Exports of milled rice increased by 25% in January

CSX Index

Stock Performance

Valuation Ratios

Trading Summary

Historical Issuance Summary

Stock Market

Mixed movements on main and growth boards On February 12, 2024, the CSX index closed at 466.4 points, marking a slight 0.17% decrease from the previous day. Notable fluctuations were observed across the main board, with PAS (+0.32%) and PPAP (+0.14%) showing gains, while MJQE (-0.47%), CGSM (-0.39%), and PWSA (-0.27%) registered declines. Nevertheless, GTI, PPSP, ABC, and PEPC maintained their opening prices. Meanwhile, on the growth board, DBDE and JSL saw decreases of 0.46% and 1.44%, respectively. The day's trading activity involved 44,031 shares, amounting to a cumulative trading value of KHR 387 million. (Source: YSC Research)

Economy and Industry

Exports of milled rice increased by 25% in January Cambodia exported 46,221 tonnes of milled rice in January 2024, marking a 25.2% increase from the 36,900 tonnes exported in the same period last year, according to the Cambodia Rice Federation. The country earned a total revenue of $32.6 million from this commodity export, reflecting a 13.1% YoY increase. The European Union stood out as the top buyer, accounting for 54% of the total exports, while other destinations imported 4,046 tonnes from Cambodia. Rice varieties exported included fragrant, organic, white, parboiled, and japonica rice. Additionally, Cambodia exported 588,814 tonnes of paddy rice, valued at an estimated $184 million. Prime Minister Hun Manet recommended strategies such as enhancing current markets, expanding into new markets through free trade agreements, and promoting products. He also tasked provincial officials with monitoring water reservoirs and irrigation systems to ensure farmers' agricultural success. Furthermore, he urged the private sector to invest in aquaculture processing and reduce imports. Last year, Cambodia exported 656,323 tonnes of milled rice, representing a 3% increase from the previous year. (Source: Khmer Times)

EXIM Thailand and CCC collaborate to promote investment and trade between Thailand and Cambodia. Thailand and Cambodia have signed a Memorandum of Understanding (MOU) to enhance their trade and investment ties. The MOU aims to promote economic cooperation, trade, investment, and the development of the Greater Mekong Subregion. Thailand is a significant trading partner of Cambodia, with a trade volume exceeding 8 billion US dollars in 2022. The Cambodian government's economic stimulus policy, known as "Living with Covid-19," has fueled Cambodia's economic growth, with a GDP growth rate exceeding 5% in 2022. Under the new partnership, EXIM Thailand will collaborate with the Cambodia Chamber of Commerce to connect Thai and Cambodian business networks, thereby fostering trade and investment prospects. The bank aims to become a "Green Development Bank," intending to enhance the competitiveness of Thai exporters and investors on the global stage. (Source: Khmer Times)

Furniture sales drop 6% to $890 million in 2023 In 2023, Cambodia's exports of furniture, bedding, mattresses, and related stuffed furnishings amounted to $890 million, representing a 6.2% decline from the previous year. These exports, categorized under Harmonised System (HS) Code 94, accounted for 3.9% of the country's total international exports, which totaled $22.64 billion. In December 2023 alone, the export value of items falling under Code 94 reached $59.93 million, marking a significant 34.7% increase from $44.49 million in the same month of 2022. Hong Vanak, the director of International Economics at the Royal Academy of Cambodia, expressed optimism that the situation would improve with the resolution of geopolitical conflicts and armed disputes. He also noted that export values to international markets had been declining since the second half of 2022 but have gradually begun to recover. Furthermore, the activation of bilateral and multilateral free trade agreements is expected to expand Cambodia's export market as the world economy recovers. (Source: The Phnom Penh Post)

Corporate News

Launch of a cassava processing facility in Oddar Meanchey The establishment of a cassava processing plant in Oddar Meanchey, Cambodia, is expected to increase the yield and market presence of the crop, aligning with the government's recognition of cassava as a primary agro-industrial crop. The $10 million facility, owned by TWPC Investment (Cambodia) Co Ltd, was formally inaugurated on February 7th. Cassava holds a pivotal role in Cambodia's agricultural landscape, with the government launching its 2020-2025 National Cassava Policy in early 2021 to bolster production and promote commercial exports. In 2023, the Kingdom exported over 3 million tonnes of cassava products, comprising 1.96 million tonnes of fresh cassava, 1.2 million tonnes of cassava chips, 36,257 tonnes of tapioca starch, and 74,796 tonnes of cassava pulp. (Source: The Phnom Penh Post)

Main Board

Growth Board