Monday, 10 January 2011

Laos stock exchange goes live

Two stocks are listing on the new laos stock exhange that opened this year. Banque Pour Le Commerce Extereiur Lao, or BCEL, and, EDL-Generation Co both offer interesting exposure. More state-controlled businesses could be listed within a few years, and the market could end up with 10 or 15 companies listed.

When Laos is analysed by frontier funds like Silk Invest's "Silk Road Frontiers Fund", it is largely because of its potential as a major exporter of hydropower in an energy-hungry region. Thailand, Vietnam and China are growing power demand rapidly, and Laos, with its network of fast-flowing rivers, is viewed as a "hydropower play".

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