After decades of political mismanagement and civil war, Cambodia has recently begun to capitalize on its economic potential. Since adopting free-market economic policies in the 1990’s and increasing its integration within the international community, Cambodia’s economy has flourished. From 1998 to 2007, Cambodia’s GDP growth ranked sixth in the world (9.8%) and fastest in the Far East after China. Cambodia’s continued upward trajectory will be driven by several factors. Cambodia is resource-rich with newfound offshore oil and gas deposits in the Gulf of Thailand and mineral deposits in the northern provinces. Tourism is also growing quickly, as Cambodia is home to pristine beaches, world-class cultural relics (Angkor Wat) and a burgeoning eco-tourism sector. Cambodia also benefits from a young and cheap workforce, and a growing middle-class.
Cambodia - GDP Growth Rate (%)
Cambodia - CSX Composite Index
The Cambodia Securities Exchange (CSX) was established on 11th July 2011 and is headquartered in Phnom Penh and there are currently 4 companies listed. The CSX held its first IPO of state-owned Phnom Penh Water Authority on 18th April 2012. The second listing on the CSX was Grand Twins International which listed on 16th June 2014 followed by Phnom Penh Autonomous Port on 9th December 2015 and Phnom Penh Special Economic Zone on 30th May 2016. The market capitalization was USD 188 million as of May 2017.
TY Fashion (Cambodia) Plc (www.tyfashion.com.kh) and Sihanoukville Autonomous Port are expected to list in 2017.
Cambodia Securities Exchange website: www.csx.com.kh
Grand Twins International (GTI) Quote
Phnom Penh Autonomous Port (PPAP) Quote
Phnom Penh Special Economic Zone (PPSP) Quote
Phnom Penh Water (PWSA) Quote