Yuanta

Equity Report

PPAP's 1H17 review: earnings rise 2.5% YoY on solid revenue growth

Thanks to increasing cargo traffic, total revenue in the first half of 2017 rose 10.0% YoY to KHR33.33bn. The solid top-line increase was thanks to a robust growth in main sources of revenue including income from stevedoring, lift-on lift-off (LOLO), and port services, which rose 12.4% YoY, 19.6% YoY, and 8.8% YoY, respectively...

18th September 2017

Equity Report

PPWSA's 1H17 review: Top line soars 17.6% YoY; net profit declines on forex loss

Total number of water subscriptions continue to rise, increasing by 12,472 subscribers during the first half of 2017 or 4.0% compared to the end of 2016, and reached 321,772 subscribers at the end of June...

05th September 2017

Equity Report

PPAP's 1Q17 review: earnings fall 8.3% YoY on rising depreciation expense

In 1Q17, container throughputs was the highest PPAP has ever handled during the first quarter of year, surging 22.3% YoY to 39,510 TEUs, resulting in a 12.8% YoY increase in container cargo volume to 308,153 tonnes...

08th June 2017

Equity Report

PPAP's 4Q16 Review: Net profit surges 74.8% YoY in 4Q16; 28.4% YoY in 2016

Container throughput handled by PPAP in 4Q16 came to 36,884 TEUs, up 5.0% compared to the same period in 2015. While container throughput for imports rose slightly by 1.8% YoY, container throughput for exports saw a solid increase of 8.6% YoY, thanks particularly to...

01st March 2017

Equity Report

PPWSA's 4Q16 review: earnings jump on soaring net finance income

Total number of subscriptions increased by 5,820 during 4Q16, of which 5,415 were household clients, 392 commercial & industrial clients, and 20 houses “for rent to garment workers”. The increase in total subscriptions was quite stable,

20th February 2017

Equity Report

PPWSA's 3Q16 review: earnings decline as net finance cost soars

• With subscriptions continuing to increase steadily, total revenue (excluding finance income) in 3Q16 reached a record-high of KHR54.0bn (+10.5% YoY), posting double-digit growth for the first time in three quarters (+7.9% YoY in 1Q16 and +2.6% YoY in 2Q16). Strong revenue growth in the third quarter was driven by...

15th December 2016

Equity Report

PPAP's 3Q16 Review: Net profit surges 20.8% YoY

Container throughputs in 3Q16 increased 12.1% YoY to a record-high of 48,837 TEUs. The double-digit growth, which came for the first time in three quarters (7.2% YoY in 2Q16, -6.8% YoY in 1Q16), was mainly driven by a strong increase...

14th December 2016