Original report from Phnom Penh
03 November 2009
At least eight private companies are prepared to enter Cambodia’s nascent stock exchange, some as soon as it opens and others a few years down the road.
Thy Khemara, a research analyst for Tong Yang Security, which is preparing private companies and state enterprises for the bourse, said at least two or three companies will be ready when the exchange opens, while five or six others “would be able to do so after the stock exchange is running for a few years.”
More than 70 companies met in Phnom Penh last week to study the processes of a bond market, including the banks Cambodia Public, Acleda, First Commercial, Maruhan Japan, Vattanak and OSK Indochina; the micro-lenders Amret and Hatha Kakekar; and Camintel and Forte Insurance.
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