Yuanta Securities (Cambodia) Plc

Yuanta Reports

Exports of GFT see sharp decline during Jul-Oct period

Cambodia's export of garments, footwear and travel goods (GFT) declined sharply during the last four months, wiping out the growth made in the first half of the year, according to GFT industry insiders. Ken Loo, secretary general of the Textile, Apparel, Footwear & Travel Goods Association in Cambodia, said that the exports during Jul-Oct period of this year came down by about 15% due to the drop in demand across the world. Loo said the decline in demand could continue till the first six months of next year, adding that Cambodia would have to work hard to remain competitive.

13th December 2022

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Exports of GFT see sharp decline during Jul-Oct period

13th December 2022

CSX index posts weekly gain of 0.42%

The CSX index rose for the third day straight, up 0.14% from the previous close to 474.21pts, posting a weekly gain of 0.42%. PPSP shares saw the biggest weekly gain, rising 0.8% from last Friday to end at KHR2,280. This is followed by ABC, which gained 0.6% over the week to finish at KHR10,580. Meanwhile, PPWSA and PAS shares edged up 0.3% from last Friday to KHR7,460 and KHR13,000, respectively. GTI shares posted a weekly loss of 1.0%, ending at KHR3,770, while PPAP closed the week 0.3% lower to KHR13,940.

09th December 2022

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CSX index posts weekly gain of 0.42%

09th December 2022

Cambodian GDP is on 4.8% growth path in 2022

Cambodia's GDP is on the growth path of 4.8% in 2022 as the post-pandemic recovery expands, according to the World Bank's Cambodia Economic Update for Dec 2022. The economy is recovering well, but global headwinds could pose risks to a positive outlook in months to come, the report says. Cambodia's garment industry, travel goods and footwear exports have been resilient. The services sector, especially travel and tourism, has done well with total international visitor arrivals reaching 1.2 million in the first nine months of the year. Business and consumer confidence have risen and both domestic and foreign investment have increased. Economic growth is projected to accelerate further to 5.2% in 2023, but face serious risks due to gloomy global growth outlook next year (global trade growth slowed in 2H22, and is projected to slow sharply in 2023). Mariam Sherman, World Bank's Country Director for Myanmar, Cambodia and Lao PDR, said that in order to shield its economy from a possible drop in external demand, Cambodia could take steps to strengthen its fiscal position and promote its domestic economy.

08th December 2022

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Cambodian GDP is on 4.8% growth path in 2022

08th December 2022

Cambodia churns out 4.85 tonnes of dore bar so far since Jun 2021

Cambodia has so far produced 4.85 tonnes of dore bars as of Dec 2 since the first commercial gold pour took place in Jun 2021, according to Minister of Mines and Energy Suy Sem. Four official gold producers are currently active. Australian-owned Renaissance Minerals (Cambodia) Ltd in the Okvau area of Mondulkiri province's Keo Seima district produced over 95% of the bars, weighing a total of 4.598 tonnes.

07th December 2022

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Cambodia churns out 4.85 tonnes of dore bar so far since Jun 2021

07th December 2022

South Korea looking to import Kampot fish sauce

South Korea is looking to import Kampot-style fish sauce from prominent maker E Chei Ngov Heng Food Production of Kampot, more commonly known as just Ngov Heng, after the Cambodia-Korea Free Trade Agreement (CKFTA) took effect on December 1, according to a commerce ministry statement.

05th December 2022

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South Korea looking to import Kampot fish sauce

05th December 2022

Investors urged to set up EV assembly plants

Even as some companies are planning to install EV charging stations across the country, the Minister of Public Works and Transport (MPWT) has urged investors in the private sector to invest in the establishment of electrical vehicle assembly plants, said a release by the ministry earlier this week.

02nd December 2022

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Investors urged to set up EV assembly plants

02nd December 2022

Investment projects worth $460M approved in Q3

The Council for the Development of Cambodia (CDC) approved 52 fixed asset investment projects worth over $460 million in the third quarter of 2022, up 10.6 percent as compared to the same period last year.

29th November 2022

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Investment projects worth $460M approved in Q3

29th November 2022

Acleda Bank's market share unsatisfactory, despite profit

2022.11.25-Yuanta_Daily-Market-Update_-1669361550.pdf

24th November 2022

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Acleda Bank's market share unsatisfactory, despite profit

24th November 2022

Stock trading in red in Q3 amid low market liquidity

The quarterly data of securities market operations shows that the trading value and volume in Cambodia's stock exchange decreased in the third quarter of this year compared to the previous period as the market has been negatively affected by the slowdown of the economy, low market liquidity, according to the top official of the country's regulator.

21st November 2022

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Stock trading in red in Q3 amid low market liquidity

21st November 2022

Tax revenue passes target amid money laundering cases

he General Department of Taxation (GTD) has collected more than $2.94 billion of tax revenue for the first 10 months of this year, which passes the amount set in the budget law 2022 and increases 26.96 percent compared to the same period last year, according to a press release by GDT on Tuesday.

17th November 2022

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Tax revenue passes target amid money laundering cases

17th November 2022

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