Cambodia's economic growth projected to reach 6% in 2024
| News Highlights |
Economy and Industry
Cambodia's economic growth projected to reach 6% in 2024 Cambodia's economy is forecasted to grow by 6% in 2024, signaling a robust recovery from recent economic challenges. This growth projection is driven by strong performances in key sectors such as agriculture, manufacturing, and services. The government has implemented various measures to support economic recovery, including fiscal stimulus and investment incentives. The increase in foreign direct investment is also expected to contribute to this growth. Additionally, infrastructure development and improvements in public services are anticipated to enhance economic productivity. The positive economic outlook reflects the resilience and potential of Cambodia's economy. Moving forward, maintaining this growth trajectory will be crucial for long-term prosperity. (Source: Khmer Times)
CDC approves $6.4 billion in fixed asset investments The Council for the Development of Cambodia (CDC) has approved fixed asset investments amounting to $6.4 billion. This substantial investment is set to boost various sectors including agriculture, manufacturing, and tourism. The CDC's approval reflects confidence in Cambodia's economic potential and its attractiveness to both local and international investors. The investments are expected to create numerous job opportunities and stimulate economic growth. This development aligns with the government's efforts to promote sustainable economic development and improve infrastructure. Overall, this approval marks a significant milestone in Cambodia's development trajectory. (Source: Khmer Times)
Preah Sihanouk investment initiative attracts $6.03 billion The investment initiative in Preah Sihanouk province has attracted $6.03 billion in investments, highlighting the region's growing economic significance. These investments span across various sectors including tourism, manufacturing, and real estate. The initiative aims to transform Preah Sihanouk into a major economic hub, leveraging its strategic location and natural resources. The government is focused on enhancing infrastructure and creating a conducive business environment to attract more investors. This influx of investment is expected to boost local employment and economic activities. The success of this investment initiative underscores the potential for further economic growth in Preah Sihanouk. (Source: Khmer Times)
Corporate News
Driving green economy: ABA Bank partners with ZO Motors Cambodia ABA Bank has partnered with ZO Motors Cambodia to promote a green economy and sustainable transportation solutions. This collaboration aims to support the development and adoption of electric vehicles (EVs) in Cambodia. ABA Bank will provide financing options for individuals and businesses looking to invest in EVs, making them more accessible. This partnership reflects a commitment to reducing carbon emissions and promoting environmental sustainability. The initiative is part of ABA Bank's broader strategy to support green projects and sustainable development. The collaboration between ABA Bank and ZO Motors Cambodia marks a significant step towards a greener and more sustainable future. (Source: Cambodia Investment Review)
Stock Market
CSX index declines by 0.36% amid mixed market performance On December 10, 2024, the CSX Index declined by 0.36%, closing at 400.0 points. On the main board, GTI (+0.77%) posted gains, while CGSM (-0.82%) and PPSP (-0.45%) recorded declines. Meanwhile, PWSA, PPAP, PAS, ABC, PEPC, and MJQE remained unchanged. On the growth board, DBDE fell by 0.49%, while JSL held steady. The session concluded with a trading volume of 39,888 shares and a turnover of KHR 219 million. (Source: YSC Research)
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 400.03 | -0.36 | 39,888 | 10,729 |
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 | 6,180 | 0.00 | -0.32 | -15.11 | 6,480 | 6,160 | 53,569 | 537 |
| GTI | 5,220 | 0.77 | 1.95 | 83.80 | 5,320 | 4,800 | 61,488 | 209 |
| PPAP | 13,440 | 0.00 | -0.74 | -4.00 | 13,600 | 13,200 | 2,458 | 278 |
| PPSP | 2,200 | -0.45 | -5.17 | 0.92 | 2,330 | 2,200 | 121,849 | 158 |
| PAS | 11,320 | 0.00 | -0.18 | -10.02 | 11,420 | 11,240 | 4,093 | 971 |
| ABC | 6,900 | 0.00 | -0.29 | -31.41 | 7,040 | 6,880 | 432,962 | 2,989 |
| PEPC | 2,420 | 0.00 | 0.41 | -11.68 | 2,430 | 2,370 | 946 | 181 |
| MJQE | 2,050 | 0.00 | 0.00 | -3.76 | 2,050 | 2,030 | 30,631 | 664 |
| CGSM | 2,420 | -0.82 | -0.41 | -7.98 | 2,450 | 2,420 | 39,239 | 4,741 |
| DBDE | 2,030 | -0.49 | 0.50 | -5.14 | 2,060 | 2,020 | 47,138 | 37 |
| JSL | 3,430 | 0.00 | -2.00 | -22.05 | 3,500 | 3,400 | 1,033 | 88 |
| 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 | 4.15 | 0.37 | 1.37 | 7.87 |
| GTI | 2Q24 | 47 | 7,165 | 111.06 | 0.73 | 0.63 | 22.83 |
| PPAP | 3Q24 | 2,406 | 40,010 | 5.59 | 0.34 | 1.72 | 3.55 |
| PPSP | 3Q24 | 267 | 3,759 | 8.23 | 0.59 | 2.43 | 4.70 |
| PAS | 3Q24 | 901 | 11,880 | 12.57 | 0.95 | 2.37 | 7.93 |
| ABC | 3Q24 | 1,041 | 13,521 | 6.63 | 0.51 | 0.85 | NA |
| PEPC* | 1Q25 | -1,009 | -17 | NA | NA | 4.23 | NA |
| MJQE | 3Q24 | 41 | 290 | 49.58 | 7.06 | 4.11 | 14.28 |
| CGSM | 3Q24 | 137 | 603 | 17.65 | 4.01 | 6.63 | 14.38 |
| JSL | 3Q24 | 3 | 677 | 1259.79 | 5.07 | 3.79 | 28.10 |
| DBDE | 3Q24 | -334 | 1,483 | NA | 1.37 | 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* | 3,262 |
| CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% | 1,466 |
| GT27A | 0 | 0.0 | - - | N/A | Plain , Green | 7.00% | 1,091 |
| PPSP29A | 0 | 0.0 | - - | KhAAA | Guaranteed Green | Term SOFR + 1.5% | 1,653 |
| RMAC25A | 0 | 0.0 | - - | N/A | Guaranteed | 5.50% | 120 |
| RRC32A | 0 | 0.0 | - - | N/A | Plain | 7.00% | 2,861 |
| RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating** | 1,108 |
| RRGT32B | 0 | 0.0 | - - | KhAAA | Guaranteed | Floating*** | 2,935 |
| TCT26A | 0 | 0.0 | - - | N/A | Plain | 4.50% | 623 |
| TCT28A | 0 | 0.0 | - - | KhAAA | FX-Linked | Floating**** | 1,480 |
| *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. | |||||
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