Ministry of Commerce urges supermarkets to promote local products
| News Highlights |
Economy and Industry
Ministry of Commerce urges supermarkets to promote local products The Ministry of Commerce in Cambodia has called on supermarkets to increase the sale of Khmer products. The Ministry of Commerce (MoC) initiated a "Business Matching Program" aimed at increasing the presence of Cambodian products in supermarkets and marts by 2025. This initiative seeks to strengthen collaboration among business partners by linking supermarkets, marts, and local manufacturers and suppliers. The goal is to boost domestic support for Cambodian products, particularly by enhancing their distribution to supermarkets and marts across the country. The ministry emphasizes the importance of improving product quality, packaging, and marketing strategies to compete effectively with imported goods. By encouraging the consumption of locally made products, the campaign seeks to foster national pride and contribute to sustainable economic development. (Source: Khmer Times)
South Korea commits to advancing Cambodia's digital development South Korea has pledged to support Cambodia in enhancing its digital infrastructure and capabilities. This collaboration aims to foster technological innovation and improve digital services across various sectors in Cambodia. The partnership includes initiatives to strengthen digital education, promote e-governance, and develop smart city projects. By leveraging South Korea's expertise in digital technology, Cambodia seeks to accelerate its digital transformation and boost economic growth. The cooperation also emphasizes the importance of cybersecurity and data protection to ensure safe and efficient digital operations. This strategic alliance reflects the growing bilateral relations between the two nations and their shared commitment to sustainable development. (Source: Khmer Times)
Cambodia and UN collaborate on energy-efficient building initiative Cambodia and the United Nations have launched a joint project to enhance energy efficiency in the building sector. The initiative focuses on reducing energy consumption and greenhouse gas emissions through sustainable construction practices. It includes the development of energy-efficient building codes, training programs for construction professionals, and the promotion of green building materials. Recently, the Cambodian government approved a regulation on Minimum Energy Performance Standards (MEPS) and is working to introduce labeling systems for energy efficiency in appliances such as air conditioners and refrigerators. The project aligns with Cambodia's National Energy Efficiency Policy and its commitment to achieving carbon neutrality by 2050. (Source: Khmer Times)
Corporate News
BYD begins construction of manufacturing facility in Sihanoukville Chinese electric vehicle manufacturer BYD has commenced the construction of a new facility in Sihanoukville, Cambodia. This development marks a significant step in Cambodia's efforts to become a regional hub for automotive and electronic component production. The company allocated around $32 million for the initial phase to construct a CKD vehicle assembly facility spanning roughly 12 hectares within the Sihanoukville Special Economic Zone. The plant is designed to produce both pure electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), with an annual assembly capacity of approximately 10,000 units. BYD's investment highlights Cambodia's potential as a destination for sustainable industrial development, driven by its young workforce and favorable economic policies. (Source: Khmer Times)
Stock Market
PPAP gains 1%, while PEPC and GTI lead decliners on CSX On the Main Board, PPAP (+1.00%) and CGSM (+0.42%) led the gainers, while PEPC (-3.57%) and GTI (-1.98%) posted losses. PPSP and PAS remained unchanged. On the Growth Board, DBDE was flat, while JSL declined by 0.63%. Total trading volume for the day reached 80,152 shares, with a turnover of KHR 367 million. (Source: YSC Research)
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 409.48 | -0.05 | 80,152 | 10,983 |
Stock Performance
| Stock | Close (KHR) | 1D chg (%) | MTD chg (%) | YTD chg (%) | 1M high (KHR) | 1M low (KHR) | MTD vol (shr) | Mkt cap (KHR'bn) |
| PWSA | 6,320 | 0.00 | -1.25 | -0.63 | 6,420 | 6,260 | 68,018 | 550 |
| GTI | 6,940 | -1.98 | 6.77 | 36.61 | 7,140 | 6,280 | 273,278 | 278 |
| PPAP | 14,140 | 1.00 | 0.43 | 2.17 | 14,140 | 13,900 | 8,110 | 292 |
| PPSP | 2,120 | -0.47 | -3.64 | -2.30 | 2,210 | 2,100 | 184,071 | 152 |
| PAS | 11,900 | -0.34 | 0.68 | 2.94 | 11,940 | 11,640 | 6,794 | 1,021 |
| ABC | 7,100 | 0.00 | -0.56 | -5.84 | 7,300 | 6,980 | 587,780 | 3,075 |
| PEPC | 2,700 | -3.57 | 3.05 | 12.97 | 2,800 | 2,560 | 16,046 | 202 |
| MJQE | 2,130 | 0.00 | 0.95 | 2.40 | 2,140 | 2,100 | 74,453 | 690 |
| CGSM | 2,410 | 0.42 | -0.82 | -0.82 | 2,430 | 2,390 | 144,883 | 4,722 |
| DBDE | 2,100 | 0.00 | 0.48 | 1.94 | 2,100 | 2,080 | 16,951 | 39 |
| JSL | 3,170 | -0.63 | -1.25 | -7.31 | 3,360 | 3,090 | 6,587 | 82 |
| 1D = 1 Day; 1M= 1 Month; MTD = Month-To-Date; YTD = Year-To-Date; Chg = Change; Vol = Volume; shr = share; Mkt cap = Market capitalization | ||||||||
Valuation Ratios
| EPS | BPS* | P/E | P/B | P/S | EV/EBITDA | ||
| ttm,mrq | (ttm,KHR) | KHR | (ttm,x) | (mrq,x) | (ttm,x) | (ttm,x) | |
| PPWSA** | 3Q24 | 1,279 | 12,359 | 4.94 | 0.51 | 1.40 | 10.13 |
| GTI | 4Q24 | 48 | 7,057 | 144.58 | 0.98 | 0.83 | 25.52 |
| PPAP** | 4Q24 | 2,550 | 22,115 | 5.54 | 0.64 | 1.73 | 3.48 |
| PPSP** | 4Q24 | 220 | 3,866 | 9.65 | 0.55 | 2.87 | 5.06 |
| PAS | 4Q24 | 1,478 | 8,224 | 8.05 | 1.45 | 2.22 | 7.96 |
| ABC | 4Q24 | 1,140 | 13,790 | 6.23 | 0.51 | 0.94 | NA |
| PEPC* | 1Q25 | -1,009 | -17 | NA | -156.86 | 4.72 | NA |
| MJQE | 4Q24 | 37 | 307 | 57.38 | 6.94 | 4.21 | 12.77 |
| CGSM | 4Q24 | 52 | 606 | 46.33 | 3.97 | 6.74 | 15.99 |
| JSL | 4Q24 | 14 | 685 | 226.39 | 4.63 | 4.53 | 19.39 |
| DBDE | 4Q24 | 23 | 1,840 | 91.87 | 1.14 | 0.54 | 8.29 |
| NOTE: ttm= trailing-twelve months; mrq = most recent quarter; *FY ending in June, **excluding non-voting shares | |||||||
| Corporate Bonds |
Trading Summary
| Bond Symbol | Trading Vol (Units) | Trading Val (KHR'mn) | Latest Yield | Credit Rating | Bond Feature | Coupon Rate (%) | Days to Maturity |
| ABC32A | 0 | 0.0 | - - | khAA | Subordinated Bond | 8.50% | 2,460 |
| ABC32B | 0 | 0.0 | - - | KhAA | Subordinated Bond | 8.50% | 2,502 |
| CGSM33A | 0 | 0.0 | - - | KhAAA | Sustainability Bond | SOFR +3% or 5.5% per annum, whichever is higher | 3,122 |
| CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% Annually | 1,326 |
| CIAF30A | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | 5.60% | 1,773 |
| GT27A | 0 | 0.0 | - - | N/A | Plain Bond, Green Bond | 7% per annum | 951 |
| PPSP29A | 0 | 0.0 | - - | KhAAA | Guaranteed Green Bond | Term SOFR + 1.5% | 1,513 |
| RRC32A | 0 | 0.0 | - - | N/A | Plain Bond | 7% Annually | 2,721 |
| RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | SOFR+3,5% or 5% per annum (take which one is higher) | 968 |
| RRGT32B | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | SOFR+3,5% or 5% per annum (take which one is higher) and Year 6 to Year 10: SOFR+3,75% or 5% per annum (take which one is higher) | 2,795 |
| SNTD40A | 0 | 0.0 | - - | N/A | Green Infrastructure Bond | 180-Day SOFR Average + 1.80% | 5,447 |
| SNTD40B | 0 | 0.0 | - - | N/A | Green Infrastructure Bond | 180-Day Average SOFR + 1.60% (4.00% - 6.00%) | 5,447 |
| SNTD40C | 0 | 0.0 | - - | N/A | Green Infrastructure Bond | 180-Day SOFR Average + 3.00% | 5,447 |
| Government Bonds |
Historical Issuance Summary
| 1 Y | 2 Y | 3 Y | 5 Y | 10 Y | |
| Total issuance ('K units) | 204.1 | 312.0 | 85.3 | 10.0 | 0.0 |
| Outstanding (KHR'bn) | 24.0 | 240.0 | 85.3 | 10.0 | 0.0 |
| Issuance ('K units, Latest) | 24.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Coupon rate (Latest) | 2.80% | 3.20% | 3.80% | 4.75% | 5.25% |
| Successful yield (Latest) | 3.13% | - | - | - | |
| Latest bidding | 23-Jan-25 | 19-Feb-25 | 11-Dec-24 | 45,581 | 45,525 |
| *Total issuance is the accumulated issuance since September 2022; **Outstanding is aggregate principal value of government that remain outstanding; ***Successful yield: mid yields are shown if multiple price auction method was adopted. | |||||
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