GDT considers using blockchain technology to collect taxes

/ June 22, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
460.18 -0.05 123,801 6,979

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 65,487 651
GTI 3,150 -0.63 -5.69 -17.11 3,350 3,150 11,225 126
PPAP 14,220 -0.42 1.43 1.57 14,420 14,000 4,324 294
PPSP 2,260 -0.88 -3.00 -5.44 2,350 2,260 72,145 162
PAS 12,880 0.00 -3.74 -3.30 13,400 12,880 17,976 1,105
ABC 10,200 0.00 -0.39 -5.73 10,260 10,200 984,254 4,418
PEPC 2,980 0.00 -2.30 -5.40 3,050 2,980 1,980 223
DBDE 2,240 -0.44 -3.45 -6.28 2,350 2,200 72,117 41
JSL 3,950 0.25 -4.13 -20.36 4,220 3,910 7,375 102
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 17.72 0.44 0.28 62.64
PPAP 3Q22 2,897 18,416 4.91 0.77 1.98 5.43
PPSP 3Q22 328 3,576 6.88 0.63 0.93 16.01
PAS 3Q22 1,568 5,986 8.21 2.15 3.12 14.06
ABC 3Q22 1,702 12,067 5.99 0.85 1.52 NA
PEPC** 2Q22 33 1,468 90.42 2.03 1.03 25.30
DBDE 3Q22 -123 1,426 NA 1.57 0.67 2.44
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

Majority of main board unchanged on June 22 On June 22, 2023, the CSX index decreased 0.05% to 460.2 points. GTI, PPAP, and PPSP all had reductions of 0.63%, 0.40%, and 0.80%, respectively. Today, the majority of the main board stocks, including PWSA, PAS, ABC, and PEPC, did not change. DBDE fell by 0.44%, and the lone gainer was DBDE, which rose by 0.25%. A total of 123,801 shares were traded for KHR 1,178 million, an increase of 176.7% from the previous closing day's volume. (Source: YSC Research)

Economy and Industry

GDT considers using blockchain technology to collect taxes According to Kong Vibol, Director General of the General Department of Taxation (GDT) intends to use blockchain technology to further improve Cambodia's tax collection system. Vibol revealed this at the "Tax Updates" session held at Oakwood Premier Phnom Penh and sponsored by the American Chamber of Commerce (AmCham) in Cambodia. Vibol stated that a research on implementing the technology would be made after the general elections. The GDT Director General remarked that blockchain technology has the potential to increase system transparency, but it also has some infrastructural requirements, particularly for telecom services, and needs to be tested before being implemented. (Source: Khmer Times)

Launch of the Productive Capacities Index; Cambodia PCI score: 36.37 To assist nations in conducting more precise diagnostics and measurements of their economic performance, the United Nations Conference on Trade and Development (UNCTAD) introduced a new generation Productive Capacities Index (PCI). According to UNCTAD, Cambodia's PCI score is expected to be 36.7, while its long-term GDP per capita is 3.21. The PCI rates a nation's capacity to create goods and provide services, both of which are essential for cross-border commerce and global manufacturing value chains. The PCI better captures economic potential and identifies important areas for development policy focus by measuring the economy from an input viewpoint across eight fundamental components of productive capacity. (Source: Khmer Times)

Cross-border payment in Cambodia begins with a South Korean QR code According to a representative of the National Bank of Cambodia (NBC), Acleda Bank Plc has been given authorization to partner with Global Loyalty Network or GLN International Inc. to begin their combined cross-border payment through the national bank's POS terminals. The NBC representative did however note that the global network of digital wallets for cross-border mobile payments GNL QR code's debut of CPM Cross Border QR Payments via POS terminals in Cambodia will be on a trial basis for a while. The project is expected to benefit nearly 60 million people around the world who use GLN QR and help boost tourism in Cambodia. (Source: Khmer Times)

Corporate News

AirAsia Cambodia is on schedule to begin operations in Q4 2023 The fourth quarter of the current year will see the launch of AirAsia Cambodia, the affiliate of one of the top airlines in the region. The low-cost carrier intends to begin operations with two A321-200Ns and subsequently increase that number to as many as 15. With an emphasis on the Siem Reap, Sihanoukville, and Phnom Penh hubs of the AirAsia Group, AirAsia Cambodia will operate flights within a four-hour radius of the nation. Currently, AirAsia has 95 weekly flights to Cambodia connecting Kuala Lumpur, Penang, and Bangkok with Phnom Penh, Siem Reap, and Sihanoukville. AirAsia has reportedly transported over 10 million tourists to and from the Kingdom, according to the airlines. (Source: Khmer Times)

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