Royal Railway lists its $10 million bonds

Market Update / November 1, 2022

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
469.76 -0.01 92,376 7,124

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 7,420 0.00 0.00 3.63 7,440 7,280 492 645
GTI 3,850 -1.03 -1.03 -8.77 3,940 3,800 317 154
PPAP 14,000 0.00 0.00 -4.76 14,400 13,980 233 290
PPSP 2,320 0.00 0.00 12.08 2,340 2,290 2,947 167
PAS 12,980 0.31 0.31 -2.55 13,000 12,800 839 1,113
ABC 10,440 0.00 0.00 -0.76 10,440 10,200 67,906 4,522
PEPC 3,100 -1.27 -1.27 -1.59 3,190 3,100 1,040 232
DBDE 2,380 0.00 0.00 3.03 2,390 2,370 448 44
JSL 5,280 -2.94 -2.94 NA 5,900 3,760 282 136
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 2Q22 1,607 8,930 4.62 0.83 1.74 6.41
GTI 2Q22 -19 6,987 NA 0.55 0.29 44.04
PPAP 2Q22 2,797 15,972 5.01 0.88 2.00 3.16
PPSP 2Q22 160 3,451 14.50 0.67 1.22 5.71
PAS 2Q22 1,546 4,889 8.40 2.65 3.12 12.82
ABC 2Q22 1,588 11,277 6.58 0.93 1.59 NA
PEPC** 2Q22 349 1,349 8.87 2.30 0.97 21.84
DBDE 2Q22 -202 1,993 NA 1.19 0.69 5.60
NOTE: ttm= trailing-twelve months; mrq = most recent quarter; *Excluding equity of non-common shares for PPWSA, PPAP and PAS; **FY ending in June

News Highlights

Stock Market

CSX market index retreats slightly for second day straight  On November 1, 2022, the CSX market index stayed moved slight down 0.08 points, or 0.02% to 469.68 points. Today, PAS was the only stock that gained 0.31% from KHR12,940 to KHR12,980. Meanwhile, GTI, PEPC, and JSL recorded a drop of 1.03%, 1.27%, 2.94% respectively. Following the heavy drop from last friday, JSL stock recorded one more drop today. PWSA PPAP, PPSP, ABC and DBDE shares stay unchanged. (Source: Yuanta Securities)

Economy and Industry

Number of deposit accounts at banks and MDIs up 18% in first 8 months The number of customers' deposit accounts at commercial banks and microfinance deposit-taking institutions (MDIs) in Cambodia had risen to 14.3 million in August, up 18% from 12.1 million at the end of 2021, a central bank official said on Monday. He said the customers' deposits increased by 8% to $41.5 billion in August from $38.4 billion at the end of 2021. In Channy, a board member of the Association of Banks in Cambodia, urged people to save their money in banking and financial institutions, saying that it is very safe and also earns competitive interest rates. With a population of 16 million, Cambodia currently has 58 commercial banks, nine specialized banks, and 86 microfinance institutions including five MDIs, with a total of 2,593 headquarters and branches as well as 4,219 automated teller machines (ATMs) throughout the country, according to the NBC. (Source: Khmer Times)

Corporates urged to combat cybercrime The ever-increasing cybercrimes in the world pose a great threat to the smooth progression of corporates across the world, and the companies in Cambodia have also been facing the menace in various forms. In a bid to help corporates tackle cybercrime professionally, the Malaysian Business Chamber of Cambodia (MBCC) recently organised a forum "Embracing Cybersecurity in Combating Cybercrime". In the event, cybersecurity experts discussed various aspects of the issue and urged businessmen to be aware of and take steps to combat cybercrime. Ou Phannarith, Director of Information and Communications Technology (ICT) Security of Ministry of Posts and Telecommunications (MPTC), said that implementation of cybersecurity frameworks and compliance regulations would depend on the development of corporate cybersecurity based on corporate business objectives that determines the scope of the cybersecurity they should cover. (Source: Khmer Times)

Corporate News

Royal Railway lists its $10 million bonds The Cambodia Securities Exchange (CSX) yesterday announced the official listing of the $10 million bonds of Royal Railway Plc, a subsidiary of Royal Group. Hean Sahib, Secretary of State of the Ministry of Economy and Finance (MEF), who is also CSX's chairman, said Royal Railway is the eighth issuer of corporate bonds on the stock exchange to raise $10 million from institutional and individual investors. The fund will be used to develop the railway infrastructure for providing transportation of goods in Cambodia. Kit Meng, owner of Royal Group, said Royal Railway has invested over $100 million and developed the railway to its current condition since it started operating again in 2010. It operates passenger and freight trains seven days a week on both lines between Phnom Penh and Poi Pet and Sihanoukville. Kim Sophanita, director of CSX's market operations department, said that the Royal Railway bond is very attractive for investors as the seven percent coupon rate is high and unsecured and unsubordinated, which means the bond was issued without the necessity of having guarantee and the bondholders are prioritised for debt payment. (Source: Khmer Times)

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