Industry for cashew nuts needs $300 million in working capital
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 464.47 | -0.13 | 74,440 | 7,044 |
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 | 7,480 | -0.27 | -3.86 | -1.06 | 7,880 | 7,440 | 54,993 | 651 |
| GTI | 3,200 | 0.00 | -4.19 | -15.79 | 3,350 | 3,200 | 9,721 | 128 |
| PPAP | 14,380 | -0.28 | 2.57 | 2.71 | 15,200 | 14,000 | 3,468 | 297 |
| PPSP | 2,280 | -0.44 | -2.15 | -4.60 | 2,370 | 2,280 | 54,344 | 164 |
| PAS | 13,340 | -0.30 | -0.30 | 0.15 | 13,460 | 13,140 | 8,751 | 1,144 |
| ABC | 10,240 | 0.00 | 0.00 | -5.36 | 10,340 | 10,220 | 588,604 | 4,436 |
| PEPC | 3,000 | -0.99 | -1.64 | -4.76 | 3,060 | 3,000 | 1,414 | 225 |
| DBDE | 2,270 | 0.44 | -2.16 | -5.02 | 2,350 | 2,260 | 60,595 | 42 |
| JSL | 3,980 | -1.97 | -3.40 | -19.76 | 4,420 | 3,980 | 2,803 | 102 |
| 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 | 6.02 | 0.76 | 1.88 | 8.30 |
| GTI | 3Q22 | 178 | 7,138 | 18.00 | 0.45 | 0.28 | 63.44 |
| PPAP | 3Q22 | 2,897 | 18,416 | 4.96 | 0.78 | 2.01 | 5.47 |
| PPSP | 3Q22 | 328 | 3,576 | 6.94 | 0.64 | 0.94 | 16.11 |
| PAS | 3Q22 | 1,568 | 5,986 | 8.51 | 2.23 | 3.23 | 14.45 |
| ABC | 3Q22 | 1,702 | 12,067 | 6.02 | 0.85 | 1.52 | NA |
| PEPC** | 2Q22 | 33 | 1,468 | 91.03 | 2.04 | 1.04 | 25.38 |
| DBDE | 3Q22 | -123 | 1,426 | NA | 1.59 | 0.68 | 2.47 |
| 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
Share prices of PWSA, PPAP, PPSP, PAS, and PEPC decline On June 14, 2023, the CSX index dropped 0.13% to 464.5 points. The share prices of PWSA, PPAP, PPSP, PAS, and PEPC have all decreased by comparable amounts of 0.27%, 0.28%, 0.44%, 0.30%, and 0.99%. On the other side, there was no change in the price of GTI or ABC shares. On the growth board, DBDE climbed by 0.44% and JSL decreased by 1.97%. A total of 74,440 shares were exchanged for KHR 735 million, a decline of 36.5% from the previous closing day's volume. (Source: YSC Research)
Economy and Industry
Industry for cashew nuts needs $300 million in working capital A senior official from the Cashew Nut Association of Cambodia (CAC) estimates that the cashew nut industry in Cambodia need operating capital of at least $300 million annually. Cashew has already been designated by the Cambodian government as an agro-industrial crop and as one of the 12 priority crops, and different measures have been taken to increase its output and competitiveness through economic diversification. Additionally, the government passed the National Cashew Nut Policy for 2022-2027, which intends to boost production and value-added. It aims to increase cashew production, enhance the quality of the product, encourage the establishment of local processing and value-adding facilities, and increase domestic processing capacity to at least 25% by 2027 and 50% by 2032. (Source: Khmer Times)
US continues to be Cambodia's top export destination The General Department of Customs and Excise (GDCE) data shows that for the first five months of this year, the United States remained Cambodia's top export market. According to the GDCE study, Cambodia's overall exports to the US during the first five months of 2023 totaled $3.19 billion, down 14.3% from $3.73 billion during the same time last year. 34.8% of Cambodia's $9.18 billion in total exports were from the US. Under the Most-Favoured Nation (MFN) classification, goods created in Cambodia that are exported to the US are subject to standard import tariffs. The Generalized System of Preferences (GSP), however, provided benefits for travel-related exports from the nation to the US until its expiration in 2020. (Source: Khmer Times)
The draft laws authorizing ratification of the ASEAN Trade in Services Agreement and the environment and natural resources code have both been adopted by the Cambodian Senate The Senate's 4th Legislative Assembly's 10th session, which was presided over by Say Chhum, its President, was held in the Senate Palace on June 13, 2023. The draft Environment and Natural Resources Code, defended by Say Samal, Minister of Environment, addressed the uncertainties and antiquatedness of some law sections to address new challenges and better assist environment and natural resource management and development in Cambodia. Pan Sorasak, Minister of Commerce, defended the proposed law for ratification of the ASEAN Trade in Services Agreement. (Source: Khmer Times)
Corporate News
Agreement between a seaplane operator and a Cambodian flight school Novation Academy, a brand-new corporation authorized to provide flying training in Cambodia, has signed a Memorandum of Understanding (MoU) with Royal Group Samra Seaplane. Samra Seaplane and Novation Academy will work together and look for synergies, especially in light of Samra Seaplane starting a new amphibious seaplane operation in Cambodia. For Samra Seaplane, the academy will create training programs for seaplane ratings and support their operations. Both businesses will run collaborative and cooperative marketing initiatives. (Source: Khmer Times)
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