World Bank approves $163 million for Cambodia's clean water and sanitation projects

/ November 23, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
444 0.26 46,989 11,909

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 7,200 0.00 -0.55 -4.76 7,280 7,120 28,063 626
GTI 2,850 0.00 1.79 -25.00 2,910 2,800 994,487 114
PPAP 13,800 1.47 -0.86 -1.43 14,000 13,600 4,203 285
PPSP 2,170 -0.46 1.88 -9.21 2,190 2,100 70,863 156
PAS 12,460 0.00 1.30 -6.46 12,600 12,240 20,490 1,069
ABC 9,600 0.00 -0.83 -11.28 9,680 9,420 507,317 4,158
PEPC 2,390 6.70 3.91 -24.13 2,440 2,240 5,067 179
MJQE 2,090 -0.48 -0.95 NA 2,120 2,090 183,531 677
CGSM 2,370 0.42 2.16 NA 2,370 2,300 153,388 4,643
DBDE 2,120 0.00 0.95 -11.30 2,140 2,090 56,451 39
JSL 3,100 8.39 33.62 -37.50 3,100 2,210 20,159 80
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* 2Q23 1,170 15,172 6.15 0.47 1.71 8.81
GTI 2Q23 95 7,181 29.86 0.40 0.31 11.66
PPAP* 2Q23 2,412 38,041 5.72 0.36 2.04 4.93
PPSP 2Q23 489 3,576 4.44 0.61 0.68 3.86
PAS* 2Q23 1,191 11,029 10.46 1.13 3.22 8.17
ABC 2Q23 1,608 12,485 5.97 0.77 1.28 NA
PEPC** 2Q23 -312 1,220 NA 1.96 2.25 31.95
MJQE 2Q23 29 289 72.54 7.22 5.51 17.36
CGSM 2Q23 98 392 24.29 6.04 5.95 14.36
JSL 2Q23 -239 185 NA 16.72 NA NA
DBDE 2Q23 76 1,919 28.02 1.10 0.52 11.56
NOTE: ttm= trailing-twelve months; mrq = most recent quarter; *Excluding equity of non-common shares for PPWSA, PPAP and PAS; **FY ending in June

Corporate Bonds

Trading Summary

Bond Symbol Trading Vol (Units) Trading Val (KHR'mn) Latest Yield Credit Rating Bond Feature Coupon Rate (%) Days to Maturity
GT27A 0 0.0 - - N/A Plain , Green 7.00% 1,474
RMAC25A 0 0.0 - - N/A Guaranteed 5.50% 503
RRC32A 0 0.0 - - N/A Guaranteed 7.00% 3,244
RRGO27A 0 0.0 - - KhAAA Guaranteed Floating* 1,491
RRGT32B 0 0.0 - - KhAAA Guaranteed Floating** 3,318
TCT26A 0 0.0 - - N/A Plain 4.50% 1,006
*SOFR+3,5% or 5% (take which one is higher); **SOFR+3,5% or 5% (take which one is higher) and Year 6 to Year 10: SOFR+3,75% or 5% (take which one is higher)

Government Bonds

Historical Issuance Summary

  1 Y 2 Y 3 Y 10 Y 15 Y
Total issuance ('K units) 148.1 132.0 16.0 - -
Outstanding (KHR'bn) 82.0 132.0 16.0 - -
Issuance ('K units, Latest) 20.0 28.0 8.0 - -
Coupon rate (Latest) 3.48% 3.48% 4.50% - -
Successful yield (Latest) 3.85% 4.28% 5.20% - -
Latest bidding 45,217 45,252 45,189 - -
*Total issuance is the accumulated issuance since September 2022; **Outstanding is aggregate principal value of government that remain outstanding; ***Successful yield: mid yields are shown if multiple price auction method was adopted.

News Highlights

Stock Market

CSX index shows increment on November 23, 2023 On November 23, 2023, the CSX index concluded the day at 444.0 points, indicating a 0.26% rise compared to the previous day. On the main board, PEPC (+6.70%), PPAP (+1.47%), and CGSM (+0.42%) saw increases, while MJQE (-0.48%) and PPSP (-0.46%) experienced declines. PWSA, GTI, PAS, and ABC maintained their positions without any changes. DBDE closed at KHR 2,120, and JSL showed a significant increase of 8.39% on the growth board. The total trading activity involved 46,989 shares, with a combined trading value of KHR 319 million. (Source: YSC Research)

Economy and Industry

World Bank approves $163 million for Cambodia's clean water and sanitation projects The World Bank has approved a $163 million project to support Cambodia's efforts in improving water supply and sanitation services in four provinces, benefiting over 175,000 people. The project aims to contribute to the achievement of the UN's Sustainable Development Goal 6, which targets clean water and sanitation for all by 2030. As of 2022, less than a third of Cambodians had access to a safely managed water supply, and just over a third used safely managed sanitation. The six-year Water Supply and Sanitation Acceleration Project will support government actions to increase access to safe water supply and sanitation, improve the operation and maintenance of existing systems, and ensure the sustainability of services. Additionally, the project will collaborate with private operators to mobilize an additional $17.6 million in private funding to expand water supply services. The Ministry of Industry, Science, Technology & Innovation will oversee water supply activities, while the Ministry of Public Works and Transport will manage urban sanitation activities. (Source: Khmer Times)

NBC and PBoC sign memorandums of understanding to ensure secure cross-border payments The National Bank of Cambodia and the People's Bank of China have signed two Memoranda of Understanding (MoUs) in Beijing to facilitate innovation in the banking and payment systems. The first MoU focuses on cooperation in the areas of financial innovation and payment systems, with the aim of facilitating efficient and secure cross-border payment transactions between the two countries. The second MoU concentrates on establishing clearing and settlement arrangements in Cambodia, enhancing coordination and cooperation to strengthen the capabilities of the Cambodian banking sector in better serving the increasing bilateral trade, investments, and financial flows between the two countries. The MoUs aim to increase the ease of transactions made through digital payment systems and linkages between banks, mobile networks, and payment service providers in the two countries. They also aim to minimize the risks associated with bilateral cross-border small- and medium-sized trading and financing, thereby driving more cross-border trades and stimulating higher growth of trade transaction volumes and scales bilaterally between Cambodia and China. (Source: Khmer Times)

Construction of a new international airport passes 55% The construction of Techo International Airport (TIA) in Cambodia is nearly complete, with the first phase expected to finish by the end of 2024 and operations scheduled to commence in mid-2025. The project, designed to meet international standards and facilitate direct flights from distant countries, is anticipated to open in the first half of 2025. Construction began in 2019, and the first phase is projected to conclude by mid-2024. The Pacific Asia Tourism Association (PATA) Cambodia Chapter is optimistic that TIA will accommodate the increasing number of international tourists and offer direct flights from countries worldwide. Between January and September 2022, the country's three international airports collectively welcomed 3,685,354 passengers, reflecting a remarkable 162% increase from the previous year. (Source: The Phnom Penh Post)

Corporate News

The pioneer of solar automobiles in Cambodia anticipates exporting energy to Singapore Cambodia's first solar car, developed by Kong Pharith, is in the design stage for production. Pharith believes that solar cars can be manufactured once the solar cell achieves a 60-70% efficiency in converting solar power to electricity. The Cambodian government plans to increase solar farms to match economic growth, with the private sector also involved. Pharith hopes that the government will increasingly rely on solar energy in the future. The country's solar power target is expected to be achieved by 2050, with the percentage of solar power in Cambodia's total energy mix projected to rapidly increase to 3,155 MW by 2040. Investment in clean energy has experienced a 12 percent growth since 2020, partly due to increased public and private support for sustainable finance. (Source: Khmer Times)

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