CFA Institute Research Challenge Season 8 (2025-26): Presentation
Date
2026-02-11
Authors
Sieng, Bunleang
Von, Vannchiun
Ren, Monyroth
That, Vichita
M. Ma'aji, Muhammad
Journal Title
Journal ISSN
Volume Title
Publisher
CamEd Business School
Abstract
Description
Rising industrial demand in Cambodia supports PPSP's SEZ development in Kandal, Poipet, and potentially Kampong Thom, creating a key growth catalyst for the company's earnings trajectory. We initiate a "BUY" on Royal Group Phnom Penh Special Economic Zone (PPSP) with a 12-month target price of KHR 2,607, implying a 25% upside from the current price of KHR 2,080 (as of January 30, 2026). Our DCF—FCFE valuation reflects improving earnings quality and a more resilient business model. ...