. The Stock Exchange of Thailand can neither be held responsible for the use which may be made of the information contained therein, nor can it bear any responsibility with regard to the use of such information. Investors should consider the correctness of information published via official website of each of GMS Exchange.