Increased vehicle imports reflect growing demand for family cars in Cambodia

/ May 7, 2025


News Highlights

Economy and Industry

Increased vehicle imports reflect growing demand for family cars in Cambodia According to a report by Cambodia's General Department of Customs and Excise, vehicle imports in the country reached 554million in the first quarter of this year, marking a 51% increase from the $366 million recorded during the same period last year. Cambodia is now home to several vehicle assembly plants, including Ford, Toyota, Hyundai, and Isuzu, with BYD currently building its factory in a special economic zone in Preah Sihanouk province. The rise in vehicle assembly investments is driven by Cambodia's appealing business environment, which features tax incentives and an increasingly skilled labor force. This shift toward local manufacturing supports the government's goal of establishing Cambodia as a key automotive hub in the region. (Source: Khmer Times)

Online Shopping contributes 6.68% to Cambodia's economic growth in 2024 E-commerce has become a significant driver of Cambodia's economy, contributing 6.68% to the country's GDP in 2024. The rapid growth of digital platforms and increased internet accessibility have fueled this expansion, with more businesses and consumers embracing online transactions. The government has also supported this sector through policies aimed at improving digital infrastructure and financial inclusion. Key industries benefiting from e-commerce include retail, food delivery, and financial services. Despite this progress, challenges such as limited digital literacy in rural areas and concerns over cybersecurity remain. However, experts predict continued growth as more Cambodians adopt digital payment systems and online shopping habits. (Source: Khmer Times)

Phnom Penh-Sihanoukville Expressway creates more than 2,000 employment opportunities The Phnom Penh-Sihanoukville Expressway has generated over 2,000 jobs since its inception, significantly boosting local employment. The project, a key infrastructure development under Cambodia's Belt and Road Initiative, has provided work in construction, maintenance, and toll operations. Additionally, the expressway has stimulated economic activity in surrounding regions by improving transportation efficiency and reducing travel time between the capital and the major port city. Authorities highlight that the highway has also enhanced logistics and trade, benefiting businesses that rely on fast and reliable transport. The government plans further investments in infrastructure to sustain job creation and economic growth. (Source: Khmer Times)

Corporate News

KB Prasac Bank donates additional 400 million riels to Cambodian Red Cross KB Prasac Bank has reaffirmed its commitment to social responsibility by donating another 400 million riels (approximately $100,000) to the Cambodian Red Cross. The contribution aims to support humanitarian efforts, including disaster relief, healthcare, and community development programs. This latest donation is part of the bank's ongoing partnership with the organization, reflecting its dedication to giving back to society. The Cambodian Red Cross expressed gratitude for the continued support, emphasizing how such funds help vulnerable populations during crises. KB Prasac Bank's initiatives align with broader corporate social responsibility trends in Cambodia's financial sector. (Source: Cambodia Investment Review)

Stock Market

PEPC drops over 5% as CSX index closes slightly down On 07 May 2025, the CSX Index edged down by 0.19%, closing at 405.7 points. On the Main Board, PPSP (+0.95%) and CGSM (+0.42%) led the gainers, while PEPC (-5.19%), MJQE (-0.92%), PWSA (-0.63%), ABC (-0.58%), PAS (-0.33%), GTI (-0.28%), and PPAP (-0.14%) posted losses. No stocks on the Main Board remained unchanged. On the Growth Board, DBDE and JSL declined by 0.48% and 0.32%, respectively. Total trading volume reached 89,909 shares, with a turnover of KHR 398 million. (Source: YSC Research)

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
405.73 -0.19 89,909 10,882

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 6,260 -0.63 -0.95 -1.57 6,340 6,260 30,812 544
GTI 7,120 -0.28 0.28 40.16 7,140 6,280 49,806 285
PPAP 14,160 -0.14 0.57 2.31 14,200 13,900 1,073 293
PPSP 2,120 0.95 0.47 -2.30 2,170 2,100 18,668 152
PAS 11,920 -0.33 -0.33 3.11 11,980 11,640 1,734 1,022
ABC 6,860 -0.58 -3.65 -9.02 7,160 6,860 391,988 2,971
PEPC 2,560 -5.19 -2.29 7.11 2,800 2,550 648 192
MJQE 2,160 -0.92 -1.37 3.85 2,190 2,100 129,890 700
CGSM 2,410 0.42 -0.41 -0.82 2,430 2,390 10,862 4,722
DBDE 2,090 -0.48 -0.48 1.46 2,100 2,080 9,733 39
JSL 3,150 -0.32 -0.94 -7.89 3,230 3,090 1,424 81
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 4.89 0.51 1.39 10.10
GTI 4Q24 48 7,057 148.33 1.01 0.85 26.02
PPAP** 4Q24 2,550 22,115 5.55 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 8.07 1.45 2.23 7.97
ABC 4Q24 1,140 13,790 6.02 0.50 0.91 NA
PEPC* 1Q25 -1,009 -17 NA -148.73 4.47 NA
MJQE 4Q24 37 307 58.19 7.04 4.27 12.94
CGSM 4Q24 52 606 46.33 3.97 6.74 15.99
JSL 4Q24 14 685 224.96 4.60 4.50 19.32
DBDE 4Q24 23 1,840 91.43 1.14 0.54 8.26
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% 2,452
ABC32B 0 0.0 - - KhAA Subordinated Bond 8.50% 2,494
CGSM33A 0 0.0 - - KhAAA Sustainability Bond SOFR +3% or 5.5% per annum, whichever is higher 3,114
CIAF28A 0 0.0 - - KhAAA N/A 6.30% Annually 1,318
CIAF30A 0 0.0 - - KhAAA Guaranteed Bond 5.60% 1,765
GT27A 0 0.0 - - N/A Plain Bond, Green Bond 7% per annum 943
PPSP29A 0 0.0 - - KhAAA Guaranteed Green Bond Term SOFR + 1.5% 1,505
RRC32A 0 0.0 - - N/A Plain Bond 7% Annually 2,713
RRGO27A 0 0.0 - - KhAAA Guaranteed Bond SOFR+3,5% or 5% per annum (take which one is higher) 960
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) 2,787
SNTD40A 0 0.0 - - N/A Green Infrastructure Bond 180-Day SOFR Average + 1.80% 5,439
SNTD40B 0 0.0 - - N/A Green Infrastructure Bond 180-Day Average SOFR + 1.60% (4.00% - 6.00%) 5,439
SNTD40C 0 0.0 - - N/A Green Infrastructure Bond 180-Day SOFR Average + 3.00% 5,439
Government Bonds

Historical Issuance Summary

  1 Y 2 Y 3 Y 5 Y 10 Y
Total issuance ('K units) 238.1 312.0 175.3 10.0 0.0
Outstanding (KHR'bn) 58.0 240.0 175.3 10.0 0.0
Issuance ('K units, Latest) 34.0 0.0 90.0 0.0 0.0
Coupon rate (Latest) 2.70% 3.20% 3.50% 4.75% 5.25%
Successful yield (Latest) 3.25%   - - -
Latest bidding 23-Apr-25 19-Feb-25 19-Mar-25 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.


Stock Charts

Main Board

 
 
 
 
 
 
 

Growth Board

 
 

© Copyright 2022 Yuanta Securities (Cambodia) Plc. All Right Reserved