Cambodia's Jan exports to China tops $120M

CSX Index

Stock Performance

Valuation Ratios

Trading Summary

Historical Issuance Summary

Stock Market

CSX index sees slight decline with main board fluctuations On February 29, 2024, the CSX index concluded at 463.1 points, marking a slight 0.06% decrease from the previous day. Notable fluctuations were observed across the main board. GTI (+0.36%) showed gains, while MJQE (-0.48%), PPSP (-0.46%), PPAP (-0.43%), PEPC (-0.36%), and PAS (-0.16%) experienced declines. However, PWSA, ABC, and CGSM maintained their opening prices. On the growth board, DBDE declined by 0.46%, whereas JSL rose by 1.27%. The day's trading activity involved 26,987 shares, with a cumulative trading value reaching KHR 169 million. (Source: YSC Research)

Economy and Industry

Cambodia's Jan exports to China tops $120M In January 2024, Cambodia achieved over $120 million in exports to China, representing a remarkable 50% surge compared to January 2023. The General Department of Customs and Excise (GDCE) reports that China remains Cambodia's largest import-export partner, with bilateral trade reaching $1.15 billion in January - a substantial 18.7% increase from the previous year's $972.74 million. Cambodia's exports to China reached $121.73 million, while imports were valued at $1.03 billion. Despite a trade deficit of $911.16 million for the month (up from $810.52 million in the same period of 2023), strong diplomatic relations and reliance on China as a major supplier have fueled consistent trade growth. The Cambodia-China Free Trade Agreement (CCFTA) and the Regional Comprehensive Economic Partnership (RCEP) have facilitated this expansion, particularly benefiting Cambodian agricultural products. Notably, most Chinese exports to Cambodia consist of raw materials or semi-finished goods, which are further processed for export to international markets. (Source: Khmer Times)

Bilateral trade with Thailand nearly $342M In January 2024, bilateral trade between Cambodia and Thailand reached $341.8 million, showing a slight 0.2% increase compared to the same period last year. Imports from Thailand were valued at $236.93 million, rising by 1.5%, while exports stood at $104.87 million, experiencing a 2.7% decrease. Cambodia's trade deficit for January was approximately $132.06 million, up from $125.58 million in January 2023. Thailand ranks as Cambodia's fourth-largest international trading partner, trailing behind China, Vietnam, and the US. Trade between the two countries primarily involves natural resources and unprocessed agricultural products from Cambodia, while Thailand imports items such as food, daily necessities, agricultural machinery, vehicles, chemical fertilizers, and construction materials. (Source: Phnom Penh Post)

MOU signed to enhance sustainable agriculture In a groundbreaking move, Wing Bank, WingCommerce, Amru Rice, and the Cambodian Agriculture Cooperative Corporation Plc (CACC) have joined forces through a memorandum of understanding (MoU) to enhance rice production and promote sustainable agriculture in the Kingdom. The MoU was signed during the 4th Sustainable Agriculture Summit in Phnom Penh on February 28, 2024. This transformative partnership leverages technology, specifically the Wingagri platform, to empower stakeholders in the agriculture sector. Amru Rice and CACC, along with their farmer members, can now expand their market reach nationwide and secure up to 100 million riel from Wing Bank to boost farming production - all without collateral. This collaboration represents more than business - it's a commitment to Cambodia's dedication to advancing sustainable agriculture and ensuring the prosperity of Cambodia's farmer. (Source: Phnom Penh Post)

Corporate News

RRC to increase investment on northern railroad line project Royal Railway of Cambodia (RRC) has revealed plans for additional investment to enhance the northern railroad line, which is currently out of service. In a meeting with officials from the Ministry of Public Works and Transport, RRC's representatives, led by CEO John Guir, presented a business plan. RRC, a subsidiary of the domestic conglomerate Royal Group, manages Cambodia's railway network. The meeting aimed to discuss the Royal Group's investment project for upgrading the Northern Railway (Phnom Penh-Poipet). The proposal will undergo ministry approval. While details from H.E. Vasim Sorya, the ministry's Under-Secretary of State, are pending, the focus includes repairing and improving railroad track, bridges, stations, and crossings. Additionally, discussions covered international passenger and freight services between Cambodia and Thailand. Royal Railway remains the sole concession company providing train services in the country. (Source: Khmer Times)

Main Board

Growth Board