Economy and commerce

Securities exchange (stock market)

Net profit surges at capital’s water utility

The capital’s state-owned water utilities firm Phnom Penh Water Supply Authority (PPWSA) reported strong earnings in the first quarter of 2017, according to a filing to the Cambodian stock exchange (CSX) yesterday. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/net-profit-surges-capitals-water-utility

Port operator’s IPO share price set near high tide mark

Sihanoukville Autonomous Port (SAP), the state enterprise that operates Cambodia’s principal seaport, announced a share price of 5,040 riel ($1.26) yesterday for its upcoming initial public offering following a bookbuilding exercise that garnered a strong response from institutional investors. ...

Cam McGrath
http://www.phnompenhpost.com/business/port-operators-ipo-share-price-set-near-high-tide-mark

Victims of Ponzi scheme petition courts, government for assistance

About 300 victims of an alleged Ponzi scheme filed complaints with the Phnom Penh Municipal Court, the Justice Ministry and the National Assembly on Monday asking for the government’s help in recouping their losses. ...

Buth Kimsay
https://www.cambodiadaily.com/news/victims-of-ponzi-scheme-petition-courts-government-for-assistance-129262/

Sihanoukville gets ready for listing

The Sihanoukville Autonomous Port (PAS) launched a book building process yesterday to determine what price to offer in an initial public offering (IPO), before it is listed on the Cambodia Securities Exchange late next month. ...

Chea Vannak
http://www.khmertimeskh.com/news/37759/sihanoukville-gets-ready-for-listing/

Sihanoukville port announces bookbuild and IPO date

The state-owned enterprise that operates Cambodia’s only deep-sea port officially announced that it will launch its six-day bookbuild and public roadshow starting next Tuesday with an expected initial public offering (IPO) on the Kingdom’s stock market set for May 31, the company’s sole underwriter said ...

Hor Kimsay
http://www.phnompenhpost.com/business/sihanoukville-port-announces-bookbuild-and-ipo-date

Regulator pushes for corporate governance

The vast majority of local companies lack corporate governance standards and provide insufficient business information, requiring investors and regulators to do heavy due diligence work that stops businesses from tapping into additional funding sources, officials said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/regulator-pushes-corporate-governance

Revenue rises at the Autonomous Port

Total revenue for the listed state-owned enterprise Phnom Penh Autonomous Port (PPAP) increased 7.49 percent by the end of December last year, giving it a net value of $16.5 million compared with $15.35 million a year earlier.   ...

May Kunmakara
http://www.khmertimeskh.com/news/37268/revenue-rises-at-the-autonomous-port/

More container traffic buoys port’s profits

Phnom Penh Autonomous Port attributed its growth in profits last year to a rise in container traffic and shipments through the capital’s river port, as well as increased profits from leasing equipment and returns on interest, it said in a filing to the Cambodia Securities ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/more-container-traffic-buoys-ports-profits

PPSEZ's profits falls 42%

Phnom Penh Special Economics Zone (PPSEZ) showed its decline of revenue to 42 percents in 2016 which causes 65 percent of net profit’s downfall comparing to the year of 2015,  it said in a filing to the Cambodia Securities Exchange yesterday. ...

The Phnom Penh Post Staff
http://bit.ly/2n9omfn

GTI growth from higher orders and lower costs

Taiwanese-owner garment manufacturer Grand Twins International (GTI), which posted a 44 percent surge in revenue and a massive 390 percent in net profit last year, attributed the surge to an increase in orders and the decrease of raw material costs, administration costs and total commissions, ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/gti-growth-higher-orders-and-lower-costs

Seaport operator cruises toward IPO

The state-owned enterprise that operates Cambodia’s only deep-sea port is aiming to raise $27 million by floating a 25 percent stake on the Kingdom’s stock market, a company executive said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/seaport-operator-cruises-toward-ipo

New listing soon on CSX

Sihanoukville Autonomous Port (SAP) is edging closer to be listed on Cambodia’s burgeoning stock exchange after five years of delays. The state-owned enterprise will start a formal process of studying investor demand by April, to decide how much shares will cost when the company makes its ...

Chea Vannak and May Kunmakara
http://www.khmertimeskh.com/news/36832/new-listing-soon-on-csx/

Derivatives licensing capped by regulator

Cambodia’s capital market regulator announced yesterday that it would suspend the issuance of new central counterparty licences to derivatives trading firms, claiming that capping the market at four was sufficient to serve current demand. ...

Hor Kimsay
http://www.phnompenhpost.com/business/derivatives-licensing-capped-regulator

IFC to boost corporate governance

The International Finance Corporation (IFC) launched a corporate governance initiative yesterday aimed at enhancing the efficiency of Cambodia’s private sector to strengthen the business climate and spur foreign investment and job creation, it said in a release. ...

Post Staff
http://www.phnompenhpost.com/business/ifc-boost-corporate-governance

Investment fund suggested for Cambodia

Industrial insiders and experts on the Kingdom’s nascent stock market have suggested the government set up a fund as an investment vehicle designed to broaden the local public investor base, based on The Thai Fund (TTF). ...

May Kunmakara
http://www.khmertimeskh.com/news/36361/investment-fund-suggested-for-cambodia/

PPAP to pay out dividends

Phnom Penh Autonomous Port (PPAP) will distribute a cash dividend of 1,059,039,488 riel ($261,148), or 256 riel per share, to its private shareholders for its 2016 operations, the port operator said in a filing to the Cambodian Securities Exchange (CSX). ...

Post Staff
http://www.phnompenhpost.com/business/ppap-pay-out-dividends

Brokers trading without licences

The Securities and Exchange Commission of Cambodia (SECC) has made slow progress in reining in unlicensed operations since issuing its first derivatives trading licence nearly a year ago. To date, only six licences have been issued, while at least as many unlicensed firms continue to ...

Kali Kotoski
http://www.phnompenhpost.com/business/brokers-trading-without-licences

CSX developing app for securities trading

A new online trading platform is being developed to spur interest in Cambodia’s sleepy stock market by allowing traders to access the exchange remotely via software compatible with smartphones, a bourse spokesman said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/csx-developing-app-securities-trading

Future bourse potential touted

The lacklustre performance of Cambodia’s stock exchange, which has attracted only four companies since it launched in 2011 and whose stocks see days without a single trade, is expected to turn a corner soon, capital markets experts said during a panel discussion yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/future-bourse-potential-touted

Bonds starting to take shape

The Cambodian government is finalising legislation that would regulate the establishment of a corporate bond market, and plans to find a suitable private sector company to pilot the first issuance, officials said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/bonds-starting-take-shape

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