The Cambodian Stock Exchange (CSX) - why is it not working ?

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Re: The Cambodian Stock Exchange (CSX) - why is it not working ?

Post by Anchor Moy » Wed Jun 21, 2017 7:34 pm

Yep. When the world markets go arse up, we'll be sitting pretty with our CSX since nobody else knows it exists. :beer1:
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Re: The Cambodian Stock Exchange (CSX) - why is it not working ?

Post by CEOCambodiaNews » Wed Aug 23, 2017 1:20 pm

Slow trading prompts CSX to take action
23 August 2017
Lackluster trading on the Cambodia Securities Exchange (CSX) has prompted it to propose new initiatives to the Securities and Exchange Commission of Cambodia (SECC) to boost trading volumes.

“The market needs a bit more fluctuation to attract more investors, particularly speculators, in order to ramp up market liquidity,” Lamun Soleil, director of the market operations at the CSX, told Khmer Times yesterday.

Mr Soleil said the CSX had proposed new rules to boost trading and had submitted them to the SECC several months ago.
“We expect the SECC to approve them soon and we hope it can be next month,” he added.

Since its inception in 2012, the CSX has only attracted five companies and the latest to be listed on the bourse, in May, was the Sihanoukville Autonomous Port (PAS) – joining Phnom Penh Special Economic Zone Plc., Phnom Penh Autonomous Port, Grand Twins International (Cambodia) Plc. and the Phnom Penh Water Supply Authority.

Mr Soleil said the new proposed initiatives included a form of block trading termed as a negotiated trading method (NTM) that allows a pair of big investors, with orders of over 50,000 shares or $50,000, to easily trade in a secure manner outside the order book...
http://www.khmertimeskh.com/5079419/slo ... ke-action/
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Re: The Cambodian Stock Exchange (CSX) - why is it not working ?

Post by CEOCambodiaNews » Tue Jun 12, 2018 1:15 am

CSX set to launch mobile trading platform
7 June 2018
The Cambodia Securities Exchange (CSX) announced on Monday that it will launch an online trading platform on June 25, which will allow investors to buy and sell using their smartphones.

The new trading platform – Mobile Trading System (MTS) – will enable investors to place orders, check their personal stock information or cancel orders themselves from anywhere and at any time.

Lamun Soleil, director of market operations at CSX, on Monday praised the ease of use that the MTS will provide to investors.

“With this new system, investors can instantly access the stock market anywhere and anytime whenever they have internet access, without passing through a broker,” Soleil said.

According to the CSX announcement, investors must have a valid trading account with a registered CSX broker to get the MTS service, which will be offered free of charge for the first year after its launch.

MTS is an online trading system developed under the support of the Korea International Cooperation Agency (KOICA).
https://www.phnompenhpost.com/business/ ... g-platform
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Re: The Cambodian Stock Exchange (CSX) - why is it not working ?

Post by CEOCambodiaNews » Tue Jul 10, 2018 1:58 am

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Profit margins trend downward at bourse
6 July 2018
The Cambodia Securities Exchange (CSX) has shown gradual declines in average net profit margins of its five listed companies over the past three years.

Net profit margin – the ratio of net income to total revenue – is an important indicator of the financial health of a business.

The average net profit margin of all listed firms was 19.4 percent in 2015, before shrinking to 14.5 percent last year.

CSX’s Listing and Disclosure Department director Lamun Soleil said on Thursday that the decreasing trend of profit margins showed weaker performance compared to past years, but the level wasn’t worrying.

Soleil said that if the decline in net profit margins is impacted by each company increasing its expenditure for expansion, it will prove beneficial in the long run. “It is not good to see a decreasing trend, but a net profit margin above 10 percent is already good,” he said.

A CSX press release on Thursday showed that Phnom Penh Autonomous Port was the only listed firm to show an increase in profit margins over the past three years.
https://www.phnompenhpost.com/business/ ... ard-bourse
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Re: The Cambodian Stock Exchange (CSX) - why is it not working ?

Post by Steven » Tue Jul 10, 2018 3:24 am

CEOCambodiaNews wrote:
Tue Jul 10, 2018 1:58 am
The Cambodia Securities Exchange (CSX) has shown gradual declines in average net profit margins of its five listed companies over the past three years.

Net profit margin – the ratio of net income to total revenue – is an important indicator of the financial health of a business.

The average net profit margin of all listed firms was 19.4 percent in 2015, before shrinking to 14.5 percent last year.
That is very lacking in information, a decreasing net profit margin means nothing in itself, it could be because those firms are investing or whatever. Why do the article communicate only on this ratio ?
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Re: The Cambodian Stock Exchange (CSX) - why is it not working ?

Post by newkidontheblock » Tue Jul 10, 2018 4:43 am

Only a few big companies listed. Limited information on each company. No solid prospectus. No requirement to be truthful about whatever information is given out. Might as well guess the daily price of pineapples.
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Re: The Cambodian Stock Exchange (CSX) - why is it not working ?

Post by CEOCambodiaNews » Wed Jul 11, 2018 2:42 pm

This New York Times article which appeared in 2011, just before the opening of the Cambodian Stock Exchange, gives some idea of the problems ahead.

Shares Needed as Cambodia Gets a Stock Exchange
PHNOM PENH — Having experienced more than a decade of economic growth after years of civil unrest and political disorder, Cambodia is set to open its stock market Monday, a move the government hopes will attract more investors to this country’s small and developing economy.

But there is a stumbling block: Cambodia has no companies that are ready to go public...
https://www.nytimes.com/2011/07/11/busi ... hange.html
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Re: The Cambodian Stock Exchange (CSX) - why is it not working ?

Post by CEOCambodiaNews » Mon Dec 03, 2018 1:51 pm

CSX-listed companies see a mix of results
30 November 2018
Listed companies on the Cambodia Securities Exchange (CSX) announced mixed results of their financial performance for the third quarter of this year, while Phnom Penh SEZ Plc (PPSP) delayed issuing its financial statement, citing an audit issue.

The Sihanoukville Autonomous Port, one of the three state-owned enterprises listed on the exchange, announced a year-on-year sharp increase of 27.77 per cent in net profits during the third quarter to $5 million while revenue rose 17.16 per cent to $17.68 million over the same period.

The profit growth was boosted by an increase in cargo volume and number of containers and a depreciation of the Japanese yen, which the port’s debt obligation is denominated in.

The third quarter report of Cambodia’s international port operator showed that during this quarter, the volume of cargo crossing the port was 1.29 million tonnes, up 12.96 per cent year-on-year. However, it decreased by 4.01 per cent quarter-on-quarter.

Taiwanese garment producer Grand Twins International (GTI) announced a decrease in net profits, though revenue rose due to an increase in orders.

According to the company’s report, net profit dropped sharply by 32.83 per cent year-on-year to about $870,000 in the third quarter of this year as revenue grew by 69.78 per cent to approximately $34 million.

The decline in net profit was attributed to cost increases in labour and transportation.

In contrast to GTI’s decrease in net profit, Phnom Penh Autonomous Port (PPAP), another CSX-listed company, announced strong gains in net profit – up nearly 60 per cent year-on-year to $3.85 million in the third quarter, while revenue rose slightly by 1.25 per cent to around $6 million.
https://www.phnompenhpost.com/business/ ... ix-results
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Re: The Cambodian Stock Exchange (CSX) - why is it not working ?

Post by CEOCambodiaNews » Thu Dec 06, 2018 4:30 pm

Microlender becomes 1st firm to list bonds on Cambodia’s bourse
By Xinhua Net -
December 6, 2018

Microfinance institution Hattha Kaksekar Limited (HKL), the third largest microlender in Cambodia, became the first firm to list its corporate bonds on the Cambodia Securities Exchange (CSX) on Wednesday.

HKL’s President and Chief Executive Officer (CEO) Huot Ieng Tong said the HKL was the company that issued the first-ever local currency bonds in the kingdom, saying that the firm issued 1.2 million bonds worth 120 billion riels (30 million U.S. dollars).

“The HKL’s corporate bonds have the period of three years with a coupon rate of 8.5 percent per annum,” he said during the listing ceremony. “The capital from bond issuance will be used for the expansion of the firm’s business operations.”

In full: http://www.xinhuanet.com/english/2018-1 ... 652926.htm
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Re: The Cambodian Stock Exchange (CSX) - why is it not working ?

Post by Joker Poker » Fri Dec 14, 2018 5:45 pm

US banks looking pretty crap right now.

VIX futures suggesting more to come today US time.

What the heck is going on over there?

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