PM: By 2030, Cambodia will have a higher middle-income status
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 466 | -0.07 | 71,906 | 7,068 |
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 | 7,860 | -0.25 | 1.03 | 3.97 | 7,880 | 7,680 | 25,753 | 684 |
| GTI | 3,230 | 0.62 | -3.29 | -15.00 | 3,350 | 3,210 | 3,730 | 129 |
| PPAP | 14,200 | 0.00 | 1.28 | 1.43 | 15,200 | 14,000 | 1,815 | 294 |
| PPSP | 2,340 | 0.00 | 0.43 | -2.09 | 2,370 | 2,330 | 10,023 | 168 |
| PAS | 13,280 | -0.30 | -0.75 | -0.30 | 13,460 | 13,120 | 2,078 | 1,139 |
| ABC | 10,220 | 0.00 | -0.20 | -5.55 | 10,340 | 10,220 | 268,851 | 4,427 |
| PEPC | 3,030 | -0.33 | -0.66 | -3.81 | 3,080 | 3,030 | 972 | 227 |
| DBDE | 2,300 | -0.86 | -0.86 | -3.77 | 2,350 | 2,300 | 33,699 | 42 |
| JSL | 4,020 | -3.83 | -2.43 | -18.95 | 4,420 | 4,020 | 620 | 103 |
| 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 | 6.33 | 0.80 | 1.97 | 8.47 |
| GTI | 3Q22 | 178 | 7,138 | 18.17 | 0.45 | 0.28 | 63.93 |
| PPAP | 3Q22 | 2,897 | 18,416 | 4.90 | 0.77 | 1.98 | 5.42 |
| PPSP | 3Q22 | 328 | 3,576 | 7.12 | 0.65 | 0.97 | 16.41 |
| PAS | 3Q22 | 1,568 | 5,986 | 8.47 | 2.22 | 3.21 | 14.40 |
| ABC | 3Q22 | 1,702 | 12,067 | 6.01 | 0.85 | 1.52 | NA |
| PEPC** | 2Q22 | 33 | 1,468 | 91.94 | 2.06 | 1.05 | 25.50 |
| DBDE | 3Q22 | -123 | 1,426 | NA | 1.61 | 0.69 | 2.50 |
| 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 fall for three straight trading days to 466 points On June 06, 2023, the CSX index dropped by 0.07% to 466.0 points. The share price of PWSA, PAS, and PEPC show a corresponding decrease of 0.25%, 0.30%, and 0.33%. In contrast, PPAP, PPSP, and ABC remained unchanged. GTI is the only main board stock to close on positive gain of 0.62%. On the growth board, DBDE and JSL dropped 0.86% and 3.83%, individually. A total of 71,906 shares were traded for KHR 696 million, a 32.5% rise compared to the volume on the last closing day. (Source: YSC Research)
Economy and Industry
PM: By 2030, Cambodia will have a higher middle-income status Despite the difficulties faced by the global economy, the conflict between Ukraine and Russia, and the climate change catastrophe, Prime Minister Hun Sen voiced confidence that Cambodia will become a high-middle-income nation by 2030. According to the prime minister, Cambodia is on pace to leave its classification as a least developed nation (LDC) in 2027 and advance to higher middle-income status by 2030. By 2030 and 2050, respectively, the government wants to see Cambodia become a higher-middle-income and high-income nation. The World Bank updated Cambodia's economy's status in 2016, bringing it up from the lower-middle income range into lower-middle income zone. Economists anticipate that this reclassification will result in a reduction in foreign aid and preferential trade access over the coming years. (Source: Khmer Times)
Cambodia is urged to create new aviation markets According to the ADB SEAD's "Landscape Study on Southeast Asia's Aviation Industry: COVID-19 Impact and Post-Pandemic Strategy," for Cambodia to resume growth and justify airport infrastructure investments, it will be necessary to create new air transportation markets and lessen its reliance on multi-country itineraries. According to the report, international inbound travel is Cambodia's main source of traffic and was the main engine of growth in the ten years before to the pandemic. International visitor arrivals made up 88% of the country's traffic in 2019, with nearly 100% of it concentrated in the cities of Sihanoukville (700,000) and Siem Reap (1.7 million), and over 80% in Phnom Penh (1.7 million). (Source: Khmer Times)
From January to April, furniture exports fell by nearly 29% YoY to $164 million According to preliminary Customs (GDCE) data in "International Merchandise Trade Statistics" bulletins, Cambodia earned $164.111 million from the export of "furniture, lighting signs, prefabricated buildings" in the first four months of 2023, down 28.82% YoY from $230.544 million and down 52.01% half-on-half (compared to July-October 2022 from $341.97 million). Hong Vanak, an economist at the Royal Academy of Cambodia (RAC), noted that the uncertainty in the world economy has had a significant impact on global trade flows. According to him, this has reduced Cambodia's export potential in all but basically one sector - agriculture, which supplies a fair percentage of daily necessities and consumers will postpone buying less-essential items until the economy and household finances permit. (Source: Khmer Times)
Corporate News
Hotel association and Lanmei Airlines agree on an app deal The Cambodia Hotel Association (CHA) and Chinese-owned Lanmei Airlines (Cambodia) Co Ltd have teamed up in an effort to increase regional tourism as well as to provide some of the Kingdom's accommodation facilities with efficient and affordable supply-chain linkages. Once the hotel booking function is officially implemented, which is anticipated to happen by the end of June, the relationship will give hoteliers a new channel for connecting with prospective visitors. For reference, air arrivals made up 37.29% of the 1,291,539 total foreign visitors to the Kingdom between January and March. This number increased by 709.51% from 159,546 in the same period last year, but it decreased by 31.22% from 1,877,853 in the same period in 2019. (Source: The Phnom Penh Post)
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