Cambodia records $7.2 billion in trade with ASEAN from January to May
News Highlights |
Economy and Industry
Cambodia records $7.2 billion in trade with ASEAN from January to May Cambodia's trade volume with ASEAN member states reached $7.2 billion in the first five months of 2025, a 5.5% increase from the same period last year, according to a report. The country exported products worth $2.7 billion to other ASEAN countries, a 10% increase year-on-year, and imported $4.5 billion, a 3% increase. Cambodia's trade volume with ASEAN accounted for 28.2% of the country's total trade volume during the cited period. The top five trading partners in ASEAN were Vietnam, Thailand, Indonesia, Singapore, and Malaysia. Cambodian Prime Minister Hun Manet emphasized ASEAN's stability and prosperity, stating that its status as the world's fifth-largest economy underscores its potential. The Regional Comprehensive Economic Partnership agreement further solidified ASEAN's commitment to deepen regional integration and foster mutually beneficial economic and trade relations. (Source: Khmer Times)
Cambodia's rubber sector grows with launch of domestic latex glove production Cambodia's Boeung Ket rubber plantation in Stung Trang district plans to expand its operations by producing latex gloves for export. The move is part of the company's initiative to process rubber locally, keeping more profits within the country and reducing reliance on foreign producers. The company currently produces about 300 tonnes per day, with a target of reaching 600 tonnes daily in the near future. This shift marks a turning point for Cambodia's rubber industry, as the country moves toward becoming a key player in the global latex gloves market. The expansion is expected to create hundreds of new jobs for local workers, many of whom are returning from Thailand in search of employment opportunities closer to home. The company is also involved in the cultivation and export of various agricultural products, with investments in modern infrastructure. (Source: The Phnom Penh Post)
New two-phase licensing framework implemented for rooftop solar providers The Ministry of Mines and Energy in Cambodia has announced a two-step licensing process for companies offering design, installation, maintenance, or supply of rooftop solar systems. Companies must obtain a permit from the Ministry of Mines and Energy and then apply for a license from the Electricity Authority of Cambodia (EAC). The ministry also specified two categories of installation: Category 1 installation, which is not connected to the national grid, requires no approval or reporting, and Category II installation, which is connected to the national grid and has three sub-categories: small, medium, and large. The ministry also issued guidelines for implementation timelines, requiring approved systems to begin construction within three months and finish within 12 months. (Source: Khmer Times)
Corporate News
Prudential Cambodia launches community-focused project to address dengue and malaria through climate and health measures Prudential Cambodia has launched its latest community investment initiative, "Community-Led Resilience: The Fight Against Dengue and Malaria," at the "Building Resilience: Opportunity and Solutions for Climate-Related Health Challenges" Launch Ceremony. The initiative, supported by the Prudence Foundation's US$2 million Climate & Health Resilience Fund (CHRF), will run for five months until November 2025 and aim to benefit over 5,000 people in Stung Treng and Ratanakiri provinces. Key components include community-led awareness and prevention campaigns, mobile ambulance boats to reach remote villages, upskilling healthcare workers to manage climate-related illnesses, and empowerment of sub-national task forces to sustain local resilience efforts. The initiative aligns with Prudential's national strategy to expand insurance access and build resilience in underserved communities. The initiative reflects Prudential's commitment to building stronger, healthier communities in the face of a changing climate by listening to local needs and delivering practical, community-first solutions. (Source: Cambodia Investment Review)
Stock Market
CSX gains 0.16% as majority of main board stocks advance On 17 June 2025, the CSX Index rose by 0.16%, closing at 409.8 points. On the Main Board, PEPC (+0.74%), PWSA (+0.62%), MJQE (+0.50%), PPSP (+0.47%), ABC (+0.29%), PAS (+0.16%), and PPAP (+0.15%) were the gainers, while GTI (-0.46%) recorded a loss. CGSM remained unchanged. On the Growth Board, DBDE and JSL increased by 0.49% and 1.07%, respectively. Total trading volume reached 128,112 shares, with a turnover of KHR 873 million. (Source: YSC Research)
CSX Stocks |
CSX Index
Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
409.76 | 0.16 | 128,112 | 10,990 |
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 | 6,480 | 0.62 | 2.53 | 1.89 | 6,480 | 6,300 | 54,430 | 564 |
GTI | 8,660 | -0.46 | 7.98 | 70.47 | 8,700 | 7,760 | 304,862 | 346 |
PPAP | 13,420 | 0.15 | 0.15 | -3.03 | 13,920 | 13,340 | 8,323 | 278 |
PPSP | 2,130 | 0.47 | 0.47 | -1.84 | 2,160 | 2,090 | 87,073 | 153 |
PAS | 12,240 | 0.16 | 2.17 | 5.88 | 12,240 | 11,780 | 9,345 | 1,050 |
ABC | 6,920 | 0.29 | 0.00 | -8.22 | 6,920 | 6,880 | 359,080 | 2,997 |
PEPC | 2,710 | 0.74 | -0.73 | 13.39 | 2,750 | 2,630 | 5,658 | 203 |
MJQE | 2,030 | 0.50 | 0.50 | -2.40 | 2,030 | 2,010 | 93,147 | 658 |
CGSM | 2,420 | 0.00 | -0.41 | -0.41 | 2,450 | 2,410 | 79,389 | 4,741 |
DBDE | 2,050 | 0.49 | -5.53 | -0.49 | 2,170 | 2,040 | 44,375 | 38 |
JSL | 2,830 | 1.07 | 2.91 | -17.25 | 2,860 | 2,600 | 12,978 | 73 |
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 | 4Q24 | 978 | 11,199 | 6.63 | 0.58 | 1.77 | 13.33 |
GTI | 4Q24 | 48 | 7,057 | 180.42 | 1.23 | 1.03 | 30.31 |
PPAP | 4Q24 | 2,550 | 22,115 | 5.26 | 0.61 | 1.64 | 3.31 |
PPSP | 4Q24 | 220 | 3,866 | 9.70 | 0.55 | 2.88 | 5.08 |
PAS | 4Q24 | 1,478 | 8,224 | 8.28 | 1.49 | 2.29 | 8.12 |
ABC | 4Q24 | 1,140 | 13,790 | 6.07 | 0.50 | 0.92 | NA |
PEPC* | 1Q25 | -1,009 | -17 | NA | -157.44 | 4.74 | NA |
MJQE | 4Q24 | 37 | 307 | 54.68 | 6.62 | 4.01 | 12.19 |
CGSM | 4Q24 | 52 | 606 | 46.52 | 3.99 | 6.76 | 16.05 |
JSL | 4Q24 | 14 | 685 | 202.11 | 4.13 | 4.04 | 18.15 |
DBDE | 4Q24 | 23 | 1,840 | 89.68 | 1.11 | 0.53 | 8.12 |
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 | |
ABC32A | 0 | 0.0 | - - | khAA | Subordinated Bond | 8.50% | 2,411 | |
ABC32B | 0 | 0.0 | - - | KhAA | Subordinated Bond | 8.50% | 2,453 | |
CGSM33A | 0 | 0.0 | - - | KhAAA | Sustainability Bond | SOFR +3% or 5.5% per annum, whichever is higher | 3,073 | |
CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% Annually | 1,277 | |
CIAF30A | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | 5.60% | 1,724 | |
GT27A | 0 | 0.0 | - - | N/A | Plain Bond, Green Bond | 7% per annum | 902 | |
PPSP29A | 0 | 0.0 | - - | KhAAA | Guaranteed Green Bond | Term SOFR + 1.5% | 1,464 | |
RRC32A | 0 | 0.0 | - - | N/A | Plain Bond | 7% Annually | 2,672 | |
RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | SOFR+3,5% or 5% per annum (take which one is higher) | 919 | |
RRGT32B | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | 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) | 2,746 | |
SNTD40A | 0 | 0.0 | - - | N/A | Green Infrastructure Bond | 180-Day SOFR Average + 1.80% | 5,398 | |
SNTD40B | 0 | 0.0 | - - | N/A | Green Infrastructure Bond | 180-Day Average SOFR + 1.60% (4.00% - 6.00%) | 5,398 | |
SNTD40C | 0 | 0.0 | - - | N/A | Green Infrastructure Bond | 180-Day SOFR Average + 3.00% | 5,398 |
Government Bonds |
Historical Issuance Summary
1 Y | 2 Y | 3 Y | 5 Y | 10 Y | |
Total issuance ('K units) | 238.1 | 312.0 | 175.3 | 10.0 | 0.0 |
Outstanding (KHR'bn) | 58.0 | 236.0 | 175.3 | 10.0 | 0.0 |
Issuance ('K units, Latest) | 34.0 | 0.0 | 90.0 | 0.0 | 0.0 |
Coupon rate (Latest) | 2.70% | 3.20% | 3.50% | 4.75% | 5.25% |
Successful yield (Latest) | 3.25% | - | 4.25% | - | - |
Latest bidding | 23-Apr-25 | 21-May-25 | 19-Mar-25 | 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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