Garment provided USD 3 billion wages with workers' income above global poverty line

/ May 29, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
466.89 0.03 59,409 7,081

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 7,800 0.52 0.00 3.17 7,800 7,680 56,507 678
GTI 3,350 0.90 0.00 -11.84 3,350 3,250 24,077 134
PPAP 14,300 -0.28 -3.38 2.14 15,200 14,280 12,132 296
PPSP 2,350 0.00 -2.08 -1.67 2,400 2,350 88,005 169
PAS 13,300 -0.15 -2.21 -0.15 13,600 13,120 29,622 1,141
ABC 10,240 0.00 -10.18 -5.36 11,400 10,240 1,996,425 4,436
PEPC 3,040 0.00 -1.30 -3.49 3,080 3,040 5,923 228
DBDE 2,340 0.86 -0.85 -2.09 2,360 2,320 76,754 43
JSL 4,140 -1.90 -7.17 -16.53 4,480 4,060 8,887 106
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 6.28 0.79 1.96 8.45
GTI 3Q22 178 7,138 18.85 0.47 0.29 65.86
PPAP 3Q22 2,897 18,416 4.94 0.78 2.00 5.45
PPSP 3Q22 328 3,576 7.15 0.66 0.97 16.45
PAS 3Q22 1,568 5,986 8.48 2.22 3.22 14.41
ABC 3Q22 1,702 12,067 6.02 0.85 1.52 NA
PEPC** 2Q22 33 1,468 92.24 2.07 1.05 25.54
DBDE 3Q22 -123 1,426 NA 1.64 0.70 2.54
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 up 0.03% to 466.9 points On May 29, 2023, the CSX index increased 0.03% to 466.9 points. The share price of PWSA and GTI show a corresponding positive increase of 0.52% and 0.90%. In contrast, PPAP and PAS were down by 0.28% and 0.15%, respectively. The remaining main board stocks, namely PPSP, ABC, and PEPC exhibit no movement. On the growth board, DBDE gained by 0.86%, while JSL edged down by 1.90%. A total of 59,409 shares were traded for KHR579 million, a 27% shrink over the volume on the last closing day. (Source: YSC Research)

Economy and Industry

Garment provided USD 3 billion wages with workers' income above global poverty line On Saturday, May 27, 2023, Prime Minister Hun Sen said that the garment sector in Cambodia alone had paid more than USD 3 billion in wages annually, with an average compensation of USD 200 per month, who can earn about USD 6.6 per day of their income. According to him, this is still USD 4.7 over the USD 1.9 global poverty threshold. The employment rate in Cambodia, according to Ith Samheng, Minister of Labor and Vocational Training, has remained at 99.3% of the country's 10.8 million laborers, and the ministry has systematically registered 17,256 businesses nationwide that have employed about 1.5 million people, including 227 garment factories in Phnom Penh. (Source: Khmer Times)

Cambodia exported goods worth USD 7.23 billion between January and April of 2023 A General Department of Customs and Excise report states that during January to April 2023, Cambodia exported goods worth USD 7.23 billion, a 4.9% YoY decline from USD 7.6 billion. China, Japan, Singapore, the United States, and Vietnam are Cambodia's top five export markets. According to the report, major exports included clothing, shoes, luggage, bicycles, and a variety of agricultural items such rice, rubber, cassava, bananas, and mangoes. The kingdom's overall imports for the first four months of this year were USD 7.92 billion, down 21% YoY from USD 10.04 billion, according to the report. Oil and gas, raw materials for clothing, footwear, and travel-related items, vehicles, machinery, electronic appliances, and consumer goods were among the major imports. (Source: Khmer Times)

UK and Cambodia sign a trade and investment agreement A Memorandum of Understanding (MoU) on the establishment of a Joint commercial and Investment Forum (JTIF), with the goal of enhancing commercial cooperation between the two nations, has been signed by the Ministries of Commerce of Cambodia and the United Kingdom. The goal of the MoU is to support the new forum, which will present a chance to define and improve the trade and investment ties between the UK and Cambodia. The JTIF brought together senior government officials from the UK and Cambodia to discuss trade, the Developing Countries Trading Scheme, Cambodia's new investment law, and the UK's emphasis on sustainable and resilient growth. (Source: Khmer Times)

Corporate News

3Ei to help 55 Cambodian enterprises investment-ready Under the recently announced Enhancing Entrepreneurial Ecosystem and Investment (3Ei), a project of Khmer Enterprise and Swisscontact, at least 55 Cambodian businesses that fall under the category of Small and Growing Businesses (SGBs) would be ready to receive investment. The 3Ei program intends to channel the impact investing cash that is already flowing into Cambodia and assist SGBs in gaining access to both financial and non-financial support. The project also aims to improve collaboration amongst different ecosystem builders and develop the nation's entrepreneurial ecosystems. Through its four pillars of Connection for Collaboration, Entrepreneurship and Innovation, Blended Finance Facility, and Data, the 3Ei project seeks to promote the entrepreneurial ecosystem and encourage investments in Small and Medium Enterprises (SMEs) in Cambodia. (Source: Khmer Times)

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