Home Listing - Trading Registration

Slow start for GTI as public firm

Jun 20th at 10:54
20-06-2014 10:54:42+07:00

Slow start for GTI as public firm

Grand Twins International (GTI) ended trading yesterday with a slight decline.

The newly listed company was changing hands at 9,480 riel ($2.36) per share at the 1pm close, down from 9,640 riel ($2.40) at the morning’s opening.

Douglas Clayton, CEO of investment firm Leopard Capital, said GTI’s slow start may be linked to volatility in the sector. Clayton pointed to Hong Kong-owned garment factory Yu Feng, which suddenly closed its doors and went out of business last week.

“[GTI] sounds like a progressive company, just in the wrong sector to serve as the CSX stalwart,“ Clayton said.

GTI is just the second company to list on the local bourse, following state-owed Phnom Penh Water Supply Authority’s listing in 2012.

The garment maker is the first ever private company to go public in Cambodia.

GTI shares fell almost 5 per cent on the firm’s first day of trading on Monday after launching at $2.41 per share.

phnompenh post

MOST READ

NEWS SAME CATEGORY

Two’s company at CSX
LISTING - TRADING REGISTRATION Jun 16th at 13:27

Two’s company at CSX

It may not have all the glitter, adrenaline or the iconic tolling bell of Wall Street, but today, the usually deserted Cambodian Stock Exchange (CSX) will be a hive...

Grand Twins’ listing date official, but late
LISTING - TRADING REGISTRATION Jun 9th at 14:24

Grand Twins’ listing date official, but late

The Cambodian Stock Exchange (CSX) has approved Grand Twins International’s (GTI) final submission of IPO documents and issued an official listing date of June 16.

Grand Twins confirms listing next month as CSX papers delayed
LISTING - TRADING REGISTRATION May 29th at 13:21

Grand Twins confirms listing next month as CSX papers delayed

The date of Taiwanese garment manufacturer Grand Twins International’s listing on the Cambodia Stock Exchange (CSX) has been pushed back due to delays in the...

Garment maker to list at $2.41 per share
LISTING - TRADING REGISTRATION Apr 25th at 21:32

Garment maker to list at $2.41 per share

Grand Twins International, Cambodia’s second stock exchange listing, will list at the lower end of its expected buy-in range, an announcement on the Phnom Penh...

Grand Twins sets listing date
LISTING - TRADING REGISTRATION Mar 13th at 11:05

Grand Twins sets listing date

Taiwanese garment manufacturer Grand Twins International says it will officially list and start trading on the Cambodia Stock Exchange (CSX) on May 8 after spending...

Cambodian Vtrust plans CSX floating
LISTING - TRADING REGISTRATION Mar 27th at 22:41

Cambodian Vtrust plans CSX floating

Local real estate company Vtrust Property Group plans to engage an underwriter in as little as two years to help it list on the Cambodia Stock Exchange, the...

Telecom Cambodia fails in bid to list on CSX
LISTING - TRADING REGISTRATION Mar 18th at 11:28

Telecom Cambodia fails in bid to list on CSX

State-owned fixed-line company Telecom Cambodia’s (TC) plan to join the Cambodia Securities Exchange (CSX) has been postponed indefinitely due to poor financial...

Two factories hope to list on CSX
LISTING - TRADING REGISTRATION Sep 19th at 12:59

Two factories hope to list on CSX

The next two stocks to be listed on the Cambodia Securities Exchange will probably be Taiwan-owned garment factories, according to market insiders.

Real estate firm ready for CSX listing
LISTING - TRADING REGISTRATION Jul 6th at 13:00

Real estate firm ready for CSX listing

Bonna Realty Group will prepare to list on the Cambodia Securities Exchange, the company’s president said this week.

Read More

MOST READ

Back To Top