Almost 700 trusts with $1.22 billion in registration

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Stock Market

CSX index on November 16, 2023: mixed performance with notable gains and declines On November 16, 2023, the CSX index concluded at 443.9 points, signaling a 0.49% decrease from the preceding day. Noteworthy gainers on the main board included PEPC (+2.60%), CGSM (+0.85%), MJQE (+0.48%), PAS (+0.48%), GTI (+0.35%), and ABC (+0.21%). Conversely, PPSP (-0.46%), PPAP (-0.29%), and PWSA (-0.27%) recorded declines on the same board. In the growth board, DBDE saw a 0.48% increase, while JSL remained steady at KHR 2,390. The total trading activity involved 65,538 shares, with a total value of KHR 348 million. (Source: YSC Research)

Economy and Industry

Almost 700 trusts with $1.22 billion in registration Cambodia has seen a significant increase in trusts, with 683 trusts registered with an investment fund of $1.22 billion as of November 14, according to Director General Sok Dara. The trust sector's growth is attributed to foreign investors' confidence and understanding, as well as the need for the banking sector to support investments in the real estate sector. The 2019 Trust Law sets rules for establishing, registering, managing, and controlling four types of trusts: Commercial Trust, Public Trust, Social Trust, and Individual Trust. The Non-Banking Financial Services Authority has also issued guidelines for the recognition of appraisal companies and real estate appraisers in trust investment. The trust sector plays a crucial role in Cambodia's economic development. (Source: Khmer Times)

PRI and JFC-Micro empower Cambodia's SME Bank through startup financing seminar The Policy Research Institute (PRI) and Japan Finance Corporation (JFC-Micro) have conducted a seminar on supporting and financing start-ups in Cambodia. The seminar, attended by 33 participants, aimed to build capacity for SME Bank of Cambodia staff in this area. The project, launched in June 2023, aims to improve credit operations and human resources by transferring JFC-Micro's know-how to SME Bank of Cambodia staff. Despite SMEs being a significant driver of Cambodia's economic growth, financing them remains a challenge due to their informal nature and lack of financial statements. The seminar highlighted the importance of supporting business start-ups for government financial institutions and highlighted the potential for cooperative support with private banks. In Japan, supporting startups could boost job creation significantly. The SME Bank of Cambodia has two financing methods for SMEs: direct financing and co-financing schemes. The bank aims to focus on developing product-suitable distribution channels, particularly human resources, and collaborating with partner banks and financial institutions. (Source: Khmer Times)

The first collective investment fund in Cambodia is launched The Securities and Exchange Regulator of Cambodia (SERC) has granted approval to the BAMC Asia Equity Fund (BAEF), marking Cambodia's inaugural collective investment scheme fund. This unit trust fund, managed by BAMC and advised by Banjaran Asset Management Pte Ltd (BAMPL), focuses on a diverse portfolio of companies listed on major stock exchanges across the Asia Pacific, including Cambodia. Positioned as 'The Rise of Asia,' the fund seeks to offer the advantages of investing in the dynamic Asian market, recognized as a leading growth region in the foreseeable future. Operating as an open-ended fund domiciled in Cambodia, BAEF allows daily subscriptions and redemptions, with its unit price available through various media channels. The SERC will maintain oversight to ensure regulatory compliance, and the Cambodian Investment Board has endorsed BAMC's operations. Incorporated in Cambodia in 2022, BAMC holds a fund management license from the SERC, authorizing the establishment and management of a public fund under the collective investment scheme. (Source: Khmer Times)

Corporate News

PWSA's Q3 Net Profit rose to $10 million in Q3 2023 The Phnom Penh Water Supply Authority (PWSA) reported a 42% increase in net profit to 39.8 billion riel ($9.8 million) for the first 9 months of 2023, compared to 28.0 billion riels in the same period last year. Quarterly revenue also grew 17.6% YoY to 107.7 billion riel ($26.6 million). The rise in net and operating profits and revenue was primarily due to a 31% rise in water sales. PWSA's total assets amounted to 3.0 trillion riel ($745.9 million) as of September 30, 2023, while total equity stood at 1.4 trillion riel ($335.2 million). The water distribution network will be expanded to surrounding areas of Phnom Penh, with water treatment facilities to be extended. The PWSA board aims to achieve total revenue of 111.8 billion riel and keep total expenses to 63.1 billion riels. (Source: Kiri Post)

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