Regrets the error

Observations from Cambodia and beyond.

The Khmer Times tells us that the Cambodian Stock Exchange is off to a strong start in 2019. And that is true. The CSX is up more than 9% in three trading days this year, according to CSX data.

But then there’s this:

Meanwhile, industrial land developer Phnom Port Special Economic Zone PLC (PPSP) was the most active counter with 16,286 shares transacted. The stock rose 100 riel or 3.45 percent to close at 3,000 riel for a market capitalisation of $53.40.

State-owned Sihanoukville Autonomous Port (PAS) grew 120 riel or 1.15 percent, closing at 10,580 riel, giving it a market capitalisation of $224.72.

Face-plant.

 

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