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Cambodia Securities Market Overview

In: Business and Management

Submitted By mikec001
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Cambodia Securities Market Overview

While banks have been the main source of funding for businesses in Cambodia, this will soon change with the opening of securities markets. Cambodia officially launched a stock exchange on 11 July 2011. The Cambodia Securities Exchange (CSX) is a joint venture between the Cambodian Ministry of Economy and Finance, which controls 55%, and the Korea Exchange (KRX), which holds 45%.

The Regulator:

The Securities and Exchange Commission of Cambodia (SECC) regulates the Cambodia Securities Exchange (CSX) in Cambodia . The SECC is established under the law on The
Issuance and Trading of Non-government Securities.

Requirements for listing on the CSX (Prakas):
Prakas are regulations that are issued by the SECC. The SECC had issued 23 major Prakas as of July 2012.

Companies Considering Listing:
Three state owned enterprises, Sihanoukville Autonomous Port (SAP), Telecom Cambodia (TC) and Phnom Penh Water Supply Authority (PPWSA) have been selected to list on the exchange. On 18 April 2012, Phnom Penh Water Supply Authority has been officially listed on the CSX while the other two SOEs still in progress.In addition, two private companies - TY Fashion (Cambodia) and Grand Twins International (Cambodia) have planned to list on the CSX and the IPO works are in progress. More than 10 other private firms and two more state-owned companies have expressed intentions to list on the CSX.

Key Operating Rules
Market hours, trading times
Market is open from 8:00 am to 11:30 am, Mon-Fri, with trades executed twice daily, 9:00 am and 11:30 am

Minimum trading unit
Price variance is set as follows:
1) KHR50 for a share price KHR50K per share;
2) KHR250 for a share price equal or above KHR50K but below KHR500K per share;
3) KHR500 for a share price equal or above KHR500K.
Minimum trading unit is one share.

Daily price...

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