According to a statement from His Excellency Hong Sok Huar, Secretary of State and Director General of the CSX, the average daily trading volume on the Cambodian stock market has notably increased in recent years, reaching up to $500,000 daily. However, this figure remains relatively low compared to the stock markets of neighboring countries such as Vietnam and Thailand.
Nevertheless, His Excellency is confident that the average daily trading volume on the Cambodian stock market will rise to $1 million in the near future. This anticipated result will require support from all members of the Cambodian stock market, and the signing of the MoU between Cambodia Securities Plc and ASC Securities Plc is seen as a significant and promising start for 2023.
According to Mr. Pan Chu Yun, General Manager of Cambodia Securities Plc, as a member of the Cambodian stock market, Cambodia Securities Plc has a duty to contribute to the development and promotion of the Cambodian stock market. The company has a professional team with extensive experience in the securities sector both domestically and internationally, including in Hong Kong, Taiwan, Singapore, and Cambodia.
Furthermore, Mr. Pan Chu Yun himself has over 20 years of experience in the securities industry, including roles in underwriting, investment, and asset management in the United States, Hong Kong, and Taiwan. He is also a fund manager for a joint venture fund established by Chinese banks and the Shanghai municipal government.
Mr. Pan Chun Yun also stated that since the second half of 2022, many countries have eased COVID-19 restrictions and have begun investing again in other countries. This is ex pected to spur economic activity in Cambodia as well. Alongside the potential end of rising U.S. dollar interest rates, these factors create a positive outlook for the stock market and other sectors in 2023.
Cambodia Securities Plc will continue to provide high-quality securities services to support the growth of various sectors in Cambodia. This includes business financing, public share issuance, private share issuance, mergers and acquisitions, and fund management. Additionally, the company offers analytical reports and research on key sectors in Cambodia, including stock market research and weekly market reports, which assist investors in making informed decisions. Currently, Cambodia Securities Plc is advising several companies on public share issuance and private bond offerings.
Mr. Darren Teng, Chairman of Cambodia Securities Plc, announced the official launch of Cambodia Securities Plc, scheduled for February 11, 2023, with participation from many foreign investors from the Asia region. Furthermore, Cambodia Securities Plc is establishing a fund to support pre-IPO phases and a real estate fund to directly address the needs of various sectors in Cambodia. The company is also working on creating a fund to act as a market maker, providing liquidity for companies that have agreements with Cambodia Securities Plc.
