Over 11,000 new companies are registered by the ministry in the first 11 months of 2023

CSX Index

Stock Performance

Valuation Ratios

Trading Summary

Historical Issuance Summary

Stock Market

Positive trends and stable performances on Main and Growth Boards On December 29, 2023, the CSX index concluded at 472.7 points, indicating a 0.14% increase from the previous day's close. Noteworthy positive movements were observed on the main board, with PEPC (+1.86%), MJQE (+0.47%), ABC (+0.20%), PAS (+0.16%), and PPAP (+0.14%) registering gains. No stocks experienced a decline on the main board, while PWSA, GTI, PPSP, and CGSM maintained their values from the previous day. On the growth board, both DBDE and JSL witnessed no movement. The overall trading activity involved 58,422 shares, with a total trading value reaching KHR 354 million. (Source: YSC Research)

Economy and Industry

Over 11,000 new companies are registered by the ministry in the first 11 months of 2023 The Cambodian Ministry of Commerce registered 11,506 new companies and enterprises in January-November 2023, reflecting a 14.58% increase compared to the same period last year. Of these, over 61% are registered as enterprises, including 65 foreign business companies. The ministry reserved 5,917 new business names, marking a 2.47% decrease from the previous year. Meanwhile, 967 companies were removed, indicating a 21.78% increase from the 794 recorded in 2022. The ministry is actively working on improving public service delivery through automation, aiming to reduce costs and processing time. It also focuses on maintaining price stability, boosting domestic trade, fostering market development, and supporting private sector development. In 2020, the government launched the Single Portal, an online business registration system designed to approve applications within eight working days. This system seamlessly integrates six ministries, allowing investors to register their businesses and taxes through a unified platform. The government plans to expand the system to encompass all ministries and institutions, ensuring the issuance of all licenses and certificates in a digital format. (Source: Khmer Times)

Cambodia plans to keep offering export duty incentives in the rubber industry Cambodia plans to extend tax incentives for rubber exports for an additional two years, starting January 1, 2024, to support growers and exporters facing declining prices due to reduced international demand. A government sub-decree outlines revised export tariffs on rubber, allowing exports to be tax-free if the price drops below $1,600 per tonne. For other situations, the duty structure depends on the current price and export value. Various ministries and relevant institutions are assigned responsibility for implementing these measures. This decision was made in response to a request from the private sector during the Government-Private Sector Forum. According to the rubber department, the country earned $445.5 million from rubber exports and $1.503 million from rubber timber from January to November. The establishment of tire factories in Preah Sihanouk, Kratie, and Svay Rieng provinces is expected to boost local consumption. Currently, the country has a total rubber cultivation area of 404,578 hectares, with 78% dedicated to latex production. (Source: The Phnom Penh Post)

In November 2023, insurance premiums drop to $23 million The Insurance Regulator of Cambodia (IRC) reported a 7.87% decline in premiums in November, with the insurance sector contributing approximately 1.17% to the country's GDP annually. The sector is comprised of 18 general insurers, 14 life insurers, seven micro-insurance companies, one reinsurance firm, 20 insurance brokers, 34 corporate agents, and loss adjusters. The gross premium from general insurance stood at $9.07 million, marking a 13.47% decrease from the previous year. The total amount of gross claims paid out by insurers reached $4 million, reflecting a 21.96% increase compared to the previous year. To enhance awareness about compulsory insurance and its benefits, the IRC has been organizing workshops. Currently, the insurance density in Cambodia is about $20.53 per person, indicating significant potential for future development. (Source: Khmer Times)

Corporate News

A local business intends to make investments in waste management A local firm, CH. KimhaingAphivat (Cambodia) Co., Ltd., intends to collaborate with the Ministry of Environment in establishing a small-scale waste processing plant. This initiative aims to support the Royal Government's endeavors to address the waste issue. Mr. Phoeur Kimhaing, the General Director of CH. KimhaingAphivat (Cambodia) Co., Ltd., expressed this intention during a courtesy visit to Minister of Environment Dr. Eang Sophalleth on December 27. In response, the minister expressed gratitude to the company for its commitment to contribute to landfill development. However, he requested the company to present its project in advance for thorough examination by relevant ministries and institutions, assessing its environmental impacts. Sophalleth reiterated the ministry's dedication to environmental protection, particularly in solid waste management. He emphasized the initial priority of reducing the use of plastic bags, followed by the management of plastic and solid waste in schools. The Ministry of Environment has set a goal to establish landfills in all provinces and cities within the next two years, according to the minister. (Source: Khmer Times)

Main Board

Growth Board