For the first five months of this year, Cambodia has collected $1.8 billion in taxes

/ June 19, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
461.48 -0.55 85,542 6,999

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 0.00 -3.86 -1.06 7,880 7,440 59,244 651
GTI 3,180 -0.31 -4.79 -16.32 3,350 3,180 10,385 127
PPAP 14,020 -1.27 0.00 0.14 14,800 14,000 3,689 290
PPSP 2,290 0.00 -1.72 -4.18 2,370 2,280 59,255 165
PAS 12,900 -3.01 -3.59 -3.15 13,460 12,900 14,942 1,106
ABC 10,240 0.00 0.00 -5.36 10,260 10,220 815,030 4,436
PEPC 3,000 0.00 -1.64 -4.76 3,060 3,000 1,747 225
DBDE 2,250 2.27 -3.02 -5.86 2,350 2,200 68,602 42
JSL 3,940 0.25 -4.37 -20.56 4,420 3,910 5,584 101
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 17.89 0.45 0.28 63.12
PPAP 3Q22 2,897 18,416 4.84 0.76 1.96 5.36
PPSP 3Q22 328 3,576 6.97 0.64 0.95 16.16
PAS 3Q22 1,568 5,986 8.22 2.15 3.12 14.08
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 1.58 0.67 2.45
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 GTI, PPAP, and PAS fall on June 19 The CSX index slipped 0.55% to 461.5 points on June 19, 2023. Equivalent share price drops of 0.31%, 1.27%, and 3.01% were seen for GTI, PPAP, and PAS, respectively. The remaining main board stocks, such as PWSA, PPSP, ABC, and PEPC, remained untouched. JSL gained 0.25% and DBDE jumped by 2.27% on the growth board. There were 85,542 shares traded in total, representing KHR 856 million, an increase of 11.9% from the previous closing day's volume. (Source: YSC Research)

Economy and Industry

For the first five months of this year, Cambodia has collected $1.8 billion in taxes Over $1.8 billion in tax revenue was collected by the General Department of Taxation (GDT) of the Ministry of Economy and Finance in the first five months of this year, or around 51% of the annual target. Kong Vibol, the Director General of GDT, disclosed the data during a recapitulative meeting on tax revenue collection. The importance of tax collection in the first five months was underlined by Kong Vibol. He credited the government's effective initiatives, particularly in dealing with and containing the COVID-19, for the success. The government intends to collect KHR 23 trillion (about $5.5 billion) from the GDT and the General Department of Customs and Excise in 2023. (Source: Khmer Times)

Release of the new ministerial regulation for faster rooftop solar power implementation in Cambodia The High-Level Forum on the Principles for Permitting the Use of Rooftop Solar Power in Cambodia was presided over by Suy Sem, the Minister of Mines and Energy. The new Prakas (Ministerial Regulation), which supersedes all prior Prakas, decisions, and regulations on the issue, was introduced. The nation has embraced renewable energy quickly, boosting its electricity production from a 10 MW pilot in 2017 to 436.8 MW by the end of 2022. According to the Power Development Masterplan, it may be possible to attain 1,005 MW overall by 2030 and 3,155 MW by 2040. (Source: Khmer Times)

Over $180 million in public debt payments were made in the first quarter According to the Ministry of Economy and Finance, the Cambodian government paid debt service payments totaling $180.68 million in the first quarter (Q1) of 2023, a decrease of 3.4% from the $187.03 million reported in the same quarter last year. According to the finance ministry's most recent Cambodia Public Debt Statistical Bulletin, the equivalent of $180.58 million went toward the public external debt - $139.98 million for principal and $40.60 million for interest and other fees - while the remaining $0.10 million was made up entirely of interest payments on the government's domestic debt. In contrast, the government paid debt service on the public external debt totaling $464.22 million last year, an increase of 21.3% from $382.78 million in 2021. (Source: The Phnom Penh Post)

Corporate News

A $263 million cement plant in Kampong Speu is about to begin operations Soon, a new cement factory in Kampong Speu province's Oral district is expected to start producing cement, adding two million tons to the local market's supply. With this addition, Cambodia will have six cement factories in total. Conch KT Cement, a Chinese corporation, will contribute around $263 million to the project. The same business has also invested in a cement mill in the province of Battambang. Currently, the nation has five cement mills with a combined yearly production capacity of roughly 9 million tons. The five cement manufacturing facilities in the Kingdom are Thai Bun Rong, Battambang Conch Cement, Chip Mong Insee, and Cambodia Cement Chakrey Ting. (Source: Khmer Times)

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