Cambodian Investment Management

Our CEO, Anthony Galliano, attended the American-Lao Business Association networking event "Meet the Ambassador" on May 14th at the Hard Rock Cafe Vientiane, where U.S. Ambassador to the Lao People’s Democratic Republic, Heather Variava was guest of honor. The Board took the opportunity to take an updated photo with the new Ambassador.

Our CEO, Anthony Galliano, honored to be Speaker and Panelist at "Climate Change Action" on the topic of "City Strategy: Global Urbanization vision, Sustainable, City Development Strategy" moderated by His Excellency Meas Sophal Under Secretary of State, Ministry of Environment.

Congratulations to T. Mohan and the Khmer Times on your 10th anniversary. Our CEO, Anthony Galliano met Minister of Information His Excellency Neth Pheaktra at the event and thanked him for his support.

B2B Cambodia The Portal for Business News in Cambodia Casey Barnett, The American Chamber of Commerce in Cambodia Association (AmCham) President and President of CamEd Business School, discusses the new General Department of Taxation Method and Procedures of Tax Audit for Tax Officials and Taxpayers and Manual in tax crime investigation for tax officials and tax payers. #cambodia #taxupdate #tax #audit #crimeinvestigation #sop #b2bcambodia #camedbusinessschool

B2B Cambodia with your Market Update for May 10th The Cambodia Securities Exchange Index extended its winning streak for the third straight trading day, rising .84 points to 414.58 on light volume of 224,111 shares trading hands with a value of USD 259K. Mengly J. Quach Education was today’s percentage gainer, up 30 Riel per Share to 2,210 Riel per share, a gain of 1.4%. The stock was the volume leader with 113,919 shares traded, continuing its upward momentum since its positive earnings report. Sihanoukville Autonomous Port lost 60 Riel per share or .5% to 12,400 Riel per Share on very light volume of 929 shares traded.  Today’s volume reflects lack of intensity and liquidity in the market. Of the 11 stocks traded on the Main Boad, 6 traded under 1,000 shares for the day.    In company news Mengly J. Quach Education released a disclosure statement “The increase in Revenue, Operating Profit and Net Profit.” In the disclosure the company compared its financial performance between Quarter 1, 2024, and Quarter 1, 2023, which demonstrated positive and significant growth. The revenue for Quarter 1, 2024, grew at a rate of 16.57%, compared to the revenue of Quarter 1, 2023.  Operating profit rose 21.03% increase, while net profit increased 6.56%. The growth in Revenue and Operating Profit was attributed to student enrollment and efficiency in expense utilization. Sihanoukville Autonomous Port informed investors and the public that their 1st Quarterly Report in 2024 will be delayed to May 30th, 2024 due to the busy schedule of His Excellency Delegate of The Royal Government in charge as Chairman & CEO and Chairman of the Board of Directors who was invited to attend the meeting at The Council of Ministers on May 10th, 2024, which is the date for the Board of Directors Meeting, now moved May 16th, 2024. In regional news, Amazon Web Services (AWS) on Tuesday said it will pump another $9 billion into Singapore over the next five years to grow its cloud infrastructure and services in the country. The firm has trained over 400,000 people in Singapore in cloud skills since 2017 and stated it will “continue to invest in upskilling and improve productivity” across the country. AWS laid out plans in October 2022 to launch a region in Thailand with a $5 billion investment over 15 years and in March last year said it will commit at least $6 billion by 2037 into a new region in Malaysia. AWS had opened a region in Jakarta in December 2021. Last week, Microsoft said it will make AI- and cloud-related investments in several Southeast Asian countries – Malaysia, Thailand and Indonesia – as it doubles down on the region.This is underlines the importance of U.S. investment, especially tech, especially in the tech sector, which presently Cambodia is not participating. Khmer Riel to USD unchanged at 4076 on a flat USD Index of 105.22. Brent Crude continues its rise, up .44 cents to 84.32 a barrel.

B2B Cambodia Market Update May 9th The Cambodia Securities Exchange Index rose for the second straight day, up 1.80 points to 413.74. Volume was moderate at 388,187 shares trading hands at a value of USD 541K, ACLEDA Bank Plc. Bank was the most active stock rising 120 Khmer Riel per share, or 1.6%, to 7,680 Khmer Riel per share. Sihanoukville Autonomous Port was among today’s winners gaining 160 Khmer Riel per Share, or 1.3%, to 12,450 Khmer Riel per Share on very light volume of 129 shares traded. On the downside Phnom Penh SEZ lost 20 Khmer Riel per Share to 2,020 Khmer Rile per Share.    In corporate news Grand Twins International notified investors and the public that there will be a delay in releasing its first quarter report to the Securities and Exchange Regulator due to public holidays. The report was due May 15th and will now be released May 27th. The stock was down .43% on light volume on the news. Telecotech Ltd. an issuer of two traded bonds, 800,00 issue size with a coupon of 4.5% maturing August 2026 and 820,800 issue size maturing December 2028, reported total 2023 revenues of USD 22.1 million down from 21.9 million in the prior year. Net Profit for the year was 491K, substantially down from 2m the in 2022. We will breakdown Telcotech’s financial report in a future segment. The USD to KHR Riel remains weak at 4076 Riel per USD on a slightly higher USD Dollar Index of 105.70, as the U.S. Federal Reserve holds U.S. rates steady with no change. Brent Crude on the rise at USD 84.23 a barrel, given a drop in U.S. inventories. Gold is trading at USD 2,319.60 an ounce, down USD 2.70. Dow Futures down 73 points, expecting a softer New York open as U.S. Treasuries yields move higher.

Spectacular gala night for the Cambodia Real Estate Awards, congratulations to Tom O'Sullivan and the Realestate.com.kh team. Tanncam Investment is proud to be a shareholder of the parent and I am honored to be a Director. Our CEO, Anthony Galliano enjoyed being a judge this year more than ever and thanks the judging team for being so committed to fairness and relentless pursual of all the facts and relevant data to make a educated and just decision on every award.

Cambodian Investment Management Holding and NASDAQ listed YY Group to tie up in Cambodia. Press announcement shortly.

B2B Cambodia Market Update for May 6th, 2024 Starting off this week, the Cambodia Securities Exchange (CSX) Index was down by 2.49 points, or 0.61%, to 408.8. Trading Volume was low at 207,251 shares changing hands at a trading value of around $261000 US dollars, or 1.06 billion Khmer Riel Like Friday last week, Grand Twins International saw the largest percent gain today, up 30 Riel per share, or 1.29% to 2,350 riel per share In contrast, ACLEDA Bank Plc.’s stock saw the largest percent loss, down 2.37% or 180 riel per share to 7,420 riel per share. Mengly J. Quach Education Plc. was down once again, a sign of profit-taking given the recent rise in the stock, by 1.35% or 30 riel per share to 2,190 riel per share The Sihanoukville Autonomous Port stock also saw a slight drop by 0.16%, while most other stocks saw some percentage increase, with the exception of Phnom Penh SEZ Plc. and Phnom Penh Water Supply Authority which remained the same. In other economic news, Mekong Strategic Capital published at the end of April breaking down the latest rebased figures for Cambodia’s GDP published in the IMF’s World Economic Outlook report based on a rigorous reassessment conducted by the National Institute of Statistics. The newly rebased figures show Cambodia’s GDP is just over 35% larger than previous GDP calculations. The big difference in these calculations, according to Mekong Strategic Capital, is due to the new estimates using 2014 as the base calculation year, while previous estimates used the year 2000 as the base and the Cambodian economy certainly looked very different 23 years ago. For that reason, the previous GDP estimates did not properly reflect the major transformations the Cambodian economy would undergo. What impact will this rebasing have? Well the report concludes that it will mostly be around perception, but positive impacts of a change perception include fall in high private debt to GDP ratio, even lower public debt levels, and an increase in GDP per capita by around 35% putting Cambodia around 5 years closer to achieving upper-middle income status Moving on to the exchange rate, Khmer Riel to USD rose to 4,072, with the US dollar index hovering around 105.09 Brent Crude Oil fell ever so slightly to 83.59 USD a barrel from last Friday, while Gold rose to 2,325.6 US dollars an ounce. Dow Jones Industrial Average futures rose 30 points, or around 0.1%, while S&P 500 futures were 0.1% higher and Nasdaq-100 futures were flat.

First day wrap up of Moores Rowland Regional Working Group Meeting . Great Team with superior competency in Accounting, Auditing, Tax, and Payroll. Our CEO, Anthony Galliano, will present the Opportunities in Cambodia today, as they are not yet present.