Insurance sector records $102 million in gross premiums for Q1
| News Highlights |
Economy and Industry
Insurance sector records $102 million in gross premiums for Q1 Cambodia's insurance industry registered a gross premium of $102 million in Q1 2025, a 6% increase from the previous year, according to a report from the Insurance Regulator of Cambodia (IRC). The growth was attributed to 18 general insurers, 14 life insurers, seven micro-insurance companies, and one reinsurance firm. The total amount of claims incurred was around $22 million during January-May 2025, a 34% increase from the previous year. The insurance industry currently has over $1 billion in total assets. IRC Director General Bou Chanphirou emphasized the sector's role in supporting the social security system and contributing to national economic development. In 2024, the insurance penetration was 1.17% of the GDP, with an insurance density of $22 per person. (Source: Khmer Times)
TotalEnergies eyes potential investments in Cambodia's oil, gas, and renewable energy industries French company TotalEnergies is exploring investment opportunities in the Kingdom's oil, gas, and renewable energy sectors, according to the Ministry of Mines and Energy. TotalEnergies, one of the world's largest integrated oil and gas companies, operates in over 130 countries and employs over 100,000 people. The Kingdom's oil, gas, and renewable energy sectors have attracted interest from major global players, including Australian LNG major Woodside Energy, which recently announced its interest in investing in the Kingdom. Woodside Energy's primary focus is in the liquefied natural gas (LNG) industry, focusing on supplying reliable and affordable energy to a growing global market. (Source: Khmer Times)
Durian exports to China expected before year-end, says MAFF Cambodia and China signed a phytosanitary protocol allowing the export of fresh durian during President Xi Jinping's state visit to the country in late April. The General Directorate of Agriculture of the Ministry of Agriculture, Forestry and Fisheries (MAFF) has evaluated 122 durian farms and 30 packing sites that have applied for durian exports to China. If these farms and sites meet China's requirements, durian exports to the country could proceed this year. The GACC has evaluated 122 farms and 30 packaging facilities for export approval. If these six sites meet China's standards, durian exports could proceed. The GACC will conduct an inspection and issue a report if compliance is found. Cambodia has successfully negotiated phytosanitary conditions for several agricultural exports to China, including rice, red corn, dried cassava, cashew nuts, fresh mangoes, Pailin longans, coconuts, and pepper. (Source: Khmer Times)
Corporate News
CamTech teams up with HKUST to develop future business leaders Cambodia University of Technology and Science (CamTech University) and Hong Kong University of Science and Technology (HKUST Business School) have signed an agreement to advance research and education aimed at nurturing Cambodian next-generation business leaders through the development of family enterprises. The memorandum of understanding was signed by Dr Phirom Leng, Vice President for Academic Affairs of CamTech University, and Dr Fong Yuk Fai, Associate Dean of HKUST Business School. The collaboration aims to build future leadership grounded in innovation, ethics, and digital transformation. CamTech's Founding President, Dr Khieng Sothy, cited CamTech Motors as an example of entrepreneurial inspiration drawn from institutions like the National University of Singapore and China's Southern University of Science and Technology. (Source: Khmer Times)
Stock Market
CSX index falls 0.15% amid mixed main board performance On 24 June 2025, the CSX Index declined by 0.15%, closing at 409.3 points. On the Main Board, PEPC (+0.75%), PAS (+0.16%), and PPAP (+0.15%) were the gainers, while GTI (-3.61%) and ABC (-0.29%) recorded losses. PWSA, PPSP, MJQE, and CGSM remained unchanged. On the Growth Board, DBDE was up by 0.49%, while JSL remained unchanged. Total trading volume reached 105,711 shares, with a turnover of KHR 659 million. (Source: YSC Research)
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 409.33 | -0.15 | 105,711 | 10,979 |
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 | 6,480 | 0.00 | 2.53 | 1.89 | 6,500 | 6,300 | 78,974 | 564 |
| GTI | 8,000 | -3.61 | -0.25 | 57.48 | 8,700 | 7,760 | 361,766 | 320 |
| PPAP | 13,640 | 0.15 | 1.79 | -1.45 | 13,680 | 13,340 | 10,346 | 282 |
| PPSP | 2,110 | 0.00 | -0.47 | -2.76 | 2,150 | 2,090 | 120,395 | 152 |
| PAS | 12,320 | 0.16 | 2.84 | 6.57 | 12,380 | 11,920 | 19,781 | 1,057 |
| ABC | 6,900 | -0.29 | -0.29 | -8.49 | 6,940 | 6,880 | 495,801 | 2,989 |
| PEPC | 2,670 | 0.75 | -2.20 | 11.72 | 2,740 | 2,630 | 6,456 | 200 |
| MJQE | 2,020 | 0.00 | 0.00 | -2.88 | 2,030 | 2,020 | 111,896 | 655 |
| CGSM | 2,430 | 0.00 | 0.00 | 0.00 | 2,450 | 2,410 | 93,161 | 4,761 |
| DBDE | 2,060 | 0.49 | -5.07 | 0.00 | 2,170 | 2,040 | 49,685 | 38 |
| JSL | 2,790 | 0.00 | 1.45 | -18.42 | 2,860 | 2,640 | 17,952 | 72 |
| 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 | 4Q24 | 978 | 11,199 | 6.63 | 0.58 | 1.77 | 13.33 |
| GTI | 4Q24 | 48 | 7,057 | 166.67 | 1.13 | 0.95 | 28.47 |
| PPAP | 4Q24 | 2,550 | 22,115 | 5.35 | 0.62 | 1.67 | 3.36 |
| PPSP | 4Q24 | 220 | 3,866 | 9.60 | 0.55 | 2.85 | 5.04 |
| PAS | 4Q24 | 1,478 | 8,224 | 8.34 | 1.50 | 2.30 | 8.16 |
| ABC | 4Q24 | 1,140 | 13,790 | 6.05 | 0.50 | 0.91 | NA |
| PEPC* | 1Q25 | -1,009 | -17 | NA | -155.12 | 4.67 | NA |
| MJQE | 4Q24 | 37 | 307 | 54.41 | 6.58 | 3.99 | 12.14 |
| CGSM | 4Q24 | 52 | 606 | 46.71 | 4.01 | 6.79 | 16.11 |
| JSL | 4Q24 | 14 | 685 | 199.25 | 4.07 | 3.99 | 18.01 |
| DBDE | 4Q24 | 23 | 1,840 | 90.12 | 1.12 | 0.53 | 8.15 |
| 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% | 2,404 |
| ABC32B | 0 | 0.0 | - - | KhAA | Subordinated Bond | 8.50% | 2,446 |
| CGSM33A | 0 | 0.0 | - - | KhAAA | Sustainability Bond | SOFR +3% or 5.5% per annum, whichever is higher | 3,066 |
| CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% Annually | 1,270 |
| CIAF30A | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | 5.60% | 1,717 |
| GT27A | 0 | 0.0 | - - | N/A | Plain Bond, Green Bond | 7% per annum | 895 |
| PPSP29A | 0 | 0.0 | - - | KhAAA | Guaranteed Green Bond | Term SOFR + 1.5% | 1,457 |
| RRC32A | 0 | 0.0 | - - | N/A | Plain Bond | 7% Annually | 2,665 |
| RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | SOFR+3,5% or 5% per annum (take which one is higher) | 912 |
| 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) | 2,739 |
| SNTD40A | 0 | 0.0 | - - | N/A | Green Infrastructure Bond | 180-Day SOFR Average + 1.80% | 5,391 |
| SNTD40B | 0 | 0.0 | - - | N/A | Green Infrastructure Bond | 180-Day Average SOFR + 1.60% (4.00% - 6.00%) | 5,391 |
| SNTD40C | 0 | 0.0 | - - | N/A | Green Infrastructure Bond | 180-Day SOFR Average + 3.00% | 5,391 |
| 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 | 236.0 | 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% | - | 4.25% | - | - |
| Latest bidding | 23-Apr-25 | 21-May-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
