Exports of GFT see sharp decline during Jul-Oct period

/ December 13, 2022

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
476.28 0.22 68,957 7,224

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 7,480 -0.27 0.81 4.47 7,500 7,300 17,446 651
GTI 3,730 -1.84 -2.10 -11.61 3,850 3,730 44,377 149
PPAP 13,980 -0.14 -0.14 -4.90 14,000 13,940 1,955 289
PPSP 2,370 0.00 1.72 14.49 2,380 2,320 88,726 170
PAS 13,060 0.31 0.46 -1.95 13,200 12,920 13,160 1,120
ABC 10,640 0.38 1.14 1.14 10,640 10,380 418,628 4,609
PEPC 3,140 0.00 0.00 -0.32 3,150 3,090 2,735 235
DBDE 2,370 0.00 -0.42 2.60 2,380 2,350 55,446 44
JSL 4,900 -0.41 2.08 NA 4,980 4,760 46,008 126
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 2021U 1,486 8,930 5.03 0.84 1.76 6.15
GTI 2021U 29 6,987 127.65 0.53 0.29 35.96
PPAP 2021U 2,499 15,972 5.59 0.88 2.31 3.62
PPSP 2021U 112 3,451 21.23 0.69 1.45 8.48
PAS 2021U 1,093 4,889 11.95 2.67 3.27 12.34
ABC 2,021 1,565 11,277 6.80 0.94 2.45 NA
PEPC** 2021U 183 1,349 17.13 2.33 0.80 15.79
DBDE 2021U 86 1,993 27.67 1.19 0.60 10.41
NOTE: ttm= trailing-twelve months; mrq = most recent quarter; *Excluding equity of non-common shares for PPWSA, PPAP and PAS; **FY ending in June

News Highlights

Stock Market

CSX index advances for fifth trading days straight The CSX index rose for the fifth trading day straight, up anther 0.22% from the previous close to 476.3pts. The increase was driven by the heavyweight ABC and PAS, while edged up 0.38% and 0.31% to KHR10,640 and KHR13,060, respectively. Meanwhile, GTI shares fell 1.84% to KHR3,730; PPWSA and PPAP edged down slightly. PEPC and PPSP shares remained unchanged. On the growth board, DBDE shares were unmoved, while JSL shares dropped 0.41% to KHR4,900. (Source: YSC Research)

Economy and Industry

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. Huot Pum, Under Secretary of State, Ministry of Economy and Finance, said Cambodia gets immediate impacts of global economic slowdown as it is a small economy that is also fully open to the world for business. He added that the GFT Strategy 2022-2027 targets to strengthen human resources, improve working conditions, promote investment in high value-added and high-end products, promote investment in support industries and promote market diversification within the industry. (Source: Khmer Times)

Preah Sihanouk welcomes 710K visitors over three-day festival Preah Sihanouk province logged more than 710,000 national and international visitors for the three main days of the 9th Sea Festival from Dec 9-11. The annual festival--the first since 2019, before the COVID-19 pandmiec-- is being held from Dec 9-14, themed "Bays of Peace, Bays of Hope". The Preah Sihanouk provincial Department of Tourism reported that 712,614 travellers visited the province during the three days: 708,533 national and 4,054 foreign. (Phnom Penh Post)

Cambodia imports $3.38bn worth of oil and gas in first 11 months Cambodia imported oil and gas products worth $3.38bn in the first 11 months of the year, up almost 58% YoY, according to a report from the General Department of Customs and Excise. Minister of Mines and Energy Suy Sem recently said the demand for oil products in Cambodia is projected to rise to 4.8 million tons in 2030, up from 2.8 million tons in 2020. Further investments in this sector are needed in order to respond to this growing demand, said the minister. (Source: Khmer Times)

Corporate News

Chinese solar panel maker showcases products at Cambodian exhibition LONGi, Chinese solar panel producer, has participated in the Cambodia International Solar and Renewable Energy Exhibition (CAMSOLAR 2022) in Phnom Penh. The company made debut of its Hi-MO 6 module during the event. The Hi-MO 6 module is optimized in terms of low light performance, temperature coefficiency and power degradation and well suited for deployment in the region's climatic conditions. (Source: Khmer Times)

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