Cambodia to complete 1,300-kilometre border road network in 10 years
| News Highlights |
Economy and Industry
Cambodia to complete 1,300-kilometre border road network in 10 years Prime Minister Hun Manet announced that Cambodia has completed around 50% of its 2,660-kilometer border road network, with the remaining 1,300 kilometers expected to be finished within the next 10 years at a cost of $200 million. Speaking at a ceremony for law students, he acknowledged the contributions to the Foundation for Border Infrastructure Development, emphasizing its role in fostering citizen involvement and unity. Nearly 400,000 citizens have participated in the fund so far. Additionally, Manet instructed the Ministry of Information to organize free tours for citizens to visit border markers in the Cambodia-Laos-Vietnam Development Triangle Area, aiming to enhance national unity and awareness of the region's geography and development. (Source: Phnom Penh Post)
Cambodia launches $27 million EU funded project to boost agricultural sector A new partnership between Cambodia, the EU, and Germany aims to boost the sustainability, competitiveness, and inclusiveness of Cambodia's cashew nut and pepper industries under the $27 million Cambodia Partnership for Sustainable Agriculture and Food Systems (EU CAPSAFE) initiative. Launched on September 5, the five-year project will focus on enhancing local value addition, strengthening national food safety systems, and promoting climate-resilient agriculture, with a specific focus on Kampong Thom, Kratie, Tbong Khmum, and Kampot provinces. The initiative, aligned with the Team Europe Initiative, seeks to improve productivity through green technologies, agro-ecology, and responsible investment, ultimately contributing to Cambodia's green growth and carbon neutrality goals while enhancing export competitiveness. (Source: Phnom Penh Post)
Siem Reap to boost tourism with exciting events in September Siem Reap is set to attract national and international visitors this month with three major events: the Gumball 3000 Rally on September 16-17, the Equinox Phenomenon at Angkor Wat from September 21-23, and World Tourism Day on September 27. Ngov Sengkak, Deputy Governor of Siem Reap, announced these events following a meeting with the private sector, aiming to boost tourism and encourage operators to offer special discounts. Additionally, Siem Reap has unveiled a tourism development plan for 2025-2028 to enhance key destinations like Phnom Kulen National Park and Tonle Sap Lake. (Source: Khmer Times)
Corporate News
Canadia Bank wins back-to-back "Cambodia Technology Excellence Award in Digital Banking" at the Asian Technology Excellence Awards 2024 Canadia Bank, a leading commercial bank in Cambodia, has won the "Cambodia Technology Excellence Award in Digital Banking" at the Asian Technology Excellence Awards 2024 for the second time, recognizing its innovative digital transformation efforts. The bank's strategy focuses on enhancing customer experience through advanced technology, including expanded digital payment services, new app features like cross-border payments and virtual cards, a revamped Corporate Internet Banking platform, and the creation of an Innovation Hub to promote financial literacy. Notably, Canadia Bank introduced the "Centre of Excellence Portal," a secure mobile tool designed to streamline customer onboarding. This award highlights Canadia Bank's commitment to meeting market trends and evolving customer needs by investing in cutting-edge technology and continuously enhancing its digital services. (Source: Cambodia Investment Review)
Stock Market
CSX index up 0.17% as gains lead by PPAP, CGSM, and PEPC On September 6, 2024, the CSX index rose by 0.17%, closing at 412.3 points. Leading the gains on the main board were PPAP (+0.44%), CGSM (+0.41%), and PEPC (+0.40%), while PPSP (-0.89%) and PWSA (-0.29%) saw declines. GTI, PAS, ABC, and MJQE remained unchanged. On the growth board, both DBDE and JSL held steady. The total trading volume for the day reached 38,046 shares, with a cumulative trading value of KHR 239 million. (Source: YSC Research)
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 412.33 | 0.17 | 38,046 | 11,059 |
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 | 6,780 | -0.29 | -1.17 | -6.87 | 7,000 | 6,780 | 98,877 | 590 |
| GTI | 3,830 | 0.00 | 6.39 | 34.86 | 3,830 | 3,550 | 110,461 | 153 |
| PPAP | 13,600 | 0.44 | 0.00 | -2.86 | 14,700 | 13,360 | 1,065 | 281 |
| PPSP | 2,220 | -0.89 | -0.45 | 1.83 | 2,310 | 2,210 | 7,316 | 160 |
| PAS | 11,860 | 0.00 | -0.34 | -5.72 | 12,020 | 11,800 | 8,626 | 1,017 |
| ABC | 7,500 | 0.00 | 0.27 | -25.45 | 7,500 | 7,440 | 235,986 | 3,249 |
| PEPC | 2,500 | 0.40 | 2.04 | -8.76 | 2,500 | 2,400 | 13,461 | 187 |
| MJQE | 2,040 | 0.00 | 0.00 | -4.23 | 2,050 | 2,030 | 37,021 | 661 |
| CGSM | 2,430 | 0.41 | 0.41 | -7.60 | 2,430 | 2,400 | 15,708 | 4,761 |
| DBDE | 2,070 | 0.00 | 0.00 | -3.27 | 2,090 | 2,070 | 16,310 | 38 |
| JSL | 3,470 | 0.00 | 1.17 | -21.14 | 3,500 | 3,380 | 10,722 | 89 |
| 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 | 1Q24 | 1,298 | 16,580 | 5.22 | 0.41 | 1.54 | 9.86 |
| GTI | 1Q24 | 106 | 7,068 | 36.01 | 0.54 | 0.46 | 14.11 |
| PPAP | 1Q24 | 1,952 | 38,178 | 6.97 | 0.36 | 2.01 | 4.89 |
| PPSP | 1Q24 | 445 | 3,501 | 4.99 | 0.63 | 1.16 | 5.46 |
| PAS | 1Q24 | 1,803 | 11,721 | 6.58 | 1.01 | 2.95 | 5.63 |
| ABC | 1Q24 | 1,518 | 13,222 | 4.94 | 0.57 | 0.96 | NA |
| PEPC* | 4Q23 | -477 | 842 | NA | 2.97 | 4.39 | 66.12 |
| MJQE | 4Q23 | 59 | 297 | 34.65 | 6.88 | 4.42 | 13.68 |
| CGSM | 4Q23 | 166 | 563 | 14.63 | 4.31 | 6.37 | 15.35 |
| JSL | 4Q23 | 274 | 593 | 12.65 | 5.85 | 1.29 | NA |
| DBDE | 1Q24 | 250 | 1,930 | 8.29 | 1.07 | 0.49 | 5.60 |
| NOTE: ttm= trailing-twelve months; mrq = most recent quarter; *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* | 3,357 |
| CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% | 1,561 |
| GT27A | 0 | 0.0 | - - | N/A | Plain , Green | 7.00% | 1,186 |
| PPSP29A | 0 | 0.0 | - - | KhAAA | Guaranteed Green | Term SOFR + 1.5% | 1,748 |
| RMAC25A | 0 | 0.0 | - - | N/A | Guaranteed | 5.50% | 215 |
| RRC32A | 0 | 0.0 | - - | N/A | Plain | 7.00% | 2,956 |
| RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating** | 1,203 |
| RRGT32B | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating*** | 3,030 |
| TCT26A | 0 | 0.0 | - - | N/A | Plain | 4.50% | 718 |
| TCT28A | 0 | 0.0 | - - | KhAAA | FX-Linked | Floating**** | 1,575 |
| *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 | 5 Y | 10 Y | |
| Total issuance ('K units) | 180.1 | 312.0 | 65.3 | 10.0 | - |
| Outstanding (KHR'bn) | 52.0 | 312.0 | 65.3 | 10.0 | - |
| Issuance ('K units, Latest) | 10.0 | 20.0 | 43.3 | 10.0 | - |
| Coupon rate (Latest) | 3.50% | 4.00% | 4.50% | 5.00% | - |
| Successful yield (Latest) | 3.85% | 4.00% | 4.63% | 5.00% | - |
| Latest bidding | 24-Apr-24 | 29-May-24 | 26-Jun-24 | 45,497 | - |
| *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. | |||||
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