In 1H, Cambodia collected $2.79 billion in taxes
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 489.33 | 0.00 | 189,260 | 13,124 |
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 | 0.27 | -1.06 | 7,500 | 7,460 | 33,221 | 651 |
| GTI | 3,080 | -0.65 | -1.60 | -18.95 | 3,180 | 3,070 | 1,555 | 123 |
| PPAP | 14,040 | 0.00 | -1.13 | 0.29 | 14,240 | 14,020 | 830 | 290 |
| PPSP | 2,210 | -1.34 | -3.07 | -7.53 | 2,340 | 2,210 | 20,033 | 159 |
| PAS | 12,800 | -0.16 | -0.62 | -3.90 | 13,240 | 12,800 | 7,920 | 1,098 |
| ABC | 10,060 | 0.00 | -0.59 | -7.02 | 10,120 | 10,060 | 467,307 | 4,358 |
| PEPC | 2,860 | 0.00 | -2.72 | -9.21 | 2,980 | 2,860 | 3,858 | 214 |
| DBDE | 2,140 | -0.93 | -2.28 | -10.46 | 2,200 | 2,140 | 27,240 | 40 |
| JSL | 3,500 | 0.29 | 0.29 | -29.44 | 3,660 | 3,280 | 3,040 | 90 |
| 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 | 17.33 | 0.43 | 0.27 | 61.51 |
| PPAP | 3Q22 | 2,897 | 18,416 | 4.85 | 0.76 | 1.96 | 5.37 |
| PPSP | 3Q22 | 328 | 3,576 | 6.73 | 0.62 | 0.91 | 15.77 |
| PAS | 3Q22 | 1,568 | 5,986 | 8.16 | 2.14 | 3.10 | 13.99 |
| ABC | 3Q22 | 1,702 | 12,067 | 5.91 | 0.83 | 1.50 | NA |
| PEPC** | 2Q22 | 33 | 1,468 | 86.78 | 1.95 | 0.99 | 24.81 |
| DBDE | 3Q22 | -123 | 1,426 | NA | 1.50 | 0.64 | 2.35 |
| 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, PPSP, and PAS lead CSX index decline On August 9, 2023, the CSX index dropped by 0.21% and reached 489.3 points. The declines for GTI, PPSP, and PAS were 0.65%, 1.34%, and 0.16%, respectively. PWSA, PPAP, ABC, and PEPC were the remaining main board stocks that did not move. On the growth board, JSL increased by 0.29% and DBDE declined by 0.93%. The trading volume declined by 0.1% from the previous day's closing volume to 189,260 shares, or KHR 1,627 million. (Source: YSC Research)
Economy and Industry
In 1H, Cambodia collected $2.79 billion in taxes Cambodia collected 11,497.98 billion riels (approximately $2.79 billion) in taxes in the first half of 2023, 49.1% of the target ($5,692 million). The country has two tax collection institutions: the General Department of Taxation (GDT) and the General Department of Customs and Excise (GDCE). GDCE collected 4,607.65 billion riels, representing 41.4% of the target set in 2023, while the GDT collected 6,890.33 billion riels, equal to 56.1% of the target. The GDCE's tax revenue decreased in the first half of 2023 due to a decline in vehicle and machinery import taxes and free trade agreements. The GDT's tax collection has been good, exceeding its target, attributed to tax system reforms. (Source: Khmer Times)
In just seven months, Cambodian agricultural exports total more than $2.6 billion In the first seven months of 2023, agricultural exports totaled $2,629,596,524.56, with rice exports reaching $313,742,420, paddy rice at $504,714,372, and non-rice agricultural products at $1,811,139,732.56. This decrease was -19.20% compared to 2022. However, agricultural exports to overseas markets have slightly declined, with an increase of 3.32% due to India's announcement to close rice exports to maintain food security. Cambodia is considering strategies to benefit the economy by increasing local mill capacity, processing, and exporting directly to international markets. (Source: Khmer Times)
75% of the domestic tourism goals were achieved Tourism Minister Thong Khon announced that Cambodia is likely to achieve its domestic tourism goal of 16 million tourists by 2023, with over 12 million domestic tourists recorded as of July. He predicted that the Kingdom will also welcome five million international guests by the end of the year. The increase in runners reflects the peace and stability of Cambodia, as well as the excellent preparations made by the APSARA National Authority. Khon expects Cambodia to receive 5 million international tourists and 16 million locals this year, with international visitors expected to increase to 7 million by 2026. (Source: The Phnom Penh Post)
Corporate News
ABA Bank has finished the SWIFT Customer Security Program's independent evaluation ABA Bank, Cambodia's largest commercial bank, has completed the Swift Customer Security Programme (CSP) Independent Assessment, demonstrating its commitment to maintaining high security standards. The assessment evaluated ABA Bank's Swift payment infrastructure, ensuring compliance with mandatory requirements. This achievement enhances the bank's ability to minimize cyber risks and protect its Swift-related infrastructure. Chief Operating Officer Zhiger Atchabarov expressed satisfaction with the achievement, stating that ABA prioritizes customer trust and confidence by investing in security infrastructure. (Source: Khmer Times)
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