Over 10,000 EVs are now officially registered in Cambodia

/ October 14, 2025


News Highlights

Economy and Industry

Over 10,000 EVs are now officially registered in Cambodia As of September 2025, Cambodia has registered 10,568 electric vehicles, including 7,187 cars, 671 tricycles, and 2,710 motorcycles. The trend of EV vehicles has significantly increased in the first eight months of 2025, with 5,571 registered. The Ministry of Public Works and Transport is considering adding additional markings to license plates for cars, tricycles, and motorcycles, which could take shape in 2026. The Royal Government of Cambodia has launched a national policy on the development of the electric vehicle sector for 2024-2030, aiming to promote the use of over 770,000 electric vehicles by 2030. Specific targets include registering 30,000 electric cars, 720,000 electric motorcycles, and 20,000 electric tricycles. The Royal Government has provided special incentives to importers of electric cars and motorcycles by reducing import duties by 50%. The Ministry of Economy and Finance has also adjusted and reduced the tax rate on means of transport for electric vehicles, tourist vehicles, small 4-door trucks, and passenger cars to promote the growth of electric vehicles in Cambodia. (Source: Khmer Times)

Cambodia-China trade surges 27% to a record $14 billion In the first nine months of 2025, bilateral trade between Cambodia and China reached $14.2 billion, a 27% increase from the previous year. However, Cambodian exports to China declined by 7.7% to $1.18 billion, while imports from China surged by 32% to $13.02 billion. This trade imbalance is a structural issue rather than short-term fluctuations. To address this, Cambodia needs to strengthen its domestic production base and enhance export strategies. Two main strategies are developing its own raw material production plants to reduce imports and identifying high-potential Cambodian products for export to China. Cambodia's trade and investment relationship with China continues to grow, with China becoming the dominant source of foreign investment in the first nine months of 2025. (Source: Khmer Times)

SERC and CSX partner to strengthen securities market and promote SME investment The Securities and Exchange Regulator of Cambodia (SERC) and the Cambodia Securities Exchange (CSX) have held a two-day seminar to strengthen the securities market and boost SME access to long-term financing. The seminar, titled 'Securities Sector in Cambodia', was attended by 150 participants, including professors and investors. The workshop aimed to promote the securities sector to university professors, helping them understand the development of the Kingdom's securities market. It also aimed to raise awareness among potential investors, particularly SMEs, about investment opportunities and long-term financing. The seminar stressed the importance of promoting financial literacy across generations of Cambodians and preparing students and young professionals to become informed investors contributing to the country's economic growth. The seminar drew members from various universities, highlighting Cambodia's efforts to enhance financial literacy, broaden investment channels, and provide long-term capital for small and medium-sized enterprises. (Source: Khmer Times)

Corporate News

ASIP introduces innovation scheme to empower 20 SMEs in Kampong Thom The Angkor Social Innovation Park (ASIP) has launched Innolab Kampong Thom to support local SMEs in tourism, handicraft, and agriculture by addressing challenges in finance, technology, and skills. Deputy Prime Minister Vongsey Vissoth highlighted the importance of Innolab Kampong Thom in addressing key challenges in funding, technology, and skills while enhancing Cambodia's overall business ecosystem. As the number of SMEs in Cambodia increases, Vissoth emphasized the role of the government in assisting entrepreneurs in receiving the funds needed to expand their operations. Nine out of 10 businesses in Cambodia are classified as SMEs, and as of 2018, there were 155,745 registered SMEs. The eight-month program aims to enhance the quality and productivity of the selected 20 SMEs by providing skill training and resources to boost their SMEs innovation. The program will provide support to 20 SMEs for eight months, with the goal of improving their business innovation in production, marketing, and management. ASIP, a social enterprise since its inception in 2021, has been supporting Cambodia's economic development by providing sustainable and innovative solutions to small and medium enterprises. (Source: Kiripost)

Stock Market

CSX index inches up 0.06% on modest gains in ABC and PPAP On 14 October 2025, the CSX Index edged up 0.06% to close at 404.1 points. On the Main Board, ABC (+0.30%) and PPAP (+0.15%) posted gains, while PWSA (-0.32%) and GTI (-0.28%) recorded losses. PPSP, PAS, PEPC, MJQE, and CGSM remained unchanged. On the Growth Board, DBDE and JSL declined by 1.47% and 1.81%, respectively. Total trading volume reached 39,036 shares, with a turnover of KHR 181 million. (Source: YSC Research)

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
404.06 0.06 39,036 10,837

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 6,140 -0.32 -0.32 -3.46 6,200 6,140 33,020 534
GTI 7,120 -0.28 0.28 40.16 7,140 6,900 12,264 285
PPAP 13,520 0.15 -0.44 -2.31 13,600 13,500 3,091 280
PPSP 2,050 0.00 -0.49 -5.53 2,070 2,050 73,223 147
PAS 12,140 0.00 -0.16 5.02 12,200 12,060 4,111 1,041
ABC 6,780 0.30 0.00 -10.08 6,880 6,760 245,467 2,937
PEPC 2,550 0.00 -1.54 5.37 2,680 2,540 1,661 191
MJQE 1,980 0.00 0.00 -4.81 1,990 1,970 77,114 642
CGSM 2,440 0.00 0.41 0.41 2,440 2,420 29,767 4,781
DBDE 2,010 -1.47 -1.47 -2.43 2,050 2,010 9,461 37
JSL 2,710 -1.81 -1.81 -20.76 2,800 2,710 52,214 70
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 2Q25 827 11,622 7.42 0.53 1.68 14.84
GTI 2Q25 29 7,023 244.34 1.01 0.87 40.01
PPAP 1Q25 2,951 22,115 4.58 0.61 1.57 3.95
PPSP 2Q25 735 4,376 2.79 0.47 0.94 2.07
PAS 1Q25 1,212 8,224 10.02 1.48 2.18 7.69
ABC 2Q25 1,460 14,410 4.64 0.47 0.81 NA
PEPC* 3Q25 -1,445 -1,303 NA NA 3.05 NA
MJQE 2Q25 45 340 43.83 5.82 3.87 12.70
CGSM 2Q25 25 618 99.32 3.95 6.97 19.35
JSL 2Q25 -82 492 NA 5.50 20.05 33.85
DBDE 2Q25 147 1,933 13.71 1.04 0.31 7.15
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% 2,292
ABC32B 0 0.0 - - KhAA Subordinated Bond 8.50% 2,334
ABC32C 0 0.0 - - khAA Subordinated Bond 7.50% p.a. 2,525
CGSM33A 0 0.0 - - KhAAA Sustainability Bond SOFR +3% or 5.5% per annum, whichever is higher 2,954
CIAF28A 0 0.0 - - KhAAA N/A 6.30% Annually 1,158
CIAF30A 0 0.0 - - KhAAA Guaranteed Bond 5.60% 1,605
GT27A 0 0.0 - - N/A Plain Bond, Green Bond 7% per annum 783
PPSP29A 0 0.0 - - KhAAA Guaranteed Green Bond Term SOFR + 1.5% 1,345
RRC32A 0 0.0 - - N/A Plain Bond 7% Annually 2,553
RRGO27A 0 0.0 - - KhAAA Guaranteed Bond SOFR+3,5% or 5% per annum (take which one is higher) 800
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) 2,627
SNTD40A 0 0.0 - - N/A Green Infrastructure Bond 180-Day SOFR Average + 1.80% 5,279
SNTD40B 0 0.0 - - N/A Green Infrastructure Bond 180-Day Average SOFR + 1.60% (4.00% - 6.00%) 5,279
Government Bonds

Historical Issuance Summary

  1 Y 2 Y 3 Y 5 Y 10 Y
Total issuance ('K units) 238.1 312.0 227.3 18.0 0.0
Outstanding (KHR'bn) 58.0 208.0 227.3 18.0 0.0
Issuance ('K units, Latest) 34.0 0.0 40.0 8.0 0.0
Coupon rate (Latest) 2.70% 3.20% 3.50% 4.34% 4.60%
Successful yield (Latest) 3.25% - 4.30% 5.00% -
Latest bidding 23-Apr-25 21-May-25 17-Sep-25 45,861 45,889
*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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