Cambodia attracts $7.5 billion investments in new government's first year mandate

Economy and Industry

Cambodia attracts $7.5 billion investments in new government's first year mandate Cambodia attracted 391 fixed-asset investments worth $7.5 billion in the first year of the 7th Mandate of the new government, with China being the largest source of investment, according to the Council for the Development of Cambodia (CDC). The number of projects increased by 168 and the invested capital rose by 161% compared to the previous year. China contributed 60% of the capital, followed by domestic investors at 32%, with the remainder from Singapore, Malaysia, Vietnam, Thailand, and the US. The projects are expected to generate over 340,000 jobs, with 130 located inside special economic zones. The surge in investment is attributed to new projects in infrastructure, industry, and tourism, alongside new special economic zones. Deputy Prime Minister Sun Chanthol credited the growth to Cambodia's peace and stability, enhancing investor confidence. Lim Heng, Vice President of the Cambodia Chamber of Commerce, highlighted trade agreements, the RCEP, and trade preference schemes from developed countries as key factors making Cambodia a preferred investment destination. (Source: Khmer Times)

SERC and CGCC sign pact to promote issuance of guaranteed bonds The Securities and Exchange Regulator of Cambodia (SERC) and Credit Guarantee Corporation of Cambodia (CGCC) signed an MoU to promote the issuance of guaranteed bonds, including green, social, and sustainability-linked bonds. Signed by SERC Director-General Sou Socheat and CGCC CEO Wong Keet Loong, the agreement aims to support companies and financial institutions in raising capital through guaranteed bonds, enhancing local capital mobilization. The MoU will attract more companies, including SMEs, to seek financing through the securities market with opportunities to obtain guarantees at special rates. As Cambodia's first bond guarantee institution, CGCC will play a crucial role in boosting bond issuance on the Cambodia Securities Exchange (CSX), fostering financial inclusion and SME development. (Source: Khmer Times)

CDC speeds up work on auto, electronics roadmap The Council for the Development of Cambodia (CDC) is finalizing a roadmap for the development of the automotive and electronics sectors, which will soon be submitted to the Policy Committee on Economy and Finance for approval. Chaired by CDC First Vice President Sun Chanthol, the draft roadmap was reviewed with input from relevant ministries, institutions, and industry stakeholders. Chanthol emphasized the roadmap's importance for Cambodia's economic growth, particularly in strengthening priority sectors like automotive and electronics, which are key to the country's economic recovery, modernization, and diversification. Once approved, the roadmap will guide policymakers, investors, and industry stakeholders. The plan aligns with Cambodia's vision to become a hub for auto parts and electronic component production, supported by the recent growth of local automotive assembly plants. (Source: Khmer Times)

Corporate News

BookMe+ announces partnership with Rasmey Hang Meas for upcoming major events BookMe+, Cambodia's leading event ticketing platform, has partnered with Rasmey Hang Meas, a prominent media company, starting with "The Q Solo Concert" featuring superstar Aok Sokunkanha. BookMe+ will manage ticketing for Rasmey Hang Meas's concerts and live shows, introducing seamless Telegram ticketing, offline check-ins, and instant payouts. CEO Chea Langda emphasized the platform's goal to simplify ticketing and connect organizers with audiences. Rasmey Hang Meas's General Manager, Eng Songliep, praised the partnership for enhancing the ticket-buying experience and setting new standards for live entertainment in Cambodia. (Source: Cambodia Investment Review)

Stock Market

CSX index marginally increases as PPAP and PWSA lead gains On August 30, 2024, the CSX Index inched down by 0.29%, closing at 410.0 points. On the main board, PPAP (-1.03%), PPSP (-0.90%), PAS (-0.50%), PEPC (-0.41%), CGSM (-0.41%), PWSA (-0.29%), and GTI (-0.28%) declined. ABC and MJQE showed no change. On the growth board, DBDE and JSL gained 0.48% and 0.29%. The day's trading volume totaled 46,554 shares, with a cumulative trading value of KHR 291 million. (Source: YSC Research)

CSX Index

Stock Performance

Valuation Ratios

Trading Summary

Historical Issuance Summary

Main Board

Growth Board