NBC will take action in the foreign exchange market

/ August 30, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
473.48 0.11 68,978 12,699

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 0.00 -1.32 7,500 7,440 43,285 649
GTI 3,060 -0.65 -2.24 -19.47 3,100 3,040 5,200 122
PPAP 14,100 -0.42 -0.70 0.71 14,380 14,000 3,220 292
PPSP 2,220 0.00 -2.63 -7.11 2,270 2,210 79,546 160
PAS 12,420 -0.16 -3.57 -6.76 12,900 12,400 34,356 1,065
ABC 10,020 0.00 -0.99 -7.39 10,100 10,000 1,315,704 4,340
PEPC 2,610 -0.76 -11.22 -17.14 2,890 2,610 19,069 196
DBDE 2,180 0.46 -0.46 -8.79 2,210 2,140 78,071 40
JSL 3,280 -1.80 -6.02 -33.87 3,520 3,280 7,994 84
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 17.22 0.43 0.27 61.19
PPAP 3Q22 2,897 18,416 4.87 0.77 1.97 5.39
PPSP 3Q22 328 3,576 6.76 0.62 0.92 15.82
PAS 3Q22 1,568 5,986 7.92 2.07 3.01 13.67
ABC 3Q22 1,702 12,067 5.89 0.83 1.49 NA
PEPC** 2Q22 33 1,468 79.19 1.78 0.90 23.78
DBDE 3Q22 -123 1,426 NA 1.53 0.65 2.39
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 posts slight gain, GTI, PPAP, PAS, and PEPC decline Closing at 473.5 points on August 30, 2023, the CSX index rose by 0.11%. For GTI, PPAP, PAS, and PEPC, the corresponding percentage declines were 0.65%, 0.42%, 0.16%, and 0.76%. PWSA, PPSP, and ABC stayed the same. DBDE increased by 0.46% and JSL decreased by 1.80% on the growth board. The trading volume, which was 68,978 shares or KHR 536 million, was down 29.1% from the day before's closing level. (Source: YSC Research)

Economy and Industry

NBC will take action in the foreign exchange market The National Bank of Cambodia (NBC) plans to intervene in the currency market due to slower demand for riel and the US dollar's appreciation in the international foreign exchange market. The NBC cites the harvest season and low agricultural and tourism sectors as factors reducing riel demand. The central bank is prepared to use monetary policy tools to maintain the value of riel and sustainably maintain purchasing power. The US dollar has appreciated due to the Federal Reserve's increased federal interest rate, affecting the global market. (Source: Khmer Times)

ABC and CMA introduced standard lending conditions The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have launched standard loan contracts and standard text contractual terms for banks and financial institutions in Cambodia. These terms will provide customers with small-sized loans up to $50,000 or less starting November 1, 2022. The standard loan contracts set fees, conditions, refinancing time, repayment terms before maturity, complaints, notifications on full repayments, and collateral withdrawal after full payments. The new contracts are part of the implementation of the Pentagonal Strategy-Phase I, which the new government has embarked on. (Source: Khmer Times)

Shoes exports decrease 23% as a result of declining demand between Jan-Jul In the first seven months of 2023, Cambodia's footwear, gaiters, and related items exports decreased by 22.7% from $1 billion in the same period last year. Export goods (HS Code 64) accounted for 6% of the total export value of $13.5 billion. In July 2023, these exports fell 45.7 per cent to $107.9 million from $198.6 million in July 2022. The decline in export revenue began over a year ago due to lower international orders, a result of the Russia-Ukraine war crisis affecting global economic growth. Cambodia's footwear, gaiters, and related items have large markets in the US, EU, Canada, UK, and regional countries. The decline in earnings in this segment is linked to the international market, which has been affected by a series of crises for over three years. (Source: The Phnom Penh Post)

Corporate News

Emart24 of South Korea intends 100 outlets in Cambodia Emart24, a South Korean convenience store chain, plans to open its first store in Cambodia in 2024 and aim to establish 100 branches within five years. The company has signed a three-party agreement with Hanlim Architecture Group and Cambodia's Saisons Brother Holding to start operations in the Kingdom. Emart24 will license its branding and operational model to the joint venture, tentatively named "Emart24 Cambodia," while receiving royalties in return. The company is the first Korean convenience store chain to enter the Cambodian market and aims to expand its store count to 100 outlets within five years. (Source: The Phnom Penh Post)

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