Follow-up IPOs still on track

Sihanoukville Autonomous Port, one of two state-owned companies slated to list on the Cambodia Securities Exchange this year, yesterday called the price decline in the country’s first publicly traded company worrisome. The eight-day slide in price that neared Phnom Penh Water Supply Authority’s initial public offering value before climbing more than 4 per cent yesterday, however, would not affect the port’s plans to list, Director General Lou Kim Chhun said. “We were a bit concerned [by the decline]. But I do believe the government will carefully manage the issue,” Lou Kim Chhun said. …

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