CMA to increase MSME loans under new administration
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 482.39 | 0.00 | 47,929 | 12,938 |
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 | 0.54 | 0.27 | -1.06 | 7,500 | 7,440 | 41,638 | 651 |
| GTI | 3,080 | 0.98 | -1.60 | -18.95 | 3,180 | 3,040 | 4,814 | 123 |
| PPAP | 14,000 | 0.00 | -1.41 | 0.00 | 14,380 | 14,000 | 2,750 | 290 |
| PPSP | 2,250 | 0.90 | -1.32 | -5.86 | 2,290 | 2,210 | 60,714 | 162 |
| PAS | 12,540 | 0.32 | -2.64 | -5.86 | 12,900 | 12,500 | 29,702 | 1,076 |
| ABC | 10,040 | 0.00 | -0.79 | -7.21 | 10,120 | 10,000 | 1,118,206 | 4,349 |
| PEPC | 2,680 | 1.13 | -8.84 | -14.92 | 2,950 | 2,650 | 17,542 | 201 |
| DBDE | 2,170 | -0.91 | -0.91 | -9.21 | 2,210 | 2,140 | 62,455 | 40 |
| JSL | 3,330 | -1.77 | -4.58 | -32.86 | 3,520 | 3,330 | 7,458 | 86 |
| 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 | 4.83 | 0.76 | 1.95 | 5.36 |
| PPSP | 3Q22 | 328 | 3,576 | 6.85 | 0.63 | 0.93 | 15.96 |
| PAS | 3Q22 | 1,568 | 5,986 | 8.00 | 2.09 | 3.03 | 13.77 |
| ABC | 3Q22 | 1,702 | 12,067 | 5.90 | 0.83 | 1.49 | NA |
| PEPC** | 2Q22 | 33 | 1,468 | 81.32 | 1.83 | 0.93 | 24.07 |
| DBDE | 3Q22 | -123 | 1,426 | NA | 1.52 | 0.65 | 2.38 |
| 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 the main board stock up On August 24, 2023, the CSX index dropped 0.24% to 482.4 points. PWSA, GTI, PPSP, PAS, and PEPC are all up, by respective amounts of 0.54%, 0.98%, 0.90, 0.32%, and 1.13%. Both PPAP and ABC show no change. On the growth board, DBDE dropped by 0.91% and JSL fell by 1.77%. The trading volume decreased by 51.1% to 47,929 shares, or KHR 315 million, from the day before's closing volume. (Source: YSC Research)
Economy and Industry
CMA to increase MSME loans under new administration The Cambodia Microfinance Association (CMA) is collaborating with the Royal Government of Cambodia to support Micro, Small and Medium Enterprises (MSMEs) in achieving higher economic growth. The association represents over 100 institutions in the microfinance industry, including microfinance institutions, rural credit institutions, financial leasing institutions, and banks. The new leadership aims to strengthen resilience in microfinance, banking, and financial sectors, promoting social and economic development. The new government is expected to provide a more favorable environment for MSMEs and startups, strengthen the financial industry's resilience, and expand financial inclusion nationwide. (Source: Khmer Times)
India imports from Cambodia increase by 43% Cambodia's exports to India reached $140.93 million in the first seven months of 2022, a 42.8% increase compared to the same period last year. This is one of the fastest growths among the top 20 export destinations of the Kingdom. Exports to China, Vietnam, and the US declined by 9.1%, while the US accounted for 1.38% of Cambodia's goods. India accounted for 1% of Cambodia's total exports. Cambodia's imports from India declined by 18.1%, reaching $127.56 million in January-July 2023. Pan Sorasak, former Minister of Commerce, expressed satisfaction with the steady increase in bilateral trade between the two countries, stating that the DFTP Scheme facilitated the rapid rise in exports. (Source: Khmer Times)
Agreement on double taxation with the UAE is "nearly complete." Cambodia and the UAE are expected to sign a Double Taxation Agreement (DTA) soon, as negotiations are 96% complete. The General Department of Taxation (GDT) announced that both parties have agreed on 30 articles from the second round of talks. The agreement is crucial for investors, especially those with large investments, as it encourages them to invest in countries with a DTA. The agreement also expedites the flow of export and import between partner countries, allowing investors to invest directly in partner countries and export goods under special conditions. Cambodia's recent achievements, such as the new investment law, transportation infrastructure system, and the DTA, make it attractive to investors. The country has signed DTAs with 11 countries or regions, and is currently in discussions with Japan, the Philippines, and Laos. (Source: The Phnom Penh Post)
Corporate News
S&P Global confirms the dominant market position of ABA Bank Standard and Poor's (S&P Global) has reaffirmed ABA Bank's 'B+' credit rating, indicating a stable outlook and a strong financial profile. The agency also confirmed the strategic importance of ABA Bank to the National Bank of Canada group, which has steadily increased its stake in the bank since 2014. ABA is the largest bank in Cambodia and its digital platforms and transactional banking enable it to offer innovative products and services, reducing operating costs. The B+ rating is a positive sign for ABA customers, indicating a strong foundation and a stable outlook. ABA is committed to sustainable growth and profitability, and its well-capitalized bank has a low level of non-performing loans. The bank's total capital has increased to $1.7 billion as of August 2023. (Source: Khmer Times)
| Stock Charts |
Main Board
Growth Board
