The Cambodia Securities Exchange (CSX) and its listed entities recently convened a seminar aimed at bolstering public understanding and confidence in the nation’s capital markets. The event, named ‘Earnings Forum 2024’, was held at the CSX venue and featured presentations from six prominent listed companies, including the Phnom Penh Water Supply Authority, Phnom Penh Autonomous Port, Acleda Bank Plc, CAMGSM Plc, MENGLY J QUACH EDUCATION Plc, and DBD Engineering Plc.
This educational forum provided investors and potential investors with a comprehensive overview of the business achievements and financial outcomes of these companies for the fourth quarter and the entire year of 2023. The discussions centered on enhancing transparency and providing detailed insights into the financial health and performance of the participating firms.
Hong Sok Hour, the CEO of CSX, highlighted the exchange’s efforts in collaborating with securities firms to create an ‘Equity Report.’ This report aims to offer an in-depth analysis of the financial and business performance of listed companies, serving as a valuable resource for investors contemplating stock investments. The report is part of a broader initiative to guide investment decisions and stimulate more informed participation in the stock market.
During his address, Sok Hour outlined the ambitious goals set by CSX to invigorate the capital market, aiming for an average daily trading volume of $100 million by the year 2030. Achieving such a milestone requires expanding the investor base and fostering a more active trading environment within the stock market.
The CSX, which commenced operations in 2012, represents a collaborative venture between the Cambodian government and the Korean Exchange. The Cambodian side holds a majority stake of 55 percent, with the Korean Exchange holding the remaining 45 percent. As of now, the CSX boasts a total of 23 listed entities, comprising 11 equity stocks and 12 corporate bonds. These companies have collectively mobilized approximately $379 million through the capital market, with the exchange witnessing an average daily trading value exceeding $200,000.
This seminar is part of ongoing efforts to educate the public about the opportunities and workings of Cambodia’s capital markets, aiming to foster a robust and transparent investment environment.
