Research

Our research reports provide comprehensive, up-to-date
information and analysis on the Cambodian economy in regional
and global context, selected industries, and the equity market in Cambodia.

Economy & Industry

Crude palm oil exports up 36% YoY in first five months

Cambodia's exports of crude palm oil reached 19,916 tonnes in the first five months of 2021, an increase of 36% compared to the same period last year, according to data from the Ministry of Agriculture, Forestry, and Fisheries. Favorable weather has been cited as the key factor for the increase in domestic production of palm oil, while the world's largest producers...

Cambodia's exports of crude pa...

May 27, 2021

Industry Report

Industry Report 2021: Healthcare Services Sector in Cambodia

The demand for private health services has continued to rise in tandem with the rapid economic growth, showing promising signs for investment into the private sector. The report is aimed at offering a glimpse on the overall healthcare system in Cambodia, highlighting the key investment points and opportunities that potential investors should consider...

The demand for private health ...

May 14, 2021

Equity Report

PPWSA's 2020 review: net profit skyrockets to record high

Water subscription increased by 17,712 connections or 4.5% to 407,779 connections at the end of 2020. The number household clients were up 3.7% to 333,099 connections, accounting for 81.7% of total subscriptions, while the number of commercial and industrial clients rose 9.3% to 68,136 connections (16.7% of total)...

Water subscription increased b...

May 12, 2021

Equity Report

PPAP's 4Q20 review: Revenue decreases for second straight quarter

In 4Q20, container throughputs increased 1.6% YoY to 69,565 TEUs. The positive growth was achieved after a decline of 7.4% YoY in 3Q20 likely as a consequence of COVID-19 impact. Total container shipments reached 520,800 tons between Oct and Dec 2020, up 8.2% compared to the same period in 2019, driven mainly by 13.2% YoY increase in export shipments....

In 4Q20, container throughputs...

February 17, 2021

Equity Report

PPAP's 3Q20 review: Revenue falls for first time since IPO

Container throughputs came to 85,681 TEUs in 3Q20, down 7.4% from 92,494 TEUs in 3Q19. It is the first time since at least 2010 (YSC available data) that PPAP witnessed a YoY decline in container throughput in the third quarter. Both import and export shipments saw a decrease of 11.0% and 10.1% YoY, respectively, with total container shipment volume...

Container throughputs came to ...

February 8, 2021

Equity Report

PPWSA's 3Q20 review: net profit soars 72% QoQ and 25% YoY

Water subscription totaled 405,627 connections at the end of September 2020, up 4.9% YoY. Subscription from commercial & industrial clients posted a double-digit growth of 10.4% from the end of September 2019 to 67,142 connections, representing 16.6% of total connections...

Water subscription totaled 405...

February 3, 2021

Equity Report

PPAP's 1H20 review: Net profit plunges 15.8% YoY

In the first half of 2020, container throughputs continued a solid growth of 12.9% YoY to 135,611 TEUs. However, container shipment volume was up modestly by 3.9% YoY to 976,873 tons. Between January and June, total shipments handled by PPAP amounted to 1,796,641 tons, down 3.7% compared to the same period last year.

In the first half of 2020, con...

September 15, 2020

Equity Report

PPWSA's 1H20 review: net profit more than doubles as revenue surges 34% YoY

In 2Q20, total revenue surged 31.1% YoY to KHR75.08bn. Income from construction services more than quadrupled from KHR1.21bn in 2Q19 to KHR5.47bn in 2Q20, representing 7.3% of total revenue. Meanwhile, core water sales, which represented more than 89% of total revenue, soared 27.1% to KHR67.12bn in the second quarter...

In 2Q20, total revenue surged ...

September 8, 2020

Economy & Industry

Cambodia and S. Korea begin second round of negotiations on FTA

Cambodia and South Korea began on Monday the second round of negotiations on a Free Trade Agreement (FTA) that was held via video conference. Ministry of Commerce (MOC) spokesman Seang Thay said that the talks would mainly address the scope of goods that can enjoy preferential access ....

Cambodia and South Korea began...

September 2, 2020

Industry Report

Industry Report 2020: Banking and Microfinance Sector in Cambodia

Cambodia has relied primarily on the banking and microfinance sector to finance business growth as the Kingdom’s capital market still remains at its infancy and may not meaningfully serve as alternative financing sources to bank or MFI loans...

Cambodia has relied primarily ...

September 2, 2020