Hundreds of new electric vehicle chargers planned for Cambodia, potentially launching by 2026

| News Highlights |
Economy and Industry
Hundreds of new electric vehicle chargers planned for Cambodia, potentially launching by 2026 The Electricity Authority of Cambodia plans to deploy hundreds of electric vehicle charging stations across the country by early 2026, with 30 new stations anticipated by the end of 2025. Each province will have at least 2 to 3 charging stations. Currently, only four companies have licenses for these stations, and Mr. Yim Viseth, head of the authority, encourages unlicensed establishments to apply for legal status to benefit from lower electricity prices. For those licensed, the cost of charging is regulated, with fines and potential license withdrawal for non-compliance. Charging prices are set at 1,050 riel/kWh for AC, 1,350 riel/kWh for DC Fast Charge, and 1,450 riel/kWh for Super-fast Charge, monitored by a national app to ensure compliance. (Source: Khmer Times)
Cambodia's trade deficit with Vietnam Shrinks by one-third The trade imbalance between Cambodia and Vietnam has significantly reduced, with a deficit of just over $300 million in the first ten months of the year, down from nearly $400 million the previous year. Bilateral trade for this period reached $6.58 billion, up 1.3% from 2024. Cambodian exports to Vietnam rose by 3% to $3.14 billion, while imports dropped slightly by 0.2% to $3.44 billion. Cambodia's trade deficit with Vietnam decreased from $398.4 million last year to $301.98 million this year. Vietnam accounted for 12.53% of Cambodia's total trade, making it the third-largest trading partner. Economists attribute the narrowing gap to increased agricultural output, better manufacturing, and diversification of imports. The two countries reaffirmed their commitment to enhancing cooperation in trade and tourism, focusing on key sectors like agriculture and logistics for mutual economic growth. (Source: The Phnom Penh Post)
Cambodia and Sri Lanka discuss new avenues for trade and investment Both Cambodian and Sri Lankan business leaders have engaged in discussions to enhance trade and investment, particularly in sectors like manufacturing, logistics, construction, energy, tourism, and services. The meeting, led by Kith Meng from the Cambodia Chamber of Commerce and Tilak Gunawardana from the Sri Lanka-Greater Mekong Business Council, emphasized the private sector's role in economic growth and bilateral cooperation. Meng advocated for joint ventures and highlighted Cambodia's economic stability and infrastructure potential, inviting Sri Lankan Airlines to consider direct flights to boost tourism and trade. Gunawardana expressed interest in Cambodia's economic opportunities and extended an invitation for a Cambodian delegation to visit Sri Lanka. (Source: Khmer Times)
Corporate News
MB Bank (Cambodia) to enhance Cambodia-Vietnam remittance network with upcoming Kampong Cham Branch MBCambodia, a subsidiary of MB Group, has announced the opening of a new branch in Kampong Cham Province on November 15, 2025. This expansion into a key economic region positions MBCambodia to serve local customers, particularly in the agro-industry sector, and enhances its role in cross-border commerce with Vietnam. The branch will provide a variety of commercial banking services including instant money transfers to Vietnam with zero service fees for receiving funds and low fees for other transactions. MBCambodia will also launch promotional programs to celebrate the grand opening. Customers can expect updates via the bank's official website and social media. (Source: The Phnom Penh Post)
Stock Market
CSX edges up as PPAP and MJQE lead gains On 18 November 2025, the CSX Index rose 0.22% to close at 412.1 points. On the Main Board, PPAP (+0.88%), MJQE (+0.51%), CGSM (+0.40%), and PEPC (+0.39%) recorded gains, while PAS (-0.16%) posted a loss. PWSA, GTI, PPSP, and ABC remained unchanged. On the Growth Board, DBDE rose 0.47%, while JSL remained unchanged. Total trading volume reached 130,842 shares, with a turnover of KHR 797 million. (Source: YSC Research)
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 412.1 | 0.22 | 130,842 | 11,053 |
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 | 6,200 | 0.00 | 0.65 | -2.52 | 6,220 | 6,140 | 35,352 | 539 |
| GTI | 7,040 | 0.00 | -0.28 | 38.58 | 7,120 | 6,980 | 38,135 | 282 |
| PPAP | 13,800 | 0.88 | 2.07 | -0.29 | 13,800 | 6,220 | 6,355 | 285 |
| PPSP | 2,060 | 0.00 | 0.49 | -5.07 | 2,070 | 2,030 | 186,074 | 148 |
| PAS | 12,260 | -0.16 | 0.99 | 6.06 | 12,280 | 12,080 | 4,264 | 1,052 |
| ABC | 7,000 | 0.00 | 3.55 | -7.16 | 7,180 | 6,740 | 489,802 | 3,032 |
| PEPC | 2,600 | 0.39 | 3.59 | 7.44 | 2,650 | 2,500 | 1,708 | 195 |
| MJQE | 1,980 | 0.51 | 0.00 | -4.81 | 1,980 | 1,960 | 92,621 | 642 |
| CGSM | 2,490 | 0.40 | 1.22 | 2.47 | 6,220 | 2,430 | 37,977 | 4,879 |
| DBDE | 2,130 | 0.47 | 5.45 | 3.40 | 2,130 | 2,000 | 12,846 | 39 |
| JSL | 2,700 | 0.00 | -3.23 | -21.05 | 2,840 | 2,650 | 5,057 | 69 |
| 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 | 7.49 | 0.53 | 1.69 | 14.88 |
| GTI | 2Q25 | 29 | 7,023 | 241.59 | 1.00 | 0.86 | 39.69 |
| PPAP | 1Q25 | 2,951 | 22,115 | 4.68 | 0.62 | 1.60 | 4.02 |
| PPSP | 2Q25 | 735 | 4,376 | 2.80 | 0.47 | 0.94 | 2.08 |
| PAS | 1Q25 | 1,212 | 8,224 | 10.12 | 1.49 | 2.21 | 7.74 |
| ABC | 2Q25 | 1,460 | 14,410 | 4.79 | 0.49 | 0.84 | NA |
| PEPC* | 3Q25 | -1,445 | -1,303 | NA | NA | 3.11 | NA |
| MJQE | 2Q25 | 45 | 340 | 43.83 | 5.82 | 3.87 | 12.70 |
| CGSM | 2Q25 | 25 | 618 | 101.35 | 4.03 | 7.11 | 19.70 |
| JSL | 2Q25 | -82 | 492 | NA | 5.48 | 19.98 | 33.78 |
| DBDE | 2Q25 | 147 | 1,933 | 14.53 | 1.10 | 0.33 | 7.44 |
| 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% | 2,257 |
| ABC32B | 0 | 0.0 | - - | KhAA | Subordinated Bond | 8.50% | 2,299 |
| ABC32C | 0 | 0.0 | - - | khAA | Subordinated Bond | 7.50% p.a. | 2,490 |
| CGSM33A | 0 | 0.0 | - - | KhAAA | Sustainability Bond | SOFR +3% or 5.5% per annum, whichever is higher | 2,919 |
| CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% Annually | 1,123 |
| CIAF30A | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | 5.60% | 1,570 |
| GT27A | 0 | 0.0 | - - | N/A | Plain Bond, Green Bond | 7% per annum | 748 |
| PPSP29A | 0 | 0.0 | - - | KhAAA | Guaranteed Green Bond | Term SOFR + 1.5% | 1,310 |
| RRC32A | 0 | 0.0 | - - | N/A | Plain Bond | 7% Annually | 2,518 |
| RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | SOFR+3,5% or 5% per annum (take which one is higher) | 765 |
| 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) | 2,592 |
| SNTD40A | 0 | 0.0 | - - | N/A | Green Infrastructure Bond | 180-Day SOFR Average + 1.80% | 5,244 |
| SNTD40B | 0 | 0.0 | - - | N/A | Green Infrastructure Bond | 180-Day Average SOFR + 1.60% (4.00% - 6.00%) | 5,244 |
| Government Bonds |
Historical Issuance Summary
| 1 Y | 2 Y | 3 Y | 5 Y | 10 Y | |
| Total issuance ('K units) | 238.1 | 312.0 | 384.8 | 18.0 | 0.0 |
| Outstanding (KHR'bn) | 58.0 | 208.0 | 384.8 | 18.0 | 0.0 |
| Issuance ('K units, Latest) | 34.0 | 0.0 | 157.5 | 8.0 | 0.0 |
| Coupon rate (Latest) | 2.70% | 3.20% | 3.40% | 4.34% | 4.60% |
| Successful yield (Latest) | 3.25% | - | 3.90% | 5.00% | - |
| Latest bidding | 23-Apr-25 | 21-May-25 | 22-Oct-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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