Growth in new trading accounts recorded by Cambodia Securities Exchange
| News Highlights |
Economy and Industry
Growth in new trading accounts recorded by Cambodia Securities Exchange The Cambodia Securities Exchange (CSX) has seen an increase in new trading accounts, surpassing 57,000, with projections to reach 61,000 by the end of 2024, according to CEO Hong Sok Hour. Speaking at the Cambodia Stock Market Exhibition 2024, Sok Hour noted that approximately 1,000 accounts are being added each month. Despite this growth, daily trading volume remains modest at around $200,000. CSX currently offers stocks and bonds from 23 companies, with total capital raised nearing $400 million. Established in 2012, CSX is a joint venture between the Cambodian government and the Korean Exchange. (Source: Khmer Times)
IBCC strengthens digital economic partnerships between India and Cambodia The Indian Business Chamber in Cambodia (IBCC) hosted an event titled "Navigating the Digital Future" in Phnom Penh, where business leaders, government officials, and technology experts from India and Cambodia gathered to explore opportunities for collaboration in the digital economy. The event presided over by key figures including Indian Ambassador Dr. Devyani Uttam Khobragade and IBCC President Babulal Parihar, underscored efforts to bolster trade, business, and cultural ties between the two nations. Panel discussions highlighted fintech's growing role in financial inclusion and economic transformation. The IBCC aims to establish an enduring platform to facilitate business, trade, and investment partnerships within the rapidly evolving digital landscape of both countries. (Source: Khmer Times)
Cambodia Tourism Board (CTB) accelerates efforts for diversified, sustainable tourism growth in Cambodia Since its formation in July, the Cambodia Tourism Board (CTB) has prioritized international outreach and collaboration to boost Cambodia's tourism sector. Under CEO Ith Vichit, CTB has conducted workshops with industry stakeholders, developed task forces, and promoted Cambodia in events such as the Francophonie Summit and World Travel Mart. The focus extends beyond traditional attractions like Angkor Wat, promoting broader regions to create year-round appeal, notably the "Green Season" for travelers from regions with extreme climates. CTB's initiatives emphasize the "4As" (Attractions, Amenities, Accessibility, and Accommodations) and pursue partnerships with the private sector, airports, and airlines to enhance connectivity. Digital marketing and strategic visibility on global media are key to CTB's efforts, alongside a commitment to sustainable practices and eco-tourism to maintain Cambodia's unique environment and cultural heritage. (Source: Khmer Times)
Corporate News
Japanese tech giants drive 5G network expansion in Cambodia Japanese tech giants NTT Docomo and Nippon Electric Company (NEE) have partnered to boost Cambodia's telecommunications infrastructure, with plans to establish a 4G network at a major commercial complex by March 2025, and pave the way for 5G adoption. Known as Orex Sai, the venture aims to support Cambodia's growing digital economy and aligns with the country's 'Digital Economy and Society Policy Framework 2021-2035.' The project will enhance high-speed internet access, particularly in underserved areas, promoting economic inclusivity, new job opportunities, and growth in digital services, healthcare, agriculture, and other sectors. This infrastructure advancement is set to make Cambodia an appealing market for foreign investment and digital innovation. (Source: Khmer Times)
Stock Market
CSX index edges down 0.04% with mixed stock movements on October 28, 2024 On October 28, 2024, the CSX Index declined by 0.04%, closing at 404.2 points. Gains on the main board were led by MJQE (+0.99%) and CGSM (+0.41%), while ABC (-0.82%), GTI (-0.47%), PEPC (-0.41%), and PAS (-0.18%) posted losses. Both PWSA and PPSP remained unchanged. On the growth board, DBDE fell by 0.49%, while JSL was flat. The day's trading activity amounted to 92,040 shares, with a total value of KHR 612 million. (Source: YSC Research)
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 404.24 | -0.04 | 92,040 | 10,842 |
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 | 6,200 | 0.00 | -4.62 | -14.84 | 6,540 | 6,180 | 133,151 | 539 |
| GTI | 4,280 | -0.47 | 5.42 | 50.70 | 4,300 | 4,020 | 88,782 | 171 |
| PPAP | 13,200 | -0.60 | 0.00 | -5.71 | 13,560 | 13,200 | 4,838 | 273 |
| PPSP | 2,230 | 0.00 | 0.90 | 2.29 | 2,230 | 2,200 | 55,543 | 160 |
| PAS | 11,280 | -0.18 | -5.05 | -10.33 | 11,880 | 11,280 | 42,945 | 968 |
| ABC | 7,220 | -0.82 | -3.48 | -28.23 | 7,480 | 7,220 | 482,831 | 3,127 |
| PEPC | 2,420 | -0.41 | -1.22 | -11.68 | 2,460 | 2,400 | 7,404 | 181 |
| MJQE | 2,040 | 0.99 | 0.00 | -4.23 | 2,050 | 2,020 | 156,511 | 661 |
| CGSM | 2,430 | 0.41 | 0.00 | -7.60 | 2,450 | 2,420 | 39,926 | 4,761 |
| DBDE | 2,040 | -0.49 | -1.45 | -4.67 | 2,080 | 2,040 | 24,522 | 38 |
| JSL | 3,450 | 0.00 | 0.00 | -21.59 | 3,460 | 3,430 | 6,566 | 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 | 4.78 | 0.37 | 1.41 | 9.60 |
| GTI | 2Q24 | 47 | 7,165 | 91.20 | 0.60 | 0.52 | 17.70 |
| PPAP | 2Q24 | 1,800 | 39,401 | 7.34 | 0.34 | 2.05 | 4.74 |
| PPSP | 2Q24 | 85 | 3,560 | 26.15 | 0.63 | 1.42 | 7.92 |
| PAS | 2Q24 | 1,132 | 11,977 | 9.96 | 0.94 | 2.50 | 6.42 |
| ABC | 2Q24 | 1,554 | 13,448 | 4.65 | 0.54 | 0.91 | NA |
| PEPC* | 4Q24 | -1,035 | 165 | NA | 14.62 | 4.27 | NA |
| MJQE | 2Q24 | 59 | 314 | 34.75 | 6.49 | 4.29 | 29.65 |
| CGSM | 2Q24 | 160 | 609 | 15.14 | 3.99 | 6.43 | 15.28 |
| JSL | 2Q24 | 1 | 669 | 4120.59 | 5.16 | 1.06 | NA |
| DBDE | 2Q24 | 80 | 1,932 | 25.48 | 1.06 | 0.55 | 8.71 |
| 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* | 3,305 |
| CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% | 1,509 |
| GT27A | 0 | 0.0 | - - | N/A | Plain , Green | 7.00% | 1,134 |
| PPSP29A | 0 | 0.0 | - - | KhAAA | Guaranteed Green | Term SOFR + 1.5% | 1,696 |
| RMAC25A | 0 | 0.0 | - - | N/A | Guaranteed | 5.50% | 163 |
| RRC32A | 0 | 0.0 | - - | N/A | Plain | 7.00% | 2,904 |
| RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating** | 1,151 |
| RRGT32B | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating*** | 2,978 |
| TCT26A | 0 | 0.0 | - - | N/A | Plain | 4.50% | 666 |
| TCT28A | 0 | 0.0 | - - | KhAAA | FX-Linked | Floating**** | 1,523 |
| *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 | 85.3 | 10.0 | 0.0 |
| Outstanding (KHR'bn) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Issuance ('K units, Latest) | 10.0 | 20.0 | 20.0 | 0.0 | 0.0 |
| Coupon rate (Latest) | 3.50% | 4.00% | 4.50% | 4.75% | 5.25% |
| Successful yield (Latest) | 3.85% | 4.00% | 5.13% | - | - |
| Latest bidding | 24-Apr-24 | 29-May-24 | 18-Sep-24 | 45,581 | 45,525 |
| *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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