Cambodia's trade volume surpasses $5 billion in January 2025

/ February 17, 2025


News Highlights

Economy and Industry

Cambodia's trade volume surpasses $5 billion in January 2025 In January 2025, Cambodia's trade volume exceeded $5 billion, marking a 24.6% increase compared to the same period in 2024. The General Department of Customs and Excise reported that exports totaled over $2.3 billion, reflecting a 17.3% increase, while imports reached $2.7 billion, up by 31.6%. China remains Cambodia's largest trading partner, with a trade volume of approximately $1.5 billion. The United States ranks as the second-largest trading partner, with bilateral trade nearing $900 million. Other significant trading partners include Vietnam, Thailand, and Japan. The growth in trade volume is attributed to the establishment of new factories and enterprises, which require substantial imports in the early stages. (Source: Khmer Times)

Booming gold mining sector generates nearly $90 million in mineral fees Cambodia's gold mining sector has experienced significant growth, generating nearly $90 million in mineral fees. The Ministry of Mines and Energy reported that the sector's robust performance is attributed to the increased extraction and processing of gold ore by several mining companies operating in the country. The ministry highlighted that the revenue from mineral fees has been reinvested into the local economy, supporting infrastructure development and community projects. The government has implemented stringent regulations to ensure sustainable mining practices and minimize environmental impact. The success of the gold mining sector has also attracted foreign investments, further boosting the country's economic growth. (Source: Khmer Times)

Rice exports over 600,000 tonnes achieved in January 2025 In January 2025, Cambodia exported over 600,000 tonnes of rice, generating more than $48 million in revenue. The Cambodian Rice Federation reported that 39 rice exporters shipped the commodity to 45 destinations, including 23 European countries, China, ASEAN nations, and other regions such as Africa, the Middle East, and North America. Fragrant rice accounted for the majority of exports, followed by white rice, parboiled rice, and organic rice. The significant export volume underscores Cambodia's position as a major rice exporter and highlights the country's efforts to improve rice production and quality. The government has been supporting the rice sector through various initiatives, including providing farmers with access to quality seeds, fertilizers, and modern agricultural techniques. (Source: Khmer Times)

Corporate News

PPCBank and Borey Vimean Phnom Penh partner to offer flexible home financing options PPCBank has partnered with Borey Vimean Phnom Penh to provide flexible home financing options for Cambodian homebuyers. The partnership aims to make homeownership more accessible by offering tailored home loan solutions with favorable terms. Customers can finance up to 80% of the property value, with loan repayment terms of up to 30 years. Additionally, PPCBank will cover the property title transfer fee for customers in specific projects. The collaboration is expected to benefit a wide range of customers, including first-time home buyers and those looking to upgrade their properties. The partnership underscores PPCBank's commitment to supporting homeownership and providing innovative financial solutions. Borey Vimean Phnom Penh highlighted the benefits of the collaboration, emphasizing the importance of offering modern, high-quality properties with accessible financing options. (Source: Khmer Times)

Stock Market

CSX index rises 0.18% as PEPC leads gains The CSX index rose by 0.18% to close at 410.5 points. On the main board, PEPC (+3.67%), MJQE (+0.96%), and ABC (+0.28%) led the gains, while PPSP (-0.92%) and PPAP (-0.28%) posted losses. PWSA, GTI, PAS, and CGSM remained unchanged. On the growth board, DBDE and JSL was down 1.43% and 0.65%, respectively. The session recorded a total trading volume of 49,359 shares, with a turnover of KHR 266 million. (Source: YSC Research)

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
410.54 0.18 49,359 11,011

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 6,280 0.00 -0.32 -1.26 6,320 6,240 32,217 546
GTI 6,100 0.00 14.23 20.08 6,100 5,300 65,539 244
PPAP 14,020 -0.28 0.57 1.30 14,280 13,820 3,215 290
PPSP 2,150 -0.92 -0.46 -0.92 2,170 2,130 23,043 155
PAS 11,820 0.00 -0.67 2.25 11,900 11,680 5,151 1,014
ABC 7,220 0.28 -1.10 -4.24 7,340 7,160 215,884 3,127
PEPC 2,540 3.67 7.63 6.28 2,540 2,340 3,625 190
MJQE 2,110 0.96 1.44 1.44 2,110 2,080 37,292 684
CGSM 2,430 0.00 -0.41 0.00 2,450 2,420 57,750 4,761
DBDE 2,070 -1.43 0.98 0.49 2,100 2,050 3,413,368 38
JSL 3,040 -0.65 -0.98 -11.11 3,100 3,020 2,311 78
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 3Q24 1,279 12,359 4.91 0.51 1.39 10.11
GTI 3Q24 91 7,114 67.40 0.86 0.71 17.89
PPAP 3Q24 2,406 21,877 5.83 0.64 1.79 3.68
PPSP 3Q24 267 3,759 8.04 0.57 2.37 4.60
PAS 3Q24 784 7,630 15.07 1.55 2.48 9.03
ABC 3Q24 1,041 13,404 6.94 0.54 0.89 NA
PEPC* 1Q25 -1,009 -17 NA -147.57 4.44 NA
MJQE 3Q24 41 290 51.03 7.26 4.23 14.68
CGSM 3Q24 137 603 17.73 4.03 6.66 14.43
JSL 3Q24 3 677 1116.55 4.49 3.36 25.80
DBDE 3Q24 -340 1,510 NA 1.37 0.58 NA
NOTE: ttm= trailing-twelve months; mrq = most recent quarter; *FY ending in June, **excluding non-voting shares

Corporate Bonds

Trading Summary

Bond Symbol Trading Vol (Units) Trading Val (KHR'mn) Latest Yield Credit Rating Bond Feature Coupon Rate (%) Days to Maturity
CGSM33A 0 0.0 - - KhAAA Sustainability Bond Floating* 3,193
CIAF28A 0 0.0 - - KhAAA N/A 6.30% Annually 1,397
GT27A 0 0.0 - - N/A Plain Bond, Green Bond 7% per annum 1,022
PPSP29A 0 0.0 - - KhAAA Guaranteed Green Bond Term SOFR + 1.5% 1,584
RMAC25A 0 0.0 - - N/A Guaranteed Bond 5.50% Annually 51
RRC32A 0 0.0 - - N/A Plain Bond 7% Annually 2,792
RRGO27A 0 0.0 - - KhAAA Guaranteed Bond Floating** 1,039
RRGT32B 0 0.0 - - KhAAA Guaranteed Bond Floating*** 2,866
TCT26A 0 0.0 - - N/A Plain Bond 4.50% Annually 554
TCT28A 0 0.0 - - KhAAA FX-Linked Bond Floating**** 1,411
*SOFR +3% or 5.5% per annum, whichever is higher; **SOFR+3,5% or 5% per annum (take which one is higher);***SOFR+3,5% or 5% per annum (take which one is higher) and Year 6 to Year 10: SOFR+3,75% or 5% per annum (take which one is higher);****Term SOFR + 2.5%

Government Bonds

Historical Issuance Summary

1 Y 2 Y 3 Y 5 Y 10 Y
Total issuance ('K units) 204.1 312.0 85.3 10.0 0.0
Outstanding (KHR'bn) 34.0 312.0 85.3 10.0 0.0
Issuance ('K units, Latest) 24.0 20.0 0.0 0.0 0.0
Coupon rate (Latest) 2.80% 4.00% 3.80% 4.75% 5.25%
Successful yield (Latest) 3.13% 4.00% - - -
Latest bidding 23-Jan-25 29-May-24 11-Dec-24 45,581 45,525
*Total issuance is the accumulated issuance since September 2022; **Outstanding is aggregate principal value of government that remain outstanding; ***Successful yield: mid yields are shown if multiple price auction method was adopted.


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