Logo of Phnom Penh Post newspaper Phnom Penh Post - PPWSA’s stock price tumbles to all-time low

PPWSA’s stock price tumbles to all-time low

PPWSA’s stock price tumbles to all-time low

In a six-day slide, the share price of Cambodia’s only listed stock, the Phnom Penh Water Supply Authority (PPWSA), closed yesterday at an all-time low, some 40 per cent down from its first-day closing price.

PPWSA finished trading on the Cambodia Securities Exchange (CSX) at 5,360 riel ($1.34) per share yesterday compared with its 9,300 riel close on its first day of trading on April 18, 2012.

The fall began on September 6, a day before the opposition Cambodia National Rescue Party (CNRP) began its most recent rally against alleged election irregularities.

Declines continue in a tense environment in which the opposition has called for a further three-day protest beginning on Sunday.

Market observers attribute the slide to investors' nervousness in the wake of the political deadlock and expect further losses until the dust settles and a new government is formed.

“In my personal opinion, this diminishing price is not related to the business performance of the PPWSA because they are doing their job well,” said Soleil Lamun, deputy director of the Market Operations Department at the CSX.

“However, the sentiment of the [investors] in this market is not different from that in other markets where business activities have become quiet since the elections.”

Svay Hay, president and CEO of brokerage securities firm Acleda Securities sees opportunities while the stock is down.

“Some new investors would see this as a chance to inject cash to this stock investment,” he said.

MOST VIEWED

  • Temi tourism project approved by the CDC

    The $500.4 million Tourism, Ecological, Marine and International (Temi) tourism project has been approved by the Council for the Development of Cambodia (CDC), according to a notice on its Facebook page on Monday. The project is part of Chinese-owned Union City Development Group Co Ltd’s (

  • Rainsy will return at ‘favourable time’

    Opposition figure Sam Rainsy on Saturday suggested he would not return to Cambodia as he had previously promised, saying that like liberators King Father Norodom Sihanouk and Charles de Gaulle, he would only do so at a “favourable time”. “I will go back to Cambodia

  • NagaWorld casino sees net profit of more than $390M last year

    Phnom Penh’s NagaWorld casino posted a 53 per cent net profit increase last year at $390.6 million, a sum which is almost equal to the combined net profit of all Cambodian commercial banks in 2017. NagaWorld’s parent company, NagaCorp Ltd, is listed on the Hong Kong

  • US Embassy urged to stop ‘disrespecting sovereignty’

    The Ministry of Foreign Affairs and International Cooperation called on the US Embassy in Phnom Penh on Saturday to respect the Vienna Convention on Diplomatic Relations after it called former opposition leader Kem Sokha “an innocent man” – a move deemed to be “disrespecting Cambodia’s