Japan provides $154M for Cambodia's hospital development
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 460.35 | 0.05 | 21,580 | 12,347 |
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 | 7,260 | 0.28 | -0.27 | -0.27 | 7,300 | 7,180 | 13,641 | 631 |
| GTI | 2,780 | 0.00 | -0.71 | -2.11 | 2,800 | 2,770 | 3,338 | 111 |
| PPAP | 13,540 | -0.44 | -2.59 | -3.29 | 14,020 | 13,540 | 7,424 | 280 |
| PPSP | 2,090 | 0.00 | -2.79 | -4.13 | 2,170 | 2,070 | 91,470 | 150 |
| PAS | 12,520 | 0.00 | -0.32 | -0.48 | 12,580 | 12,500 | 13,108 | 1,074 |
| ABC | 9,600 | -0.21 | -2.24 | -4.57 | 9,960 | 9,600 | 222,313 | 4,158 |
| PEPC | 2,580 | -3.01 | -7.53 | -5.84 | 2,860 | 2,520 | 2,650 | 193 |
| MJQE | 2,080 | 0.00 | -0.48 | -2.35 | 2,120 | 2,080 | 83,253 | 674 |
| CGSM | 2,590 | 0.39 | 1.17 | -1.52 | 2,600 | 2,540 | 108,559 | 5,075 |
| DBDE | 2,090 | -1.88 | -2.79 | -2.34 | 2,180 | 2,090 | 12,072 | 39 |
| JSL | 3,960 | -1.00 | -0.50 | -10.00 | 4,220 | 3,930 | 1,442 | 102 |
| 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 | 6.21 | 0.48 | 1.72 | 8.83 |
| GTI | 2Q23 | 95 | 7,181 | 29.13 | 0.39 | 0.30 | 11.46 |
| PPAP* | 2Q23 | 2,412 | 38,041 | 5.61 | 0.36 | 2.00 | 4.86 |
| PPSP | 2Q23 | 489 | 3,576 | 4.28 | 0.58 | 0.66 | 3.76 |
| PAS* | 2Q23 | 1,191 | 11,029 | 10.51 | 1.14 | 3.24 | 8.20 |
| ABC | 2Q23 | 1,608 | 12,485 | 5.97 | 0.77 | 1.28 | NA |
| PEPC** | 2Q23 | -312 | 1,220 | NA | 2.12 | 2.43 | 32.83 |
| MJQE | 2Q23 | 29 | 289 | 72.19 | 7.19 | 5.49 | 17.28 |
| CGSM | 2Q23 | 98 | 392 | 26.54 | 6.60 | 6.51 | 15.53 |
| JSL | 2Q23 | -239 | 185 | NA | 21.35 | NA | NA |
| DBDE | 2Q23 | 76 | 1,919 | 27.62 | 1.09 | 0.51 | 11.43 |
| 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* | 3,532 |
| CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% | 1,736 |
| GT27A | 0 | 0.0 | - - | N/A | Plain , Green | 7.00% | 1,361 |
| RMAC25A | 0 | 0.0 | - - | N/A | Guaranteed | 5.50% | 390 |
| RRC32A | 0 | 0.0 | - - | N/A | Plain | 7.00% | 3,131 |
| RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating** | 1,378 |
| RRGT32B | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating*** | 3,205 |
| TCT26A | 0 | 0.0 | - - | N/A | Plain | 4.50% | 893 |
| TCT28A | 0 | 0.0 | - - | KhAAA | FX-Linked | Floating**** | 1,750 |
| *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
Marginal increase on the index with mixed main board performance on March 15 On March 15, 2024, the CSX index closed at 460.4 points, reflecting a marginal increase of 0.05% from the previous day's close. Notable fluctuations were observed across the main board, with CGSM (+0.39%) and PWSA (+0.28%) posting gains. However, PEPC (-3.01%), PPAP (-0.44%), and ABC (-0.21%) experienced declines. GTI, PPSP, PAS, and MJQE maintained their opening prices. On the growth board, DBDE and JSL declined by 1.88% and 1.00%, respectively. Trading activity for the day totaled 21,580 shares exchanged, with a cumulative trading value of KHR 162 million. (Source: YSC Research)
Economy and Industry
Japan provides $154M for Cambodia's hospital development Japan has allocated $154 million to support Cambodia's Regional Hospital Development project, a significant step in bolstering the Kingdom's socio-economic growth. The concessional loan agreements, overseen by Cambodian Minister of Foreign Affairs Sok Chenda Sophea and Japanese Vice-Minister of Foreign Affairs Komura Masahiro, reflect Japan's enduring commitment to Cambodia's development. The initiative, signed as part of the Comprehensive Strategic Partnership established in 2023, signifies a deepening bond between the two nations. Kin Phea of the Royal Academy of Cambodia's International Relations Institute emphasized the pivotal role of Japanese assistance in addressing Cambodia's healthcare needs and fostering socio-economic progress. Prime Minister Hun Manet underscored the importance of human capital development, highlighting health as a key priority in Cambodia's Pentagonal Strategy for sustainable economic growth. (Source: Phnom Penh Post)
Indian delegation explores trade opportunities in Cambodia's chemical sector Basis Chemicals, Cosmetics & Dye Exports Promotion Council, other wise known as Chemixcil, led a delegation comprising over 20 companies from India for a business meeting with Cambodia industry leaders and relevant government officials. The event was sponsored by the Embassy of India, Phnom Penh, and the Indian Business Chamber in Cambodia (IBCC). Siddhartha, Regional Director of Chemexcil, stressed the importance of the chemical sector in India. He mentioned that India's chemical industry - estimated to be worth $220 billion in 2022 and anticipated to grow to $300 billion and $1 trillion by 2025 and 2040, respectively - is a pillar of India's industrial and agricultural development. India is the 6th largest producer of chemicals in the world and the 3rd in Asia, contributing to 7% of the country's GDP. On the other hand, Cambodian officials highlighted the nation's investment-friendly environment and anticipated economic growth, particularly in the industrial sector. The event concluded with a commitment to fostering India-Cambodia trade and investment through partnership and cooperation. (Source: Khmer Times)
173 investment projects were approved by the CDC in the past 6 months In a meeting of the Council of Ministers at the Peace Palace, Prime Minister H.E. Hun Manet stated that under the new royal government, 173 investment projects have registered with the Council for the Development of Cambodia (CDC) with a total investment of $4.15 billion dollars in the past 6 months. The new projects are estimated to create more than 170,000 jobs for the local population. The current government is actively working to improve the investment climate while also stimulating socio-economic activities and employment opportunities. In addition, PM Hun Manet noted that most foreign investors acknowledge the past growth and growth potential of the country and were highly interested in investing in the country. (Source: Khmer Times)
Corporate News
Wing Bank launches new savings feature on its mobile appliccation Wing Bank has launched its latest fintech offering to help Cambodians develop a saving habit while earning high interest on their savings. The "Save for Goal" account enables Wing Bank customers to achieve their short, medium or long-term financial goals such as saving for a dream wedding, summer vacation, buy a dream house, or even start a business. The new account offers attractive interest ranges, ranging from 1 month to 60 months, and allows customers to earn interest rate as high as 8.75% per annum. Furthermore, it offers both term deposit but with added flexibility to allow customers to schedule deposits daily, weekly, biweekly or monthly to suit their financial preference. Customers must have the Wing Mobile App downloaded on their phone and requires a minimum initial deposit of only $5. Customers can also choose to save as part of a group in a single pooled account where up to 10 members can join. (Source: Khmer Times)
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