In Q1 2023, the insurance sector in Cambodia had growth of 5.6% YoY
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 465.91 | -0.02 | 48,894 | 7,066 |
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 | 7,840 | -0.25 | 0.77 | 3.70 | 7,880 | 7,680 | 38,140 | 682 |
| GTI | 3,230 | 0.00 | -3.29 | -15.00 | 3,350 | 3,210 | 4,353 | 129 |
| PPAP | 14,200 | 0.00 | 1.28 | 1.43 | 15,200 | 14,000 | 1,918 | 294 |
| PPSP | 2,320 | -0.85 | -0.43 | -2.93 | 2,370 | 2,320 | 14,237 | 167 |
| PAS | 13,300 | 0.15 | -0.60 | -0.15 | 13,460 | 13,120 | 2,575 | 1,141 |
| ABC | 10,220 | 0.00 | -0.20 | -5.55 | 10,340 | 10,220 | 299,911 | 4,427 |
| PEPC | 3,030 | 0.00 | -0.66 | -3.81 | 3,080 | 3,030 | 982 | 227 |
| DBDE | 2,290 | -0.43 | -1.29 | -4.18 | 2,350 | 2,290 | 36,332 | 42 |
| JSL | 4,020 | 0.00 | -2.43 | -18.95 | 4,420 | 4,020 | 755 | 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 | 6.31 | 0.80 | 1.97 | 8.46 |
| 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 | 7.06 | 0.65 | 0.96 | 16.31 |
| PAS | 3Q22 | 1,568 | 5,986 | 8.48 | 2.22 | 3.22 | 14.41 |
| 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 | 2.49 |
| 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 four straight trading days to 465.9 points On June 07, 2023, the CSX index dropped by 0.02% to 465.9 points. The share price of PWSA and PPSP show a corresponding decrease of 0.25% and 0.85%. In contrast, GTI, PPAP, ABC, and PEPC remained unchanged. PAS is the only main board stock to close on a positive gain of 0.15%. On the growth board, DBDE dropped 0.43% and JSL showed no movement. A total of 48,894 shares were traded for KHR 435 million, a 32.0% decline compared to the volume on the last closing day. (Source: YSC Research)
Economy and Industry
In Q1 2023, the insurance sector in Cambodia had growth of 5.6% YoY In the first quarter (Q1) of 2023, the insurance sector in Cambodia recorded total premiums of 93.3 million US dollars, an increase of 5.6% YoY from $88.3 million in 2022. According to the Insurance Regulator of Cambodia (IRC) report, the growth was brought about by 18 general insurers, 14 life insurers, seven micro-insurance businesses, and one reinsurance company. According to the report, the gross premium for general insurance rose by 6.5% YoY to $42.7 million in the first quarter of this year, while premiums for life insurance rose by 3.5% to $48.7 million and by 45% to $1.83 million for microinsurance. It stated that the total amount of claims paid out by the insurers in Q1 was $5.85 million, up 20.6% from $4.85 million. (Source: Khmer Times)
Jan-Apr Indonesian trade increases 27% YoY: GDCE In the first four months of 2023, the total value of goods traded between Cambodia and Indonesia increased by one-fourth when compared to the same period in the previous year, defying the global trend of declining exports during a global economic downturn made worse by the conflict in the Ukraine and conflicts between major powers on a geopolitical level. According to preliminary Customs (GDCE) data in "International Merchandise Trade Statistics" bulletins, the amount of goods traded between the two countries in January-April 2023 totaled $392.065 million, up 27.01% YoY from $308.687 million and up 27.82% half over half (compared to July-October 2022 from $306.73 million). (Source: The Phnom Penh Post)
Cross-border QR payment phase II is launched in Cambodia and Thailand The second phase of Cambodia and Thailand's cross-border QR payment system, which aims to encourage the use of local currencies, financial inclusion, and cross-border trade and tourism, has just been introduced. According to a press release, the second phase of cross-border QR payments between Cambodia and Thailand seeks to encourage the use of local currencies and financial inclusion, ease cross-border commerce activities, and increase tourism in both countries. The project's initial phase began in 2020. In the initial phase, Cambodians were able to pay for products and services by scanning QR codes at retail businesses in Thailand with their mobile banking apps. (Source: Khmer Times)
Corporate News
Naga 3 was delayed until September 2029 The $3.5 billion Naga 3 project's planned completion date has been moved from September 30, 2025 to exactly four years later, according to the Hong Kong-listed casino operator and developer NagaCorp Ltd. This move was made in an effort to reduce capital expenditure (capex) amid concerns about the state of the world economy. In a filing to Stock Exchange of Hong Kong Ltd (SEHK) in April 2019, NagaCorp revealed plans for the Naga 3 to be built on the site of the former "White Building" in Tonle Bassac commune in Chamkarmon district. The government has given its preliminary approval for the construction of the Naga 3 integrated entertainment complex, which will consist of four 42-story buildings on a 7,757 square meter site. (Source: The Phnom Penh Post)
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