Listing of CAMGSM Plc.
Profile
CAMGSM Plc. was listed on the Cambodia Securities Exchange on 27 June 2023.
CAMGSM Plc. (the Company) and its wholly owned subsidiaries are the companies established in the Kingdom of Cambodia under the Law on Foreign Investment. The Company was formed on 20 April 1996 having Royal Millicom Co., Ltd (RMC) with its principal office at 246 H-I, Monivong Boulevard, Sangkat Boeung Raing, Khan Daun Penh, Phnom Penh as its holding company. The principal activities of the company are to (a) Install and operate any and all equipment and machinery used in connection with the operation of the mobile cellular telephone network in the entire Kingdom of Cambodia and all products which are ancillary, complementary, or component parts of such equipment; and (b) Market and sell any telecommunications product and/or service of CAMGSM.
For more information, please visit www.cellcard.com.kh.
Company
About CAMGSM Plc.
Launched in 1997, CAMGSM is Cambodia’s longest-serving and reputed for its long history of first-to-market innovations, outstanding customer service, and the fastest, most reliable mobile network. Considered as one of the biggest telecom companies in Cambodia, CAMGSM services over four million customers with nationwide coverage and an extensive distribution network. The following are the key milestones of the Company:
- Introduced the first prepaid service name CELLcard in 1998
- Introduced first mobile payments service, Cellcard Cash in 2010
- Won Asia’s Best Employer Brand Award 2012, 2013, 2014, 2015, and 2016
- Made it to Silicon Review’s 50 Most Valuable Brands in 2021
- Won International Business Magazine Award for “2022 Best Esports and Arcade Games Platform on the back of Playgame Unlimited in 2022”
- Won Speed-test Award for “Fastest Mobile Network in Cambodia” for the 2023 and 2024 from Ookla
- Won "Cambodia’s Fastest Download Speed Experience” at Mobile World Congress (MWC) in Barcelona by the world-renowned independent analytics company, Opensignal
Board of Directors
| Board of Directors (As of 27 June 2023) | Title |
|---|---|
| 1. Neak Oknha Kith Meng | Chairman |
| 2. Mr. William Mark Hanna | Non-Executive Director |
| 3. Mr. Paul Carey Clements | Non-Executive Director |
| 4. Mr. Christopher Donald Tiffin | Non-Executive Director |
| 5. Ms. Hep Seka | Independent Director |
Substantial Shareholders
| Shareholder | Nationality | Number of Shares | % of Shares |
|---|---|---|---|
| Royal Millicom Co., Ltd. | Cambodian | 1,930,500,000 | 98.53% |
| Total | - | 1,930,500,000 | 98.53% |
Dividend Policy
As an incentive to the public investors, an annual guaranteed dividend yield of 7% to the shareholders who are the CAMGSM’s customers and non-resident of Class A voting shares has been adopted. For the avoidance of doubt, Class B voting shares holders and Class A voting shares holders who are not CAMGSM’s customers and resident shall not be entitled to the minimum guaranteed dividend. The shareholders who are the CAMGSM’s customers and non-resident of Class A voting shares shall be guaranteed an annual dividend yield of 7%, of the total number of shares held as of the day immediately preceding the ex-dividend date multiplied by the initial public offering price for the period of 5 years, payable quarterly (both cash/ non-cash dividend), effective after a 3-month period from listing date. After 5 years of minimum guaranteed dividend, all types of Class A voting shareholders are entitled to dividend declared by the shareholders of CAMGSM without any restriction for shareholders who are not CAMGSM’s customers and resident
Listing Information
| Company Name | CAMGSM Plc. |
|---|---|
| Symbol | CGSM |
| ISIN Code | KH1000220009 |
| Industry | Telecommunication |
| Type of Listed Share | Class A Voting Shares |
| Listed Shares | 1,959,271,206 |
| Listing Date | 27 June 2023 |
| Inception Year | 1996 |
| Number of Staff | 527 |
| Underwriter | SBI Royal Securities Plc., |
| First Trading Date | June 27, 2023 |
| IPO Price | 2,270 |
| Par Value | 300 |
| Newly Issued Shares | 9,271,206 |
| First Closing Price | 2,360 |
Trading Data Summary
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Market Capitalization | 4,878,585 | 4,761,029 | 5,152,883 | - | - |
| Last Price | 2,490 | 2,430 | 2,630 | - | - |
| Average Price | 2,440.00 | 2,467.00 | 2,577.00 | - | - |
| High | 2,560 | 2,650 | 3,630 | - | - |
| Low | 2,360 | 2,310 | 2,260 | - | - |
| Trading Value per Day | 12.50 | 25.00 | 128.00 | - | - |
| Turnover Ratio | 4.35% | 27% | 67% | - | - |
| P/E | 131.05 | 43.00 | 16.00 | - | - |
| P/BV | 4.03 | 4.01 | 4.67 | - | - |
| Dividend Yield | 6.38 % | 6.54 % | 6.04 % | - | - |
| Dividend Payout Ratio | 1.75% | 1.46% | 0.45% | - | - |
| Cash Dividend per Share | 158.90 | 158.90 | 158.90 | - | - |
| ROE | 1.01 % | 9.00 % | 35.00 % | 28.00 % | - |
| ROA | 0.44 % | 4.00 % | 13.00 % | 7.00 % | - |
| Debt Ratio | 94.00 % | 55.00 % | 21.54 % | 4.07 % | - |
| Current Ratio | 285.00 % | 337.00 % | 62.87 % | 74.45 % | - |
Financial Summary
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Assets | 3,128,675.00 | 2,654,962.00 | 2,560,996.00 | 2,480,139.00 | 2,451,939.00 |
| Property, Plant & Equipment | 544,240.00 | 421,840.00 | 355,338.00 | 375,868.00 | 421,102.00 |
| Current Assets | 1,980,796.00 | 1,734,972.00 | 139,581.00 | 35,743.00 | 64,887.00 |
| Inventory | 3,650.00 | 2,423.00 | 3,150.00 | 3,717.00 | 3,455.00 |
| Accounts Receivable | 13,870.00 | 16,372.00 | 14,586.00 | 14,031.00 | 16,182.00 |
| Cash | 408,909.00 | 149,246.00 | 107,441.00 | 11,788.00 | 33,942.00 |
| Total Equity | 1,209,747.00 | 1,197,881.00 | 1,103,458.00 | 768,348.00 | 595,036.00 |
| Share Capital | 589,692.00 | 591,455.00 | 600,272.00 | 20,585.00 | 20,370.00 |
| Retained Earnings | 615,132.00 | 599,701.00 | 487,807.00 | 738,528.00 | 572,713.00 |
| Total Liabilities | 1,918,928.00 | 1,457,081.00 | 1,457,538.00 | 1,711,791.00 | 1,856,903.00 |
| Current Liabilities | 1,918,928.00 | 514,403.00 | 647,865.00 | 877,261.00 | 835,529.00 |
| Accounts Payable | 35,767.00 | 50,340.00 | 208,274.00 | 315,159.00 | 277,984.00 |
| Revenue | 701,051.00 | 700,481.00 | 747,431.00 | 781,610.00 | 694,458.00 |
| EBIT | 139,506.00 | 187,628.00 | 199,034.00 | 217,865.00 | 133,122.00 |
| Net Income | 13,659.00 | 103,394.00 | 325,528.00 | 173,097.00 | 116,526.00 |
| EPS | 8.00 | 57.00 | 166.00 | - | - |
| Operating Cash Flow | 262,195 | 192,491 | 313,857 | 330,148 | 201,230 |
| Investing Cash Flow | (175,930) | (129,576) | (70,814) | (46,207) | (54,565) |
| Financing Cash Flow | 173,716 | (19,032) | (146,711) | (306,288) | (142,583) |
| Net Cash Flow | 259,981 | 43,883 | 96,332 | (22,347) | 4,082 |
| Auditing Firm | Baker Tilly (Cambodia) Co., Ltd. | Baker Tilly (Cambodia) Co., Ltd. | - | - | - |
* Data as of the end of 2023 unless otherwise stated.
Disclosures
- 21 September 2026[Disclosure] Change of Board of Director (Unofficial Translation)
- 21 September 2026[Disclosure] Press Release on the Minutes of the General Shareholders’ Meeting (Unofficial Translation)
- 26 August 2026[Disclosure] Decision on Dividend Distribution (Unofficial Translation)
- 25 August 2026[Disclosure] Announcement on Amendment to the Notice of the Extraordinary General Meeting of Shareholders of CAM GSM PLC., Published on August 17, 2026 (Unofficial Translation)
- 17 August 2026[Disclosure] Change of Management with Decision Power (Unofficial Translation)
- 17 August 2026[Disclosure] Second Quarterly Report of 2026 of CAMGSM PLC. (Unofficial Translation)
- 17 August 2026[Disclosure] Decision on Organizing of General Shareholders Meeting (Unofficial Translation)
- 18 May 2026[Disclosure] The First Quarterly Report 2026 of CAMGSM PLC. (Unofficial Translation)
- 15 May 2026[Disclosure] Increase in Profit / Loss (Unofficial Translation)
- 13 April 2026[Disclosure] Decision on Dividend Distribution (Unofficial Translation)
Source: Cambodia Securities Exchange (CSX) — csx.com.kh