»  Listed Companies  »  Listed Company for Equity Securities  »  Phnom Penh Autonomous Port (PPAP)

Phnom Penh Autonomous Port (PPAP)

Company Summary
Inception Year 1905
Industry Classification Port Service
Type of Listed Shares Voting Shares
No. of Listed Shares 20,684,365
Code KH1000040001
Symbol PPAP
Listing Date 09-Dec-2015
No. of Staffs 560 employees
Website www.ppap.com.kh

PPAP is one of the two international ports in Cambodia and is the largest river port operator and port authority within the Port Commercial Zone. The Port Commercial Zone is 160 km long, stretching from Thbong KhmomProvince to the border of Cambodia-Vietnam at Kaom Samnor.

In 2015, PPAP obtained the exclusive right as the port operator within the Port Commercial Zone. PPAP operates 4 main terminals: 1-Container Terminal (LM17), 2-Multi-purpose Terminal (TS3), 3-Passenger Terminal (TS1), and 4-Tonle Bet Terminal (UM2).

Board of Directors Title
H.E. Hei Bavy Chairman and CEO
H.E. Suon Rachana Member (Rep. of Ministry of Public Works and Transportation)
H.E. Ken Sambath Member (Rep. of Ministry of Economy & Finance)
H.E. Penn Sovicheat Member (Rep. of Ministry of Commerce)
Mr. Gui Anvanith Member (Independent Director)
Mrs. Chuon Sokhem Member (Rep. of Employees of PPAP)
Mr. Dith Sochal Member (Non-Executive Director, Rep. of Private Shareholders)

Substantial Shareholders

Substantial Shareholder % Shares
Ministry of Economy and Finance 80%
Mekong Strategic Infrastructure Ltd 5.95%

Note: Substantial shareholders: shareholders holding ≥5% of listed shares.

Dividend Policy

The minimum guaranteed dividend yield is 5% of IPO price (KHR 5,120) applicable for at least 5 years after listing and only available for the shareholders of Class A (Voting) shares.

Following approval of the annual financial statement by the Board of Directors, if there is profit, the Board of Directors of PPAP can decide to distribute the profit to:

  1. Settle payment for the loss of the previous fiscal year;
  2. After settling payment for the loss of the previous fiscal year, and if there is still profit, the Board of Directors may distribute the profit as follows:
    • Appreciation to the management and employees according to the following conditions:
      • In case the net profit remains from 5% to 10% of the total operating expense of PPAP in that year, the amount to show appreciation is equivalent to 1 month of the total annual average salary of the management and each employee; salary of the management and each employee.
      • In case the net profit remains from 10% to 20% of the total operating expense of PPAP in that year, the amount of the bonus is equivalent to 2 months of the total annual average salary of the management and each employee;
      • In case net profit remains at a rate exceeding 20% of the total operating expense of PPAP in that year, the amount to show appreciation is equivalent to 3 months of the total annual average salary of the management and each employee.
    • Creation of 5% [of net profit] for legal reserve and 5% of net profit for free reserve;
    • 5% of profit for Corporate Social Responsibility [fund] which will be recorded as expense in the fiscal year when the operating expense is incurred;
    • Profit remaining after the above distribution shall be distributed as dividend to the shareholders according to the resolution of the Board of Directors;
    • The final remaining profit shall be transferred into the development fund of PPAP.

IPO

IPO Information
IPO Price (KHR) 5,120
Par Value (KHR) 4,000
No. of listed shares 20,684,365
No. of issued shares 4,136,873
1st trading date 9-Dec-2015
1st closing price (KHR) 5,140
Underwriter Yuanta Securities (Cambodia) Plc.
Investment Dash Board
Financial Statements (Mil. KHR)
Balance Sheet 2015 2016 2017
Assets 647,909.44 659,556.91 680,460.46
- PPE 568,455.03 585,996.36 586,798.20
- Current Asset 47,349.35 39,103.47 59,453.92
- Inventory - - -
- A/R 11,827.51 11,847.71 12,148.57
- Cash 35,521.84 27,255.76 47,305.34
Equity 513,408.07 521,149.68 540,301.30
- Share Cap. 447,885.45 457,813.94 457,813.94
- Retained Earnings 12,829.70 12,820.18 21,323.68
Liabilities 134,501.38 138,407.23 140,159.15
- Current Liability 10,316.34 11,278.27 20,771.67
- A/P 7,714.37 9,303.12 10,136.44
Income Statement
Revenue 61,458.19 66,065.61 76,273.72
Gross Profit 39,580.53 43,289.19 50,139.80
EBIT 22,442.37 24,435.34 30,087.72
Net Income 12,943.51 16,566.19 21,688.61
EPS (KHR) 770.07 800.90 1,048.55
Cash Flow Statement
Operating Cash Flow 19,359.56 27,152.76 35,690.24
Investing Cash Flow (6,658.65) (33,083.53) (12,261.14)
Financing Cash Flow 15,428.03 (2,166.03) 3,339.80
Net Cash Flow 28,128.94 (8,096.81) 20,089.31
Valuation
P/E 10.40 6.94 6.24
P/BV 0.82 0.75 0.64
Dividend Yield 0.00% 5.31% 5.97%
Dividend Payout Ratio 0.00% 35.16% 5.86%
Cash Dividend per share 0.00% 281.6 307
Other Key Financial Indicators
ROE 2.60% 3.20% 4.09%
ROA 2.05% 2.53% 3.19%
A/E 1.26 1.27 1.26
Current Ratio 4.59 3.47 2.86
Trading Statistic
Trading Statistic 2015 2016 2017
Market Cap. (Mil KHR) 113,764 109,627 106,318
Last Price 5,500 5,300 5,140
Year High 5,500 5,500 5,340
Year Low 5,140 5,180 4,720
Value/day (Mil KHR) 45.13 4.96 14.35
Turnover Ratio 5.59% 8.89% 26.60%
Annual Report
Latest News
Second quarterly report of PPAP in 2019
Sep 19, 2019
Fourth quarterly report of PPAP in 2016
Feb 17, 2017
Second quarterly report of PPAP in 2016
Aug 18, 2016
Disclosure Document for Initial Public Offering of Equity Securities of PPAP
Oct 08, 2015
Site Map    Newsletter    Legal Notice    Find us on Facebook
Online Visitors: 9    Today​ Visitors: 9    Yesterday Visitors: 929