Thailand imports from Cambodia increased by around 10% in the first five months of '23

/ June 20, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
461.03 -0.10 24,556 6,992

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 7,500 0.27 -3.60 -0.79 7,880 7,440 59,555 652
GTI 3,170 -0.31 -5.09 -16.58 3,350 3,170 10,598 127
PPAP 14,160 1.00 1.00 1.14 14,420 14,000 3,884 293
PPSP 2,290 0.00 -1.72 -4.18 2,370 2,280 60,655 165
PAS 12,880 -0.16 -3.74 -3.30 13,400 12,880 16,891 1,105
ABC 10,220 -0.20 -0.20 -5.55 10,260 10,220 835,395 4,427
PEPC 2,990 -0.33 -1.97 -5.08 3,050 2,990 1,870 224
DBDE 2,250 0.00 -3.02 -5.86 2,350 2,200 70,747 42
JSL 3,960 0.51 -3.88 -20.16 4,220 3,910 6,885 102
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 6.04 0.76 1.88 8.30
GTI 3Q22 178 7,138 17.83 0.44 0.28 62.96
PPAP 3Q22 2,897 18,416 4.89 0.77 1.98 5.41
PPSP 3Q22 328 3,576 6.97 0.64 0.95 16.16
PAS 3Q22 1,568 5,986 8.21 2.15 3.12 14.06
ABC 3Q22 1,702 12,067 6.01 0.85 1.52 NA
PEPC** 2Q22 33 1,468 90.72 2.04 1.04 25.34
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

PPAP biggest gainer on June 20, 2023 On June 20, 2023, the CSX index decreased 0.10% to 461.0 points. For GTI, PAS, ABC, and PEPC, respective share price declines of 0.31%, 0.16%, 0.20%, and 0.33% were seen. With a rise of 1.00%, PPAP is the biggest gainer, while PWSA only experienced a rise of 0.27%. Meanwhile, there is no change in PPSP. On the growth board, JSL increased by 0.51% and DBDE stayed steady. A total of 24,556 shares, or KHR 242 million, were traded, which is a decline of 71.3% from the volume on the previous closing day. (Source: YSC Research)

Economy and Industry

Thailand imports from Cambodia increased by around 10% in the first five months of '23 Cambodian goods exports to Thailand reached $480.236 million in the first five months of 2023, up 9.47% YoY from $438.705 million and up 84.47% half-on-half (compared to July-November 2022) from $260.33 million, according to Customs (GDCE). According to provisional GDCE figures compiled in "International Merchandise Trade Statistics" bulletins, the value of goods traded between the two kingdoms in January - May 2023 was $1.705 billion, down 8.78% YoY from $1.869 billion and down 14.79% half-on-half from $2.001 billion. Likewise, Cambodia imported $1.225 billion worth of products from Thailand, a decrease of 29.64% half-on-half from $1.741 billion and 14.38% YoY from $1.430 billion. (Source: The Phnom Penh Post)

A study of Cambodia's undeveloped oil reserves was suggested by the PM On June 19, 2023, Prime Minister Hun Sen stated that Cambodia has significant oil reserves beneath the seabed that are awaiting exploration and investment. For investments in the oil industry, he promoted pursuing research on the discovery of oil resources underneath the Khmer seabed and the Tonle Sap. The first oil production in Cambodia was stopped, and the government is now seeking investment to resume pumping in the Khmer Basin in the country's marine waters. This is why the prime minister made his comments. The Singaporean business KrisEnergy began its first oil production in Cambodia on December 28, 2020, and six months later, in June 2021, the company filed for bankruptcy. (Source: Khmer Times)

'By 2027', 30% of locally grown cashews will be processed According to the head of the Cashew Nut Association of Cambodia (CAC), the recently-launched National Policy on Cashew Nuts for 2022-2027 will increase processing of the kidney-shaped seeds to 30% of the nation's total production - in terms of tonnage - by 2027 from the "current 5%," by encouraging investment in domestic cultivation and industrial facilities. The policy, which was formally unveiled by the Ministry of Commerce on June 14 with the aim of enhancing Cambodia's capacity to produce, store, process, package, market, distribute, and export cashew nuts and products derived from them, as well as to compete on the international market in terms of quality and quantity to meet sustainability and economic diversification goals, was also unveiled that day. (Source: The Phnom Penh Post)

Corporate News

Kampong Speu inaugurates a shoe plant with a 3 million pair annual manufacturing capability. In Kampong Speu province, All Win Shoes (Cambodia) Co Ltd. invested more than $6.4 million to introduce 3 million pairs of winter safety shoes that meet international standards. The firm produces safety shoes and winter boots of an international quality for use at home, in the business sector, and for sale to the US market, according to Hu Chaohui, CEO of All Win Shoes (Cambodia) Co., Ltd. Currently, Kampong Speu Province is home to 385 companies with over 150,000 employees and 191 garment manufacturers with a combined workforce of over 145,000. The average annual income for the province is $481 million. (Source: Khmer Times)

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