Economy and commerce
Securities exchange (stock market)
GTI sees its revenues drop in fourth quarter
Grand Twins International, the second firm to list on the Cambodian Securities Exchange, reported $13.27 million in revenues during the last three months of 2014, down 28.6 per cent from its figures reported in 2013. ...
Hor Kimsay
http://www.phnompenhpost.com/gti-sees-its-revenues-drop-fourth-quarter
RMA mulls listing its Kingdom food arm
Bangkok-based RMA Group is considering listing its Cambodian food and beverage business, Express Food Group, on the Cambodia Securities Exchange, with a proposed IPO later this year. ...
Ananth Baliga
http://www.phnompenhpost.com/rma-mulls-listing-its-kingdom-food-arm
Water firm calm despite cut
Revenue from the Phnom Penh Water Supply Authority – the first listed company on the Cambodian stock exchange – will be cut 800 million riel ($200,000) per year as the company implements a concession plan to lower water prices. The plan was passed after the government ...
Hor Kimsay
http://www.phnompenhpost.com/water-firm-calm-despite-cut
Firms that list to see tax cut
New and existing companies listed on the Cambodia Securities Exchange (CSX) will have their taxes halved by the Cambodian government, a move that is being labelled as a generous attempt to boost activity on the bourse. The sub-decree, which was signed off by Prime Minister Hun ...
Eddie Morton and May Kunmakara
http://www.phnompenhpost.com/business/firms-list-see-tax-cut
Cambodian team 2nd in regional stock challenge
Two Cambodian university students won $8,000 on Monday by placing second in a regional stock trading competition, after making it to the final round of the contest ahead of nearly 2,000 other teams from across Southeast Asia. ...
George Styllis
https://www.cambodiadaily.com/business/cambodian-team-2nd-in-regional-stock-challenge-76450/
TY Fashion to become third firm on bourse
Taiwanese-owned garment manufacturer TY Fashion (Cambodia) Plc is targeting a midyear listing on the bourse following approval on Friday from the Cambodia Securities Exchange (CSX), according to a press release from its underwriter, Phnom Penh Securities (PPS). ...
May Kunmakara
http://www.phnompenhpost.com/business/ty-fashion-become-third-firm-bourse
New CSX tools aim to lure traders
Trading on Cambodia’s fledgling stock market will become easier after the bourse announced two new tools aimed at improving usability and access to the exchange platform. A January 14 statement released by the Cambodian Securities Exchange (CSX) said two new trading methods, “continuous trading” and “trading ...
Eddie Morton
http://www.phnompenhpost.com/business/new-csx-tools-aim-lure-traders
Port a step closer to 2015 IPO
Sihanoukville Autonomous Port (SAP) recorded above-average revenue growth in 2014, marking the third year of consecutive profit and paving the way for a 2015 initial public offering, officials say. ...
Hor Kimsay
http://www.phnompenhpost.com/business/port-step-closer-2015-ipo
Port eyes public listing amid profits recovery
Sihanoukville Autonomous Port (SAP) could be ready to list on the Cambodian Stock Exchange (CSX) by mid 2015, the head of the state-owned enterprise says. Lou Kimchhunn, director-general at the port said he is awaiting evaluations of the business’s 2014 performance from an independent accounting firm ...
May Kunmakara
http://www.phnompenhpost.com/business/port-eyes-public-listing-amid-profits-recovery
Phnom Penh SEZ plans to list on Stock Exchange
The operator of Cambodia’s largest industrial park, the Phnom Penh SEZ, plans to list on the Cambodian Securities Exchange (CSX) next year in an attempt to raise $15 million to set up another economic zone in Poipet City, according to the company and media reports. ...
Kang Sothear and George Styllis
https://www.cambodiadaily.com/business/phnom-penh-sez-plans-to-list-on-stock-exchange-74433/
Profits up in third quarter for PPWSA
The Phnom Penh Water Supply Authority (PPWSA) saw a dramatic increase in profits during the third quarter of this year, according to the state-run firm’s latest filing to the Cambodian Stock Exchange (CSX). PPWSA profits after tax topped $4.5 million during the three-month period ending September ...
Eddie Morton
http://phnompenhpost.com/business/profits-third-quarter-ppwsa
Cambodian students win out on ASEAN stock markets
Despite the Cambodian Stock Exchange (CSX) getting off to a sluggish start over the past three years, local university students are seemingly already on the way to becoming good stock-pickers. The winners, two students from Zaman University who went by the team name of Dark ...
Eddie Morton
http://phnompenhpost.com/business/cambodian-students-win-out-asean-stock-markets
Grand Twins revenue plunges
Grand Twins International (GTI), one of two listed firms on the Cambodian Stock Exchange, has blamed third-quarter revenue losses on garment-worker demonstrations in December and January. On November 21, GTI posted a 40 per cent decline in revenue to $10.9 million for the three-month period ending ...
Eddie Morton
http://www.phnompenhpost.com/business/grand-twins-revenue-plunges
Factory’s workers ordered back
Thousands of employees at Grand Twins International, Cambodia’s only publicly listed garment factory, will be back at the assembly line today after nearly two weeks on strike, accepting a court order to return to work. Workers will follow the order the Phnom Penh Municipal Court issued ...
Sean Teehan and Mom Kunthear
http://phnompenhpost.com/national/factory%E2%80%99s-workers-ordered-back
Cambodia bond a possibility
The launch of an unrated Laotian government bond on Thailand’s bond market could pave the way for Cambodia to issue its own government bond denominated in Thai baht. The Bangkok Post reported yesterday that Thailand’s Finance Ministry and Public Debt Management Office had allowed Cambodia, Vietnam ...
Hor Kimsay
http://phnompenhpost.com/business/cambodia-bond-possibility
Australian firm pulls out of Roxy Casino deal
A Sydney-listed company has pulled out of a share purchase deal to acquire the Roxy Casino in Bavet City, citing slack company procedures that suggest the casino “is not currently ready for public company life,” a filing to the stock exchange says. ...
George Styllis
http://www.cambodiadaily.com/business/australian-firm-pulls-out-of-roxy-casino-deal-69548/
CSX moves from Canadia Tower to new building
The Cambodia Securities Exchange (CSX) last week made its long awaited move from the 25th floor of Phnom Penh’s Canadia Tower to its new home in a $4-million French colonial-era building on Street 106. The CSX officially moved into the two-story building on September 8, according ...
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/csx-moves-from-canadia-tower-to-new-building-68091/
Sonatra takes one-year hiatus
Local stock brokerage company Sonatra Securities has announced it will completely dilute its books and put a halt on all business activities from October 1. In a press release posted on Sonatra’s website last week, the firm stated without an explanation that it was suspending all ...
Hor Kimsay
http://phnompenhpost.com/business/sonatra-takes-one-year-hiatus
PPWSA posts its Q2 profits
Phnom Penh Water Supply Authority (PPWSA) earnings recovered slightly during the second quarter of the year off the back of increased public water usage, officials said. In a filing to the Cambodia Stock Exchange last week, the PPWSA posted $2.7 million in profits for the second ...
Hor Kimsay
http://phnompenhpost.com/business/ppwsa-posts-its-q2-profits
SECC plans same-day settlement on trading
The Securities and Exchange Commission of Cambodia (SECC) is planning new measures for trading on the local stock exchange that it says will encourage investors to trade more actively. Investors currently need to wait for six intervals – occurring every half-hour between 8.30am and 11.30am – ...
Hor Kimsay
http://www.phnompenhpost.com/business/secc-plans-same-day-settlement-trading
Interested, but not yet committed
From the finance to the education sector, the interest from companies looking to list on Cambodia’s nascent stock exchange is on the rise, a CSX official said yesterday, after a meeting with some of the Kingdom’s largest firms. Some 30 companies, the CSX say, are eyeing ...
Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/interested-not-yet-committed
PPWSA profit for Q1 down 60 pct over previous year
Phnom Penh Water Supply Authority (PPWSA) – the first listed company on the Cambodian stock exchange – has recorded a profit of $1.33 million for the first quarter, a decrease of 60 per cent from the same period last year, according to audited financial statements ...
Hor Kimsay
http://www.phnompenhpost.com/business/ppwsa-profit-q1-down-60-pct-over-previous-year
Angkor Gold confirms $10m partnership deal
Cambodian firm Angkor Gold Corp (ANK) on Thursday finalised a partnership agreement with Hong Kong firm Tohui Beishan Property Group Holding Limited (TG) worth more than $10.4 million. According to a company statement issued on the Toronto Stock Exchange, ANK granted the Hong Kong firm 7.9 ...
Eddie Morton
http://www.phnompenhpost.com/business/angkor-gold-confirms-10m-partnership-deal
Grand Twins’ share price continues to drop
The share price of Grand Twins International, a manufacturer for U.S. athletic apparel brands, on Tuesday sank for the fourth straight day since it was listed on the bourse last week, signaling that its initial listing price was too high, industry analysts said. “The pricing of ...
Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/business/grand-twins-share-price-continues-to-drop-62374/