CSX: Six months down the line
Trading on the Cambodian Securities Exchange remained low yesterday, which also marked six months of operation for the bourse. An official said this is due to a lack of public awareness and listed companies. Ming Bankosal, General Director of the CSX, said that as listed companies increase so will public interest and trading. … Douglas Clayton, CEO of Leopard Capital, wrote via email that PPWSA seemed to have found its valuation, which happens to be back at the IPO price. Until there is an earnings growth catalyst investors cannot expect the price to re-rate higher. Water utility stocks tend to have low price volatility, he said. … Ming Bankosal said that according to traders, most of them bought and then kept their shares because they have confidence in PPWSA, which as a state-run company in the CSX will never lose value or go bankrupt. …
http://www.phnompenhpost.com/index.php/2012101959319/Business/csx-six-months-down-the-line.html
