Logo of Phnom Penh Post newspaper Phnom Penh Post - CSX gets help from Thailand

CSX gets help from Thailand

Cambodia Securities Exchange CEO Hong Sokhour
Cambodia Securities Exchange CEO Hong Sokhour at the opening of the CSX in Phnom Penh in 2012. Heng Chivoan

CSX gets help from Thailand

Cambodia Securities Exchange (CSX) will partner with the Stock Exchange of Thailand (SET) to bolster technical knowledge and potential investment into Cambodia’s nascent stock market.

An agreement between the two financial institutions was signed in Phnom Penh yesterday at the CSX office, a deal that will see the SET provide training courses for CSX staff as well as information sharing between the two exchanges, according to Lamun Soleil, deputy director of market operations department at the CSX.

“Thailand is a country where the capital market is very developed and also a place where many international companies gather,” he said.

“The [memorandum of understanding] will create a chance to strengthen networking and can attract investors in Thailand to invest in the Cambodia Stock Exchange.”

Svay Hay, president and CEO of Acleda Securities, welcomed the bilateral agreement he said would hopefully open the way for multilateral cooperation with other countries, especially within the region.

“When we have more partners and wider networking, it encourages investors to come, as it makes them more confident on the market,” he said.

“When many markets are connected, the members in the market have better relations so that they can exchange investment opportunities with each other.”

Cambodia’s bourse is counting down the days to its newest listing, with garment factory Grand Twins International (GTI) expected to go public at the end of this month.

The Taiwanese company will be the second listing on CSX since it commenced trading in 2012 with the Phnom Penh Water Supply Authority’s initial public offering.

GTI is expected to begin trading on May 29 with eight million shares at $2.41 each.

MOST VIEWED

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Pursat Ford assembly plant opens

    The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • $50B infrastructure plan en route

    The government’s upcoming $50 billion,10-year infrastructure master plan will provide tremendous investment opportunities for domestic and foreign entities, transport experts and economists say. Minister of Public Works and Transport Sun Chanthol revealed the plan to Japanese ambassador to Cambodia Masahiro Mikami on June 15. At

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro