In the first quarter of 2023, 1.29 million foreign visitors came to Cambodia

Market Update / May 25, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
466.79 0.06 75,583 7,080

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 7,780 0.26 -0.26 2.91 7,800 7,680 50,338 677
GTI 3,310 0.30 -1.19 -12.89 3,360 3,250 23,550 132
PPAP 14,320 -0.28 -3.24 2.29 15,200 14,280 11,832 296
PPSP 2,370 0.00 -1.25 -0.84 2,400 2,360 80,689 170
PAS 13,300 0.30 -2.21 -0.15 13,660 13,120 28,238 1,141
ABC 10,240 0.00 -10.18 -5.36 11,400 10,240 1,871,589 4,436
PEPC 3,040 -0.33 -1.30 -3.49 3,080 3,040 5,662 228
DBDE 2,350 0.86 -0.42 -1.67 2,370 2,320 68,441 43
JSL 4,220 1.44 -5.38 -14.92 4,540 4,060 8,305 108
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 6.26 0.79 1.95 8.44
GTI 3Q22 178 7,138 18.62 0.46 0.29 65.22
PPAP 3Q22 2,897 18,416 4.94 0.78 2.00 5.46
PPSP 3Q22 328 3,576 7.21 0.66 0.98 16.55
PAS 3Q22 1,568 5,986 8.48 2.22 3.22 14.41
ABC 3Q22 1,702 12,067 6.02 0.85 1.52 NA
PEPC** 2Q22 33 1,468 92.24 2.07 1.05 25.54
DBDE 3Q22 -123 1,426 NA 1.65 0.70 2.55
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 up 0.06% to 466.8 points On May 25, 2023, the CSX index gained 0.06% to 466.8 points. The share price of PWSA, GTI, and PAS increased by 0.26%, 0.30%, and 0.30%, respectively. On other hand, PPAP and PEPC were down by 0.28% and 0.33%, respectively. The other two main board stocks, namely PPSP and ABC show no movement. On the growth board, DBDE gained by 0.86%, while JSL was up 1.44%. A total of 75,583 shares were traded for KHR688 million, 51.3% decrease over the volume on the last closing day. (Source: YSC Research)

Economy and Industry

In the first quarter of 2023, 1.29 million foreign visitors came to Cambodia The Ministry of Tourism reported that 1.29 million foreign visitors came to Cambodia in the first quarter of this year, an astounding rise of 709% from 159,546 during the same period in 2022. The top three tourist markets during that time were Thailand, Vietnam, and China, with 424,241 Thais, 207,527 Vietnamese, and 132,665 Chinese visitors. These three nations contributed 32%, 16%, and 10% of all tourists who visited the Kingdom. Due to the country's successful pandemic control efforts, flight connections, and general stability, there was a large increase in foreign tourist arrivals, which reflected the revival of the tourism business. (Source: Khmer Times)

Agreement on air transportation service signed by Switzerland and Cambodia The Federal Office of Civil Aviation in Switzerland and the State Secretariat of Civil Aviation in Cambodia have partnered to provide flight services between the two nations. On May 23, 2023, Francine Zimmermann, Director-General of Switzerland's Federal Office of Civil Aviation, and Mao Havannall, Minister in Charge of SSCA, signed the MoU in Zurich, Switzerland. The Cambodian anticipates that additional flights between the two nations and from other friendly nations will be more economical due to the country's accessibility to airports when the Techo International Airport opens in early 2025. Cambodia could benefit from tourism, investment, and the holding of significant international conferences thanks to the first international high-ranking 4F runway. (Source: Khmer Times)

E-wallet payments transaction approximately nine times GDP According to the central bank's Annual Supervision Report 2022, by the end of 2022, the number of registered e-wallet accounts increased to 19.5 million and the total number of transactions jumped from 708 million to one billion with a total amount of $272.8 billion (increased by 34%), approximately nine times the gross domestic product (GDP). E-payment trends in Cambodia have dramatically stabilized in recent years as more and more people switch from cash-based to digital transaction options. Utilizing financial technology that is incorporated into payment services contributes to increased financial inclusion, competition, innovation, and public trust in the usage of payment services. (Source: The Phnom Penh Post)

Corporate News

Revenues for Pestech Cambodia have decreased by 65% In comparison to the same quarter previous year, Pestech (Cambodia) Plc (PEPC) reported a 65.3% fall in revenue to 1.92 billion riels from 3.61 billion riels. Additionally, the business' operating income decreased by 19.9%, from 6,445 million riels in the same period last year to 5,163 million riels this quarter. Compared to a profit after taxes of 936 million riels in the same quarter previous year, the period's loss after taxes was 5,290 million riels. The discrepancies in revenue were a reflection of how well various projects were being carried out in Cambodia. When compared to the comparable quarter the year before, lower project progress was recognized by Laos Border and Tatay Projects, which led to lower revenue in the current quarter under review. (Source: Khmer Times)

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