News
GTI price resilient over strikes
It’s been a testing month for Taiwanese garment manufacturer Grand Twins International (GTI), with recurring worker demonstrations and a new sector-wide minimum-wage level set just this week. But despite the turbulence, GTI stock – one of just two companies trading on the Cambodian Stock Exchange (CSX) ...
Eddie Morton
http://phnompenhpost.com/business/gti-price-resilient-over-strikes
Phnom Penh port expansion seeks funding solution
With construction on the second phase of a new cargo terminal at the Phnom Penh Autonomous Port (PPAP) set to begin in 2016, officials are now looking for ways to finance the project. Hei Bavy, director general for PPAP, said the $20 million expansion will see ...
Chan Muyhong
http://phnompenhpost.com/business/phnom-penh-port-expansion-seeks-funding-solution
Two’s company at CSX
It may not have all the glitter, adrenaline or the iconic tolling bell of Wall Street, but today, the usually deserted Cambodian Stock Exchange (CSX) will be a hive of activity. After first hinting at an initial public offering more than two years ago, garment manufacturer ...
Eddie Morton
http://www.phnompenhpost.com/business/two%E2%80%99s-company-csx
Grand Twins’ listing date official, but late
The Cambodian Stock Exchange (CSX) has approved Grand Twins International’s (GTI) final submission of IPO documents and issued an official listing date of June 16. “Cambodia Securities Exchange has a great honor to inform the public that Grand Twins International (Cambodia) Plc is approved to be ...
Eddie Morton
http://www.phnompenhpost.com/business/grand-twins%E2%80%99-listing-date-official-late
Firm begins process to determine IPO share price
Grand Twins International (Cambodia) Plc., a manufacturer of clothes for U.S. athletic brands, on Monday will begin recording investor demands to determine the price for an initial public offering (IPO) as part of the last steps to list on the Cambodian Stock Exchange (CSX), though ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/firm-begins-process-to-determine-ipo-share-price-53869/
Cambodia's city port sees 20 pct rise in shipment in 9 months
Cargo shipment entering and leaving Cambodia through the Phnom Penh Autonomous Port increased by 20 percent in the first nine months of 2013 thanks to growing business activities, according to port’s data released on Saturday. During the January-September period this year, the kingdom’s second largest port ...
Global Times News Staff
http://www.globaltimes.cn/content/818818.shtml#.UmSot_nTxe8
Bank to join growing group from Taiwan
Taiwan-based Shanghai Commercial & Savings Bank Ltd plans to open a representative office in Cambodia, joining an increasing number of Taiwanese banks and garment industry investors in the Kingdom. Shanghai Commercial & Savings would enter a crowded sector, behind other Taiwanese-based financial intuitions [sic]. Hua ...
http://www.phnompenhpost.com/2013061366235/Business/bank-to-join-growing-group-from-taiwan.html
Singaporean law firm expands to Cambodia
Rajah & Tann, Southeast Asia’s largest law firm, has expanded to Cambodia through a tie-up with local law firm Sok & Heng, which has taken on a new name, RT Sok & Heng Law Office. Rajah & Tann’s deputy managing partner, Patrick Ang, estimates that there ...
http://www.phnompenhpost.com/2013020561178/Business/singaporean-law-firm-expands-to-cambodia.html
Two new ports for Cambodia
The Phnom Penh Autonomous Port (PPAP) will officially open two new ports in January in response to a rise in imports and exports of cargo. The PPAP is also one of the state-owned enterprises due to be listed on the Cambodian stock exchange by 2014. ...
http://www.phnompenhpost.com/2012122660476/Business/two-new-ports-for-cambodia.html
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 ...
http://www.phnompenhpost.com/index.php/2012101959319/Business/csx-six-months-down-the-line.html
Cambodian Stock Exchange sees challenges, opportunities
I visited the Cambodian Stock Exchange (CSX) last September in the heart of Phnom Penh. It had officially “opened” a few months prior but no companies were listed yet. The trading room was filled with new desks and computer monitors, waiting for someone to power ...
http://www.chinapost.com.tw/business/global-markets/2012/05/07/340280/Cambodian-Stock.htm
Cambodia's new corporate darling
Industries such as tourism and garment production are booming. Mining is taking off and the Cambodian Stock Exchange (CSX) is finally up and running after a 10-month delay with Phnom Penh Water Supply (PPWS) its first listing. “PPWS is considered one of the best managed state ...
http://www.bangkokpost.com/business/economics/291098/cambodia-new-corporate-darling
Cambodia Joins Stocks Party
Cambodia tapped into the growing global interest in Southeast Asia with the start of trading in the sole stock at its gleaming new stock exchange on Wednesday. Ordinary Cambodians and local businesses scrambled to buy into the country’s first initial public offering—of shares in a local ...
http://online.wsj.com/article/SB10001424052702304331204577351551608365784.html
Telecom Cambodia Revenues Drop by $1 Million in 2011
Telecom Cambodia, one of three state-owned enterprises with plans to list on Cambodia’s stock exchange, saw revenues decline by 3 percent to $31 million last year, an official at the company said yesterday. Lao Saroeun, director general of Telecom Cambodia, said that revenues at the company ...
Cambodia's first IPO nears
Cambodia’s first initial public offering is fast approaching, and demand is expected to be robust. Bookbuilding, the process during which bids are taken and a price set for shares, ended last Wednesday for Phnom Penh Water Supply Authority (PPWSA). The final offering price will be announced ...
http://www.bangkokpost.com/business/economics/284959/cambodia-first-ipo-nears
PPWSA makes pitch to investors before IPO
Trading on the Cambodian Securities Exchange should begin at the end of March as the Kingdom’s first stock, Phnom Penh Water Supply Authority, prepares to consult and share information with potential investors this week. The company would host a “roadshow” for investors in anticipation of its ...
New securities dealer launches in Kingdom
Golden Fortune Securities, a Cambodian-Chinese joint venture and the Kingdom’s second securities dealer, officially opened its doors yesterday. The company was the most recent of Cambodia’s 13 licensed dealers, brokers and underwriters to launch operations. A date for company listings, or actual Cambodia Securities Exchange operations, was ...
Vietnamese equity fund to open in Cambodia
Dragon Capital, a Vietnam-based private equity firm, has announced that it is planning to launch a fund in Cambodia next year, the second such fund to be announced by a Vietnamese company this year. The firm’s CEO, Dominic Scriven, said that the initial fund would close ...
SMEs not yet ready for CSX
Small and medium-sized enterprises, which are expected to play a key role in the Kingdom’s emergent stock market, are far from ready to list, insiders say. Most important, many SMEs lack the standardisations and controls required of publicly traded companies by the Securities and Exchange Commission ...
http://www.phnompenhpost.com/index.php/2011112152859/Business/smes-not-yet-ready-for-csx.html
ACLEDA, Tong Yang sign MoU
Tong Yang Securities (Cambodia) and ACLEDA Securities yesterday signed a memorandum of understanding to partner the services they offer to the Kingdom’s budding financial markets. To expand their footprint in the market, the companies aimed to provide a combination of advisory and underwriting services for companies ...
http://www.phnompenhpost.com/index.php/2011102752376/Business/acleda-tong-yang-sign-mou.html
Stock Exchange Launches, Waits for Customers
The Cambodian Stock Exchange in Phnom Penh was launched by Finance Minister Keat Chhon, who has called on state-owned corporations to prepare for their initial public offerings. No companies as of yet are listed on the Cambodian Securities Exchange (CSX), though the launch was symbolic ...
BDO expands Cambodia operations
The former country partner and staff of Grant Thornton Law and associates in Cambodia have joined the accountancy and advisory firm BDO Malaysia effective July 1, according to a statement. BDO is one of three accounting firms licensed by the Securities and Exchange Commission ...
http://www.phnompenhpost.com/index.php/2011070550176/Business/bdo-expands-cambodia-operations.html