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

  • Draft law on state of emergency pending finalisation

    Prime Minister Hun Sen will lead a top-level meeting on Tuesdays to review the draft law on imposing a state of emergency. Meantime, he has decided to close all casinos in Cambodia effective April 1. In the press conference after the National Assembly met today, Hun

  • State of emergency on table amid pandemic

    Prime Minister Hun Sen, his deputy prime ministers and legal team will meet on Tuesday to review the draft law on declaring a state of emergency, as Covid-19 cases rose to 107 in the Kingdom on Monday. Speaking at a press conference after a parliament meeting

  • No word on state of emergency

    The National Assembly (NA) said it will postpone all unnecessary meetings in line with guidance from the Ministry of Health and the World Health Organisation (WHO) amid the Covid-19 pandemic. However, it did not say when or how it will debate the “state of emergency”

  • Many in limbo as tension heightens

    As the Kingdom restricts travel and prepares for a state of emergency, some foreigners in Cambodia are scrambling for a way home. Foreign embassies in Phnom Penh are making efforts to get their citizens out, but cancelled flights have become common due to the coronavirus

  • State of emergency draft law set for NA

    A draft law aiming to place the Kingdom in a state of emergency amid the Covid-19 pandemic is set for a debate at the National Assembly (NA) after going through the Council of Ministers’ Standing Committee meeting led by Prime Minister Hun Sen on Tuesday.

  • Hun Sen, ministers, officials donate salaries in virus fight

    Prime Minister Hun Sen and other senior government officials have decided to donate their salaries to the National Committee for Combating Covid-19 in support of the ongoing battle against the coronavirus. Hun Sen announced in an April 1 letter that because the Covid-19 situation in Cambodia