Cambodia explores electronic payment methods for Chinese visitors

Market Update / May 24, 2023

CSX Stocks

CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
466.53 -0.38 155,200 7,076

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 7,760 0.00 -0.51 2.65 7,800 7,680 49,393 675
GTI 3,300 0.00 -1.49 -13.16 3,360 3,250 23,413 132
PPAP 14,360 -2.97 -2.97 2.57 15,200 14,280 11,537 297
PPSP 2,370 0.00 -1.25 -0.84 2,400 2,360 71,500 170
PAS 13,260 -1.49 -2.50 -0.45 13,700 13,120 28,091 1,137
ABC 10,240 0.00 -10.18 -5.36 11,500 10,240 1,808,151 4,436
PEPC 3,050 -0.33 -0.97 -3.17 3,090 3,050 4,230 229
DBDE 2,330 0.00 -1.27 -2.51 2,370 2,320 65,080 43
JSL 4,160 -5.88 -6.73 -16.13 4,560 4,060 8,214 107
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

  ttm,mrq (ttm,KHR) KHR (ttm,x) (mrq,x) (ttm,x) (ttm,x)
PPWSA 3Q22 1,242 9,852 6.25 0.79 1.95 8.43
GTI 3Q22 178 7,138 18.57 0.46 0.29 65.06
PPAP 3Q22 2,897 18,416 4.96 0.78 2.00 5.47
PPSP 3Q22 328 3,576 7.21 0.66 0.98 16.55
PAS 3Q22 1,568 5,986 8.45 2.22 3.21 14.38
ABC 3Q22 1,702 12,067 6.02 0.85 1.52 NA
PEPC** 2Q22 33 1,468 92.54 2.08 1.06 25.58
DBDE 3Q22 -123 1,426 NA 1.63 0.70 2.53
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 down 0.38% to 466.5 points On May 24, 2023, the CSX index dropped 0.38% to 466.5 points. The main board stock such as PWSA, GTI, PPSP, and ABC show no movement in their share price. However, the share prices of PPAP, PAS, and PEPC, were down by 2.97%, 1.49%, and 0.33%, respectively. On the growth board, JSL decreased by 5.88% after a strong gain yesterday, while DBDE remain unchanged. A total of 155,200 shares were traded for KHR1,574 million, an increase of 8.1% over the volume on the previous closing day. (Source: YSC Research)

Economy and Industry

Cambodia explores electronic payment methods for Chinese visitors Cambodia has taken initiatives to make it simpler for tourists to travel to the nation and pay for goods and services in order to entice one million Chinese visitors there by 2023. On Monday, April 22, 2022, representatives of the Ministry of Tourism met with representatives of UnionPay International, a division of China UnionPay, at the ministry headquarters to discuss methods to expand the number of digital payment alternatives available to tourists. The discussions centered on how to work together on a number of projects, including the China Ready evaluation system, digital payments, training for tour operators in digital literacy, and promotion of the Cambodia Pass program. 2.2 million foreign visitors came to Cambodia last year, an increase from 200,000 visitors in 2021. (Source: Khmer Times)

CSX sees an increase in trading accounts According to a senior official from Cambodia Securities Exchange (CSX), the number of trading accounts on CSX climbed to an average of 40,000 in the first four months of this year, despite a drop in trade volume to about $300,000 per day. In the first four months of 2023, there were an average of 1,000 new account openings per day, up from an average of 200 new account openings per day in the same period in the previous year, claims CSX. Despite, the expanding number of trading accounts on the CSX, the majority of trades being small in value, reflects the growing interest of the general public and new investors in the local stock market. (Source: Khmer Times)

A new tax law goes into force The long-awaited new Tax Law has been passed in Cambodia. Its objectives are to increase the country's compliance with current and future economic conditions and international standards, to promote investment in the Kingdom, and to encourage accountability, effectiveness, and transparency in the tax collection process. In order to enable Cambodia to achieve upper-middle income status by 2030 and join the high-income group by 2050, the law will ensure the sustainability of economic growth, state revenue, equal and just competition, and social protection. It will also increase the development of industry and the small and medium-sized enterprise [SME] sector and attract investment. (Source: The Phnom Penh Post)

Corporate News

Roadshow for Cellcard's IPO carries on across Taiwan and Hong Kong According to a press release from the telecom provider, Cellcard, a division of the multinational conglomerate Royal Group, recently held a successful Initial Public Offering (IPO) roadshow in Taiwan and Hong Kong. In Taiwan, the roadshow reportedly gathered more than 40 investors for a briefing conducted at the Okura Prestige Hotel in Taipei, sparking a lot of interest and excitement in the country's financial industry, according to the release. With an IPO price of 2,270 riel ($0.57) per share and a five-year dividend yield promise for its Class A shareholders, Cellcard's IPO is one of the largest and most anticipated in the history of the Cambodian stock market. (Source: Khmer Times)

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