The PM says Preah Sihanouk will serve as the nation's center for logistics

CSX Index

Stock Performance

Valuation Ratios

Trading Summary

Historical Issuance Summary

Stock Market

CSX index edges higher, GTI, MJQE, CGSM, PEPC, and PPAP among top gainers On November 8, 2023, the CSX index closed at 442.3 points, up 0.15% from the previous day. The top gainers on the main board were GTI (+0.35%), MJQE (+0.48%), CGSM (+0.43%), PEPC (+1.75%), and PPAP (+1.46%). PAS (-0.81%), PWSA (-0.55%), and PPSP (-0.46%) were the largest losers. ABC's closing prices were the same as they were the previous day. On the growth board, DBDE and JSL saw increases of 0.95% and 1.69%, respectively. 52,454 shares worth KHR 265 million were traded. (Source: YSC Research)

Economy and Industry

The PM says Preah Sihanouk will serve as the nation's center for logistics Cambodia's Prime Minister Hun Manet has launched a master plan to develop the coastal Preah Sihanouk province as the country's logistics hub. The Ministry of Public Works and Transport (MPWT) is tasked with developing railway and deep seaport infrastructure to facilitate efficient goods movement. The development of port and railway infrastructure will play a crucial role in Cambodia's rapid socio-economic expansion. The first phase of the deep-sea port expansion will increase the flow of goods through Cambodia and transport goods from Cambodia, making cross-border shipments more profitable. If successful, it will facilitate the movement of about 93% of cargo containers, reducing shipping costs from $400 to $200 per container. The first phase of the Sihanoukville Autonomous Port Terminal, built with a loan of over $200 million from Japan, is being built. The Cambodian government will continue to build infrastructure to reduce transportation costs and boost the economy. The railway system is under the management of the Royal Railway, a subsidiary of the Royal Group. (Source: Khmer Times)

Cambodia's private sector debt is comparatively lower in the region A study by Yuanta Securities has found that Cambodia's private sector debt levels are relatively lower compared to other countries, especially developed ones in the region. The study reveals that the private sector's debt level relative to GDP tends to be overestimated due to the country's larger informal economy and smaller government final consumption expenditure. The National Bank of Cambodia's 2022 annual report showed that private sector loans reached $56.1 billion last year, up by 20.2% compared to 2021. The study also highlighted the need for a long-term-oriented approach, shifting focus towards qualitative rather than quantitative growth. The study suggests that some banks are struggling to handle increasing non-performing loans caused by private sector loans, while others remain stable. (Source: Khmer Times)

Export revenue from footwear declines Cambodia's footwear export revenue fell 25.1% in the first nine months of 2023, reaching nearly $1 billion, a 25.1% decrease from the previous year. The decline is attributed to external global economic pressures rather than domestic factors. Exports of footwear and related products, classified under HS Code 64, were worth $991.77 million, representing 5.9% of the country's total export value. In September, the export value for these products was $101.17 million, a 28.7% drop from $141.81 million in September 2022. Ly Khun Thai, president of the Cambodian Footwear Association, attributed the decline to sluggish global economic growth, the Russia-Ukraine conflict, and overstocking of large orders. However, he expects a gradual uptick in exports towards the end of 2023 and into 2024, expressing optimism for a recovery in orders. Cambodian-made footwear exports are vital to international trade and have been instrumental in job creation and generating substantial annual revenue. (Source: The Phnom Penh Post)

Corporate News

HAN-SAI flights are introduced by Vietjet Vietnam's budget airline Vietjet Air is set to launch flights between Hanoi and Siem Reap province on December 15, aiming to accommodate the surge in foreign tourists to Cambodia, home to UNESCO World Heritage site Angkor Wat. The airline will also introduce flights to Indonesia and China to take advantage of the peak travel season at year's end. The new route will feature seven weekly flights, directly linking Hanoi's Noi Bai International Airport (HAN) with Siem Reap-Angkor International Airport (SAI), which offers access to one of Asia's major tourist destinations. The development aligns with Vietnam's increasing tourist numbers, having hosted close to 10 million international guests in the first 10 months of the year, with an expectation to reach 13 million by year's end. (Source: The Phnom Penh Post)

Main Board

Growth Board