$27 million in government bonds are issued by Cambodia in H1

/ August 1, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
496.1 0.00 159,554 13,306

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 7,500 0.54 0.54 -0.79 7,500 7,400 55 652
GTI 3,130 0.00 0.00 -17.63 3,180 3,070 380 125
PPAP 14,160 -0.28 -0.28 1.14 14,300 14,000 18 293
PPSP 2,270 -0.44 -0.44 -5.02 2,350 2,140 2,487 163
PAS 12,880 0.00 0.00 -3.30 13,240 12,880 321 1,105
ABC 10,120 0.00 0.00 -6.47 10,160 10,100 67,627 4,384
PEPC 2,920 -0.68 -0.68 -7.30 3,080 2,800 3,038 219
DBDE 2,190 0.00 0.00 -8.37 2,270 2,140 368 40
JSL 3,450 -1.15 -1.15 -30.44 3,800 3,280 104 89
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 6.04 0.76 1.88 8.30
GTI 3Q22 178 7,138 17.61 0.44 0.27 62.31
PPAP 3Q22 2,897 18,416 4.89 0.77 1.98 5.41
PPSP 3Q22 328 3,576 6.91 0.63 0.94 16.06
PAS 3Q22 1,568 5,986 8.21 2.15 3.12 14.06
ABC 3Q22 1,702 12,067 5.95 0.84 1.51 NA
PEPC** 2Q22 33 1,468 88.60 1.99 1.01 25.05
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

CSX index up, PPAP, PPSP, and PEPC down On August 1, 2023, the CSX index rose 0.35% to 496.1 points. The decreases for PPAP, PPSP, and PEPC were 0.28%, 0.44%, and 0.68%, respectively. On the other hand, GTI, PAS, and ABC did not change. PWSA is the only stock to increase on the main board, up 0.54%. On the growth board, JSL declined by 1.15%, while DBDE stayed unchanged. KHR 917 million worth of shares were exchanged for 159,554, an increase of 88.1% from the previous day's closing volume. (Source: YSC Research)

Economy and Industry

$27 million in government bonds are issued by Cambodia in H1 The Cambodian government raised $27 million in bonds in the first six months of 2023, accounting for 13.5% of the $200 million target. The government issues bonds through the National Bank of Cambodia Auction Platform (NBCP), with bidding six times in the first semester. The government plans to raise $200 million from bonds in 2023, aiming to increase direct revenues, ensure investment efficiency, and promote the securities sector. This marks the second year of government securities issuance, and investors will enjoy a 50% deduction on withholding tax and tax exemption on capital gains for three years. (Source: Khmer Times)

GFT issues in Cambodia persist, 7,696 workers lose their employment Cambodia's garments, footwear, and travel goods (GFT) sector faces economic headwinds as 7,696 workers from 15 factories lost jobs due to falling demand, mainly in exports to foreign countries. The Ministry of Labour and Vocational Training (MLVT) announced that workers who lost jobs will receive financial support for the suspension of their job contracts. The allowance will be paid in KHR and depends on the number of days of suspension. The GFT sector is one of the biggest employment generators in the country and has created nearly one million direct jobs. The global economic situation and the ongoing war in Ukraine have contributed to the sector's decline. (Source: Khmer Times)

The national bank of Cambodia reports that as of June, foreign reserves rose to $18.4 billion Cambodia's international reserves have increased to $18.4 billion as of June 2023, up 3.2% from $17.82 billion at the end of 2022. These reserves include foreign currencies, gold, and Special Drawing Right (SDR). The NBC's report aims to secure imports of goods and services for the next seven months. Cambodia's economy is expected to grow by 5.6% in 2023, driven by garment and non-garment manufacturing exports, tourism, agriculture, construction, and real estate recovery. The inflation rate has declined to 1.2% in the first half of this year from 4.1% in the second half of last year. (Source: Khmer Times)

Corporate News

Royal Railway runs a rail connection with Thailand Royal Railway Plc, a conglomerate of Cambodia's Royal Railway, started operating its first rail link from Thailand last week. Commercial goods were transported safely from Thailand to Phnom Penh, and documentation was completed with customs officials. The Thai counterpart will push empty platforms or wagons into Cambodia's land, if they don't have facilities for loading goods. The rail link will extend to Thailand, Laos, and Vietnam. The Ministry of Public Works and Transport (MPWT) plans to charge fees for services in transportation of goods to the country. The operations are still on pilot after the Railway Department of MPWT and the State Railway of Thailand agreed to arrange the Poipet border between the two countries in 2022. (Source: Khmer Times)

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