Sign up | Log in



Home  >>   Daily News  >>   Cambodia News  >>   Capital Markets  >>   Cambodia’s first securities issue attracts considerable interest
NEWS UPDATES Asean Affairs   19 April  2012

Cambodia’s first securities issue attracts considerable interest

19 April, 2012

Cambodia's first securities issue, an offering of shares in Phnom Penh Water Supply Authority, has attracted considerable interest among foreign investors, market sources said.

Svay Hay, director of Acleda Securities Plc, a unit of Acleda Bank Plc which was transfer agent for the issue, said foreigners accounted for around a third of the subscription in the primary market. He said these investors were mainly from China, South Korea, Japan, Vietnam and Europe.
Foreigners may be attracted to the Cambodian market because of its openness, he said. Under local market rules, only 20 per cent of shares issued have to be allocated to domestic investors with foreigners allowed to take up to 80 per cent.

Once source, who asked not to be named, said foreigners bought at least 50 per cent of the shares that changed hands yesterday, the first day of trading at the Cambodia Securities Exchange with turnover of 8.2 billion riel (US$63 million).

Ghanty Sam, a finance professor, said Cambodia needed more local investors to promote market stability, noting that foreigners can quickly withdraw their funds from Cambodia.

"It's better that we have more Cambodian investors who are long-term investors," he said, adding that local awareness of the market needed to be raised to attract domestic interest.

Underwritten by South Korea's Tong Yang Securities (Cambodia) Plc, the Phnom Penh Water issue was equivalent to 15 per cent of the utility's capital. The remaining 85 per cent is held by the Ministry of Economy and Finance.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    19  April   2012 Subsribe Now !
• Asean- India services pact runs into a wall
Subcribe: Asean Affairs Global Magazine
• IMF revises down Indonesia’s growth  Asean Affairs Premium

• Dep Gov urges calm after Phuket

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Sino-Thai financial ties growing stronger
• Thai wage increase policy affecting industries
• Philippines warns Chinese vessels to back off
• Cambodia’s first securities issue attracts
• Foreign investments in Vietnam needs



Asean Analysis              19  April   2012

Advertise Your Brand
• Asean Analysis- April 19, 2012  
• Asean Analysis- April 14, 2012 Sponsor Our Events

Asean Stock Watch     19  April   2012 

• Asean Stock Watch-April 19, 2012 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand