$140 million is lent by ADB for labor development

/ September 27, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
456.83 -0.03 77,443 12,253

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 7,300 0.00 -1.88 -3.44 7,460 7,300 75,990 635
GTI 2,970 0.68 -2.62 -21.84 3,090 2,950 56,959 119
PPAP 14,000 0.57 -0.85 0.00 14,180 13,920 3,991 290
PPSP 2,180 -0.46 -1.36 -8.79 2,210 2,180 42,438 157
PAS 12,200 -0.33 -1.61 -8.41 12,400 12,200 18,598 1,046
ABC 10,000 0.00 -0.20 -7.58 10,020 10,000 789,942 4,332
PEPC 2,370 -1.25 -7.78 -24.76 2,570 2,300 9,008 178
MJQE 2,090 0.00 -3.24 NA 2,160 2,090 153,270 677
CGSM 2,460 0.00 -6.82 NA 2,640 2,400 392,422 4,820
DBDE 2,160 0.00 -0.46 -9.62 2,190 2,140 29,122 40
JSL 2,730 -1.09 -14.42 -44.96 3,260 2,730 18,403 70
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* 2Q23 1,170 15,172 6.24 0.48 1.73 8.85
GTI 2Q23 95 7,181 31.12 0.41 0.32 12.00
PPAP* 2Q23 2,412 38,041 5.80 0.37 2.07 4.99
PPSP 2Q23 489 3,576 4.46 0.61 0.68 3.88
PAS* 2Q23 1,191 11,029 10.24 1.11 3.15 8.04
ABC 2Q23 1,608 12,485 6.22 0.80 1.33 NA
PEPC** 2Q23 -312 1,220 NA 1.94 2.23 31.86
MJQE 2Q23 29 289 72.54 7.22 5.51 17.36
CGSM 2Q23 98 392 25.21 6.27 6.18 14.83
JSL 2Q23 -239 185 NA 14.72 NA NA
DBDE 2Q23 76 1,919 28.54 1.13 0.53 11.75
NOTE: ttm= trailing-twelve months; mrq = most recent quarter; *Excluding equity of non-common shares for PPWSA, PPAP and PAS; **FY ending in June

Corporate Bonds

Trading Summary

Bond Symbol Trading Vol (Units) Trading Val (KHR'mn) Latest Yield Credit Rating Bond Feature Coupon Rate (%) Days to Maturity
GT27A 0 0.0 - - N/A Plain , Green 7.00% 1,531
RMAC25A 0 0.0 - - N/A Guaranteed 5.50% 560
RRC32A 0 0.0 - - N/A Guaranteed 7.00% 3,301
RRGO27A 0 0.0 - - KhAAA Guaranteed Floating* 1,548
RRGT32B 0 0.0 - - KhAAA Guaranteed Floating** 3,375
TCT26A 0 0.0 - - N/A Plain 4.50% 1,063
*SOFR+3,5% or 5% (take which one is higher); **SOFR+3,5% or 5% (take which one is higher) and Year 6 to Year 10: SOFR+3,75% or 5% (take which one is higher)

Government Bonds

Historical Issuance Summary

  1 Y 2 Y 3 Y 10 Y 15 Y
Total issuance ('K units) 128.1 104.0 16.0 - -
Outstanding (KHR'bn) 86.3 104.0 16.0 - -
Issuance ('K units, Latest) 28.0 28.0 8.0 - -
Coupon rate (Latest) 3.48% 4.00% 4.50% - -
Successful yield (Latest) 3.70% 4.28% 5.20% - -
Latest bidding 45,126 45,154 45,189 - -
*Total issuance is the accumulated issuance since September 2022; **Outstanding is aggregate principal value of government that remain outstanding; ***Successful yield: mid yields are shown if multiple price auction method was adopted.

News Highlights

Stock Market

GTI and PPAP lead the way on CSX, Index drops slightly On September 27, 2023, the CSX index dropped 0.03% to 456.8 points. PPSP, PAS, and PEPC all saw decreases of 0.46%, 0.33%, and 1.25%, respectively. GTI and PPAP, on the other hand, saw increases of 0.57% and 0.68% respectively. For PWSA, ABC, MJQE, and CGSM, there were no changes from the previous closing price. On the growth board, JSL fell by 1.09% while DBDE didn't change. To 77,443 shares, or KHR 560 million, the trading volume increased by 27.7% from the previous day's closing volume. (Source: YSC Research)

Economy and Industry

$140 million is lent by ADB for labor development Cambodia has received $140 million in loans from the Asian Development Bank (ADB) to boost labor development and transform the country into a technology-driven, knowledge-based industrial economy. The loans will help the government introduce policy reforms, enhance the skills development ecosystem, promote industry-led inclusive training, and expand financing from the private sector. The ADB is also providing $40 million to Cambodia for the Decentralised Public Service and Financial Management Sector Development Programme, promoting decentralisation reforms. The loans will help strengthen local administrations' capacity to deliver public services, improve coordination, and boost women's participation in local decision-making. The agreement emphasizes the cooperation, support, and trust by ADB on the government as the program responds effectively towards the Pentagonal Strategy. The funding cooperation totals $4.9 billion, with concessional loans totaling $4.4 billion for 137 projects and $568 million as grants for 70 projects. (Source: The Phnom Penh Post)

Projects involving private investment increased by 45% in Q2 Cambodia has seen a 45.1% increase in private investment projects approved in Q2 2023, with capital investment rising by 63.3%. The rise is attributed to higher investment in animal husbandry, food, cassava and banana processing, island development, tourism centres, and special economic zone projects. The Cambodia Chamber of Commerce vice-president Lim Heng said investment project applications have increased since the end of Covid-19 due to favorable factors such as the new investment law, younger workers, and large export markets. New investment projects are not solely focused on textiles but are diversifying, particularly in agriculture and food processing sectors. The country remains a destination for domestic and foreign investment due to its bilateral and regional trade agreements and new investment laws. (Source: The Phnom Penh Post)

Fintech policy workshop on October 4 The Digital Economy and Business Committee is set to hold a workshop on the Cambodia Financial Technology (FinTech) Development Policy 2023-2028 at Hyatt Regency Phnom Penh on October 4. The event, organized by the National Digital Economy and Society Council, aims to promote the development of FinTech in Cambodia. The Cambodia Digital Economy and Society Policy Framework aims to build a vibrant digital economy and society by promoting digital adoption and transformation in all sectors. The Bakong system, the Kingdom's only all-in-one mobile payment and banking app, has seen a sharp increase in transactions, with the Bakong payment system having 70 financial institutions. The rise in digital payments is a driving force for e-commerce development in Cambodia. (Source: Khmer Times)

Corporate News

Dr. Hun Manet urges Pfizer to keep looking for business opportunities in Cambodia Cambodia's Prime Minister, Dr. Hun Manet, has urged Pfizer to continue exploring investment and business opportunities in the country and strengthen partnerships with stakeholders, particularly the Ministry of Health. Manet highlighted the importance of supplying medicines, medical materials, and equipment to health centers and referral hospitals. He also praised Pfizer's initiative on the Accord for a Healthier World, which aims to provide a full range of medicines and vaccines for the least developed countries. Pfizer's Global President of Emerging Markets, Nick Lagunowich, affirmed Pfizer's commitment to Cambodia and its contribution to the country's public health system. (Source: Khmer Times)

Stock Charts

Main Board

 
 
 
 
 
 
 

Growth Board

 
 

© Copyright 2022 Yuanta Securities (Cambodia) Plc. All Right Reserved