Over 100 tonnes of Kampot pepper are exported by Cambodia

CSX Index

Stock Performance

Valuation Ratios

Trading Summary

Historical Issuance Summary

Stock Market

CSX index sees marginal growth on January 10 On January 10, 2024, the CSX index concluded at 469.8 points, registering a marginal 0.06% increase from the previous day. Key movements on the main board showcased positive gains for PPSP (+0.93%), MJQE (+0.48%), PAS (+0.32%), and PPAP (+0.29%). Conversely, PEPC (-0.75%) and GTI (-0.35%) faced declines, while PWSA, ABC, and CGSM maintained their prices. On the growth board, DBDE and JSL witnessed a 0.47% and 1.43% decrease, respectively. The trading activity involved a total of 37,030 shares, with a cumulative trading value reaching KHR 191 million. (Source: YSC Research)

Economy and Industry

Over 100 tonnes of Kampot pepper are exported by Cambodia Cambodia's Kampot pepper, a Geographical Indication (GI) product in the European Union, saw a marginal decline in exports, totaling 103 tonnes in 2023 - a decrease of 11% compared to 2022, as reported by the Kampot Pepper Promotion Association. The renowned pepper, known for its exquisite aroma and robust spiciness, remains in demand, with 85% of its exports directed to Europe and the remaining 15% to other global markets. Despite the slight dip, the association, which typically sells around 100 to 110 tonnes annually, is optimistic about potential market entry into China. The region boasts 240 hectares of pepper farms, achieving an average yield of 2.5 tonnes per year, and the current market price stands between $3,000-$3,500 per tonne. Kampot's pepper farms, situated in the coastal province, undergo a harvesting season from March to June. (Source: Khmer Times)

USAID works to enhance the cashew value chain in Cambodia The U.S. Agency for International Development (USAID) is collaborating with the Cambodia Cashew Federation to enhance the Cambodian cashew value chain through the Cashew Export Development Programme. Executed by USAID's Feed the Future Cambodia Harvest III project, the initiative focuses on empowering cashew farmers and processors with training in post-harvest handling, grading, sun-drying, warehousing, food safety standards, and market requirements. Facilitating connections between Cambodian sellers and international buyers at trade fairs and business matchmaking events, the program has not only generated employment in rural communities but has also contributed to increased sales in global markets. The overarching goal is to position Cambodia's cashew sector as a leading global player in processing and export by 2027. (Source: Khmer Times)

Cambodia requests loan of 1.7 billion SDR for projects of development in 2024 Cambodia is pursuing a $2.3 billion loan, with 1.7 billion in Special Drawing Rights (SDR), in 2024 to bolster key sectors. The government maintains the loan size at 1.7 billion in SDR, an IMF-created international reserve asset, considered "sustainable" with "low risk" in the medium term. The Fiscal Year 2024 budget highlights projects in irrigation, infrastructure, education, vocational training, and trade promotion. The foreign loan is viewed as non-burdensome, given Cambodia's "sustainable" and "low-risk" public debt situation. Planned financing for loan repayment in 2024 is set at 2.1 trillion riel, equivalent to 1.48 percent of GDP. As of Q3 2023, total foreign public debt stood at $10.7 billion, with 65% being bilateral debt, notably 38% from China. (Source: Kiri Post)

Corporate News

Phillip Trustee, a Singapore-owned commercial bank, and OCIC Group have formed a partnership to promote foreign investments in Cambodia Phillip Trustee (Cambodia) Co., Ltd. and OCIC Group, Cambodia's prominent property and infrastructure conglomerate, have joined forces to enhance foreign direct investment options in real estate for 2024. This collaboration introduces Trust Services for acquiring landed properties within OCIC Group's Cambodian network. Expanding their alliance, the partnership between the Cambodian conglomerate and the Singapore-based financial services company aims to provide a broader range of trust services to foreign investors entering Cambodia. Aligned with OCIC's long-term vision, the collaboration enhances international engagement, offering diverse choices and higher quality standards to customers. It also aligns with Cambodia's initiative to facilitate foreign ownership through trustee management firms, fostering increased foreign investments and effective asset management in the country. (Source: Cambodia Investment Review)

Main Board

Growth Board