The insurance industry records a $28.7M premium in June
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 490.34 | 0.00 | 148,717 | 13,152 |
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 | 0.00 | 0.54 | -0.79 | 7,500 | 7,400 | 30,705 | 652 |
| GTI | 3,080 | -0.65 | -1.60 | -18.95 | 3,180 | 3,070 | 1,397 | 123 |
| PPAP | 14,240 | 0.56 | 0.28 | 1.71 | 14,240 | 14,000 | 732 | 295 |
| PPSP | 2,240 | -0.88 | -1.75 | -6.28 | 2,350 | 2,140 | 13,189 | 161 |
| PAS | 12,900 | 0.16 | 0.16 | -3.15 | 13,240 | 12,820 | 6,548 | 1,106 |
| ABC | 10,060 | -0.40 | -0.59 | -7.02 | 10,120 | 10,060 | 240,183 | 4,358 |
| PEPC | 2,870 | -0.69 | -2.38 | -8.89 | 3,080 | 2,800 | 3,669 | 215 |
| DBDE | 2,150 | 0.00 | -1.83 | -10.04 | 2,270 | 2,140 | 20,614 | 40 |
| JSL | 3,520 | 0.57 | 0.86 | -29.03 | 3,660 | 3,280 | 2,156 | 90 |
| 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 | 17.33 | 0.43 | 0.27 | 61.51 |
| PPAP | 3Q22 | 2,897 | 18,416 | 4.92 | 0.77 | 1.99 | 5.43 |
| PPSP | 3Q22 | 328 | 3,576 | 6.82 | 0.63 | 0.93 | 15.91 |
| PAS | 3Q22 | 1,568 | 5,986 | 8.22 | 2.15 | 3.12 | 14.08 |
| ABC | 3Q22 | 1,702 | 12,067 | 5.91 | 0.83 | 1.50 | NA |
| PEPC** | 2Q22 | 33 | 1,468 | 87.08 | 1.96 | 0.99 | 24.85 |
| DBDE | 3Q22 | -123 | 1,426 | NA | 1.51 | 0.64 | 2.36 |
| 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
Mixed trading on the Cambodia Securities Exchange On August 7, 2023, the CSX index dropped by 0.36% to 490.3 points. There were drops in GTI, PPSP, ABC, and PEPC of 0.65%, 0.88%, 0.40%, and 0.69%, respectively. On the other hand, PWSA remained constant while PPAP rose by 0.56%. On the growth board, JSL increased by 0.57% and DBDE stayed unchanged. The trading volume was up 70.8% over the previous day's closing volume at 148,717 shares, or KHR 858 million. (Source: YSC Research)
Economy and Industry
The insurance industry records a $28.7M premium in June Cambodia's insurance sector experienced a 7.5% increase in premiums in June 2022, driven by 18 general insurers, 14 life insurers, seven micro-insurance companies, one reinsurance firm, and 20 insurance brokers, 34 corporate agents, and loss adjusters. The gross premium of the general insurance market rose 24.2% to $11 million, while life insurance premiums totaled $17 million, a 1.1% decrease. The insurance sector contributes about 1.17% to the country's GDP per year, with a $20.53 per person insurance density. The Insurance Regulator of Cambodia aims to achieve an economic insurance contribution rate of 5.5% and an insurance premium rate of $135 per capita by 2030, requiring stakeholders to strengthen human resources capacity through public awareness campaigns. (Khmer Times)
Exports from Singapore increased over 500% in H1 Cambodia's trade surplus with Singapore increased by $43.3 million in the first half of 2023, compared to the same period last year. The Cambodia Chamber of Commerce vice-president Lim Heng said the double tax agreement has increased trade between the two countries, particularly in the export of goods from Cambodia to Singapore. Singapore is committed to strengthening bilateral trade cooperation with Cambodia, with foreign direct investment reaching $39 billion in the first half of 2021. Cambodia's exports include garments, bags, shoes, electrical items, agricultural and agro-industrial products, while Singapore's imports include electronics, electrical products, construction materials, and some pharmaceuticals. (Source: The Phnom Penh Post)
South Korea is looking at a cashew facility in Cambodia South Korea's agricultural resources association is considering establishing a cashew processing plant in Cambodia to boost value-added cashew exports. The Korean delegation, led by project manager Heo Jang, visited Cambodia to discuss the project. The visit aims to increase the value of cashew exports and attract more Korean investors to invest in Cambodia's cashew sector. The South Korean government's Official Development Assistance (ODA) program may also help. The initiative aligns with the National Policy on Cashew Nuts for 2022-2027 and is expected to attract more Korean investors and goods from Cambodia due to the free trade agreement. (Source: The Phnom Penh Post)
Corporate News
SME Bank provides $54 million in loans to businesses in the tourist industry As of July 31, 2023, the state-owned Small and Medium Enterprise Bank of Cambodia has disbursed $54 million in loans to tourism-related businesses through its Tourism Recovery Co-Financing Scheme. This amount represents 36% of the $150 million allocated for the scheme, with 349 companies receiving financing. The scheme has approved loans for hotels, guesthouses, restaurants, and other tourism businesses. Women entrepreneurs have contributed 41% to the tourism industry development. The scheme aims to support Covid-19-hit tourism businesses, with loans up to $400,000 available. The scheme aims to restore, recover, and strengthen competitiveness, as well as promote and transform the tourism sector to be more attractive. (Source: Khmer Times)
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