Two factories hope to list on CSX
The next two stocks to be listed on the Cambodia Securities Exchange will probably be Taiwan-owned garment factories, according to market insiders. The news comes as the lone listed stock on the Cambodia Securities Exchange declined slightly in value during the past month, dropping from an August 20 price of 6,500 riel (US$1.62) to a closing at 6,300 riel yesterday as investors wait for the next IPO to be listed. The first of the Taiwan-owned companies is expected to list as early as late October, with another to follow before the end of the year. Insiders say the listing of the Sihanoukville Port is unlikely to take place this year. Cambodia Securities Exchange CEO Hong Sokhour said he believes that any changes in the price of the Phnom Penh Water Supply Authority (PPWSA) stock are up to investors. “It is up to buyers and sellers at the time.”
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