Now, before readers start to get the wrong idea let me explain this email contains one of the first bits of equity research on a company based in Myanmar, which has been emerging from five decades of military dictatorship.
In fact, Harriet Agnew over at the Financial Times wrote a piece a few weeks ago on the business - MySQUAR, Myanmar's only social media platform - and its plans to raise $2.5 million by floating on London's AIM market. Here is a link to Harriet's excellent piece:
Anyway, this note has been written by Beaufort Securities, broker to MySQUAR, as part of the IPO roadshow, which is expected to start next week, according to my source.
The note is interesting but rather long, so I have pasted the summary below: