The service industry is expected to overtake agriculture as Cambodia's largest sector by GDP

/ June 29, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
455.61 0.35 139,864 6,965

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 74,960 651
GTI 3,100 0.65 -7.19 -18.42 3,260 3,080 15,421 124
PPAP 14,320 -0.28 2.14 2.29 14,420 14,020 5,188 296
PPSP 2,190 -0.45 -6.01 -8.37 2,340 2,190 109,684 157
PAS 12,900 0.62 -3.59 -3.15 13,400 12,720 23,692 1,106
ABC 10,180 0.00 -0.59 -5.91 10,240 10,180 1,200,980 4,410
PEPC 2,940 0.00 -3.61 -6.67 3,050 2,900 3,711 220
DBDE 2,200 0.00 -5.17 -7.95 2,320 2,190 97,002 41
JSL 3,830 0.79 -7.04 -22.78 4,180 3,800 10,244 98
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 17.44 0.43 0.27 61.83
PPAP 3Q22 2,897 18,416 4.94 0.78 2.00 5.46
PPSP 3Q22 328 3,576 6.67 0.61 0.91 15.67
PAS 3Q22 1,568 5,986 8.22 2.15 3.12 14.08
ABC 3Q22 1,702 12,067 5.98 0.84 1.51 NA
PEPC** 2Q22 33 1,468 89.21 2.00 1.02 25.13
DBDE 3Q22 -123 1,426 NA 1.54 0.66 2.41
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

GTI and PAS lead gains, PPAP and PPSP fall The CSX index rose 0.35% to 455.6 points on June 29, 2023. The gains for GTI and PAS were 0.65% and 0.62%, respectively. On the other side, PPAP and PPSP decreased by 0.28% and 0.45%, respectively. PWSA, ABC, and PEPC, the remaining board stocks, stayed unchanged. JSL increased by 0.79% on the growth board, while DBDE showed no change. 139,864 shares in total were traded for KHR 602 million, a 78.1% decrease from the volume on the previous closing day. (Source: YSC Research)

Economy and Industry

The service industry is expected to overtake agriculture as Cambodia's largest sector by GDP In place of industry and agriculture, according to the gross domestic product (GDP) composition, the service sector is predicted to overtake them as Cambodia's largest sector, according to Prime Minister Hun Sen. The Prime Minister stated on 27 June 2023 at a gathering of garment workers in Phnom Penh that "with the arrival of foreign tourists, the service sector will expectedly increase and share the largest composition of Cambodia's GDP." With 38% of the GDP of the nation's GDP last year, the industry sector had the biggest proportion, followed by the service sector and the agricultural sector with 35% and 21%, respectively. (Source: Khmer Times)

Thailand imports from Cambodia increased 10% to $480 million In the first five months of this year, Cambodia exported goods worth $480 million to Thailand, a 10% increase over the same period last year, according to a data from the General Department of Customs and Excise. In the first five months of 2023, Thailand's exports to Cambodia fell by 14% to $1,400 million. While Thai imports into Cambodia fell, it can see that exports from Cambodia to Thailand rose significantly in the first five months of 2023. This suggests that Cambodia's economy is continuing to grow significantly, particularly in the industrial and agricultural sectors, which are crucial for the country's economic expansion. (Source: Khmer Times)

A sub-decree on investment law expands the economic opportunity The recently signed sub-decree enacting Cambodia's new investment law enhances Cambodia's appeal to investors and clears the way for its aspirations to join the "high-income" group by 2050 and become a "upper-middle income" economy by 2030. A number of the new law's aspects, such as those relating to incentives, streamlined registration procedures, technology use, and human resource capability, will help to entice more investors to Cambodia. Between August 5, 1994 and December 31, 2021, Cambodia received $41 billion in foreign direct investment (FDI), according to a report by the CDC and NBC. (Source: The Phnom Penh Post)

Corporate News

Leading educational provider listed on the Cambodian stock exchange After raising $5 million through an initial public offering (IPO), private school operator Mengly J Quach Education Plc made its debut on the Cambodia Securities Exchange (CSX) on 28 June 2023. One of the top private school operators in Southeast Asia, Mengly J Quach Education Plc, became the 11th equity-listed company to launch its IPO on the local stock exchange. The company's paperwork submitted to CSX shows that it issued 9,966,127 shares at a price of 2,080 riels ($0.5) per share. $5 million was the whole amount of the IPO profits. The firm's IPO shares had been bought by 2,297 investors. (Source: Khmer Times)

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