Cambodia Investment Review
Cambodia Securities Plc. has hosted its highly anticipated grand opening ceremony, signaling a major milestone for the country’s developing capital market. The event was attended by over 300 participants from across Asia, including local conglomerates, regulators, politicians, and representatives from international financial institutions and foreign securities exchanges.
Read more: Cambodia Securities Exchange commemorates 10th anniversary
During the ceremony, Cambodia Securities Plc. was granted five major licenses by the Securities and Exchange Regulator of Cambodia (SERC), making it the first securities house in the country capable of serving both the buy-side and the sell-side.
The licenses included:
- Securities Underwriting
- Investment Advisory
- Fund Management
- Fund Distribution
- Fund Administration
The company also signed MOU with its strategic alliances such as Titan Stone Real Estate, KY Development, Cambodian Investors Corporation, La Vista One, Golden Cambodia Century GCC Group, Titan Stone Life Insurance, Bayon Credit, and Grand Cathay Investment Trust to strengthen the cooperation across entities that allows Cambodia Securities Plc.
The partnerships aim to more effectively and efficiently channel funds from its extensive sources of investors to the most optimal investment opportunity via delivering the best possible financial products and services with the highest level of professionalism and a strongly qualified team.
Cambodia Securities bullish on Cambodia’s growth
Mr. Teng Cheng Yueh, Executive Director of Cambodia Securities Plc., shared his bullish outlook on Cambodia’s growth prospects, predicting that the country will outperform other Asian countries soon.
H.E. Sou Socheat, Director General of the Securities and Exchange Regulator of Cambodia (SERC) encouraged retail investors to consider the capital market as a secondary source of income and highlighted its benefits as a source of finance for businesses.
Currently, there are nine listed companies on the Cambodia Securities Exchange (CSX), with two potential corporate issuers, Titan Stone Real Estate, and KY Development, working with Cambodia Securities to have their equity stake listed on the public stock exchange.
Read more: CIR Media and SERC sign partnership to promote Cambodia’s capital markets
Cambodia Securities Exchange Chief Executive Officer H.E. Hong Sok Hour said it was a historic event and that moving forward, we should create a common dream – and that common dream is to build a stock market with a trading volume of $100 million a day within the next six to seven years.
According to the speakers, the average daily trading volume in the secondary market has also doubled on a Y-o-Y basis, indicating that investors are increasingly considering the domestic stock market as a viable investment option.
Promoting industry best practices
Ms. Kerady Buth, Founder & CEO of Cambodia Securities Plc., acknowledged the role of all stakeholders, especially the Royal Government of Cambodia, in establishing a sound investment environment, promoting industry best practices, and consistently offering innovative investment options with an adjustable level of risk.
She expressed pride in the company’s contribution to the country’s phenomenal growth in the capital market and looked forward to channeling more funds from its prestigious investor base to optimal investment opportunities in the Kingdom.
The grand opening ceremony of Cambodia Securities Plc. marks a significant milestone for the country’s capital market, signaling its growth potential and the opportunity for investors to access a range of investment options.
Read more: CSX forecasts record growth for Cambodia’s capital markets in 2023
CSX has outlined record growth for the exchange in 2023 forecasting 14 new firms to list, doubling its daily trading volumes, and tripling the number of registered trading accounts, according to its latest annual outlook.
