Angkor Enterprise rakes in over $40 million in first 11 months of 2024
| News Highlights |
Economy and Industry
Angkor Enterprise rakes in over $40 million in first 11 months of 2024 Angkor Enterprise, the state-owned agency managing ticket sales for Angkor Archaeological Park, reported revenue exceeding $40 million from ticket sales in the first 11 months of 2024. This represents a significant recovery compared to the previous year, attributed to the return of international tourists. The increase in ticket sales reflects a rebound in tourism following the global pandemic. The park is a major tourist attraction and a crucial revenue source for Cambodia. Angkor Enterprise plans to continue enhancing visitor experiences to sustain this positive trend. They are also considering new initiatives to attract more visitors and boost revenue further. (Source: Phnom Penh Post)
Cambodia, Vietnam to firm up border payment system Cambodia and Vietnam are set to enhance their cross-border payment system to facilitate smoother and more efficient trade transactions. The upgraded system will allow for quicker and more secure payments between businesses in both countries. This initiative is part of broader efforts to strengthen economic ties and boost bilateral trade. It aims to reduce transaction costs and improve financial integration in the region. The new system is expected to support the growing volume of cross-border trade by providing a reliable and efficient payment infrastructure. The collaboration also seeks to address issues related to currency exchange and financial transparency. (Source: Khmer Times)
Chinese firm shows interest in Cambodia's energy sector A Chinese company has expressed interest in investing in Cambodia's energy sector, particularly in renewable energy projects. This potential investment aligns with Cambodia's goals to diversify its energy sources and enhance sustainability. The Chinese firm's interest underscores the attractiveness of Cambodia's energy market for foreign investors. Collaboration with international companies is expected to bring in advanced technology and expertise. The move is anticipated to contribute to the country's long-term energy security and economic development. This partnership could also create new job opportunities and support local communities. (Source: Khmer Times)
Corporate News
Royal Rail's freight surge boosted with 60 new wagons Royal Railways of Cambodia has expanded its freight capacity by adding 60 new wagons to its fleet. This move comes in response to a surge in freight demand, driven by increasing industrial and agricultural activities. The additional wagons are expected to enhance the efficiency and reliability of freight services. The company's focus on modernizing its fleet aims to support Cambodia's economic growth by improving logistics and transportation infrastructure. This expansion aligns with the broader strategy to boost regional connectivity and trade. Royal Railways is also exploring further investments to maintain and upgrade its rail network. (Source: Khmer Times)
Stock Market
CSX index gains 0.12% amid mixed market performance on December 3, 2024 On December 3, 2024, the CSX Index edged up by 0.12%, closing at 402.1 points. Leading the gains on the main board were PEPC (+0.83%), PAS (+0.53%), and CGSM (+0.41%). In contrast, PWSA (-0.96%), PPAP (-0.88%), GTI (-0.76%), MJQE (-0.49%), and PPSP (-0.43%) posted declines, while ABC remained unchanged. On the growth board, DBDE and JSL dropped by 0.49% and 0.86%, respectively. The session concluded with a trading volume of 159,758 shares and a turnover of KHR 885 million. (Source: YSC Research)
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 402.05 | 0.12 | 159,758 | 10,783 |
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 | 6,160 | -0.96 | -0.65 | -15.38 | 6,480 | 6,160 | 27,088 | 536 |
| GTI | 5,200 | -0.76 | 1.56 | 83.10 | 5,320 | 4,220 | 23,664 | 208 |
| PPAP | 13,440 | -0.88 | -0.74 | -4.00 | 13,600 | 13,200 | 790 | 278 |
| PPSP | 2,320 | -0.43 | 0.00 | 6.42 | 2,330 | 2,210 | 53,232 | 167 |
| PAS | 11,360 | 0.53 | 0.18 | -9.70 | 11,420 | 11,240 | 955 | 974 |
| ABC | 6,920 | 0.00 | 0.00 | -31.21 | 7,120 | 6,920 | 134,143 | 2,997 |
| PEPC | 2,420 | 0.83 | 0.41 | -11.68 | 2,420 | 2,370 | 207 | 181 |
| MJQE | 2,040 | -0.49 | -0.49 | -4.23 | 2,050 | 2,040 | 7,355 | 661 |
| CGSM | 2,440 | 0.41 | 0.41 | -7.22 | 2,450 | 2,420 | 8,300 | 4,781 |
| DBDE | 2,020 | -0.49 | 0.00 | -5.61 | 2,060 | 2,020 | 1,466 | 37 |
| JSL | 3,450 | -0.86 | -1.43 | -21.59 | 3,500 | 3,400 | 56 | 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 | 2Q24 | 1,489 | 16,608 | 4.14 | 0.37 | 1.37 | 7.86 |
| GTI | 2Q24 | 47 | 7,165 | 110.64 | 0.73 | 0.63 | 22.77 |
| PPAP | 3Q24 | 2,406 | 40,010 | 5.59 | 0.34 | 1.72 | 3.55 |
| PPSP | 3Q24 | 267 | 3,759 | 8.68 | 0.62 | 2.56 | 4.93 |
| PAS | 3Q24 | 901 | 11,880 | 12.61 | 0.96 | 2.38 | 7.95 |
| ABC | 3Q24 | 1,041 | 13,521 | 6.65 | 0.51 | 0.86 | NA |
| PEPC* | 1Q25 | -1,009 | -17 | NA | NA | 4.23 | NA |
| MJQE | 3Q24 | 41 | 290 | 49.33 | 7.02 | 4.09 | 14.21 |
| CGSM | 3Q24 | 137 | 603 | 17.80 | 4.04 | 6.69 | 14.48 |
| JSL | 3Q24 | 3 | 677 | 1267.14 | 5.09 | 3.81 | 28.22 |
| DBDE | 3Q24 | -334 | 1,483 | NA | 1.36 | 0.58 | NA |
| 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* | 3,269 |
| CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% | 1,473 |
| GT27A | 0 | 0.0 | - - | N/A | Plain , Green | 7.00% | 1,098 |
| PPSP29A | 0 | 0.0 | - - | KhAAA | Guaranteed Green | Term SOFR + 1.5% | 1,660 |
| RMAC25A | 0 | 0.0 | - - | N/A | Guaranteed | 5.50% | 127 |
| RRC32A | 0 | 0.0 | - - | N/A | Plain | 7.00% | 2,868 |
| RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating** | 1,115 |
| RRGT32B | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating*** | 2,942 |
| TCT26A | 0 | 0.0 | - - | N/A | Plain | 4.50% | 630 |
| TCT28A | 0 | 0.0 | - - | KhAAA | FX-Linked | Floating**** | 1,487 |
| *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 | 0.0 | 0.0 | 0.0 |
| Coupon rate (Latest) | 3.50% | 4.00% | 4.00% | 4.75% | 5.25% |
| Successful yield (Latest) | 3.85% | 4.00% | - | - | - |
| Latest bidding | 24-Apr-24 | 29-May-24 | 13-Nov-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. | |||||
| Stock Charts |
Main Board
Growth Board
