SERC launches Fintech Regulatory Sandbox

/ December 26, 2022

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
479.99 0.16 98,140 7,280

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 7,500 0.27 1.08 4.75 7,500 7,400 39,247 652
GTI 3,670 0.00 -3.67 -13.03 3,810 3,600 78,563 147
PPAP 14,000 0.00 0.00 -4.76 14,000 13,940 3,503 290
PPSP 2,360 0.00 1.29 14.01 2,380 2,330 137,216 170
PAS 13,280 0.00 2.15 -0.30 13,280 12,920 25,369 1,139
ABC 10,720 0.19 1.90 1.90 10,720 10,520 901,240 4,644
PEPC 3,190 0.63 1.59 1.27 3,190 3,130 6,856 239
DBDE 2,370 0.00 -0.42 2.60 2,380 2,360 78,424 44
JSL 4,940 0.82 2.92 NA 4,940 4,760 49,053 127
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 3Q22 1,242 9,852 6.04 0.76 1.88 8.30
GTI 3Q22 178 7,138 20.65 0.51 0.32 71.02
PPAP 3Q22 2,897 18,416 4.83 0.76 1.95 5.36
PPSP 3Q22 328 3,576 7.18 0.66 0.98 16.50
PAS 3Q22 1,568 5,986 8.47 2.22 3.21 14.40
ABC 3Q22 1,702 12,067 6.30 0.89 1.59 NA
PEPC** 2Q22 33 1,468 96.79 2.17 1.10 26.16
DBDE 3Q22 -123 1,426 NA 1.66 0.71 2.57
NOTE: ttm= trailing-twelve months; mrq = most recent quarter; *Excluding equity of non-common shares for PPWSA, PPAP and PAS; **FY ending in June

News Highlights

Stock Market

CSX index advances for sixth trading day straight On Dec 26, 2022, the CSX index advanced for the sixth trading day, rising 0.16% from the previous close to end at 480.0pts. ABC shares edged up 0.19% to KHR10,720, while PEPC and PPWSA shares rose 0.63% and 0.27% to KHR3,190, and KHR7,500, respectively. The other stocks remained unchanged. On the growth board, JSL shares were up 0.82% to KHR4,940, while DBDE shares remained unmoved at KHR2,370. (Source: YSC Research).

Economy and Industry

SERC launches Fintech Regulatory Sandbox The Securities and Exchange Regulator of Cambodia (SERC) has launched the FinTech Regulatory Sandbox, an environment allowing firms to experiment with innovative financial products or services with real customers in a production environment, within a well-defined space and for a limited duration. The move is aimed at encouraging innovative financial technology (fintech) in Cambodia's securities sector. Firms looking to apply technology in an innovative way to provide financial products or services likely to be regulated by SERC can apply for approval to enter the FinTech Regulatory Sandbox. During the duration of the FinTech Sandbox, SERC will consider relaxations or exemptions to regulatory requirements. Upon successful experimentation and exiting the sandbox, the firm must still comply fully with relevant regulatory requirements. (Source: Phnom Penh Post)

Corporate News

Cambodia Angkor Air starts Siem Reap-Hanoi flight Cambodia Angkor Air started operations of flight between Siem Reap and Hanoi last week, giving a big boost to tourism and trade ties. The airline has plans to operate three Airbus A320/1 flights on Tuesday, Thursday, and Saturday every week. It also has plans to start direct flights from Siem Reap to Ho Chi Minh City and Da Nang. According to reports, Cambodia is Vietnam's third largest source of foreign tourists post-reopening. A total of 172,000 people from Cambodia visited Vietnam in the first 11 months of this year. Cambodia also received a good number of tourists from Vietnam, with 180,000 Vietnamese tourists visiting the Kingdom in the first 11 months of 2022. (Source: Khmer Times)

PPAP see 22% YoY surge in revenue in first 11 months Phnom Penh Autonomous Port (PPAP) reported revenue of more than $37mn in the first 11 months of the year, up 22% YoY, according to an unaudited financial report filed to the Cambodia Securities Exchange (CSX) on Dec 12. Of the total revenue, income from port operations accounted for $29mn (up 20% YoY), income from administrative operations ($3.8mn; up 17% YoY), other services ($273K, down 11% YoY), and other sources ($3.8mn; up 55% YoY). The number of cargo vessels soared 55% YoY to 3,271 as oil and gas cargo volume rose 3.6% to 3.6 million tonnes. Meanwhile, container throughput increased 21.4% YoY to 383,261 TEUs. (Source: Phnom Penh Post)

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