Cambodia overtakes China to become Adidas' largest garment manufacturer in 2021
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 492.78 | -0.02 | 26,843 | 7,474 |
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 | 7,940 | 0.25 | 1.28 | 5.03 | 7,940 | 7,700 | 23,166 | 691 |
| GTI | 3,700 | 0.00 | -0.27 | -2.63 | 3,730 | 3,660 | 6,433 | 148 |
| PPAP | 15,000 | -0.92 | 0.67 | 7.14 | 15,140 | 14,320 | 3,729 | 310 |
| PPSP | 2,430 | 0.00 | 0.41 | 1.67 | 2,430 | 2,390 | 46,581 | 175 |
| PAS | 14,000 | 0.00 | -0.43 | 5.11 | 14,100 | 13,700 | 16,384 | 1,201 |
| ABC | 10,880 | 0.00 | 0.18 | 0.55 | 10,880 | 10,840 | 231,387 | 4,713 |
| PEPC | 3,160 | 0.00 | -0.63 | 0.32 | 3,200 | 3,140 | 9,780 | 237 |
| DBDE | 2,440 | 0.00 | 0.00 | 2.09 | 2,440 | 2,400 | 10,756 | 45 |
| JSL | 4,820 | 0.42 | 0.42 | -2.82 | 4,840 | 4,800 | 6,053 | 124 |
| 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 | 6.39 | 0.81 | 1.99 | 8.51 |
| GTI | 3Q22 | 178 | 7,138 | 20.82 | 0.52 | 0.32 | 71.51 |
| PPAP | 3Q22 | 2,897 | 18,416 | 5.18 | 0.81 | 2.09 | 5.66 |
| PPSP | 3Q22 | 328 | 3,576 | 7.40 | 0.68 | 1.01 | 16.85 |
| PAS | 3Q22 | 1,568 | 5,986 | 8.93 | 2.34 | 3.39 | 15.01 |
| ABC | 3Q22 | 1,702 | 12,067 | 6.39 | 0.90 | 1.62 | NA |
| PEPC** | 2Q22 | 33 | 1,468 | 95.88 | 2.15 | 1.09 | 26.03 |
| DBDE | 3Q22 | -123 | 1,426 | NA | 1.71 | 0.73 | 2.64 |
| 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 edges down slightly On Feb 9, 2023, the CSX index edged down 0.02% to 492.8pts. Only PPAP shares made loss today, dropping 0.92% from the previous close to KHR15,000. PPWSA shares gained slightly, up 0.25% to KHR7,940. The other stocks on the main board were unchanged. Meanwhile, on the growth board, DBDE shares remained unmoved at KHR2,440, while JSL shares rose 0.42% to KHR4,820. (Source: YSC Research)
Economy and Industry
Cambodia overtakes China to become Adidas' largest garment manufacturer in 2021 Cambodia overtook China to become Adidas' garment manufacturer in 2021. Cambodia made 21% of Adidas' sports clothing in 2021, followed by China with 20% and Vietnam 15%, according to Bavaria-based firm' financial report. Back in 2013, China as the biggest producer at 33%, followed by Indonesia with 11% and Vietnam 10%. Adidas' sales are also tumbling in China and have dropped for six consecutive quarters due to the Covid-19 pandemic, changes in consumer preference and stiff competition. The sportswear giant said at the end of last year that it will reduce the number of outlets in China to 8,000 from 12,000. In pursuit of lower costs, many Chinese manufacturers are moving production to Southeast Asia. Shenzhou International Group Holdings, one of Adidas: biggest suppliers, is building more plants in Cambodia and Vietnam. (Source: Khmer Times)
Corporate News
CPBank and ADB partner on SME loan project Cambodia Post Bank (CPBank) and the Asian Development Bank (ADB) have partnered on a $10mn loan initiative to provide the Kingdom's MSMEs to support their recovery after years of COVID-related disruptions, according to the ADB. At least 50% of the proceeds are marked to finance MSMEs led by women, the ADB said in a statement. Cambodia's MSMEs have limited access to finance, with less than 20% of unregistered enterprises acquiring a loan or a credit line from a financial institution, it said, adding that the challenges facing female entrepreneurs are particularly acute, with fewer than 5% having access to formal credit. CPBank CEO Toch Chaochek said that the assistance from ADB will help us to provide additional financial products and services to these underserved businesses while supporting their working capital and investment needs. (Source: Phnom Penh Post)
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