Industry Report

Research Paper: Non-Performing Loans and Commercial Bank Profitability: Evidence from Cambodia

This study looks at the macroeconomic and bank-specific factors that affect non-performing loans and how they affect Cambodian banks' profitability. The study uses panel data with a sample of 35 commercial banks in Cambodia from 2017 to 2022 given an observation of 210.

04th September 2023

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Equity Report

PPAP's 1Q23 review: Revenue and profit plunge on trade decline

In 1Q23, the port operator faced significant challenges as total container throughputs dropped by 24.7% YoY to 77,341 TEUs. Container shipments (in tons) decreased by 15% compared to the previous quarter and 6% compared ...

30th August 2023

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Industry Report

Industry Report 2023: Is Cambodian Banking Sector Highly Oversaturated?

The Cambodian banking industry is facing increasing systemic risks due to the looming economic uncertainty and rising non-performing loans (NPLs). Key indicators, such as Total Credit (% of GDP), Credit Non-financial (% of GDP), and Domestic Credit to Private Sector (% of GDP) are recorded at 195%, 188%, and 177%, respectively, as of the end of 2022..

07th August 2023

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Equity Report

ABC's 2022 Review: Robust growth year despite headwind

Both deposits and loans experienced rapid growth in 2022. The total number of loan accounts increased by 9.3% YoY, and the gross loan portfolio increased by 18.3% YoY to USD 6,422mn, slightly above ...

29th June 2023

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Equity Report

PPWSA 1Q23 Review: Core revenue growth continues to be resilient

Water subscriptions increased 4.8% YoY to 458,909 connections at the end of 1Q23. Household clients make up the vast majority of water subscribers, with 366,997 connections, or 80.0% of the total connections. Commercial and industrial clients account for 85,180 connections or 18.6% of the total, while the remaining ...

22nd May 2023

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Equity Report

PPWSA 2022 Review: Bottom line declines despite solid growth of water sales

• At the end of 2022, there were 451,554 connections, a rise of 4.7% from the end of 2021. Household customers make up 360,948 connections, or 79.9%, of the total subscriptions, while commercial and industrial customers make up 83,874 connections or ...

18th May 2023

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Equity Report

PPAP's 2022 Review: A positive year with strong profitability

Container throughputs reached 417,412 TEUs in 2022, up 20% YoY. Imports of raw materials for garments represented 10% of total imports, rising 15% compared to 2021. Garment exports accounted for 74% of all exports, increasing 17.58% YoY, which contributed to the increase in container throughputs...

27th April 2023

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Equity Report

PPWSA's 3Q22 review: water sales continue to see solid growth

Water subscription reached 447,679 connections at the end of 3Q22, an increase of 1.2% compared to the end of 2Q22, and 5.2% compared to 3Q21. Of the total subscriptions, household clients account for 358,770 connections, or 80.1%, while commercial and industrial clients account for 82,193 connections or 18.4%, with the other 6,716 connections being subscriptions from government institutions, autonomous state authorities, private water distributors, and others....

18th January 2023

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Equity Report

PPAP's 3Q21 review: revenue surges on rising export shipments

In 3Q21, container throughputs reached a record high of 109,124 TEUs, an increase of 27.4% compared to the same period last year. The increase in container throughputs can be attributed to the robust growth in export activities handled at PPAP, with container shipment for export surging 30.3% YoY to 248,044 tons...

30th November 2021

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Industry Report

Industry Report 2021: Healthcare Services Sector in Cambodia

The demand for private health services has continued to rise in tandem with the rapid economic growth, showing promising signs for investment into the private sector. The report is aimed at offering a glimpse on the overall healthcare system in Cambodia, highlighting the key investment points and opportunities that potential investors should consider...

14th May 2021

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