Market Update

20th January 2023

Cambodia's imports of iron and steel up 23% YoY in 2022

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
489.37 0.27 62,812 7,422

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 7,800 0.78 3.17 3.17 7,800 7,500 74,855 678
GTI 3,690 0.00 -2.89 -2.89 3,800 3,600 32,477 148
PPAP 14,500 0.97 3.57 3.57 14,500 13,980 21,292 300
PPSP 2,420 0.41 1.26 1.26 2,420 2,360 140,341 174
PAS 13,840 0.73 3.90 3.90 13,840 13,240 35,334 1,187
ABC 10,840 0.00 0.18 0.18 10,860 10,720 661,549 4,695
PEPC 3,200 1.27 1.59 1.59 3,200 3,140 5,498 240
DBDE 2,410 0.42 0.84 0.84 2,430 2,370 47,316 44
JSL 4,820 -0.41 -2.82 -2.82 4,960 4,800 12,983 124
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 3Q22 1,242 9,852 6.28 0.79 1.96 8.45
GTI 3Q22 178 7,138 20.76 0.52 0.32 71.35
PPAP 3Q22 2,897 18,416 5.01 0.79 2.02 5.51
PPSP 3Q22 328 3,576 7.37 0.68 1.00 16.80
PAS 3Q22 1,568 5,986 8.82 2.31 3.35 14.87
ABC 3Q22 1,702 12,067 6.37 0.90 1.61 NA
PEPC** 2Q22 33 1,468 97.09 2.18 1.11 26.20
DBDE 3Q22 -123 1,426 NA 1.69 0.72 2.61
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 index posts weekly gain of 0.22% On Jan 20, 2023, the CSX index rose 0.27% from the previous close to 489.37pts, ending the week up 0.22%. PEPC shares saw the biggest weekly gain of 1.9%, followed by PPSP's 1.3%, PAS' 1.0%, PPAP's 0.7%, PPWSA's 0.5% and GTI's 0.5%. Only ABC that made loss during the week, finishing down 0.2% from last Friday to end at KHR10,840. On the growth board, DBDE shares lost 0.8% over the week to close at KHR2,410, while JSL shares were unchanged from last Friday. (Source: YSC Research)

Economy and Industry

Cambodia's imports of iron and steel up 23% YoY in 2022 Cambodia's import of iron and steel in 2022 reached $360mn, an increase of 23% YoY, according to the General Depart of Customs and Excise (GDCE). Cambodia Constructors Association general manager Chiv Sivpheng said that imports of iron, steel and other construction materials are on a steady upward trajectory, with momentum supplied by recovery in the industry that he expects to carry throughout 2023. However, Sivpheng does not expect any major jump in these imports in the near-term, at least until volatility in global economic growth settles to more comfortable levels. Housing Development Association of Cambodia secretary-general Huy Vanna remarked that the large-building construction segment is slowly recovering from its Covid-19 induced slump, but still needs more time to return to its "strong" pre-2018 state. (Source: Phnom Penh Post)

Corporate News

Golden Tree becomes first issuer of green bonds in Cambodia Golden Tree Co Ltd (GT) became the first issuer of green bond in Cambodia, raising $1.46mn to expand its business, in what has been hailed as a milestone in the development of the local bourse. A total of 60,721 units were issued at par value of KHR100,000 with a coupon rate of 7% paid semi-annually and a five-year tenor. GT executive vice-president said that the Asian Development Bank (ADB) had provided technical assistance to ensure that the offering conforms to ASEAN green bond standards. At the same event, Securities and Exchange Regulator of Cambodia (SERC) director-general Sou Socheat voiced admiration for GT over its willingness to issue the first green bond in the country, despite the obstacles during the issuance period. (Source: Phnom Penh Post)

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20th January 2023

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