In 4Q 2023, insurance premiums reach $77 million

CSX Index

Stock Performance

Valuation Ratios

Trading Summary

Historical Issuance Summary

Stock Market

CSX index down 0.04% on February 6, 2024 On February 6, 2024, the CSX index concluded at 467.0 points, reflecting a slight 0.04% decrease compared to the previous day. Notable declines were observed on the main board, with PEPC (-1.72%) and PWSA (-0.27%) experiencing decreases. However, GTI, PPAP, PPSP, PAS, ABC, MJQE, and CGSM maintained their opening prices. On the growth board, DBDE saw a rise of 0.47%, while JSL recorded a decrease of 3.30%. The day's trading activity involved 61,670 shares, with a cumulative trading value reaching KHR 333 million. (Source: YSC Research)

Economy and Industry

In 4Q 2023, insurance premiums reach $77 million Cambodia's insurance industry recorded a premium of $77.8 million in Q4 2023, a 0.07% decrease from Q4 2022, according to the Insurance Regulator of Cambodia (IRC). The gross premium from general insurance was $29.5 million, a 1.14% increase from Q4 2022. Life insurance premiums were $46.6 million, down 1.28% YoY, and micro-insurance premiums reached $1.5 million, up 15.4% YoY. The total gross claims paid out by insurers was $17 million, up 33.5% from $12.8 million a year earlier. The insurance sector had $1.08 billion in total assets as of Q4 2023, an 11% increase from Q4 2022. The IRC is aiming to achieve an insurance contribution rate of 5.5% and premium rate of $135 per capita by 2030, requiring strengthening human resources capacity through public awareness campaigns. (Source: Khmer Times)

In the last five years, auto sales have increased by 11.3% Cambodia's vehicle use has grown by 11.3% in the last five years, particularly with new types of vehicles like ICT and EVs. The Ministry of Public Works and Transport (MPWT) announced this growth during the inauguration and test drive of GTV Motor Co Ltd. The company has made significant achievements by naming its car model in Khmer and creating more jobs in the labor market for local people. The establishment of a manufacturing plant has transformed the country from an importer and utility vehicle to an automotive industry, aligning with the roadmap for the development of the automotive and electronic sector issued by the Royal Government of Cambodia (RGC). The automotive sector is considered a priority sector for Cambodia's development, with rapid growth in the last five years, primarily from ICT and EV vehicles. Dr Khun Chantha, President and CEO of GTV Motor, emphasized that the company will promote the use of national products, boost the national economy, and innovate the automotive industry, proving its ability to establish the first national car brand. (Source: Khmer Times)

NBC and MoEYS to encourage financial education in classrooms The National Bank of Cambodia (NBC) and the Ministry of Education, Youth and Sports (MoEYS) have partnered to embed financial literacy in the school curriculum, aiming to increase students' awareness of financial issues. The project, which will last for three years from 2024-2026, will be implemented in grades 5 to 12 and will include teacher training. The partnership aims to build a spirit of responsibility, critical thinking, and problem-solving skills, which are essential for individuals' success. Financial literacy is a combination of awareness, knowledge, skills, attitude, and behavior necessary for sound financial decisions and individual financial well-being. The partnership began in 2017 and has been ongoing since then. NBC has initiated additional actions and campaigns to promote financial literacy and customer protection and has cooperated with national and international institutions to improve financial inclusion. (Source: Khmer Times)

Corporate News

Lao Airlines plans to restart direct capital flights in March Lao Airlines is set to resume direct flights to Phnom Penh from March 19, as part of a strategic initiative in regional tourism. The move aligns with the launch of the Cambodia-Laos-Vietnam (CLV) trilateral tourism cooperation, "Three Countries, One Destination". The airline will offer three weekly flights on Tuesdays, Thursdays, and Saturdays, using either the Airbus A320 or the ATR 72, a twin-engine turboprop. The airline previously operated direct flights on the Vientiane-Phnom Penh-Vientiane route from the 1980s until the mid-2000s. The SSCA granted the airline a flight permit for the new route on February 5. The resumption of airline services is a positive indication for the tourism industry, which is gradually recovering from the Covid-19 crisis. In 2023, Laos was the country's fourth-largest source of foreign tourists, with the number of Lao travellers visiting Cambodia exceeding 370,000. Lao Airlines is hopeful that both Cambodian and foreign tourists will favor the direct flight. (Source: Khmer Times)

Main Board

Growth Board