The first-quarter inflation rate was 1.9%

/ June 30, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
460.85 1.15 425,899 6,968

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 76,216 652
GTI 3,090 -0.32 -7.49 -18.68 3,230 3,080 15,889 124
PPAP 14,320 0.00 2.14 2.29 14,420 14,020 5,374 296
PPSP 2,190 0.00 -6.01 -8.37 2,340 2,190 110,945 157
PAS 12,960 0.47 -3.14 -2.70 13,400 12,720 27,744 1,112
ABC 10,180 0.00 -0.59 -5.91 10,240 10,180 1,246,426 4,410
PEPC 2,900 -1.36 -4.92 -7.94 3,040 2,900 4,146 217
DBDE 2,200 0.00 -5.17 -7.95 2,320 2,190 97,747 41
JSL 3,830 0.00 -7.04 -22.78 4,180 3,800 10,400 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 6.04 0.76 1.88 8.30
GTI 3Q22 178 7,138 17.38 0.43 0.27 61.67
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 8.26 2.16 3.14 14.13
ABC 3Q22 1,702 12,067 5.98 0.84 1.51 NA
PEPC** 2Q22 33 1,468 87.99 1.98 1.00 24.97
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

The CSX index close June at 460.9 points The CSX index rose 1.15% to 460.9 points on June 30, 2023. The gains for PWSA and PAS were 0.27% and 0.47%, respectively. On the other side, GTI and PEPC decreased by 0.32% and 1.36%, respectively. PPAP, PPSP and ABC stayed unchanged. On the growth board, both DBDE and JSL showed no change. 435,899 shares in total were traded for KHR 1,396 million, two times increase from the volume on the previous closing day. (Source: YSC Research)

Economy and Industry

The first-quarter inflation rate was 1.9%  As the protracted Ukraine crisis and international geopolitical tensions continued to stifle global consumer demand and impede trade growth, Cambodia saw an average annual inflation rate of 1.9% in the first quarter of 2023, down from 5.9% a year earlier and 3.2% in the fourth quarter. The bulletin reported that the average exchange rate for the January-March period was 4,083.99 riel per US dollar, up 0.51% YoY from 4,063.26 riel but down 1.08% QoQ from 4,128.72 riel. The lower domestic inflation rate was attributed to downward trends in the prices of food, oil, and gas. (Source: The Phnom Penh Post)

Singapore's exports soar, and its trade deficit becomes a surplus Provisional Customs (GDCE) data compiled in "International Merchandise Trade Statistics" bulletins show that Cambodian goods exports to Singapore reached $343.413 million in the first five months of 2023, up 508.3% year over year (YoY) from $56.451 million and up 1,313% half-on-half (HoH) from $24.31 million, tipping the trade balance for the January-May period in Cambodia's favor. In contrast to trade deficits of $1.610 billion from January to May 2022 and $1.128 million from July to November 2022, Cambodia had a surplus of $27.847 million with Singapore during the five-month period. (Source: The Phnom Penh Post)

The CSX platform will host government bonds in "1-2 months" The government securities auction platform (GSAP), developed by the Cambodia Securities Exchange (CSX) and the second of its kind after the central bank's "National Bank of Cambodia Auction Platform" (NBCP), will be used by the finance ministry to issue sovereign bonds "within the next one or two months." The finance ministry announced intentions to sell an 813 billion riel ($200 million) in multiple tranches sovereign bond this year in mid-January. According to a statement from the ministry, the NBC and CSX have been chosen as the debt security's issuing companies. The debt security will have a par value of one million riel and semi-annual coupon payments. (Source: The Phnom Penh Post)

Corporate News

Lower Q1 earnings are reported by the company behind the first "green bond" Golden Tree Co Ltd (GT), the real estate company behind the first "green bond" listed on the Cambodia Securities Exchange (CSX), reported total revenues of 3.024 billion riel ($740,364) for the first quarter (Q1) of its 2023 fiscal year, which ended on March 31, down 1.99% YoY as the real estate and construction sectors were severely impacted by the global economic downturn. In its Q1 financial report submitted to CSX, GT reported net losses before and after tax for the January-March quarter of 1.016 billion riels and 1.045 billion riels, respectively. This compares to pre- and post-tax profits for the same period last year of 440.781 million riels and 411.058 million riels. (Source: The Phnom Penh Post)

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