Cambodia and Laos strengthen insurance collaboration
News Highlights |
Economy and Industry
Cambodia and Laos strengthen insurance collaboration Cambodia and Laos have committed to enhancing their cooperation in the insurance sector, following the signing of a memorandum of understanding (MoU) between the Insurance Regulator of Cambodia (IRC) and Department of Enterprises and Insurance Supervision (SOEI) of the Laos's Ministry of Finance. Both countries aim to share their experiences, best practices, and regulatory frameworks to promote the growth and development of their insurance industries. The collaboration is expected to boost investor confidence and contribute to the economic prosperity of both nations. This agreement underscored the importance of regional cooperation in addressing common challenges and harnessing opportunities within the insurance market, paving the way for a more robust and integrated financial system in the region. (Source: Khmer Times)
Cambodia poised to maintain export growth amid tariff reductions Despite reductions in tariffs under various free trade agreements, Cambodia is set to sustain its export growth. The Ministry of Commerce remains confident in the country's ability to maintain its export momentum, attributing it to the Cambodia-China Free Trade Agreement, the Cambodia-Korea Free Trade Agreement, and the Regional Comprehensive Economic Partnership (RCEP). These agreements provide Cambodian exporters with preferential market access, enabling them to compete more effectively on a global scale. To ensure long-term growth and resilience, the government is focusing on diversifying export products and markets. Efforts are also being made to improve infrastructure, enhance production capacity, and streamline trade facilitation measures to support export activities. (Source: Khmer Times)
CDC evaluates $135 million in investment projects The Council for the Development of Cambodia (CDC) is currently reviewing 12 investment projects worth a total of $135 million. These projects encompass various sectors, including manufacturing, agro-industry, tourism, and real estate. The CDC's review process aims to ensure that the proposed investments align with the country's development priorities and contribute to sustainable economic growth. Once approved, these projects are expected to generate numerous job opportunities and stimulate economic activity in their respective regions. The CDC continues to attract foreign direct investment by offering incentives, streamlining administrative procedures, and enhancing the overall business environment. (Source: Khmer Times)
Corporate News
Cambodians gain free annual access to credit reports In a bid to promote financial literacy and empower individuals, the Credit Bureau Cambodia (CBC) has launched an initiative that allows Cambodians to access their annual credit reports for free. This move aims to increase awareness of personal credit management and encourage responsible borrowing and lending practices. By providing free access to credit reports, the CBC hopes to enhance transparency and trust within the financial system. Individuals can obtain their credit reports securely by visiting the CBC's website and following the necessary steps. This initiative is part of the CBC's broader efforts to improve financial inclusion and support informed financial decision-making among Cambodian citizens. (Source: Kiri Post)
Stock Market
CSX index gains 0.27% as trading volume reaches 19.6k shares The CSX Index rose 0.27%, closing at 409.1 points. On the main board, CGSM (+0.83%), PPAP (+0.58%), and PWSA (+0.32%) led the gains, while GTI (-0.37%), PAS (-0.34%), and ABC (-0.28%) recorded losses. PPSP, PEPC, and MJQE remained unchanged. On the growth board, DBDE declined 0.49%, while JSL gained 0.99%. The session recorded a total trading volume of 19,619 shares, with a turnover of KHR 118 million. (Source: YSC Research)
CSX Stocks |
CSX Index
Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
409.08 | 0.27 | 19,619 | 10,972 |
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 | 6,260 | 0.32 | -0.63 | -1.57 | 6,340 | 6,240 | 12,445 | 544 |
GTI | 5,340 | -0.37 | 0.00 | 5.12 | 5,360 | 5,040 | 9,343 | 214 |
PPAP | 13,900 | 0.58 | -0.29 | 0.43 | 14,000 | 13,500 | 444 | 288 |
PPSP | 2,150 | 0.00 | -0.46 | -0.92 | 2,170 | 2,130 | 8,267 | 155 |
PAS | 11,840 | -0.34 | -0.50 | 2.42 | 11,900 | 11,620 | 1,528 | 1,016 |
ABC | 7,200 | -0.28 | -1.37 | -4.51 | 7,340 | 7,120 | 49,035 | 3,119 |
PEPC | 2,440 | 0.00 | 3.39 | 2.09 | 2,440 | 2,320 | 499 | 183 |
MJQE | 2,080 | 0.00 | 0.00 | 0.00 | 2,080 | 2,060 | 14,115 | 674 |
CGSM | 2,440 | 0.83 | 0.00 | 0.41 | 2,450 | 2,420 | 5,457 | 4,781 |
DBDE | 2,050 | -0.49 | 0.00 | -0.49 | 2,060 | 2,030 | 782 | 38 |
JSL | 3,070 | 0.99 | 0.00 | -10.23 | 3,380 | 3,020 | 611 | 79 |
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 | 4.89 | 0.51 | 1.39 | 10.10 |
GTI | 3Q24 | 91 | 7,114 | 59.01 | 0.75 | 0.63 | 16.26 |
PPAP | 3Q24 | 2,406 | 21,877 | 5.78 | 0.64 | 1.78 | 3.65 |
PPSP | 3Q24 | 267 | 3,759 | 8.04 | 0.57 | 2.37 | 4.60 |
PAS | 3Q24 | 784 | 7,630 | 15.09 | 1.55 | 2.48 | 9.04 |
ABC | 3Q24 | 1,041 | 13,404 | 6.92 | 0.54 | 0.89 | NA |
PEPC* | 1Q25 | -1,009 | -17 | NA | -141.76 | 4.26 | 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 | 1127.57 | 4.53 | 3.39 | 25.98 |
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* | 3,205 |
CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% Annually | 1,409 |
GT27A | 0 | 0.0 | - - | N/A | Plain Bond, Green Bond | 7% per annum | 1,034 |
PPSP29A | 0 | 0.0 | - - | KhAAA | Guaranteed Green Bond | Term SOFR + 1.5% | 1,596 |
RMAC25A | 0 | 0.0 | - - | N/A | Guaranteed Bond | 5.50% Annually | 63 |
RRC32A | 0 | 0.0 | - - | N/A | Plain Bond | 7% Annually | 2,804 |
RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | Floating** | 1,051 |
RRGT32B | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | Floating*** | 2,878 |
TCT26A | 0 | 0.0 | - - | N/A | Plain Bond | 4.50% Annually | 566 |
TCT28A | 0 | 0.0 | - - | KhAAA | FX-Linked Bond | Floating**** | 1,423 |
*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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