The government has granted a huge tax incentive to companies listed on the Cambodia Securities Exchange (CSX) – a 50 per cent reduction on income tax and eliminating all tax debt if the firms are listed on the CSX within three years from now.
The Cambodia Securities Exchange (CSX) market capitalisation rose more than 40 per cent last year from 2017, mostly boosted by the rise in the Sihanoukville Autonomous Port (PAS) share price, the CSX said.
The Cambodia Security Exchange (CSX) held a workshop on Tuesday seeking to attract more financial institutions into the country’s burgeoning stock market.
The Cambodia Securities Exchange’s (CSX) market index showed an increase of more than 22 per cent at the end of this year compared to the beginning of the year, closing at 416.3 points on Friday. According to a CSX announcement, its market index is up from 340.22 points in the beginning of the year.
The Kingdom’s sole stock market saw its investors double in the second half of this year compared to the first half, said a Cambodia Securities Exchange (CSX) press release on Tuesday.
Industry insiders say it is better to use the US dollar in trading transactions when corporate bonds are issued for the first time in the Cambodian securities market next year. This, they say, will help grow the sector faster.
Cambodia’s Securities Exchange (CSX) will conduct a training session early next month called “Analysis of Listed Companies”, seeking to improve understanding of the securities sector, an announcement said on Thursday.
The Cambodia Securities Exchange (CSX) is to launch a forum to boost public understanding of the securities sector in the Kingdom, according to a press release issued on Monday.
The head of the Cambodia Securities Exchange (CSX) on Wednesday urged businesses in the Kingdom to consider utilising private equity funds, saying it would help them grow faster and make it easier for them to list on the exchange in the future.
The Cambodia Securities Exchange (CSX) has shown gradual declines in average net profit margins of its five listed companies over the past three years.