Listing of Royal Group Phnom Penh SEZ Plc.
Profile
Royal Group Phnom Penh SEZ Plc. was listed on the Cambodia Securities Exchange on 30 May 2016.
Royal Group Phnom Penh SEZ, Plc (“PPSP”) is the developer and operator of Royal Group Phnom Penh Special Economic Zone Royal Group Kandal Special Economic Zone and Royal Group Poipet Special Economic Zone.
PPSP received the approval as a developer and operator of a multi-product SEZ from the Royal Government of Cambodia on 19 April 2006, on an SEZ in the proximity of Phnom Penh, the capital of Cambodia, with the main purpose of developing industrial land for sale/lease. It is also involved in supplying other relevant services and facilities within Royal Group Phnom Penh Special Economic Zone such as supply and distribution of treated water, rental service, infrastructure maintenance, advisory service and administration support, wastewater treatment and other services. Royal Group Phnom Penh Special Economic Zone is one of the leading SEZ in terms of the number of zone investors, total investment amount, and the number of workers among all the approved SEZs in Cambodia and is one of the largest SEZs in Cambodia by land size with a land size measuring approximately 357.32 HA.
For more information, please visit www.ppsez.com.
Company
About Royal Group Phnom Penh SEZ Plc.
In 2023, there are investors who are from 14 different nationalities which majority are from Japan, Malaysia, Taiwan, China, USA, Singapore, Vietnam and South Korea in wide-range industries such as automobile part, garment, food and beverage, plastic products, electronic products, and jewelry. In 2023, the profit after taxation is 32,375,921,000 KHR which is higher than a profit after taxation of 8,596,473,000 KHR in 2022. PPSP still remain strong with its financial position as PPSP has the total asset of 466,999,562,000 KHR in 2023 compared to the total asset of only 444,493,012,000 KHR in 2022.
As of 31 December 2023, it is one (1) out of eleven (17) operating SEZs (from a total of thirty-four (34) approved SEZs) in Cambodia. In addition, as of 31 December 2023, Royal Group Phnom Penh Special Economic Zone is one of the leading SEZ in terms of the number of zone investors, total investment amount, and the number of workers among all the approved SEZs in Cambodia and is one of the largest SEZs in Cambodia by land size with a land size measuring approximately 357.32 HA. Royal Group Phnom Penh Special Economic Zone has a diverse investor (102) base, with 14 nationalities from Japan, Singapore, Malaysia, Taiwan, Korea, Philippine, China, Vietnam, Turkey, USA, Cambodia, and Thailand that invest in different industry such as machinery parts, garment, food and beverage, etc. As for the future plan, Royal Group Phnom Penh Special Economic Zone plans to continue with the commencement of expansion and sale of additional land, major infrastructure of Royal Group Phnom Penh Special Economic Zone’s plan and facility work for other Royal Group Phnom Penh Special Economic Zone’s services.
Board of Directors
| Board of Directors (as of 31 Dec 2021) | Title |
|---|---|
| 1. Neak Oknha Kith Meng | Non-Executive Chairman |
| 2. Mr. Hiroshi Uematsu | Executive Director and CEO |
| 3. Mr. Billy Kang | Independent Director |
| 4. Mr. Hiroshi Otsubo | Non-Executive Director |
| 5. Mr. William Mark Hanna | Non-Executive Director |
| 6. Ms. Hep Seka | Independent Director |
| 7. Dr. Eakapong Tungsrisanguan | Non-Executive Director |
Substantial Shareholders
| Shareholder | Nationality | Number of Shares | % of Shares |
|---|---|---|---|
| INTER LOGISTICS (CAMBODIA) CO., LTD | Cambodian | 32,248,208 | 45.09% |
| JWD INFOLOGISTICS PUBLIC COMPANY LIMITED | Thai | 10,449,020 | 14.61% |
| ZEPHYR CO.,LTD | Japanese | 10,134,333 | 14.17% |
| NG LIAN SOON | Singaporean | 6,465,376 | 9.04% |
| Total | - | 59,296,937 | 82.91% |
Dividend Policy
The Board has adopted the profit plough back policy, for the FY 2015 and onwards, according to which the ability to pay dividends or make other form of distributions to shareholders will depend upon a number of factors, including but not limited as the following:
(i) The financial position including cash flow and liquidity position, gearing and surplus of group;
(ii) The expected financial performance including profitability condition of the group;
(iii) The availability of the working capital including funds allocation for capital expenditures and future investment plans of the group; and
(iv) The existing and future debt obligations and interest expenses of the group.
Following consideration as stated in points (i) to (iv) above, the company targets a dividend payout ratio of not less than 20% of consolidated profit attributable to the company's equity holders under the guidance of CIFRS. Investors should note that this dividend policy merely describes the company's present intention and shall not constitute legally binding statements in respect to its future dividends that are subject to modification (including non-declaration thereof) at the Board's discretion.
Listing Information
| Company Name | Royal Group Phnom Penh SEZ Plc. |
|---|---|
| Symbol | PPSP |
| ISIN Code | KH1000050000 |
| Industry | SEZ Developer |
| Type of Listed Share | Voting Shares |
| Listed Shares | 143,039,294 |
| Listing Date | 30 May 2016 |
| Inception Year | 2006 |
| Number of Staff | 140 |
| Underwriter | 1. SBI Royal Securities Plc.2. Campu Securities Plc.3. Cana Securities Ltd. |
| First Trading Date | Mon, 30 May, 2016 |
| IPO Price | 2,860 |
| Par Value | 2,000 |
| Newly Issued Shares | 97,094,647 |
| First Closing Price | 2,890 |
Trading Data Summary
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Market Capitalization | 148,781 | 155,969 | 156,688 | 171,781 | 148,781 |
| Last Price | 2,070 | 2,170 | 2,180 | 2,390 | 2,070 |
| Average Price | 2,111.00 | 2,192.00 | 2,286.00 | 2,380.00 | 1,943.76 |
| High | 2,230 | 2,430 | 2,430 | 2,390 | 2,420 |
| Low | 2,000 | 1,990 | 2,100 | 2,370 | 1,160 |
| Trading Value per Day | 28.63 | 28.27 | 13.14 | 294.02 | 344.54 |
| Turnover Ratio | 29.95% | 26% | 12% | 23% | 29% |
| P/E | 4.59 | 9.96 | 5.07 | 8.88 | 17.91 |
| P/BV | 0.49 | 0.56 | 0.62 | 0.67 | 0.60 |
| Dividend Yield | 4.40 % | - | 4.82 % | 3.00 % | - |
| Dividend Payout Ratio | 20.00% | - | 24.00% | 56.00% | - |
| Cash Dividend per Share | 76.06 | - | 106.98 | 67.22 | - |
| ROE | 10.68 % | 6.00 % | 12.73 % | 3.37 % | 3.27 % |
| ROA | 7.35 % | 3.51 % | 6.90 % | 1.82 % | 1.98 % |
| Debt Ratio | 45.00 % | 38.59 % | 45.85 % | 16.11 % | 39.41 % |
| Current Ratio | 263.53 % | 241.11 % | 199.73 % | 213.62 % | 289.55 % |
Financial Summary
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Assets | 442,610.00 | 442,193.00 | 467,000.00 | 472,057.09 | 426,234.00 |
| Property, Plant & Equipment | 54,948.00 | 50,054.00 | 59,938.00 | 72,816.72 | 71,914.23 |
| Current Assets | 266,455.00 | 277,723.00 | 287,795.00 | 277,724.83 | 260,068.33 |
| Inventory | 70,082.00 | 85,908.00 | 122,886.00 | 168,823.52 | 148,982.66 |
| Accounts Receivable | 103,195.00 | 1,351,176.00 | 146,023.00 | 87,346.93 | 87,798.61 |
| Cash | 66,424.00 | 56,132.00 | 16,941.00 | 17,605.48 | 23,287.05 |
| Total Equity | 304,764.00 | 277,900.00 | 253,712.00 | 254,763.19 | 248,002.97 |
| Share Capital | 143,750.00 | 143,750.00 | 146,805.00 | 147,954.69 | 146,409.38 |
| Retained Earnings | 144,161.00 | 117,026.00 | 88,306.00 | 88,009.55 | 82,982.00 |
| Total Liabilities | 137,846.00 | 164,293.00 | 213,287.00 | 217,293.90 | 178,231.03 |
| Current Liabilities | 137,846.00 | 115,187.00 | 144,093.00 | 130,010.06 | 89,818.24 |
| Accounts Payable | 53,014.00 | 60,104.00 | 118,525.00 | 106,708.68 | 74,497.59 |
| Revenue | 164,882.00 | 53,131.00 | 254,694.00 | 107,318.60 | 117,767.49 |
| Gross Profit | 70,614.00 | 34,285.00 | 75,012.00 | 42,818.64 | 44,716.55 |
| EBIT | 38,127.00 | 25,102.00 | 40,978.00 | 16,076.64 | 18,638.71 |
| Net Income | 32,550.00 | 15,786.00 | 32,376.00 | 8,596.47 | 8,025.08 |
| EPS | 460.00 | 220.00 | 450.00 | 120.00 | 109.00 |
| Operating Cash Flow | 39,187 | 6,610 | 63,237 | 41,573 | 68,979 |
| Investing Cash Flow | (49,730) | 26,243 | (38,779) | (43,231) | (38,863) |
| Financing Cash Flow | (19,113) | 7,038 | (24,990) | (4,227) | (13,439) |
| Net Cash Flow | (29,656) | 39,891 | (531) | (5,885) | 16,676 |
| Auditing Firm | BDO (Cambodia) Limited | BDO Cambodia LTD | Baker Tilly (Cambodia) Co., Ltd | Baker Tilly (Cambodia) Co., Ltd. | Baker Tilly (Cambodia) Co., Ltd. |
* Data as of the end of 2023 unless otherwise stated.
Disclosures
- 18 August 2026[Disclosure] Announcement On The Result of the Additional Share Listing (Bonus Issue) of Royal Group Phnom Penh SEZ Plc. (Unofficial Translation)
- 17 August 2026[Disclosure] Second Quarterly Report 2026 of Royal Group Phnom Penh SEZ Plc. (Unofficial Translation)
- 12 August 2026[Disclosure] Decrease in Revenue (Unofficial Translation)
- 3 August 2026[Disclosure] Notification On Delay in the Commencement of Trading of Bonus Shares of Royal Group Phnom Penh SEZ Plc. (Unofficial Translation)
- 17 July 2026[Disclosure] Announcement On The Approval of the Additional Share Listing (Bonus Issue) of Royal Group Phnom Penh SEZ Plc. (Unofficial Translation)
- 18 May 2026[Disclosure] The First Quarterly Report 2026 of Royal Group Phnom Penh SEZ PLC. (Unofficial Translation)
- 12 May 2026[Disclosure] Decrease in Revenue (Unofficial Translation)
- 7 May 2026[Disclosure] Change of Management with Decision Power (Unofficial Translation)
- 30 April 2026[Disclosure] Notification on Result of Treasury Shares Cancellation of Royal Group Phnom Penh SEZ Plc. (Unofficial Translation)
- 30 April 2026[Disclosure] Change of Board of Director (Unofficial Translation)
Source: Cambodia Securities Exchange (CSX) — csx.com.kh