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បន្ទប់ព័ត៌មាន
ក្រុមហ៊ុនបេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន (ខេមបូឌា) ម.ក លើកកម្ពស់ការវិនិយោគលើគម្រោងវិនិយោគរួមនៅវិទ្យាស្ថានពហុបច្ចេកទេសព្រះកុសុមៈ
នាព្រឹកថ្ងៃទី០៨ ខែកក្កដា ឆ្នាំ២០២៥ ដោយមានការអនុញ្ញាតពីក្រុមហ៊ុនបេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន (ខេមបូឌា) ម.ក លោក តាំង ហយ បុគ្គលិកផ្នែកច្បាប់និងអនុលោមភាព បានធ្វើបទបង្ហាញប្រកបដោយអត្ថន័យ ស្ដីពី "ការវិនិយោគលើគម្រោងវិនិយោគរួម" នៅវិទ្យាស្ថានពហុបច្ចេកទេសព្រះកុសុមៈ។ ការធ្វើបទបង្ហាញនេះ ត្រូវបានធ្វើឡើងក្នុងសិក្ខាសាលាបណ្ដុះបណ្ដាលស្ដីពី "ការវិនិយោគឆ្លាតវៃ" ដែលរៀបចំឡើងដោយក្រុមហ៊ុនមូលបត្រ អេស៊ីលីដា ម.ក ដោយមានការគាំទ្រពី និយ័តករមូលបត្រកម្ពុជា ផ្សារមូលបត្រកម្ពុជា និងវិទ្យាស្ថានពហុបច្ចេកទេសព្រះកុសុមៈ និងមានគោលបំណងក្នុងការលើកកម្ពស់ចំណេះដឹងហិរញ្ញវត្ថុ និងលើកកម្ពស់ការវិនិយោគប្រកបដោយភាពឆ្លាតវៃចំពោះនិស្សិតនៃវិទ្យាស្ថាន។
នាយកដ្ឋានគ្រប់គ្រងការវិនិយោគមូលនិធិសន្តិសុខសង្គម នៃបេឡាជាតិសន្តិសុខសង្គម (ប.ស.ស.) ជួបប្រជុំពិភាក្សាដំបូងលើការស្វែងរកឱកាសវិនិយោគជាមួយនឹងក្រុមហ៊ុនបេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន (ខេមបូឌា) ម.ក
ភ្នំពេញ, ព្រះរាជាណាចក្រកម្ពុជា, ថ្ងៃទី៤ ខែមិថុនា ឆ្នាំ២០២៥ តាមរយៈការអនុវត្តការងារជាផ្នែកមួយនៃយន្តការត្រួតពិនិត្យបន្តលើប្រព័ន្ធសន្តិសុខសង្គមរបស់ព្រះរាជាណាចក្រកម្ពុជា កិច្ចប្រជុំក្របខណ្ឌកម្រិតដំបូងត្រូវបានរៀបចំឡើងរវាង នាយកដ្ឋានគ្រប់គ្រងការវិនិយោគមូលនិធិសន្តិសុខសង្គម នៃបេឡាជាតិសន្តិសុខសង្គបេឡាជាតិ (ប.ស.ស.) និងក្រុមហ៊ុនបេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន (ខេមបូឌា) ម.ក។ ប.ស.ស. បានទទួលស្វាគមន៍យ៉ាងកក់ក្ដៅចំពោះគណៈប្រតិភូសំខាន់ៗពីក្រុមហ៊ុនបេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន (ខេមបូឌា) ម.ក ដែលដឹកនាំដោយ លោក Eric Loo នាយកប្រតិបត្តិនិងអភិបាលប្រតិបត្តិ ដើម្បីពិភាក្សាស្វែងរកឱកាសនៃការវិនិយោគ។ កិច្ចប្រជុំនេះបានអញ្ជើញដឹកនាំដោយសមាជិកក្រុមប្រឹក្សាភិបាលចំនួនពីររូប ដែលមកពីក្រុមហ៊ុន Banjaran Asset Management Pte Ltd (BAMPL) នៅប្រទេសសិង្ហបុរី ដែលចូលរួមកិច្ចប្រជុំនេះជាពិសេស។ គោលបំណងស្នូលរបស់ ប.ស.ស. រួមមានការលើកកម្ពស់អត្ថប្រយោជន៍នៃរបបសន្តិសុខសង្គមសម្រាប់ពលរដ្ឋកម្ពុជា និងធានាឱ្យបាននូវការគ្រប់គ្រងមូលនិធិរបស់ខ្លួនប្រកបដោយភាពប្រុងប្រយ័ត្ន និងការចូលរួមចំណែកយ៉ាងសំខាន់ក្នុងកិច្ចអភិវឌ្ឍជាតិ។ កិច្ចប្រជុំនេះបានពិភាក្សាយ៉ាងស៊ីជម្រៅទៅលើផលិតផល និងសេវាកម្មរបស់ ក្រុមហ៊ុនបេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន (ខេមបូឌា) ម.ក ពាក់ព័ន្ធនឹងការវិនិយោគមូលនិធិសន្តិសុខសង្គម។ ភាគីទាំងពីរបានសម្ដែងនូវការសាទរយ៉ាងខ្លាំងចំពោះកិច្ចប្រជុំពិភាក្សាគ្នាជាលើកដំបូង ដើម្បីស្គាល់គ្នាទៅវិញទៅមកពីគោលដៅ និងសេវាកម្មរបសល់ស្ថាប័នទាំងពីរ។ តំណាង ប.ស.ស. បានស្វាគមន៍និងបង្ហាញនូវសេចក្ដីអំណរចំពោះផលិតផល សេវាកម្ម និងយុទ្ធសាស្ត្រយ៉ាងសកម្មរបស់ក្រុមហ៊ុនបេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន (ខេមបូឌា) ម.ក។ កិច្ចប្រជុំនេះបានបញ្ចប់ប្រកបដោយស្មារតីនៃការប្ដេជ្ញាចិត្តខ្ពស់ និងសង្ឃឹមថាស្ថាប័នទាំងពីរនឹងមានកិច្ចសហការវិនិយោគនាពេលខាងមុខ។
ភាពជោគជ័យនៃការរៀបចំកម្មវិធីបណ្ដុះបណ្ដាលស្ដីពីគម្រោងវិនិយោគរួមនៅខេត្តកំពង់ចាម
ខេត្តកំពង់ចាម - ព្រះរាជាណាចក្រកម្ពុជា - ថ្ងៃទី៣០ ខែឧសភា ឆ្នាំ២០២៥៖ វគ្គបណ្ដុះបណ្ដាលស្ដីពី “ការវិនិយោគលើគម្រោងវិនិយោគរួម” ត្រូវបានរៀបចំឡើងដោយប្រកបដោយភាពជោគជ័យ ដែលធ្វើឡើងនៅខេត្តកំពង់ចាម និងបានផ្ដល់នូវចំណេះដឹងសំខាន់ៗពាក់ព័ន្ធនឹងឱកាសវិនិយោគសម្រាប់សិក្ខាកាម។ ត្រូវបានរៀបចំឡើងដោយក្រុមហ៊ុនមូលបត្រ អេស៊ីលីដា និងសហការគាំទ្រដោយក្រុមហ៊ុនបេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន (ខេមបូឌា) ម.ក កម្មវិធីនេះត្រូវបានប្រព្រឹត្តទៅនៅសាកលវិទ្យាល័យជាតិជាស៊ីមកំចាយមារ សាខាខេត្តកំពង់ចាម។ លោក វាសនា មុនីរាជ បុគ្គលិកផ្នែកប្រតិបត្តិការនៃក្រុមហ៊ុនបេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន (ខេមបូឌា) ម.ក ជាវាគ្មិនធ្វើបទបង្ហាញអំពីប្រធានបទស្ដីពី “ការវិនិយោគលើគម្រោងវិនិយោគរួម”។ លោក បានពន្យល់យ៉ាងក្បោះក្បាយនិងស៊ីជម្រៅពាក់ព័ន្ធនឹងគម្រោងវិនិយោគរួម ដូចជាសារៈប្រយោជន៍ ហានិភ័យ និងវិធីសាស្ត្រដែលវិនិយោគិននីមួយៗអាចចូលរួមវិនិយោគក្នុងគម្រោងវិនិយោគនេះ។ កម្មវិធីបណ្ដុះបណ្ដាលនេះមានគោលបំណងលើកកម្ពស់ការយល់ដឹងហិរញ្ញវត្ថុ និងលើកទឹកចិត្តខ្ពស់ដល់សិក្ខាកាមដែលមានចំណេះដឹងសមស្របដើម្បីធ្វើការសម្រេចចិត្តប្រកបដោយការយល់ដឹង។ កម្មវិធីបណ្ដុះបណ្ដាលនេះ ត្រូវបានសង្កេតឃើញថាមានការចូលរួមដ៏សកម្មពីសំណាក់បណ្ដាសិក្ខាកាម ដោយមានការចូលរួមក្នុងកិច្ចពិភាក្សានិងវគ្គសំណួរចម្លើយ ព្រមទាំងការបង្ហាញពីចំណាប់អារម្មណ៍ក្នុងការស្វែងយល់ពីយុទ្ធសាស្ត្រវិនិយោគ។ គំនិតផ្ដួចផ្ដើមរៀបចំកម្មវិធីបណ្ដុះបណ្ដាលនេះ សបញ្ជាក់អំពីការប្ដេជ្ញាចិត្តរបស់ក្រុមហ៊ុនមូលបត្រ អេស៊ីលីដា ម.ក និងក្រុមហ៊ុនបេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន (ខេមបូឌា) ម.ក ក្នុងការជំរុញការអប់រំនិងការអភិវឌ្ឍផ្នែកហិរញ្ញវត្ថុ នៅទូទាំងសហគមន៍កម្ពុជា។
Banjaran AMC at DMUC Careers Fair 2025!
We were proud to be a part of the De Montfort University of Cambodia (DMUC) Careers Fair 2025, an exciting and vibrant event that brought together over 80 leading organizations from sectors including banking, healthcare, hospitality, NGOs, education, and technology. Our team at Banjaran Asset Management (Cambodia) Plc. had a fantastic time engaging with students, recent graduates, and jobseekers who were eager to learn more about the financial and investment industry. From sharing insights into fund management and financial planning to discussing career paths within the non-bank financial sector, our booth was buzzing with conversations, questions, and meaningful connections. We also had interactive activities, giveaways, and plenty of one-on-one discussions with future professionals passionate about shaping Cambodia’s financial future. A heartfelt thank you to all the enthusiastic visitors who stopped by our booth, and to DMUC for hosting such a dynamic platform for employers and jobseekers to connect.
Cambodia's First Fund Roadshow 2.0, a Success in Prey Veng
Phnom Penh, Cambodia – May 10, 2025 – The second leg of Cambodia’s First Fund Subscription Roadshow 2.0 concluded successfully on 10 May 2025, at ACLEDA Bank Plc. in Prey Veng province. The initiative, a collaborative effort between Banjaran Asset Management (Cambodia) Plc. and ACLEDA Securities Plc, also included participation from several local ACLEDA Bank branches, including Pea Reang, Svay Antor, and Peam Ro. Banjaran AMC expressed their gratitude to all attendees for their support in making the event a success. The roadshow aims to introduce the BAMC Asia Equity Fund (BAEF) to a wider audience across Cambodia. Following the successful event in Prey Veng, the roadshow is set to continue its journey, bringing investment opportunities to more provinces throughout May and June 2025.
លោក Eric Loo នាយកប្រតិបត្តិនៃក្រុមហ៊ុន បេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន (ខេមបូឌា) ម.ក បានចូលរួមក្នុងកិច្ចប្រជុំថ្នាក់ដឹកនាំជាន់ខ្ពស់ជាមួយនិយ័តករបរធនបាលកិច្ច (ន.ប.ធ.) ស្តីពីការអភិវឌ្ឍវិស័យហិរញ្ញវត្ថុមិនមែនធនាគារ
រាជធានីភ្នំពេញ ព្រះរាជាណាចក្រកម្ពុជា ថ្ងៃទី៧ ខែឧសភា ឆ្នាំ២០២៥ ក្រុមហ៊ុន បេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន(ខេមបូឌា) ម.ក តំណាងដោយ លោក Eric Loo នាយកប្រតិបត្តិ រួមជាមួយ ក្រុមហ៊ុន Lion Trust Group បានជួបប្រជុំជាមួយនិយ័តករបរធនបាលកិច្ច (ន.ប.ធ.) នៃព្រះរាជាណាចក្រកម្ពុជា។ កិច្ចប្រជុំនេះដឹកនាំដោយ ឯកឧត្តម សុខ ដារ៉ា អគ្គនាយកនៃនិយ័តករបរធនបាលកិច្ច (ន.ប.ធ.) ហើយបានផ្តោតលើការជំរុញការអភិវឌ្ឍវិស័យហិរញ្ញវត្ថុមិនមែនធនាគារ និងការពង្រឹងក្របខណ្ឌបទប្បញ្ញត្តិនៅព្រះរាជាណាចក្រកម្ពុជា។ កិច្ចពិភាក្សាយុទ្ធសាស្ត្រនេះបានបង្ហាញពីការប្តេជ្ញាចិត្តរួមគ្នារវាងស្ថាប័ននិយ័តករ និងថ្នាក់ដឹកនាំក្នុងវិស័យឯកជន ក្នុងការជំរុញកំណើន នវានុវត្តន៍ និងការកសាងទំនុកចិត្តប្រកបដោយចីរភាពសម្រាប់ប្រព័ន្ធអេកូហិរញ្ញវត្ថុនៃព្រះរាជាណាចក្រកម្ពុជា។ ប្រធានបទសំខាន់មួយនៃកិច្ចប្រជុំនេះ គឺការផ្តោតជាយុទ្ធសាស្ត្ររបស់ និយ័តករបរធនបាលកិច្ច (ន.ប.ធ.) លើការពង្រីករចនាសម្ព័ន្ធបរធនបាលកិច្ច (Trust Structures) ជាពិសេស បរធនបាលកិច្ចគ្រួសារ (Family Trusts) ដែលជាមូលដ្ឋានគ្រឹះសម្រាប់ការការពារទ្រព្យសម្បត្តិ និងការផ្ទេរទ្រព្យសម្បត្តិពីជំនាន់មួយទៅជំនាន់មួយ។ សម្រាប់ក្រុមហ៊ុនគ្រប់គ្រងទ្រព្យសកម្មដូចជា ក្រុមហ៊ុន បេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន(ខេមបូឌា) ម.ក ក្របខណ្ឌទាំងនេះគឺជាយន្តការដ៏សំខាន់មួយក្នុងការជួយបុគ្គលដែលមានទ្រព្យសម្បត្តិខ្ពស់និងអាជីវកម្មមួយចំនួន អាចការពារនិងរក្សាស្ថិរភាពហិរញ្ញវត្ថុរយៈពេលវែងរបស់ខ្លួនបាន ខណៈដែលធានាបាននូវការរៀបចំផែនការសន្តតិកម្មប្រកបដោយភាពរលូន ដែលកំពុងក្លាយជាអាទិភាពកាន់តែសំខាន់នៅក្នុងបរិបទសេដ្ឋកិច្ចកម្ពុជាដែលកំពុងមានការវិវត្តឥតឈប់ឈរ។ កិច្ចសន្ទនានេះមានសង្គតិភាពនិងទំនាក់ទំនងយ៉ាងជិតស្និទ្ធជាមួយនឹងបេសកកម្មក្នុងការអភិវឌ្ឍទីផ្សាររបស់និយ័តករបរធនបាលកិច្ច (ន.ប.ធ.) ដែលកំពុងអនុវត្តជាបន្តបន្ទាប់ ដូចជាសិក្ខាសាលាស្ដីពី “បរធនបាលកិច្ចគ្រួសារ៖ផែនការតជំនាន់” ដែលបានរៀបចំឡើងនៅថ្ងៃទី២៩ ខែមេសា ឆ្នាំ២០២៥ នៅសណ្ឋាគារ សុខា ភ្នំពេញ។ សិក្ខាសាលានេះត្រូវបានរៀបចំឡើងដោយសហការជាមួយ Phillip Trustee (Cambodia) និង Phillip Capital (Singapore) ដោយបានផ្តល់នូវចំណេះដឹងស៊ីជម្រៅអំពីឧត្តមបទពិសោធន៍នៅក្នុងតំបន់ ព្រមទាំងយុទ្ធសាស្ត្រដែលត្រូវបានរៀបចំឱ្យសមស្របទៅនឹងបរិបទទីផ្សារកម្ពុជា ដើម្បីឱ្យស្ថាប័ន និងក្រុមហ៊ុននានាអាចយកទៅអនុវត្ត និងទាញយកអត្ថប្រយោជន៍ក្នុងទីផ្សារក្នុងស្រុកបានប្រកបដោយប្រសិទ្ធភាព។ ដោយឆ្លុះបញ្ចាំងពីបរិបទដ៏សកម្មនេះ ការចូលរួមយ៉ាងសកម្មរបស់ក្រុមហ៊ុន បេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន (ខេមបូឌា) ម.ក ជាមួយ ន.ប.ធ. បានបង្ហាញពីការប្តេជ្ញាចិត្តរបស់ក្រុមហ៊ុនក្នុងការចូលរួមចំណែកកសាងវិស័យបរធនបាលកិច្ចនៅកម្ពុជា ឱ្យកាន់តែមានភាពរស់រវើក ទំនើប និងមានការចូលរួមយ៉ាងទូលំទូលាយ។ តាមរយៈការរក្សាទំនាក់ទំនងសហការយ៉ាងជិតស្និទ្ធជាមួយស្ថាប័ននិយ័តករ ក្រុមហ៊ុនមានគោលបំណងអភិវឌ្ឍដំណោះស្រាយហិរញ្ញវត្ថុប្រកបដោយនវានុវត្តន៍ដែលអាចឆ្លើយតបដោយផ្ទាល់ទៅនឹងតម្រូវការក្នុងការការពារនិងថែរក្សាទ្រព្យសម្បត្តិរយៈពេលវែងរបស់សមាជិកគ្រួសារក្នុងស្រុក ក៏ដូចជាបណ្តាវិនិយោគិនជានីតិបុគ្គល។ សន្ទុះនៃកិច្ចសហប្រតិបត្តិការនេះ បានបន្តពង្រឹងលើមូលដ្ឋាននៃការចូលរួមអនុលោមតាមបទប្បញ្ញត្តិ រួមទាំងកិច្ចពិភាក្សាកាលពីពេលកន្លងមក រវាង ឯកឧត្តម ណី សាកល អគ្គនាយករងនៃ ន.ប.ធ. តំណាងឯកឧត្តម សុខ ដារ៉ា អគ្គនាយកនៃ ន.ប.ធ. និងថ្នាក់ដឹកនាំរបស់ក្រុមហ៊ុន Lion Trust (Singapore) Limited។ ក្រោមកិច្ចខិតខំប្រឹងប្រែងរបស់និយ័តករបរធនបាលកិច្ច (ន.ប.ធ.) ក្នុងការជំរុញយ៉ាងសកម្មដល់ការអភិវឌ្ឍ និងការប្រើប្រាស់សេវាបរធនបាលកិច្ចទាំងនេះ កិច្ចសហការជាបន្តបន្ទាប់ជាមួយស្ថាប័នឯកទេសដូចជា ក្រុមហ៊ុនបេនចារ៉ាន អ៊ែសេត មេនេចម៉ិន (ខេមបូឌា) ម.ក ត្រូវបានរំពឹងថានឹងមានសក្តានុពលខ្ពស់ក្នុងការលើកកម្ពស់កម្រិតវិជ្ជាជីវៈ ទំនើបកម្ម និងភាពស៊ីជម្រៅនៃវិស័យហិរញ្ញវត្ថុកម្ពុជាទាំងមូល ដោយជួយបង្កើតបរិយាកាសវិនិយោគនិងការគ្រប់គ្រងទ្រព្យសម្បត្តិកាន់តែមានប្រសិទ្ធភាព និងស្របតាមស្តង់ដារអន្តរជាតិ។
Banjaran Asset Management Shares Insights on Risk Management in CIS at SERC’s 29th Training
Banjaran Asset Management Highlights Risk Management in CIS at SERC’s 29th Securities Sector Training On the morning of April 28, 2025, Mr. Veasna Monireach, Operation Department Representative of Banjaran Asset Management (Cambodia) Plc., delivered an insightful presentation on Risk Management in Collective Investment Schemes (CIS) during the 29th Training, Examination, and Continuing Professional Education event. The event was organized by the Securities and Exchange Regulator of Cambodia (SERC) and held at the Business Development Center. Mr. Monireach’s presentation emphasized the importance of robust risk management practices within CIS operations to ensure investor protection, regulatory compliance, and sustainable fund performance. Through real-world examples and best practices, he highlighted Banjaran's commitment to strengthening Cambodia’s investment fund industry and promoting professional excellence in the securities sector. This engagement underscores Banjaran’s ongoing contribution to the growth, education, and innovation of Cambodia’s financial markets.
Experience Sharing on Cambodia’s First CIS Fund at SERC’s 29th Securities Sector Training
Banjaran Asset Management Shares Experience on Cambodia’s First Collective Investment Scheme Fund at SERC Event On the morning of April 25, 2025, Mr. Nhem Sopaul, Corporate Manager of Banjaran Asset Management (Cambodia) Plc., delivered a keynote presentation during the 29th Training, Examination, and Continuing Professional Education event organized by the Securities and Exchange Regulator of Cambodia (SERC). The event was held at the Business Development Center, bringing together professionals across Cambodia’s securities sector. Mr. Sopaul shared valuable insights on the Experience of Issuing the First Collective Investment Scheme (CIS) Fund in Cambodia, along with an overview of asset management and fund operations. His presentation highlighted Banjaran’s role as a pioneer in the local fund management space and its commitment to supporting the development of Cambodia’s capital markets through innovation, transparency, and investor education. The event marked another significant milestone in fostering professional excellence and knowledge-sharing in the financial sector, further reinforcing Banjaran’s position as a leader in the Cambodian investment landscape.
Banjaran Asset Management (Cambodia) Plc. at the Cambodia-ASEAN Business Summit 2025
The Cambodian ASEAN Business Summit 2025: “Accelerating ASEAN’s Connectivity” People, Infrastructure, and Trade The Cambodia ASEAN Business Summit 2025 served as a dynamic platform to foster economic cooperation and development within the ASEAN region, specifically showcasing Cambodia's growing role in regional economic integration. Held at Sofitel Phnom Penh Phokeethra on March 6th, 2025, the summit brought together government officials, business leaders, and experts under the theme "Accelerating ASEAN's Economic Integration." This summit underscored Cambodia's dedication to sustainable and inclusive growth, as outlined in the Royal Government of Cambodia’s policy, while aligning with ASEAN’s overarching economic objectives. The event targeted CEOs, senior executives, entrepreneurs, investors, policymakers, and thought leaders from across ASEAN, representing diverse industries and sectors. It was with great honor that the summit was presided over by Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia. Attendees heard directly from the Prime Minister about the Royal Government’s commitment to supporting ASEAN businesses and fostering shared prosperity. Beyond insightful discussions, the summit provided ample opportunities for networking and collaboration. A networking lunch, accompanied by the Cambodia Investment Showcase, allowed participants to connect with business leaders and explore investment opportunities in key sectors. Additionally, the Business Matching sessions facilitated pre-arranged B2B meetings, fostering potential partnerships and collaborations. The Closing Ceremony summarized key takeaways and issued a call to action for continued collaboration and investment in ASEAN, concluding with a networking reception where attendees further built relationships. The Cambodia ASEAN Business Summit 2025 was a pivotal event, attracting a diverse audience and contributing significantly to accelerating economic growth, strengthening regional integration, and promoting sustainable development in Cambodia and the ASEAN region. The Program of Cambodia ASEAN Business Summit 2025: * Keynote Speeches by H.E. Keo Rottanak, Minister of Mines and Energy Panel Discussion 1: Building ASEAN's Future: Infrastructure Development and Regional Connectivity This panel explored the vital role of infrastructure development in driving economic growth and regional integration within ASEAN. The discussion delved into the importance of physical infrastructure, digital connectivity, and the ASEAN Energy Grid (AEG), focusing on how these elements contribute to a more integrated and prosperous region. Panel Discussion 2: Driving Prosperity Through Trade and Investment This panel examined how ASEAN leveraged trade and investment to drive economic growth and development across the region. Key strategies, initiatives, and partnerships that shaped ASEAN's economic landscape were explored. Panelists: - H.E. Sun Chanthol, Deputy Prime Minister, First Vice-Chairman of the Council for the Development of Cambodia. - H.E. Cham Nimul, Minister of Commerce, Cambodia. - H.E. Kong Vibol, Minister attached to the Prime Minister, Director General of the General Department of Taxation, Cambodia. - Mr. Chan Sopheap, Deputy Director General, General Department of Customs and Excise, Cambodia. - H.E. Sou Socheat, Director General of the Securities and Exchange Regulator of Cambodia. Panel Discussion 3: Human Capital: Key to Trade and Infrastructure Development This panel discussed the critical role of human capital in driving trade and infrastructure development across ASEAN. Prominent voices from ASEAN member states explored how investing in human capital could unlock the region's economic potential. Panelists: - H.E. Heng Suor, Minister of Labor and Vocational Training, Cambodia. - H.E. Hem Vanndy, Minister of Industry, Science, Technology and Innovation (MISTI), Cambodia. - Mr. Parson Lam, Director of Hong Kong Economic and Trade Office in Bangkok, Government of Hong Kong Special Administrative Region. - Mr. Sheanghai Lao, Division Chief Human Resources Officer, Wing Bank (Cambodia) Plc. Moderated by: Mr. Casey Barnett, President of the American Chamber of Commerce in Cambodia (AmCham) Pictures credited to ASSOCIATION OF SOUTHEAST ASIAN NATIONS
ទស្សនៈទីផ្សារ
2025 April Market Outlook: Tariff Shocks Rate Dilemmas and China’s Next Move
US tariff announcements have introduced a wave of uncertainty into global markets. While the initial shock caused equities to retreat sharply, sentiment steadied somewhat after the US paused broad-based tariffs for most countries, leaving China as the primary target for higher levies. This erratic policy approach has unsettled businesses and investors alike, with US Treasury yields responding with unusual speed. We are keeping a close eye on trade negotiations, particularly those involving China, as their outcomes could significantly influence market direction in the coming months. Meanwhile, the Federal Reserve’s decision to hold interest rates steady comes amid mixed signals from the economy. Strong consumer spending and a resilient labour market suggest underlying strength, but inflationary pressures remain a persistent concern. Political calls for rate cuts have added to the noise, yet the Fed’s next steps remain uncertain. For now, we are watching closely to see how these dynamics unfold, as the interplay between economic data and policy decisions will be critical in shaping the path ahead. In China, the investment climate remains somewhat cloudy amid ongoing tensions with the US. While fiscal stimulus measures announced during the Two Sessions meeting provide some support, including efforts to boost consumption and bolster key industries, we believe there is scope for further measures in the coming months.
2025 March Market Outlook: Cautious Optimism Amid Policy Shifts and Economic Uncertainty
The conclusion of China’s Two Sessions has injected optimism into the Chinese and Hong Kong markets. Key policy measures include maintaining a 5% growth target and increasing deficit spending to 4% of GDP. Beijing has also pledged greater support for the private sector and cutting-edge technologies. Investors’ reaction to these announcements have been positive so far as the government is shifting priority to restoring the private sector and help drive economic growth. In our view, this positive momentum is still in its early stages, given how negative global sentiment towards China has been over recent years. US-led trade tariff hikes have introduced significant political and economic uncertainty, primarily through passing higher costs for consumers and businesses, alongside the threat of retaliatory measures from trading partners. This has contributed to market instability and has dampened business optimism. We are cautious about trade-related developments due to their potential impact on global supply chains. However, we believe it is too early to make significant portfolio adjustments, as supply chains have historically demonstrated resilience to changing conditions. US consumer sentiment has dropped suddenly as rising inflation expectations weigh on confidence. Consumers are growing more cautious with spending, fearing a decline in purchasing power. This hesitation is reinforced by slowing economic indicators such as retail sales. A closer look at the data reveals a significant decline in sales at food service establishments, which could signal weakening consumer demand. We will closely monitor whether this is a temporary fluctuation or the beginning of a broader negative trend. At this time, we are still comfortable with our risk positioning, which remains well-diversified across various sectors and regions.
2025 February Market Outlook: Deepseek Shakes Up AI—Is China’s Tech Rebound Just Beginning?
The launch of Deepseek marks a notable development for China as the startup claims it is significantly more efficient than widespread models developed by US companies. The startup also claims to have developed the model with only US$ 6 million and has made their model publicly available for use globally. This stands in contrast to US technology firms, which have been spending billions of dollars. Additionally, the availability of Deepseek’s model has raised concerns about potential reductions in AI infrastructure investment. Our view is that these investments will continue since the US sees AI as a national security issue and will continue to advance their own AI models. The rise of Deepseek has also brought investor attention back to Chinese technology firms with their share prices rebounding strongly. Despite the meteoric rise, valuations are still at reasonable levels though we do expect profit-taking along the way given the recent sharp rise. We believe the positive shift in China’s stock market is at its early innings given how negative global investors have been on China over the past few years. We will be closely monitoring the outlook from major Chinese technology companies in their coming earnings results, along with key political events such as the upcoming Chinese government’s Two Sessions. These developments could further bolster investors interest in China. So far, earnings results from most US technology firms that we monitor were only marginally disappointing, yet significant price corrections have followed. We see this as a result of high analyst expectations and stretched valuations, which have amplified volatility even on minor earnings misses. That said, market sentiment remains positive, and with no signs of a recession, we will continue to maintain our positions.
2025 January Market Outlook: Strategies for Navigating a Shifting Global Landscape
In our previous update, we briefly shared our outlook for 2025, and we maintain our view that market risks will be driven by three key factors: the uncertain interest rate trajectory in the US, elevated US equity valuations in the sectors that we monitor and heightened geopolitical risks globally. These factors are likely to result in higher volatility in equity markets compared to recent years. However, this does not mean that equity prices will drop precipitously. Instead, we simply believe a more cautious approach to positioning and stock picking is warranted. The US equity market has benefited from the strength in its economy and leading position in artificial intelligence (“AI”) technologies. This has led to high earnings expectations being baked into stock valuations, which we find to be optimistic given the looming risk of tariffs and the ongoing cooling of the general economy. Some argue that the Trump administration will reduce corporate taxes to boost earnings and control interest rates despite inflation risks. Our view is that timing all these initiatives to benefit the US economy will be challenging and there will likely be knee-jerk reactions to any significant policy announcements, earnings misses and economic data surprises. For ASEAN countries, while the “China + 1” narrative is beneficial, they may not be spared from US tariffs as Trump announced his attention to impose tariffs on close allies such as the EU and Canada. Additionally, recent US technology export regulations were tightened, and none of the ASEAN countries were included in the list of “US allies” who were granted unrestricted access to advanced semiconductors. In other developed markets such as major EU countries and Japan, we believe that their economies are still struggling to pick-up meaningfully. Coupled with the ongoing geopolitical environment, we will continue to be selective in increasing exposure to these regions. Among the countries we monitor, we believe that China could be a bright spot in 2025, provided the administration acts strongly and decisively. They have announced ambitious goals to stimulate the economy with no concrete actions yet, in our view. We will be monitoring their key policy meetings for actionable plans before significantly increasing our weighting in the region.
2024 December Market Outlook: Balancing Caution and Opportunity Amid Global Economic Shifts
Recently, China has expressed increasing urgency to stabilize its property market and domestic consumption, through stronger-than-usual language from the administration. Given that these were mostly high-level statements, we remain skeptical on the announcement given the Chinese government’s hesitance to implement substantial economic stimulus in recent years. In the US, we also see that there has been growing interest in value stocks, as investors seek opportunities in undervalued companies amid concentrated gains in companies like the Magnificent Seven. At current valuations, Goldman Sachs has forecasted that the broader S&P500 index will return a mere 3% annually over the next 10 years. We will however remain focused and selective on US opportunities - buying on dips, looking at undervalued stocks or even going into smaller capitalization companies if they have differentiated business models or products. We believe this approach is more sensible under the current conditions of uncertainty in both the global economy and geopolitics heading into 2025.
2024 November Market Outlook: Balancing Chinese Stimulus and U.S. Political Shifts
The Chinese administration have announced their intention to rollout an additional RMB 6 trillion package to support the debt burden of local governments and China’s finance minister also gave forward guidance that they would be introducing new measures to further stabilize the property market. While the headline number of RMB 6 trillion seems substantial, ultimately it was not impressive as the debt swap is intended to occur gradually over the next 3 years. Furthermore, there is uncertainty over how the local governments will spur their respective economies once their debt position improves. A positive note is that there has been some initial rebound in property sales. However, we believe near-term equity valuations in China are likely to remain rangebound until further stimulus measures are announced given the modest earnings results so far. In the US, the presidential election results were a red sweep, where the Republican party took control of the House and Senate. This shift is expected to lead to more decisive policy action going forward which would be beneficial for domestic US companies. Nevertheless, President Donald Trump’s erratic nature may cause bouts of market volatility despite the anticipated policy clarity. Going forward into 2025, we remain constructive on technology companies. With overall valuation levels in this space remaining high and economic growth still normalizing, we shall selectively initiate new positions. We note that equity markets have been exhibiting high amounts of volatility on surprising economic data or slight earnings misses. We believe this is due to the high valuations observed in the broad equity market. Though disappointing earnings results may signal the start of a deterioration in business performance, we tend to see that most of these reactions are overblown over a long-term horizon. This presenting attractive buying opportunities.