MLVT seeks nearly 80,000 workers in key sectors
| News Highlights |
Economy and Industry
MLVT seeks nearly 80,000 workers in key sectors The Ministry of Labour and Vocational Training (MLVT) in Cambodia has announced a significant demand for nearly 80,000 workers across three major sectors: industry, services, and agriculture. This demand highlights the need for skilled labor to support the country's economic growth and development. The MLVT is actively working to address this labor shortage by implementing various training programs and initiatives to enhance the skills of the local workforce. The ministry is also collaborating with international organizations and partners to provide technical and vocational training to Cambodian workers. The goal is to equip them with the necessary skills to meet the demands of the job market and contribute to the country's economic progress. (Source: Khmer Times)
Government enhances water management in Kampong Thom The Cambodian government is intensifying its efforts to improve water management in Kampong Thom province. The Royal Government is speeding up the construction of the Dang Kambit Dam and Kampong Ko irrigation system, while also restoring the Stueng Slap (Dead Stream). The Premier announced on social media that the dam will benefit around 85,300 people in six districts by providing water for crops and daily use. These projects aim to provide safe and reliable water access to residents, particularly in areas vulnerable to climate change. These efforts are expected to significantly improve the quality of life for rural communities and support the country's long-term development goals. (Source: Khmer Times)
The CPP anticipates a 6.3% economic growth for Cambodia in 2025 Cambodia's economy is projected to grow by 6.3% in 2025, marking a recovery to pre-COVID-19 levels, as stated by the Cambodian People's Party (CPP). The CPP highlighted the nation's economic resilience amid challenging global conditions and other adverse factors. In 2024, the economy expanded by 6%, supported by low inflation, a stable exchange rate, and international reserves of $22.511 billion, covering approximately 7 months of imports. The employment sector remained stable, and living standards saw significant improvement. The government has been actively implementing the National Social Protection Policy Framework 2016-2025 and enhancing working conditions for factory workers. Economist Darin Duch expressed confidence in the 6.3% growth forecast, attributing it to ongoing investments in infrastructure, a recovering tourism sector, and strong export performance. These factors collectively contribute to Cambodia's positive economic outlook. (Source: Khmer Times)
Corporate News
AirAsia Cambodia launches Phnom Penh-Hanoi flights with Lunar New Year promos AirAsia Cambodia has announced the launch of new flights connecting Phnom Penh and Hanoi, just in time for the Lunar New Year celebrations. The inaugural flight marks a significant milestone in AirAsia's expansion strategy, aimed at enhancing connectivity between Cambodia and Vietnam. The new route is expected to boost tourism and business travel between the two countries, offering travelers more convenient and affordable options. To celebrate the launch, AirAsia is offering promotional fares starting at $99, making it an attractive choice for budget-conscious travelers. The airline's CEO expressed optimism about the new route, highlighting its potential to strengthen cultural and economic ties between Cambodia and Vietnam. (Source: Khmer Times)
Stock Market
CSX index gains 0.09%, trading volume reaches 22,585 shares The CSX Index rose by 0.09%, closing at 410.2 points. On the main board, ABC (+0.28%) and PAS (+0.17%) led the gains, while PPSP (-0.46%) posted losses. PWSA, GTI, PPAP, PEPC, MJQE, and CGSM remained unchanged. On the growth board, DBDE remained unchanged, while JSL fell by 0.98%. The session recorded a total trading volume of 22,585 shares, with a turnover of KHR 115 million. (Source: YSC Research)
| CSX Stocks |
CSX Index
| Value | 1D % Chg | 1D Vol | Mkt Cap (KHR'bn) |
| 410.23 | 0.09 | 22,585 | 11,003 |
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 | 6,380 | 6,260 | 85,986 | 550 |
| GTI | 5,360 | 0.00 | 5.51 | 5.51 | 5,360 | 5,020 | 53,601 | 214 |
| PPAP | 13,900 | 0.00 | 0.43 | 0.43 | 14,000 | 13,500 | 7,578 | 288 |
| PPSP | 2,150 | -0.46 | -0.92 | -0.92 | 2,170 | 2,130 | 118,995 | 155 |
| PAS | 11,780 | 0.17 | 1.90 | 1.90 | 11,800 | 11,560 | 10,747 | 1,010 |
| ABC | 7,280 | 0.28 | -3.45 | -3.45 | 7,540 | 7,120 | 408,422 | 3,153 |
| PEPC | 2,380 | 0.00 | -0.42 | -0.42 | 2,440 | 2,320 | 13,977 | 178 |
| MJQE | 2,080 | 0.00 | 0.00 | 0.00 | 2,080 | 2,050 | 76,518 | 674 |
| CGSM | 2,440 | 0.00 | 0.41 | 0.41 | 2,440 | 2,420 | 113,046 | 4,781 |
| DBDE | 2,060 | 0.00 | 0.00 | 0.00 | 2,060 | 2,030 | 32,351 | 38 |
| JSL | 3,030 | -0.98 | -11.40 | -11.40 | 3,420 | 3,030 | 19,966 | 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 | 59.23 | 0.75 | 0.63 | 16.30 |
| 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 | 15.02 | 1.54 | 2.47 | 9.01 |
| 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* | 3,213 |
| CIAF28A | 0 | 0.0 | - - | KhAAA | N/A | 6.30% Annually | 1,417 |
| GT27A | 0 | 0.0 | - - | N/A | Plain Bond, Green Bond | 7% per annum | 1,042 |
| PPSP29A | 0 | 0.0 | - - | KhAAA | Guaranteed Green Bond | Term SOFR + 1.5% | 1,604 |
| RMAC25A | 0 | 0.0 | - - | N/A | Guaranteed Bond | 5.50% Annually | 71 |
| RRC32A | 0 | 0.0 | - - | N/A | Plain Bond | 7% Annually | 2,812 |
| RRGO27A | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | Floating** | 1,059 |
| RRGT32B | 0 | 0.0 | - - | KhAAA | Guaranteed Bond | Floating*** | 2,886 |
| TCT26A | 0 | 0.0 | - - | N/A | Plain Bond | 4.50% Annually | 574 |
| TCT28A | 0 | 0.0 | - - | KhAAA | FX-Linked Bond | Floating**** | 1,431 |
| *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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