Cambodia shines with 20 ASEAN Tourism Awards
News Highlights |
Economy and Industry
Cambodia shines with 20 ASEAN Tourism Awards At the ASEAN Tourism Forum (ATF) 2025 held in Johor Bahru, Malaysia, Cambodia was honored with 20 prestigious awards across four categories, showcasing its excellence in tourism standards. The awards included five ASEAN Green Hotel Awards, five ASEAN Homestay Awards, five ASEAN Public Toilet Awards, and five ASEAN Spa Service Standard Awards. The accolades were presented during the ASEAN Tourism Standards Awards Ceremony, attended by Cambodian Minister of Tourism Huot Hak and other ASEAN tourism leaders. The forum, themed "Unity in Motion - Shaping ASEAN's Tourism Tomorrow," brought together tourism ministers and leaders from ASEAN member states, ASEAN Plus Three countries, India, Russia, and observer nations like Timor-Leste. (Source: Khmer Times)
Government Approves Incentives for 42 Projects in Preah Sihanouk The Cambodian government has granted special incentives to 42 new investment projects in Preah Sihanouk province, with a total investment of $565 million. This decision was made during the 13th meeting of the Working Group for Investment Promotion (WGIP) in Preah Sihanouk, chaired by Hean Sahib, Senior Advisor to the Prime Minister. The approved projects include initiatives to revitalize stalled building construction, new ventures, expansion projects, and other unrelated developments. These projects are expected to create approximately 7,500 jobs across various sectors. Notable projects include a limited customs warehouse, a Koh Rong Samloem vacation home, eco-agrotourism projects, industrial park projects, hotels, and multifunctional buildings. (Source: Khmer Times)
Cambodia collaborates with Alibaba Cloud to enhance e-commerce Cambodia has entered into a strategic partnership with Alibaba Cloud to develop a comprehensive e-commerce platform aimed at boosting the country's digital economy. The collaboration involves the Ministry of Commerce and the Ministry of Post and Telecommunications, which will work together to enhance digital literacy and marketing skills among local entrepreneurs. The initiative includes organizing training programs to help Cambodian businesses effectively utilize digital trade platforms, thereby improving logistics and transport management through a joint digital platform. This partnership is expected to open up significant business opportunities for Cambodian products by connecting them to millions of potential customers globally. (Source: Khmer Times)
Corporate News
CMA and CGCC partner to enhance financial inclusion The Cambodia Microfinance Association (CMA) and the Credit Guarantee Corporation of Cambodia (CGCC) have signed a Memorandum of Understanding (MoU) to promote sustainable financial inclusion across Cambodia. This partnership was announced during the CGCC Annual Seminar on "Innovation of Credit Guarantee to Promote Green Financing," presided over by H.E. Ros Seilava, Secretary of State of the Ministry of Economy and Finance. The strategic partnership aims to foster the growth of banking and financial institutions (BFIs) and support micro, small, and medium enterprises (MSMEs) through capacity development, digital financial services, and enhanced financial literacy. Under the MoU, CMA and CGCC will collaborate on training programs, workshops, seminars, and research studies to strengthen the capacity of MSMEs, BFIs, and stakeholders. (Source: Khmer Times)
Stock Market
CSX index unchanged at 410.3 points, trading volume at 7,270 shares The CSX Index remained unchanged, closing at 410.3 points. On the main board, PAS (+0.17%) led the gains, while GTI (-0.37%) and PPAP (-0.14%) recorded losses. PWSA, PPSP, ABC, PEPC, MJQE, and CGSM showed no changes. On the growth board, both DBDE and JSL also remained unchanged. The session recorded a total trading volume of 7,270 shares, with a turnover of KHR 39 million. (Source: YSC Research)
CSX Stocks |
CSX Index
Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
410.25 | 0.00 | 7,270 | 11,004 |
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 | 6,320 | 0.00 | -0.63 | -0.63 | 6,360 | 6,260 | 86,140 | 550 |
GTI | 5,340 | -0.37 | 5.12 | 5.12 | 5,360 | 5,040 | 53,621 | 214 |
PPAP | 13,880 | -0.14 | 0.29 | 0.29 | 14,000 | 13,500 | 7,606 | 287 |
PPSP | 2,150 | 0.00 | -0.92 | -0.92 | 2,170 | 2,130 | 119,552 | 155 |
PAS | 11,800 | 0.17 | 2.08 | 2.08 | 11,800 | 11,560 | 10,832 | 1,012 |
ABC | 7,280 | 0.00 | -3.45 | -3.45 | 7,540 | 7,120 | 412,567 | 3,153 |
PEPC | 2,380 | 0.00 | -0.42 | -0.42 | 2,440 | 2,320 | 14,022 | 178 |
MJQE | 2,080 | 0.00 | 0.00 | 0.00 | 2,080 | 2,060 | 77,518 | 674 |
CGSM | 2,440 | 0.00 | 0.41 | 0.41 | 2,440 | 2,420 | 114,299 | 4,781 |
DBDE | 2,060 | 0.00 | 0.00 | 0.00 | 2,060 | 2,030 | 35,896 | 38 |
JSL | 3,030 | 0.00 | -11.40 | -11.40 | 3,420 | 3,030 | 19,978 | 78 |
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 | 3Q24 | 1,279 | 12,359 | 4.94 | 0.51 | 1.40 | 10.13 |
GTI | 3Q24 | 91 | 7,114 | 59.01 | 0.75 | 0.63 | 16.26 |
PPAP | 3Q24 | 2,406 | 21,877 | 5.77 | 0.63 | 1.77 | 3.65 |
PPSP | 3Q24 | 267 | 3,759 | 8.04 | 0.57 | 2.37 | 4.60 |
PAS | 3Q24 | 784 | 7,630 | 15.04 | 1.55 | 2.47 | 9.02 |
ABC | 3Q24 | 1,041 | 13,404 | 6.99 | 0.54 | 0.90 | NA |
PEPC* | 1Q25 | -1,009 | -17 | NA | -138.27 | 4.16 | NA |
MJQE | 3Q24 | 41 | 290 | 50.30 | 7.16 | 4.17 | 14.48 |
CGSM | 3Q24 | 137 | 603 | 17.80 | 4.04 | 6.69 | 14.48 |
JSL | 3Q24 | 3 | 677 | 1112.88 | 4.47 | 3.35 | 25.74 |
DBDE | 3Q24 | -340 | 1,510 | NA | 1.36 | 0.58 | NA |
NOTE: ttm= trailing-twelve months; mrq = most recent quarter; *FY ending in June, **excluding non-voting shares |
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 Bond | Floating* | 3,212 |
CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% Annually | 1,416 |
GT27A | 0 | 0.0 | - - | N/A | Plain Bond, Green Bond | 7% per annum | 1,041 |
PPSP29A | 0 | 0.0 | - - | KhAAA | Guaranteed Green Bond | Term SOFR + 1.5% | 1,603 |
RMAC25A | 0 | 0.0 | - - | N/A | Guaranteed Bond | 5.50% Annually | 70 |
RRC32A | 0 | 0.0 | - - | N/A | Plain Bond | 7% Annually | 2,811 |
RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | Floating** | 1,058 |
RRGT32B | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | Floating*** | 2,885 |
TCT26A | 0 | 0.0 | - - | N/A | Plain Bond | 4.50% Annually | 573 |
TCT28A | 0 | 0.0 | - - | KhAAA | FX-Linked Bond | Floating**** | 1,430 |
*SOFR +3% or 5.5% per annum, whichever is higher; **SOFR+3,5% or 5% per annum (take which one is higher);***SOFR+3,5% or 5% per annum (take which one is higher) and Year 6 to Year 10: SOFR+3,75% or 5% per annum (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) | 204.1 | 312.0 | 85.3 | 10.0 | 0.0 |
Outstanding (KHR'bn) | 34.0 | 312.0 | 85.3 | 10.0 | 0.0 |
Issuance ('K units, Latest) | 24.0 | 20.0 | 0.0 | 0.0 | 0.0 |
Coupon rate (Latest) | 2.80% | 4.00% | 3.80% | 4.75% | 5.25% |
Successful yield (Latest) | 3.13% | 4.00% | - | - | - |
Latest bidding | 23-Jan-25 | 29-May-24 | 11-Dec-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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