13 February 2025 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 13 February 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was up 0.62 points, or 0.15%, to 409.43. 
• Total trade volume increased significantly, with 3.4 million shares changing hands at a total value of over 7 billion riel, or approximately $1.8 million US dollars.
• On the main board, two stocks were up, one was down, and the rest of the board was flat. Leading the market was CAMGSM, up 0.41% or 10 KHR to 2,430 KHR per share, followed by Phnom Penh Autonomous Port, which was up 0.14% or 20 KHR to 14,140 KHR per share. On the other hand, MJQ Education was down 0.48% or 10 KHR to 2,080 KHR per share.
• Over on the growth board, DBD Engineering was up 0.97% or 20 KHR to 2,080 KHR per share, while JS Land stayed flat.
• DBD Engineering today replaced ACLEDA Bank as the company with the highest trade volume of the day, with over 3.4 million shares traded, valued at around 6.9 billion KHR or approximately $1.7 million US dollars, close to 99% of Thursday’s total trade volume.
• Grand Twins International, recorded the second highest trade volume of the day, with 19,186 shares changing hands at a total value of 118 million KHR , or over $29,500 US dollars, which was less than 2% of the total trade volume on February 13th.
   
• In other market news, Royal Group Phnom Penh SEZ released its Q4 2024 report which showed a decrease in revenue. Royal Group Phnom Penh SEZ recorded revenue of around $2.9 million US dollars in Q4 of 2024,  which is much lower than the $6 million US dollars recorded during the same quarter in 2023, representing a decrease of over 50%. According to the company, the decrease in revenue was primarily due to no land sales, which led to a net loss for the quarter.
• MJQ Education, on the other hand, reported an increase in revenue but a reduction in net profits. The company's net profits in Q4 2024 dropped by close to 27% compared to the same period in 2023. According to the company’s disclosure notice, this short-term decline was primarily due to increased operating and administration costs from newly established campuses that have yet to reach their break-even point. Based on the company’s financial statement for the twelve-months of 2024, MJQ Education earned a revenue of over $40 million US dollars, with profits around $25.5 million US dollars.
   
• Exchange rate, the KHR to USD was stable at 4,005 KHR per USD, while the USD index was down to 107.70.
   
• Looking at global commodities, oil prices fell about 1% on Thursday on expectations that a potential peace deal between Ukraine and Russia would end sanctions that have disrupted supply flows, while crude inventories rose in top producer the United States.
• Brent futures were down 81 cents, or 1.1%, at $74.37 US dollars a barrel,  while U.S. West Texas Intermediate (WTI) crude dropped 81 cents, or 1.1%, to $70.56 US dollars. (0735 GMT)
• Brent and WTI fell more than 2% on Wednesday after U.S. President Donald Trump said Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy expressed a desire for peace in separate phone calls with him, and Trump ordered top U.S. officials to begin talks on ending the war in Ukraine.
• Russia is the world's third-largest oil producer and sanctions imposed on its crude exports as a result of its invasion of Ukraine nearly three years ago have supported higher prices.
• Gold gained on Thursday as markets tracked U.S. President Donald Trump's tariff plans, which could further escalate a global trade war, ahead of another set of inflation readings from the U.S. after its consumer prices jumped in January.
• Spot gold added 0.5% to $2,918.00 US dollars per ounce, moving back towards its record peak of $2,942.70 US dollars hit on Tuesday. U.S. gold futures firmed 0.6% to $2,945.40 US dollars. (0750 GMT)
   
• Stock futures were pointing to further losses on Thursday, as investors focused on stubborn U.S. inflation rather than the start of peace talks to end Russia's war with Ukraine.
• Producer price data due Thursday are set to give the market another update about how the central bank’s battle against inflation is going.
• Stocks had tumbled after the Consumer Price Index (CPI)  report was published and looked set to slide again Thursday.  As of the time of the Cambodian market’s closing, Futures tracking the Dow Jones Industrial Average were down 80 points, or 0.2%. S&P 500 futures also fell 0.2%, and Nasdaq 100 futures slid 0.1%.

Watch the 13 February 2025 market update in Khmer below: