Lao World still active in stock market
Lao World still active in stock market
Lao World Public Company is still active in the Lao Securities Exchange (LSX) despite the price of its shares remaining unchanged at 9,500 kip per share over the past few months, according to a top market official.
LSX Chairman and CEO Associate Professor Dethphouvang Moularat told Vientiane Times last week that Lao World Public Company, one of the three firms listed on the stock market still continues to comply with market regulations as normal.
“The company still provides its report on business performance via the market,” he told Vientiane Times amid rising questions why the price of Lao World's shares have remained unchanged at 9,500 kip per share over the past several months.
Information access is one of the main requirements, which investors need before making the decision to buy or sell shares of any company on any stock market.
Normally if investors obtain information that a company is achievi ng bigger profits and has a bright business future, they will purchase shares in the company, which in turn can cause the price of the stock to increase. If investors believe the company is performing below expectations or have concerns about its future, they will sell shares of the company, causing the price of the stock to drop.
Stock experts assum ed one of the main reasons, as to why the Lao World share price has remained unchanged at 9,500 kip, was due to shareholders not wanting to sell them at lower prices.
Lao World Company has invested in construction of a shopping mall in front of Lao- ITECC. The company also plans to invest in construction of Thongkhankham market, which is expected to be completed over next few years.
The experts said the price of Lao World shares may see some change once construction of their markets in Vientiane is completed.
Lao World Public was the third company to list on the Lao stock market at the end of 2013.
The company, which currently runs goods exhibitions, convention halls and entertainment businesses, has raised US$5 million from selling 10 percent of its 39.6 million shares to local and foreign investors. The company planned to use the money raised to expand its businesses especially the construction of shopping malls in Vientiane.
Lao World Public Company Chairman and CEO Mr Sackchai Wongmalasith said at a ceremony to list on the stock market that the company had made a strong commitment to run the businesses professionally and transparently so all shareholders of the company know that their operations are accountable.
vientiane times
