Harrison White Cambodia Securities Exchange (CSX) has released its annual strategic outlook highlighting the exchange is projected to list eight more firms, provide more trading functions and strengthen information networks. The CSX noted that they are “foreseeing” tax breaks for listed companies to be extended into 2022 forecasting five stocks and three bonds will be […]
Harrison White Cambodia Securities Exchange (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. First launched in 2011 – CSX has been tasked with raising public awareness and promoting the […]
Harrison White The government will offer new and larger tax exemptions for firms listing on Cambodia Securities Exchange (CSX) as well as ‘special incentives’ for green, sustainable and governments bonds this year. In a document seen by Cambodia Investment Review the non-banking regulator, the Securities Exchange Regulator of Cambodia, outlined that firms listing either shares […]
Harrison White Cambodia Securities Exchange (CSX) have launched an upgraded the version of current mobile trading system (Mobile Trading System – MTS) tightening security features, offering a better design and higher system capacity. The web-based type that integrates into mobile application that runs on both iOS and Android platform. This mobile application was developed entirely […]
Harrison White Half of the equity listed firms on Cambodia Securities Exchange (CSX) missed their obligated fourth quarter 2021 reviews this week requesting to the regulator for more time to submit. According to the Prakas of Corporate Disclosure, all listed companies shall submit a quarterly report to the regulator (for review) within 45 days after […]
Key Points:
? Investor Growth: CSX welcomed two new bond listings and saw a 26% increase in trading accounts, reaching 58,394 in 2024.
? Index Performance: The CSX Index declined 12.68% in 2024 due to external economic pressures and low market liquidity.
? 2025 Goals: CSX aims to double daily trading value, add six new listings, and launch Cambodia’s first Exchange Traded Funds (ETFs).
Key Points:
? CIM Joins Moore Rowland Network: Cambodia Investment Management becomes Moore Rowland as well as expanding its global reach, adding services like ESG auditing, pre-IPO support, and corporate finance.
? Media News Event: The first B2B Cambodia Media News event showcased Cambodia’s economic growth and investment opportunities, attracting key industry players.
? Cambodia: The Asian Tiger of the 21st Century: Cambodia’s investment appeal grows with a dynamic economy, low corporate taxes, and 100% foreign ownership opportunities.
Key Points:
? Main Board Decline: The Main Board saw a 10.14% drop in market capitalization YoY, along with a 17.63% decrease in trading value from the previous quarter, reflecting ongoing challenges for established companies.
? Growth Board Surge: The Growth Board posted a 120.79% YoY increase in trading value and a 155.66% rise in trading volume, indicating strong investor interest in emerging companies.
? CSX Director Insights: CSX Director Kim Sophanit noted a 39.31% increase in trading volume YoY, highlighting robust investor activity despite fluctuations in overall market performance.
Key Points:
• Resilience Amid Sector Challenges: ACLEDA Bank’s net profit dropped by 30% in Q1 2024, yet it maintained growth with a 1% increase in gross loans and a slight decrease in the Non-Performing Loan (NPL) ratio.
• Ongoing Industry Challenges: The Cambodian banking sector faces flat loan growth and financial struggles among SMEs and indebted households, impacting overall stability.
• Strong Deposit Growth: ACLEDA’s deposits from customers and other banks grew by 12.5% YoY to $7.63 billion, driven by a 17% YoY increase in the number of deposit accounts, totaling 4.76 million.
Key Points:
• Strategic Growth: SERC’s 2024-2028 vision aims to attract more company listings and enhance foreign investment.
• Regulatory Framework: Development includes new regulations for digital assets, financial derivatives, and sustainability disclosure.
• Technological Innovation: Introduction of Digital Securities Sandbox to foster innovations like DeFi and blockchain-based trading platforms.