Cambodia records $7.2 billion in trade with ASEAN from January to May

/ June 17, 2025


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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