Stock Exchange Cambodia is scheduled to open in early of 2010. The draft legislation on corporate bonds is currently under process of finalizing according to Prime Minister Hun Sen.
KRX, which runs South Korea's stock market and has assisted in the development of Vietnam's financial markets, is seeking a 51 percent share of Cambodia's stock market. Before listing on the stock market, enterprises must improve their accounting systems and gain the confidence of citizens by making themselves more transparent.
According to the International Monetary Fund, Cambodia’s finance sector is growing gradually. A number of new banks were established in the country and bank loans and deposits are increasing by around 40 percent.
Cambodia also secured a B+ rating for long-term foreign and local currency government notes from Standard & Poor’s. Standard & Poor’s also awarded a short-term foreign and local currency rating of B. Moody’s assigned a foreign currency notes ceiling of B1, a foreign-currency ceiling for bank deposits of B3, and a local currency notes ceiling and a local currency deposit ceiling of Ba1.
Few Stocks to focus;
i. Telecom Cambodia
ii. Sihanoukville Autonomous Port
iii. Phnom Penh Autonomous water Supply Authority
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