Cambodia spearheads ASEAN economic integration at Business Summit 2024
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 453.58 | 0.07 | 56,907 | 12,166 |
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 | 7,240 | 0.00 | -0.28 | -0.55 | 7,280 | 7,180 | 4,892 | 630 |
| GTI | 2,650 | -2.21 | -2.57 | -6.69 | 2,790 | 2,650 | 2,315 | 106 |
| PPAP | 13,200 | 0.15 | -0.15 | -5.71 | 13,780 | 13,160 | 328 | 273 |
| PPSP | 2,080 | 0.00 | 0.48 | -4.59 | 2,120 | 2,070 | 3,055 | 150 |
| PAS | 12,360 | 0.32 | -0.16 | -1.75 | 12,540 | 12,300 | 1,652 | 1,060 |
| ABC | 9,600 | 0.00 | -0.62 | -4.57 | 9,800 | 9,600 | 109,215 | 4,158 |
| PEPC | 2,410 | 2.12 | 0.84 | -12.04 | 2,700 | 2,360 | 229 | 181 |
| MJQE | 2,070 | 0.49 | 0.00 | -2.82 | 2,090 | 2,060 | 37,646 | 671 |
| CGSM | 2,520 | 0.00 | -1.18 | -4.18 | 2,600 | 2,520 | 15,775 | 4,937 |
| DBDE | 2,120 | 0.47 | 1.44 | -0.93 | 2,160 | 2,090 | 2,425 | 39 |
| JSL | 3,950 | 0.00 | -0.25 | -10.23 | 4,000 | 3,810 | 104 | 102 |
| 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 | 1,382 | 15,172 | 5.24 | 0.48 | 1.09 | 5.52 |
| GTI | 2Q23 | 95 | 7,181 | 27.76 | 0.37 | 0.29 | 11.09 |
| PPAP* | 2Q23 | 2,412 | 38,041 | 5.47 | 0.35 | 1.95 | 4.76 |
| PPSP | 2Q23 | 489 | 3,576 | 4.26 | 0.58 | 0.65 | 3.75 |
| PAS* | 2Q23 | 1,191 | 11,029 | 10.38 | 1.12 | 3.19 | 8.12 |
| ABC | 2Q23 | 1,608 | 12,485 | 5.97 | 0.77 | 1.28 | NA |
| PEPC** | 2Q23 | -312 | 1,220 | NA | 1.98 | 2.27 | 32.05 |
| MJQE | 2Q23 | 29 | 289 | 71.85 | 7.15 | 5.46 | 17.20 |
| CGSM | 2Q23 | 98 | 392 | 25.83 | 6.43 | 6.33 | 15.15 |
| JSL | 2Q23 | -239 | 185 | NA | 21.30 | 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 |
| CGSM33A | 0 | 0.0 | - - | KhAAA | Sustainability | Floating* | 3,513 |
| CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% | 1,717 |
| GT27A | 0 | 0.0 | - - | N/A | Plain , Green | 7.00% | 1,342 |
| RMAC25A | 0 | 0.0 | - - | N/A | Guaranteed | 5.50% | 371 |
| RRC32A | 0 | 0.0 | - - | N/A | Plain | 7.00% | 3,112 |
| RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating** | 1,359 |
| RRGT32B | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating*** | 3,186 |
| TCT26A | 0 | 0.0 | - - | N/A | Plain | 4.50% | 874 |
| TCT28A | 0 | 0.0 | - - | KhAAA | FX-Linked | Floating**** | 1,731 |
| *SOFR +3% or 5.5% , whichever is higher; **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);****Term SOFR + 2.5% | |||||||
| Government Bonds |
Historical Issuance Summary
| 1 Y | 2 Y | 3 Y | 10 Y | 15 Y | |
| Total issuance ('K units) | 170.1 | 292.0 | 22.0 | - | - |
| Outstanding (KHR'bn) | 74.0 | 292.0 | 22.0 | - | - |
| Issuance ('K units, Latest) | 22.0 | 140.0 | 6.0 | - | - |
| Coupon rate (Latest) | 3.50% | 4.50% | 4.50% | - | - |
| Successful yield (Latest) | 3.85% | 5.13% | 4.75% | - | - |
| Latest bidding | 24-Jan-24 | 20-Mar-24 | 20-Dec-23 | - | - |
| *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 rebounds on April 03, 2024 On April 03, 2024, the CSX index concluded at 453.6 points, registering a marginal uptick of 0.07% compared to the previous day's close. Market activity on the main board showed a mixed picture, with notable gains observed in PEPC (+2.12%), MJQE (+0.49%), PAS (+0.32%), and PPAP (+0.15%), while GTI (-2.21%) witnessed a decline. Meanwhile, PWSA, PPSP, ABC, and CGSM held steady at their opening prices. Over on the growth board, DBDE saw an increase of 0.47%, while JSL remained unchanged. Total trading volume for the day reached 56,907 shares, with a cumulative trading value of KHR 341 million. (Source: YSC Research)
Economy and Industry
Cambodia spearheads ASEAN economic integration at Business Summit 2024 In a speech given at the Cambodia-ASEAN business summit, PM Hun Manet reaffirms Cambodia's commitment to play a bigger role in strengthening the economic integration of ASEAN as the country is expected to have the highest GDP growth in the region with a forecasted growth rate of 6.6% in 2024. The summit, attended by 450 delegates, highlighted Cambodia's readiness to be a strategic partner for regional economic opportunities, focusing on initiatives like the "Plus-One Strategy" to attract high-tech investments and enhance digitalization. Furthermore, PM Manet noted that the government is making strategic investments in a network of interconnected infrastructure, including development of expressways, deep-sea ports and international airports, creating key economic corridor to connect Cambodia with other ASEAN nations. PM Manet also highlighted the skill development initiative in which 1.5 million youth will be reskilled or upskilled within 5 years, which will further bring in more investments and job creation. (Source: Khmer Times)
Investors urged to support Cambodia's energy goals Cambodia emphasized its commitment to achieving its ambitious renewable energy targets and carbon neutrality by 2050 at the Cambodia-ASEAN Business Sumit 2024, inviting regional investors to participate in clean energy initiatives. Keo Rottanak, Cambodia's Minister of Mines and Energy, outlined a four-point strategy focusing on increasing renewable energy development, building a resilient energy grid, facilitating cross-border electricity trading, and capacity building for local workers to meet demand. Minister Rottanak underscores the importance of a multifaceted approach for a successful transition into clean energy and highlighted Cambodia's active engagement with regional powers on power trade within ASEAN. In addition, the Minister also mentioned Cambodia's plan to formulate a policy on Electric Vehicle (EVs), aiming for 40% of cars and 70% of motorbikes to be EVs by 2050. Within the policy framework, it will contain incentives for investors in assembly units and charging stations. The discussion panel also addressed high energy charges and Cambodia's progression towards more affordable tariffs as it advances its clean energy initiatives. (Source: Khmer Times)
Science, Technology & Innovation to advance Cambodia's income status The recent conclusion of Cambodia's 2nd National Science, Technology & Innovation Day (STI Day) underscores the nation's commitment to leveraging advancements in science and technology to achieve its socioeconomic goals. With over 31,000 attendees, including representatives from SMEs and the general public, the event facilitated idea exchange, networking, and problem solving. Minister of Industry, Science, Technology & Innovation, Hem Vanndy, highlighted the event's significance in driving progress towards Cambodia's aspirations of becoming a high-level middle -income country by 2030 and high-income by 2050. The government's Pentagonal Strategy, which focuses on growth, employment, equity, efficiency, and sustainability, outlines transformative initiatives to realize these objectives. The minister stresses the importance of collaboration between government entities and private sector partners to propel Cambodia's innovation ecosystem forward. (Source: Khmer Times)
Corporate News
Cellcard becomes main sponsor of Cambodia-ASEAN Business Summit 2024 Cellcard (CAMGSM PLC), a leading Cambodian telecommunications provider, proudly sponsored the Cambodia-ASEAN Business Summit 2024, held at Sofitel on April 1-2, 2024. The event, graced by PM Hun Manet, focused on unlocking ASEAN's potential through connectivity, technology, and inclusive growth. As the main sponsor of the event, Cellcard reaffirmed its commitment to becoming more than just a Telecommunications company by using its technology to bridge development gaps and foster inclusive growth across ASEAN. As the frontline company of the Royal Group of Companies (RGC), Cellcard is positioned as a vital gateway for businesses entering Cambodia and connecting the country to the rest of ASEAN by leveraging the synergies of RGC. With over four million customers and reputation for first-to-market innovations, Cellcard continues to expand its portfolio to drive connectivity and enhance customer experiences in Cambodia and beyond. (Source: Phnom Penh Post)
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