Logo of Phnom Penh Post newspaper Phnom Penh Post - CSX unveils outlook towards 2022

CSX unveils outlook towards 2022

Content image - Phnom Penh Post
The average daily trading volume and value at the CSX reached all-time highs last year, at 234,628 shares and more than one billion riel ($245,000), or up by 400 per cent and 127 per cent over 2020. Hean Rangsey

CSX unveils outlook towards 2022

The Cambodia Securities Exchange (CSX) has expressed commitment to increase the number of equity and debt securities traded on the bourse this year, with particular focus on small- and medium-sized enterprises from burgeoning sectors such as information technology, telecoms, healthcare, logistics, and food and beverage.

It also aims to introduce more equity products to the market this year, including the Government Bond Collective Investment Scheme, direct listings without initial public offering (IPO) and holding company listings, the CSX said in its “2021 Achievements and Outlook Towards 2022” report.

At the very core, industry requisites to expand and accelerate the Cambodian capital market involve having more supply and demand, it said, adding that it has devised strategic approaches to this end.

“In 2022, we’ll primarily focus on facilitating and adding new functions to the process of trading, clearing and settlement operations.

“The manner by which we can improve this matter includes but is not limited to the introduction of an app version of the mobile trading system [MTS], online account opening, margin trading, foreign currency settlement arrangements, shortening bond settlement times from T+2 to T+1, the introduction of the CSX’s first custodian agent member, and the establishment of Cambodia investor network.

“Secondly, CSX has engaged in steps toward making Cambodia’s stock data available on global financial platforms.

“We are strengthening our information networks and cooperation via collaboration with relevant parties such as local and foreign media and prominent stock exchanges.

“Fourthly, we are conducting online and public events to raise awareness of the market. Lastly, we are encouraging the production and promotion of analysis research reports.

“We, the CSX, work to ensure a fair and transparent trading environment in order to maintain the confidence and interests of both local and foreign investors,” it added.

Securities and Exchange Regulator of Cambodia (SERC) director-general Sou Socheat recently told The Post that 2022 would be a good year for the capital market to grow, as many more companies plan to list on bourse and host events focused on market development.

He said: “2022 will be another exciting and productive year for SERC, as a capital market regulator in Cambodia and as the ASEAN Capital Market Forum [ACMF] chair.

“Some of our primary considerations are to inspire more companies to list and encourage more trading, by making the listing and trading environment more favourable, diversifying with even more products in the market.

“As a regulator of the capital market, we have always placed investor protection as our main priority. SERC has provided a lot of training to the public, to raise the awareness about the securities market.

“To ensure the market is run smoothly, effectively, orderly and transparently, SERC has always conducted market supervision and surveillance as well as on-site and off-site inspection on the regulated entities even during these pandemic times.”

Last year, the CSX saw its first Growth Board listing, which trades under the DBDE ticker, and the first corporate bond issued by Telcotech Ltd, a subsidiary of Royal Group of Companies Ltd. These securities raised 15 billion and 80 billion riel ($3.66 million and $19.54 million), respectively, according to the report.

The average daily trading volume and value reached all-time highs last year, at 234,628 shares and more than one billion riel, respectively, or up by 400 per cent and 127 per cent over 2020.

The bourse gained more than 4,000 new traders in 2021, bringing the total to over 30,000, as MTS users increased by 7,000.

MTS orders stood at 477,067 last year, up by 281 per cent from 125,268 in 2020, suggesting success in trade digitalisation improvements at the CSX, the report said.


  • Hong Kong firm done buying Coke Cambodia

    Swire Coca-Cola Ltd, a wholly-owned subsidiary of Hong Kong-listed Swire Pacific Ltd, on November 25 announced that it had completed the acquisition of The Coca-Cola Co’s bottling business in Cambodia, as part of its ambitions to expand into the Southeast Asian market. Swire Coca-Cola affirmed

  • Cambodia's Bokator now officially in World Heritage List

    UNESCO has officially inscribed Cambodia’s “Kun Lbokator”, commonly known as Bokator, on the World Heritage List, according to Minister of Culture and Fine Arts Phoeurng Sackona in her brief report to Prime Minister Hun Sen on the night of November 29. Her report, which was

  • NagaWorld union leader arrested at airport after Australia trip

    Chhim Sithar, head of the Labour Rights Supported Union of Khmer Employees at NagaWorld integrated casino resort, was arrested on November 26 at Phnom Penh International Airport and placed in pre-trial detention after returning from a 12-day trip to Australia. Phnom Penh Municipal Court Investigating Judge

  • Sub-Decree approves $30M for mine clearance

    The Cambodian government established the ‘Mine-Free Cambodia 2025 Foundation’, and released an initial budget of $30 million. Based on the progress of the foundation in 2023, 2024 and 2025, more funds will be added from the national budget and other sources. In a sub-decree signed by Prime Minister Hun Sen

  • Angkor Beer, 30 Years of Prestige and Still Counting

    Let’s celebrate 30 years of prestige with Angkor Beer. In this 2022, Angkor Beer is 30 years old and has been staying with Cambodian hearts in all circumstances. Head of core beer portfolio, EmYuthousaid, “We have been with Cambodians for three decades now. We, ANGKOR Beer, pride

  • Two senior GDP officials defect to CPP

    Two senior officials of the Grassroots Democratic Party (GDP) have asked to join the Cambodian People’s Party (CPP), after apparently failing to forge a political alliance in the run-up to the 2023 general election. Yang Saing Koma, chairman of the GDP board, and Lek Sothear,