NBC and BNM sign MoU to enhance digital payment systems and financial innovation
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 462.56 | -0.11 | 35,237 | 12,407 |
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 | 7,280 | 0.00 | 0.00 | 0.00 | 7,300 | 7,240 | 743 | 633 |
| GTI | 2,780 | -0.71 | -0.71 | -2.11 | 2,810 | 2,780 | 115 | 111 |
| PPAP | 13,860 | -0.29 | -0.29 | -1.00 | 14,140 | 13,860 | 70 | 287 |
| PPSP | 2,140 | -0.47 | -0.47 | -1.83 | 2,180 | 2,140 | 5,712 | 154 |
| PAS | 12,500 | -0.48 | -0.48 | -0.64 | 12,600 | 12,500 | 267 | 1,072 |
| ABC | 9,820 | 0.00 | 0.00 | -2.39 | 10,000 | 9,780 | 11,215 | 4,254 |
| PEPC | 2,750 | -1.43 | -1.43 | 0.36 | 2,900 | 2,750 | 91 | 206 |
| MJQE | 2,080 | -0.48 | -0.48 | -2.35 | 2,120 | 2,080 | 11,542 | 674 |
| CGSM | 2,560 | 0.00 | 0.00 | -2.66 | 2,570 | 2,540 | 6,751 | 5,016 |
| DBDE | 2,150 | 0.00 | 0.00 | 0.47 | 2,200 | 2,120 | 1,139 | 40 |
| JSL | 3,990 | 0.25 | 0.25 | -9.32 | 4,240 | 3,930 | 92 | 103 |
| 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 | 6.22 | 0.48 | 1.73 | 8.84 |
| GTI | 2Q23 | 95 | 7,181 | 29.13 | 0.39 | 0.30 | 11.46 |
| PPAP* | 2Q23 | 2,412 | 38,041 | 5.75 | 0.36 | 2.05 | 4.95 |
| PPSP | 2Q23 | 489 | 3,576 | 4.38 | 0.60 | 0.67 | 3.82 |
| PAS* | 2Q23 | 1,191 | 11,029 | 10.49 | 1.13 | 3.23 | 8.19 |
| ABC | 2Q23 | 1,608 | 12,485 | 6.11 | 0.79 | 1.31 | NA |
| PEPC** | 2Q23 | -312 | 1,220 | NA | 2.25 | 2.59 | 33.61 |
| MJQE | 2Q23 | 29 | 289 | 72.19 | 7.19 | 5.49 | 17.28 |
| CGSM | 2Q23 | 98 | 392 | 26.24 | 6.53 | 6.43 | 15.37 |
| JSL | 2Q23 | -239 | 185 | NA | 21.52 | NA | NA |
| DBDE | 2Q23 | 76 | 1,919 | 28.41 | 1.12 | 0.53 | 11.70 |
| 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 |
| CGSM33A | 0 | 0.0 | - - | KhAAA | Sustainability | Floating* | 3,546 |
| CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% | 1,750 |
| GT27A | 0 | 0.0 | - - | N/A | Plain , Green | 7.00% | 1,375 |
| RMAC25A | 0 | 0.0 | - - | N/A | Guaranteed | 5.50% | 404 |
| RRC32A | 0 | 0.0 | - - | N/A | Plain | 7.00% | 3,145 |
| RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating** | 1,392 |
| RRGT32B | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating*** | 3,219 |
| TCT26A | 0 | 0.0 | - - | N/A | Plain | 4.50% | 907 |
| TCT28A | 0 | 0.0 | - - | KhAAA | FX-Linked | Floating**** | 1,764 |
| *SOFR +3% or 5.5% , whichever is higher; **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);****Term SOFR + 2.5% | |||||||
| Government Bonds |
Historical Issuance Summary
| 1 Y | 2 Y | 3 Y | 10 Y | 15 Y | |
| Total issuance ('K units) | 170.1 | 152.0 | 22.0 | - | - |
| Outstanding (KHR'bn) | 74.0 | 152.0 | 22.0 | - | - |
| Issuance ('K units, Latest) | 22.0 | 20.0 | 6.0 | - | - |
| Coupon rate (Latest) | 3.50% | 4.00% | 4.50% | - | - |
| Successful yield (Latest) | 3.85% | 4.73% | 4.75% | - | - |
| Latest bidding | 24-Jan-24 | 21-Feb-24 | 20-Dec-23 | - | - |
| *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
CSX index and main board sees slight decline On March 01, 2024, the CSX index concluded at 462.6 points, marking a marginal 0.11% decrease from the previous day. Notable fluctuations were observed across the main board, with declines seen in PEPC (-1.43%), GTI (-0.71%), MJQE (-0.71%), PAS (-0.48%), PPSP (-0.47%), and PPAP (-0.29%). However, PWSA, ABC, and CGSM maintained their opening prices. On the growth board, DBDE remained unchanged, while JSL rose by 0.25%. Trading activity for the day involved 35,237 shares, with a cumulative trading value reaching KHR 162 million. (Source: YSC Research)
Economy and Industry
NBC and BNM sign MoU to enhance digital payment systems and financial innovation Cambodia's National Bank of Cambodia (NBC) and Malaysia's Bank Negara Malaysia (BNM) have signed a memorandum of understanding (MoU) to strengthen digital innovation and payment systems. The deal is expected to reach over five million merchants from both countries as they accept QR payments. The MoU aims to drive financial innovation and improve cross-border QR code payment systems, thereby boosting trade activities and financial inclusion. The collaboration framework will encourage local currency settlement and support the establishment of a cooperative oversight mechanism for safer cross-border payments. The MoU marks another milestone in the ASEAN Regional Payment Connectivity initiative, aligning with the G20 Roadmap for enhancing cross-border payment efficiency and facilitating cross-border trade and tourism activity. Additionally, the MoU signifies the restart of bilateral meetings with BNM after five years. (Source: Khmer Times)
UAE and Cambodia forges economic partnership The Cambodia-United Arab Emirates Comprehensive Economic Partnership Agreement (CAM-UAE CEPA) and the subsequent Cambodia-UAE Business and Investment Forum, held in Dubai, are generating optimism within the Cambodian private sector. Effective since January 31, the agreement is poised to bolster trade, real estate, and tourism collaboration between the two nations. The Abu Dhabi Chamber of Commerce and Industry hosted the 3rd Cambodia-UAE Business and Investment Forum on February 27 to mark the commencement. Cambodian investor Kim Heang sees significant opportunities for trade, particularly in tourism and agricultural products, emphasizing the high quality and affordability of Cambodian goods. The Vice-President of the Cambodia Chamber of Commerce, Lim Heng, anticipates the trade agreement's positive impact on Cambodia's export market, specifically in oil, gas, and energy sectors. The Cambodian government is exploring the potential of export markets, with a focus on agricultural goods, textiles, and garments, not only to the UAE but across the Middle East. (Source: Phnom Penh Post)
ILO connects Cambodian youth with job opportunities The International Labour Organization (ILO) and the Cambodia Team for Education Program Organization (CTEP) partnered to organize provincial career fairs in Kampong Cham, Battambang, and Banteay Meanchey. The events connected 3,693 attendees, including marginalized groups, with over 1,700 job opportunities. Soksan Chhun, CTEP Director, stressed the importance of adapting to evolving labor market trends. The fairs not only facilitated job seekers and employers' connections but also provided insights into technical education, labor market trends, and decent work concepts. Tun Sophorn, ILO National Coordinator, highlighted the events as vital networking platforms for multilateral cooperation. Supported by the Swiss Agency for Development and Cooperation and the ILO's 'Decent Employment for Youth in Cambodia' program and 'Promoting the Global Development Initiative with a Focus on South-South Cooperation in Employment in ASEAN' project, the fairs aimed to ensure inclusive access to employment opportunities. (Source: Khmer Times)
Corporate News
Cambodia eyes investments from US firms The Royal Government of Cambodia, represented by Deputy Prime Minister Sun Chanthol, has reassured US companies of collaboration through the Qualified Investment Project Registration (QIP Online) platform. During discussions with the US-ASEAN Business Council delegation, led by Ambassador W. Patrick Murphy, Chanthol emphasized Cambodia's pro-business approach. The CDC's QIP Online system aims to simplify investment proposals. Chanthol highlighted the government's commitment to equal opportunities for investors from any country, emphasizing a welcoming environment for US firms. He discussed national strategies, including the Comprehensive Intermodal Transport and Logistics System Master Plan. Chanthol dismissed any preference for specific investors, stating Cambodia seeks investments from all countries, citing recent efforts to attract investors globally. Jones Group International CEO Jim Jones praised Cambodia's development and emphasized the pivotal role of trade and investment in bilateral relationships. (Source: Khmer Times)
| Stock Charts |
Main Board
Growth Board
