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.

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

Coporate News

Khmer Fresh Milk to begin full production at its diary farm in Takeo

Khmer Fresh Milk Co, Ltd will begin full production at its new diary farm in Takeo province in late 2020, aiming to contribute to supplying domestic market and reducing dependence on import of milk from abroad. ...

Khmer Fresh Milk Co, Ltd will ...

September 1, 2020

Economy & Industry

Capital gain tax to come into effect from Jan 2021

The Cambodian government will start implementing capital gains tax collection from January 1 next year, according to the General Department of Taxation (GDT). The capital gains tax will apply to all properities and other capital investments such as leasing, stocks as well as foreign currency, applying to any profits made by transactions within these areas. ...

The Cambodian government will ...

August 28, 2020

Coporate News

KrisEnergy getting closer to extract first drop of oil in Cambodia

KrisEnergy Ltd, an independent oil and gas company, announced that construction of the minimum facilities wellhead platform for the Apsara oil development offshore Cambodia Block A is completed and the topsides and jacket are being transported to Cambodian waters in the Gulf of Thailand for installation. ...

KrisEnergy Ltd, an independent...

August 27, 2020

Economy & Industry

Cambodia on track to reach IDP goal by 2025

Cambodia is on track to reach its industrial development policy (IDP) goal by 2025, according to a report. In 2015, the Cambodian government introduced a 10-year IDP 2015-2025, aiming to increase the share in the industrial sector to 30% of the GDP by 2025...

Cambodia is on track to reach ...

August 26, 2020