As construction on the Phnom Penh-Bavet expressway begins, a deal for the third expressway is signed

Market Update / June 8, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
463.04 -0.62 48,691 7,023

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 7,440 -5.10 -4.37 -1.59 7,880 7,440 49,190 647
GTI 3,220 -0.31 -3.59 -15.26 3,350 3,210 6,331 129
PPAP 14,200 0.00 1.28 1.43 15,200 14,000 2,146 294
PPSP 2,310 -0.43 -0.86 -3.35 2,370 2,310 16,475 166
PAS 13,220 -0.60 -1.20 -0.75 13,460 13,120 2,919 1,134
ABC 10,220 0.00 -0.20 -5.55 10,340 10,220 332,479 4,427
PEPC 3,020 -0.33 -0.98 -4.13 3,070 3,020 1,267 226
DBDE 2,290 0.00 -1.29 -4.18 2,350 2,290 39,988 42
JSL 4,060 1.00 -1.46 -18.15 4,420 4,020 1,127 104
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 5.99 0.76 1.87 8.28
GTI 3Q22 178 7,138 18.12 0.45 0.28 63.77
PPAP 3Q22 2,897 18,416 4.90 0.77 1.98 5.42
PPSP 3Q22 328 3,576 7.03 0.65 0.96 16.26
PAS 3Q22 1,568 5,986 8.43 2.21 3.20 14.35
ABC 3Q22 1,702 12,067 6.01 0.85 1.52 NA
PEPC** 2Q22 33 1,468 91.63 2.06 1.05 25.46
DBDE 3Q22 -123 1,426 NA 1.61 0.69 2.49
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 fall for five straight trading days to 463 points On June 08, 2023, the CSX index dropped by 0.62% to 463.0 points. The share price of PWSA, GTI, PPSP, PAS, and PEPC show a corresponding decrease of 5.10%, 0.31%, 0.43%, 0.60%, and 0.33%. In contrast, PPAP and ABC remained unchanged. On the growth board, DBDE showed no movement while JSL increased by 1.00%. A total of 48,691 shares were traded for KHR 435 million, a 0.4% decline compared to the volume on the last closing day. (Source: YSC Research)

Economy and Industry

As construction on the Phnom Penh-Bavet expressway begins, a deal for the third expressway is signed. On June 7, an agreement for a third expressway from the capital to Siem Reap and on to the Thai border at Poipet town was also reached. This expressway would run from Phnom Penh to the border with Vietnam at Bavet Town. Sun Chanthol, the minister of public works and transportation, and the China Road and Bridge Corporation (CRBC), which will be in charge of the construction, signed the framework agreement. The 400km Phnom Penh-Siem Reap-Poipet Expressway, according to Chanthol, is expected to cost $4 billion. Although no timetable for their construction has been established, the 250 km from the capital to Siem Reap and the 150 km from Siem Reap to Poipet will be two different projects. (Source: The Phnom Penh Post)

Singapore exports to Cambodia in Jan-Apr quadruple YoY According to preliminary Customs (GDCE) data compiled in "International Merchandise Trade Statistics" bulletins, Cambodian goods exports to Singapore reached $223.843 million in the first four months of 2023, up 345.7% YoY from $50.224 million and up 1,087% half-on-half (compared to July-October 2022 from $18.9 million). The value of goods exchanged between the two nations during January to April 2023 totaled $480.789 million, a decrease of 60.00% year over year from $1.202 billion and a decrease of 55.80% half over half from $1.088 billion. At the same time, the Kingdom imported items worth $256.946 million from Singapore, a decrease of 75.96% half-on-half and 77.69% YoY from $1.069 billion and $1.152 billion, respectively. (Source: The Phnom Penh Post)

Users of ThaiQR may now scan 1.5M businesses in Cambodia According to a press statement from the National Bank of Cambodia (NBC), there are now 1.5 million retailers in Cambodia that accept the ThaiQR, compared to 7.6 million in Thailand. The figures were made public during the second phase of the cross-border QR payment system's introduction between the two nations in Phnom Penh on Tuesday in order to advance national currency settlement and significantly increase financial inclusion. Additionally, it wants to boost tourism and improve cross-border trade. (Source: Khmer Times)

Corporate News

Cambodia is looking for partners for the future Mondulkiri airport According to a senior civil aviation official, Cambodia is looking for partners for the construction of a planned airport in Mondulkiri province south of Sen Monorom town after PowerChina International Group Ltd (PIG) withdrew during the Covid-19 crisis and subsequent negotiations with other foreign companies failed. The airport is expected to cost more than $80 million and is planned for a 300ha location in the Sen Monorom commune of the O'Raing district, which borders the town of the same name to the south. The Cambodian government has given the Chinese state-owned PIG in-principle authority to research and develop a project proposal. (Source: The Phnom Penh Post)

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