The government begin draft of its revenue and spending plan for 2024

/ July 6, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
484 3.63 611,749 6,952

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 7,460 0.00 -0.53 -1.32 7,500 7,460 6,409 649
GTI 3,130 0.64 1.29 -17.63 3,230 3,080 3,405 125
PPAP 14,200 -0.70 -0.84 1.43 14,420 14,020 1,736 294
PPSP 2,170 -0.46 -0.91 -9.21 2,320 2,170 16,600 156
PAS 12,960 -0.46 0.00 -2.70 13,400 12,720 3,000 1,112
ABC 10,160 0.00 -0.20 -6.10 10,240 10,160 192,576 4,401
PEPC 2,880 -0.69 -0.69 -8.57 3,030 2,880 1,444 216
DBDE 2,190 -0.45 -0.45 -8.37 2,300 2,190 6,402 40
JSL 3,690 -2.89 -3.66 -25.60 4,100 3,690 3,255 95
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 6.01 0.76 1.87 8.29
GTI 3Q22 178 7,138 17.61 0.44 0.27 62.31
PPAP 3Q22 2,897 18,416 4.90 0.77 1.98 5.42
PPSP 3Q22 328 3,576 6.61 0.61 0.90 15.57
PAS 3Q22 1,568 5,986 8.26 2.16 3.14 14.13
ABC 3Q22 1,702 12,067 5.97 0.84 1.51 NA
PEPC** 2Q22 33 1,468 87.39 1.96 1.00 24.89
DBDE 3Q22 -123 1,426 NA 1.54 0.66 2.40
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

Market sees mixed trading on July 6 The CSX index increased by 3.63% to 484.0 points on July 6, 2023. PPAP, PPSP, and PAS all experienced drops of 0.70%, 0.46%, and 0.46%, respectively. PWSA and ABC, on the other hand, show no change. GTI is the only stock that has increased by 0.64%. On the growth board, DBDE and JSL both fell 0.45% and 2.89%, respectively. A total of 611,749 shares were exchanged for KHR 2,258 million, representing a 176.9% increase over the previous day's closing volume. (Source: YSC Research)

Economy and Industry

The government begin draft of its revenue and spending plan for 2024 In 2024, Cambodia expects government revenue and spending to be equal to 23.07% and 26.29% of GDP (gross domestic product), respectively. This is according to a Royal Government of Cambodia (RGC) circular on the draft Strategic Budget Plan 2024-2026 and 2024 Law on Financial Management - the "budget law" for next year. According to the circular, which was signed by Prime Minister Hun Sen and dated June 29, the 2024 target for current revenue - which includes tax and non-tax revenue but excludes capital receipts - has been tentatively set at 22.33% of GDP, up 0.8%pt from the 2023 target and up 13.3% in monetary terms. (Source: The Phnom Penh Post)

Angkor Wat ticket revenues totaled more than $17 million from January to June Cambodia received $17,877,418 from the sale of Angkor ticket sales in the six months from January to June 2023, with a total of 385,769 foreign tourists. This is according to an Angkor Enterprise press release dated July 6 2023. According to the press release, Angkor Enterprise made $1,811,589 from the sale of tickets to 41,012 foreign tourists visiting Angkor Resort in June 2023. The Royal Government of Cambodia funded the Kantha Bopha Hospital of Cambodia with a total of $771,538 from the sale of tickets to international visitors visiting Angkor in the first six months of 2023 to help in the fund to save the lives of Cambodian children. (Source: Khmer Times)

Australia is assisting Cambodia in the building of an agri-food industrial park Australia has been assisting in the construction of Cambodia's Agri-Food Industrial Park (AIP) to help boost agricultural export markets. According to a press release from the Australian Embassy in Phnom Penh, the park would boost agricultural value-added products and exports in Cambodia. It is estimated to contribute US$5.1 billion to the Cambodian economy by 2045 and produce up to 100,000 new employment, with women accounting for more than half of those employed. According to the source, the AIP will be a hub for agrifood processing, research and development, and capacity building, and it is being designed to provide an inclusive, safe workplace and environment, particularly for women and marginalized people. (Source: Khmer Times)

Corporate News

ACLEDA, situated in Phnom Penh, has secured $100 million for strategic growth According to the director of the Cambodia Securities Exchange (CSX), the Chinese-sponsored Asian Infrastructure and Investment Bank's (AIIB) $100 million loan to domestically public-listed ACLEDA Bank Plc will fund the latter's domestic expansion and improve investor trust in the Phnom Penh-based lender. The loan will have a five-year duration, a variable interest rate of 8.8% - 11% - presumably per annum - and a December disbursement date. "Through this facility, new loans will be made available to micro, small, and medium-sized enterprises [MSME]." "The long-term facility will support strategic growth and diversification of funding sources in accordance with the bank's plan," ACLEDA stated in a CSX filing. (Source: The Phnom Penh Post)

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