In Q1, GFT exports fell by over 23%
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 503.5 | 0.22 | 45,108 | 7,636 |
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 | 7,780 | 0.00 | 0.26 | 2.91 | 7,820 | 7,760 | 13,454 | 677 |
| GTI | 3,380 | 0.30 | 0.30 | -11.05 | 3,440 | 3,330 | 14,958 | 135 |
| PPAP | 14,900 | 0.13 | 0.68 | 6.43 | 15,100 | 14,740 | 2,704 | 308 |
| PPSP | 2,360 | -0.42 | 0.00 | -1.26 | 2,380 | 2,350 | 29,705 | 170 |
| PAS | 13,860 | 0.00 | 0.58 | 4.05 | 13,960 | 13,780 | 3,515 | 1,189 |
| ABC | 11,380 | 0.35 | 3.08 | 5.18 | 11,380 | 11,040 | 451,327 | 4,929 |
| PEPC | 3,050 | -0.33 | -0.97 | -3.17 | 3,100 | 3,050 | 2,048 | 229 |
| DBDE | 2,350 | 0.00 | 0.00 | -1.67 | 2,380 | 2,350 | 38,558 | 43 |
| JSL | 4,580 | 0.00 | 0.44 | -7.66 | 4,600 | 4,540 | 52,840 | 118 |
| 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 | 3Q22 | 1,242 | 9,852 | 6.26 | 0.79 | 1.95 | 8.44 |
| GTI | 3Q22 | 178 | 7,138 | 19.02 | 0.47 | 0.30 | 66.35 |
| PPAP | 3Q22 | 2,897 | 18,416 | 5.14 | 0.81 | 2.08 | 5.63 |
| PPSP | 3Q22 | 328 | 3,576 | 7.18 | 0.66 | 0.98 | 16.50 |
| PAS | 3Q22 | 1,568 | 5,986 | 8.84 | 2.32 | 3.35 | 14.89 |
| ABC | 3Q22 | 1,702 | 12,067 | 6.69 | 0.94 | 1.69 | NA |
| PEPC** | 2Q22 | 33 | 1,468 | 92.54 | 2.08 | 1.06 | 25.58 |
| DBDE | 3Q22 | -123 | 1,426 | NA | 1.65 | 0.70 | 2.55 |
| 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
The CSX Index continue to gain for nine straight trading days in April On April 13, 2023, the CSX index rise 0.22% to 503.5 points. GTI, PPAP, and ABC shares are each up 0.30%, 0.13%, and 0.35%, respectively. PEPC is the only main board share that shows a fall of 0.97% while PAS and PWSA shares are unchanged. Both JSL and DBDE on the growth board showed no movement. 45,108 shares worth KHR483 million were traded, down 22.6% over the last closing day's volume. (Source: YSC Research)
Economy and Industry
In Q1, GFT exports fell by over 23% During the first quarter of 2023, Cambodia exported $2.36 billion worth of garment, footwear, and travel (GFT) goods, a significant decrease from the $3.05 billion exported during the same period in the previous year, according to the most recent trade data made public by the General Department of Customs and Excise on Monday. Concerns about the downward trend are highlighted by the fact that the sector, which accounts for the majority of the Kingdom's export earnings, only accounted for 43.80% of total exports in the first quarter of this year as opposed to 55.5% in the same period last year. The "GFT Sector Growth Plan 2022-2027," announced by the Royal Government of Cambodia in March 2022, emphasizes the sector's crucial function as a significant economic growth pillar, with GFT exports typically accounting for over 70% of Cambodia's total merchandise exports. (Source: Khmer Times)
Debate about a new loan agreement norm for the financial sector Institutions are anticipated to start implementing the standards of a "Standard of Loan Agreement" for the financial industry by June. Insiders and outsiders, however, have disagreed on the specifics of the instrument's provisions, its possible impact on market competitiveness, and the location of the appropriate common ground. The Association of Banks in Cambodia (ABC) and Cambodia Microfinance Institution (CMA), who jointly launched the standard last year, are developing the instrument, also known as the "Standard Contractual Terms and Standard Contract" standards. With the obvious exception of interest rates and associated costs, the standard is intended to ensure that loan contracts are essentially identical across the board. (Source: The Phnom Penh Post)
The Chamber of Commerce requests more SEZ incentives In order to invest in regional special economic zones (SEZs), representatives of the private sector and economists have urged regional developers to create a private sector development council. They have also called for a renewed emphasis on the development of existing SEZs. Lim Heng, vice-president of the Cambodia Chamber of Commerce (CCC), stated on April 11 that the government has consistently encouraged both domestic and foreign investors to build factories and significant manufacturing enterprises in the Kingdom's SEZs through the Council for the Development of Cambodia (CDC). Currently, Cambodia has more than 50 SEZs that are intended to support the socioeconomic development of the country. (Source: The Phnom Penh Post)
Corporate News
New CUBC mBanking App launched by Cathay United Bank (Cambodia), integrated with Bakong System The new CUBC mobile banking app (mBanking App) was launched by Cathay United Bank (Cambodia) Corporation Limited, a division of Cathay Financial Holdings, Taiwan's largest financial holding company. It is integrated with the Bakong payment system of the National Bank of Cambodia. CUBC introduced the mBanking App with the aim of delivering a streamlined, smooth, and safe digital financial experience. CUBC has nearly 10 years of expertise in Cambodia and a profound grasp of customers' expectations when it comes to digital payment and information security. CUBC clients can utilize QR codes to receive and pay with other members of Bakong, which currently has close to 50 members. (Source: Khmer Times)
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