Economy and commerce
Securities exchange (stock market)
PPSEZ revenue drop due to land sales
The 50 percent drop in revenue of the Phnom Penh Special Economic Zone (PPSEZ) recently announced for the first nine months of the year is due mainly to a significant decline in land sales, a senior official said yesterday. According to the initial, un-audited revenue statement ...
May Kunmakara
http://www.khmertimeskh.com/news/32100/ppsez-revenue-drop-due-to-land-sales/
T-Shop offers first domestic franchise
T-Shop Cambodia, a Phnom-Penh based electronics and gadget shop founded in 2012, has announced that due to nationwide interest it is offering franchise options, with two already sold. This makes it the first Cambodian-owned business to sell franchises, according to CEO Bung Hor. ...
Sok Chan
http://www.khmertimeskh.com/news/31416/t-shop-offers-first-domestic-franchise/
Smart eyes 41.5% stake sale for expansion
Malaysian telecom giant Axiata Group will consider divesting a portion of its stake in Cambodian mobile operator Smart Mobile in a bid to free up capital to “pursue opportunities”, including infrastructure expansion and future acquisitions, a company executive said yesterday. ...
Kali Kotoski and Cam McGrath
http://www.phnompenhpost.com/business/smart-eyes-415-stake-sale-expansion
Stock market to boost SMEs
Small and Medium Enterprises (SMEs) may soon be listed on the Cambodian stock exchange, following the signing of a memorandum of understanding (MoU) between the Federation of Associations for Small and Medium Enterprises (FASMEC) and the Securities and Exchange Commission of Cambodia (SECC) on Thursday. ...
Sok Chan
http://www.khmertimeskh.com/news/30295/stock-market-to-boost-smes/
Skepticism on liquidity providers
Almost two weeks after the Cambodia Securities Exchange (CSX) announced that it was accepting applications for the newly approved liquidity providers (LPs) option, it admitted yesterday that no one had yet applied, as insiders said they were still unsure of the program. ...
May Kunmakara
http://www.khmertimeskh.com/news/29363/skepticism-on-liquidity-providers/
SMEs in anti-graft partnership
The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMAC) has sought support from the anti-corruption organization Transparency International, to prepare it to be a graft-free business entity and help its members to be listed on the Cambodia Stock Exchange (CSX). ...
Chea Vannak
http://www.khmertimeskh.com/news/29307/smes-in-anti-graft-partnership/
Cambodia Securities Exchange open for liquidity provider applications
The Cambodia Securities Exchange (CSX) officially began receiving applications for liquidity providers yesterday as part of an initiative to boost market liquidity, it said in a press release. ...
Post Staff
http://www.phnompenhpost.com/business/cambodia-securities-exchange-open-liquidity-provider-applications
PPSP reports decline in revenue, net profit
Industrial park operator Phnom Penh SEZ, which became the fourth company on Cambodia’s stock exchange when it listed in May, released its audited 2015 annual report and 2016 half-year financials yesterday, reporting declines in revenue and net profit over the past 18 months on slower ...
Kali Kotoski
http://www.phnompenhpost.com/business/ppsp-reports-decline-revenue-net-profit
Firms put out Q2 financial reports
Two of Cambodia’s four publicly listed companies released their financial reports for the second quarter of 2016 yesterday, with both showing moderately healthy profits. ...
Hor Kimsay
http://www.phnompenhpost.com/business/firms-put-out-q2-financial-reports
Listed firms lax on fiscal reports
Six weeks since the close of the fiscal first half, none of the four listed companies on Cambodia’s stock exchange have issued their required half-year financial statements, and one firm has not disclosed any financial data since 2014 – casting doubts on the tiny bourse’s ...
Kali Kotoski
http://www.phnompenhpost.com/business/listed-firms-lax-fiscal-reports
Regulators keeping a close eye on derivatives market
Cambodia’s capital market regulator held a forum yesterday on regulations and safeguards for the derivatives market, laying out the inherent risk and reward of the poorly understood financial instrument that has until recently operated with no oversight. ...
Kali Kotoski
http://www.phnompenhpost.com/business/regulators-keeping-close-eye-derivatives-market
Derivatives licences handed out
Cambodia’s capital market regulator officially granted its first round of derivatives trading licences this week, nearly 10 months after it vowed to formally regulate the inherently risky financial instrument and provide investors with more options to earn profits. ...
Kali Kotoski
http://www.phnompenhpost.com/business/derivatives-licences-handed-out
Securities companies to provide market liquidity
A new initiative aimed at encouraging more trading on Cambodia’s persistently quiet stock exchange will allow securities underwriters and dealers to become liquidity providers who can hold and trade shares in listed companies. ...
Hor Kimsay
http://bit.ly/2ak6Xdl
Sihanoukville cargo rises
Sihanoukville Autonomous Port (SAP), the Kingdom’s largest maritime container hub, reported a six percent increase in cargo shipments in the first six months of the year, while tonnage rose by 10 percent in the same period. ...
Chea Vannak
http://www.khmertimeskh.com/news/27958/sihanoukville-cargo-rises/
Sihanoukville port operator still on course for IPO
The state operator of Cambodia’s only deep-water port remains on course to float shares on the stock exchange and is seeking ways to speed up the listing. ...
Hor Kimsay
http://www.phnompenhpost.com/business/sihanoukville-port-operator-still-course-ipo
SMEs eye bourse for funds
Small and medium enterprises (SMEs) in Cambodia could start raising capital from the public, through the stock exchange, if government efforts to amend financial regulations to allow SMEs to be publicly listed get off the ground. ...
Chea Vannak
http://www.khmertimeskh.com/news/27409/smes-eye-bourse-for-funds/
Warning issued after Ponzi scheme busted
The Ministry of Interior and the Securities and Exchange Commission of Cambodia (SECC) issued a joint release yesterday announcing that investigations of Empire Big Capital Ltd (EBC) and related firms AIF and ICA showed the companies had engaged in investment fraud. ...
Post Staff
http://www.phnompenhpost.com/business/warning-issued-after-ponzi-scheme-busted
PPWSA profits plunge 65%
The Cambodia Securities Exchange (CSX) ─ listed Phnom Penh Water Supply Authority (PPWSA) saw its profits plunge by more than 65 percent in the first quarter of this year with total revenue declining by more than 20 percent in the same period. ...
May Kunmakara
http://www.khmertimeskh.com/news/26616/ppwsa-profits-plunge-65-/
Phnom Penh Port profits up
The first quarter earnings of the publicly listed Phnom Penh Autonomous Port (PPAP) were up by more than 10 percent in comparison to the same period last year thanks to the Kingdom’s steady economic growth and the company’s efforts in streamlining its expansion. ...
May Kunmakara
http://www.khmertimeskh.com/news/26369/phnom-penh-port-profits-up/
GTI announces 2015 dividend payout
Garment manufacturer Gran d Twins International (GTI) will pay out a reduced cash dividend for 2015 as a result of net profits dropping by 70 per cent last year compared to 2014, the company said yesterday in a filing to the Cambodian Securities Exchange (CSX). ...
Post Staff
http://www.phnompenhpost.com/business/gti-announces-2015-dividend-payout
Grand Twins profit falls by 69.5%
Grand Twins International (GTI), a Taiwan-owned listed company on the Cambodia Securities Exchange (CSX), declared a dividend payout ratio of 50 percent of its net profit after tax for the 2015 financial year. The dividend distribution will be made on the 30th of this month. ...
May Kunmakara
http://www.khmertimeskh.com/news/26166/grand-twins-profit-falls-by-69-5-/
Economic zone gets CSX boost
Thailand-based JWD Infologistics Plc’s recent purchase of a 5.2 percent stake in the Phnom Penh Special Economic Zone Plc (PPSEZ), is expected to give a boost to the local company’s traded share value on the Cambodia Securities Exchange (CSX). ...
Sum Manet
http://www.khmertimeskh.com/news/26106/economic-zone-gets-csx-boost/
Stock exchange ready for SMEs
The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) sees small and medium sized businesses (SMEs) as the engine to drive growth on the local stock market, while the companies already listed have been growing steadily. ...
Sok Chan
http://www.khmertimeskh.com/news/25855/stock-exchange-ready-for-smes/
Push to get SMEs listed on CSX
For small and medium sized Cambodian enterprises hoping to list on the local stock market – the Cambodia Securities Exchange (CSX) – there is now an opportunity to realize their dream of seeing their stocks traded. ...
May Kunmakara
http://www.khmertimeskh.com/news/25721/push-to-get-smes-listed-on-csx/