Sign up | Log in



Home  >>   Daily News  >>   Cambodia >> Economy >>PPAP seeks to generate $6.4M in IPO
NEW UPDATES Asean Affairs  12 October  2015  

PPAP seeks to generate $6.4M in IPO

Sat, 10 October 2015

The state enterprise that operates Cambodia’s second-largest port is looking to raise up to $6.4 million in its initial public offering (IPO) and float 20 per cent of its shares on the stock market in December, according to a company draft prospectus released yesterday.

Phnom Penh Autonomous Port (PPAP) will issue a total of 4.1 million shares at a price to be fixed following a three-day book-building session scheduled to begin on October 19. Some 1.7 million shares, about 40 per cent of the issue, will be offered to institutional investors participating in the book build.

Yuanta Securities, the underwriter for the IPO, has set the price band from 4,405 riel to 6,320 riel (approximately $1.08 to $1.55) per share. With that, PPAP expects the proceeds from the share offering to be between $4.4 million and $6.4 million, before deducting listing and accounting expenses.

Upon completion of the book building, PPAP and its underwriter will set the price at which shares will be sold to investors, and determine the allocation. The subscription period will run from November 12 to 17 ahead of the listing on the Cambodia Securities Exchange (CSX), scheduled for December 11, according to the prospectus.

Stephen Higgins, managing partner of investment firm Mekong Strategic Partners, said PPAP’s short book-build period should not have any significant impact on the share’s valuation.

“The short book-build period should be sufficient to determine the IPO price, and seems a sensible way of going about it,” he said. “Yuanta and other brokers have already been out marketing the IPO, so increasing the book-build period wouldn’t necessarily result in many more investors coming in.”

He said the stock should also appeal to retail investors, as it is supported by the PPAP’s revenue potential and significant land holdings. Moreover, the company is sweetening its IPO by offering investors a government-guaranteed 5 per cent dividend yield on the initial share price.

The share issue will represent a free float of 20 per cent of PPAP’s total issued shares, with 10 per cent of this float reserved for the company’s employee stock ownership plan.

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

Today's  Stories                           October 12 , 2015 Subsribe Now !
Property market looks for TPP edge Subcribe: Asean Affairs Global Magazine
• VPBank opens to foreign investors
• Siemens sets sights on govt’s mega power plant project  
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Thailand expects 7 million Chinese tourists in 2015
• PPAP seeks to generate $6.4M in IPO
Asean Analysis                   September 24, 2015
• Asean Analysis September 24, 2015
Advertise Your Brand

Asean Stock Watch  October 9,   2015
• Asean Stock Watch-October 9, 2015
The Biweekly Update
• The Biweekly Update September 18, 2015

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






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

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

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand