Cambodia exports $3bn worth of agri-products in first 10 months

/ December 20, 2022

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
477.53 0.06 489,803 7,243

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 0.00 0.81 4.47 7,500 7,380 38,020 651
GTI 3,670 -0.54 -3.67 -13.03 3,840 3,670 58,383 147
PPAP 13,960 -0.29 -0.29 -5.03 14,000 13,940 2,693 289
PPSP 2,370 0.42 1.72 14.49 2,380 2,320 117,074 170
PAS 13,120 0.46 0.92 -1.50 13,180 12,920 24,360 1,125
ABC 10,680 0.00 1.52 1.52 10,700 10,380 658,802 4,626
PEPC 3,130 0.00 -0.32 -0.63 3,150 3,090 4,260 235
DBDE 2,370 0.00 -0.42 2.60 2,380 2,360 66,873 44
JSL 4,840 -2.02 0.83 NA 4,940 4,760 47,977 124
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 6,987 125.60 0.53 0.29 35.46
PPAP 2021U 2,499 15,972 5.59 0.87 2.31 3.62
PPSP 2021U 112 3,451 21.23 0.69 1.45 8.48
PAS 2021U 1,093 4,889 12.01 2.68 3.29 12.38
ABC 2,021 1,565 11,277 6.82 0.95 2.46 NA
PEPC** 2021U 183 1,349 17.07 2.32 0.79 15.78
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 edges up for second day straight On Dec 20, 2022, the CSX index edged up 0.06% from the previous close to 477.5pts. Only PPSP and PAS shares gained today, rising 0.42% and 0.46% to KHR2,370 and KHR13,120, respectively. Meanwhile, GTI shares fell 0.54% to KHR3,670, and PPAP shares were down 0.29% to KHR13,960. PPWSA, ABC and PEPC shares were unchanged. On the growth board, JSL shares dropped 2.02% from yesterday to end at KHR4,840, while DBDE shares remained unmoved for an eighth trading day straight. (Source: YSC Research)

Economy and Industry

Cambodia exports $3bn worth of agri-products in first 10 months From Jan to Oct 2022, Cambodia exported more than $3bn worth of agricultural products, according to the Ministry of Agriculture. Milled rice exports were at 509,249 tonnes, up 10.7% YoY, with total value of $435.4mn. Exports of paddy were at 2.44 million tonnes, a decrease of 219,878 tonnes, with total value of $492.9mn. Exports of agricultural products other than rice--including dried cassava, cassava flour, raw cashew, processed cashew nuts, corn, soy, bananas, mangoes and more--amounted to 4.67 million tonnes, an increase of 10.6% YoY, with a total export value of $2.14bn. (Source: Khmer Times)

Ministry of Land approves 3.4K construction projects in first 10 months The Ministry of Land Management, Urban Planning and Construction approved 3,407 construction projects in Jan-Oct 2022 with a total registered capital of $2.2bn, down by 57% over the same time last year, according to data from the Ministry of Economy and Finance. Of these, 3,018 or 88.6% were residential projects, while the remaining were commercial, industrial, tourism, public and other investment projects. Housing Development Association of Cambodia secretay-general Huy Vanna said that he expected the downturn to continue in the near term, explaining that the construction sector can only stage a meaningful rebound with stable and robust global economic growth, and that even recovery momentum would not likely materialize immediately. He confirmed that virtually no construction work is being carried out on newly approved projects and underscored that poor sales of units at several completed residential developments are preventing new investments in the segment. (Source: Phnom Penh Post)

IMF reaffirms 5% growth for 2022 The International Monetary Fund (IMF) reaffirmed on Dec 18 that the 5% real GDP growth forecast for 2022 it made in September is achievable despite fresh rounds of downward pressure brought by undergoing geopolitical conflicts and COVID-19-related woes. The growth forecast is 5% in 2022 and nearly 5.5% in 2023, supported by the continued recovery of tourism and ongoing policy support, the IMF said. However, the most pressing risks are from rising private debt; conditions in key large economies; and inflation, which is expected to peak this year and decline further thereafter, it added. (Source: Phnom Penh Post)

Corporate News

Thai firm Rosegold looking to expand to Cambodia Rosegold, a market leader in health and beauty supplements in Thailand, is looking to introduce its products to consumers in Cambodia, after its expansion into Laotian and Vietnamese markets. Thunrawee Ruengraweethitikorn, the company's director of Business Development visited Phnom Penh on fact-finding business trip to determine an appropriate business model and approach to enter Cambodian market. "The objective of this trip was to get a better understanding of the market in Cambodia along with understanding the local rules and regulations in order to be compliant with them and to have a commercially viable and customer-service-oriented operation here", said Thunrawee. (Source: Khmer Times)

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