Equity Report

PPAP 1Q24 Review: Net Profit Falls despite Traffic Rebounding

In 1Q24, PPAP reported a surge in port activities as the total container throughputs increased by 20.4% YoY to 93,153 TEUs. Despite the robust throughputs increase, container shipment ...

03rd July 2024

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Equity Report

PPWSA 1Q24 Review: Robust Revenue Growth leads to 35.6% Net Profit Increase

As of the end of 1Q24, total water subscription reached 485,755 connections, an increase of 5.8% YoY. Household clients made up 79.8% of water subscribers, with 387,600 connections. Additionally, ...

03rd July 2024

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Equity Report

ABC 1Q24 Review: Quarterly earnings drop to USD 26.6mn yet NPL ratio decreases for first time since 1Q22

As of 1Q24, the number of loan accounts reached 670,720, an increase of 63,591 accounts or 10.5% YoY. Gross loan rose moderately by 2.3% YoY, totaling ...

03rd July 2024

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Equity Report

PPAP 4Q23 Review: Net Profit Plunges 34% YoY

In 4Q23, container throughput slightly increased 2.9% YoY to 91,186 twenty-foot equivalent units (TEUs). On the other hand, the total volume of the containers decreased by ...

26th March 2024

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Equity Report

ABC 4Q23 Review: Bottom Line Declines on High Credit and Funding Costs

At the end of 4Q23, the number of loan accounts reached 661,941, up 11.9% YoY. Gross loan portfolio saw a slight uptick of 3.7% YoY, totaling USD 6,657.3mn at the end of 2023, mainly driven by 5.0% YoY growth ...

26th March 2024

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Equity Report

PPWSA 4Q23 Review: Strong Recovery and Resilience in Challenging Times

In 4Q23, total water subscription reached 478,141 connections, an increase of 2.4% compared to the previous quarter, and 5.9% compared to the same period last year. Of the total subscriptions, household clients account for 381,752 ...

26th March 2024

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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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