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Banjaran AMC and ACLEDA Securities Host 3rd Round Roadshow at ACLEDA Bank Plc., Kampong Chhnang Province Branch
On the morning of 13 June 2026, Banjaran Asset Management (Cambodia) Plc., in collaboration with ACLEDA Securities Plc., Local Branch of ACLEDA Bank Plc (Kampong Chhnang Province), and Local Branch of ACLEDA Bank Plc (Kampong Tralach District - Peani Commune), successfully conducted another session of the Workshop on “Golden Investment Opportunities in Securities” under the 3rd Round Roadshow Program, held at the hall of Local Branch of ACLEDA Bank Plc (Kampong Chhnang Province). The workshop provided valuable insights into capital market investment opportunities and the BAMC Asia Equity Fund (BAEF), aiming to enhance financial literacy and investment awareness among participants. Special appreciation to Mr. Nhem Sopaul, Corporate Manager of Banjaran Asset Management (Cambodia) Plc., for sharing valuable insights on the topic “Investment Value and Benefits of the BAMC Asia Equity Fund (BAEF)”. We extend our sincere appreciation to all attendees for their active participation and continued support. We look forward to welcoming you at our upcoming roadshow events across Cambodia.
Training on Collective Investment Schemes (CIS) for National Social Security Fund Officials
On the afternoon of 9 June 2026, with the approval of the National Social Security Fund (NSSF) and under the assignment of the management of Banjaran Asset Management (Cambodia) Plc., Mr. Nhem Sopaul, Corporate Manager , led a team to conduct a training session on “Collective Investment Schemes (CIS)” for approximately 30 officials and staff members of the Department of Social Security Fund Investment Management of NSSF. During the training, Mr. Taing Hoy, Legal and Compliance Officer , delivered presentations on “An Overview of Collective Investment Schemes,” “BAMC Asia Equity Fund (BAEF)”, and “The Company’s Core Values”, which provided valuable insights into Cambodia’s emerging securities and investment fund industry, contributing to the enhancement of financial literacy among participants. The training was organized to strengthen understanding of CIS funds, highlight the importance and benefits of CIS, and provide an opportunity for potential investors and stakeholders to engage in discussions and raise questions regarding this innovative financial instrument. Banjaran Asset Management (Cambodia) Plc. remains committed to promoting financial literacy and supporting the development of Cambodia’s capital market through educational and knowledge-sharing initiatives.
Banjaran AMC and ACLEDA Securities Successfully Host the 3rd Round Roadshow at ACLEDA Bank Plc., Khan Doun Penh Branch
On the morning of 06 June 2026, Banjaran Asset Management (Cambodia) Plc., in collaboration with ACLEDA Securities Plc., successfully organized the Workshop on "Golden Investment Opportunities in Securities" as part of the 3rd Round Roadshow, held at ACLEDA Bank Plc., Local Branch (Khan Doun Penh, Sangkat Boeng Reang). The workshop aimed to enhance public understanding of capital market investments and the BAMC Asia Equity Fund (BAEF), a Collective Investment Scheme (CIS). We sincerely appreciate the support of our partners and the active participation of all attendees. Special thanks to Mr. Sok Chantola, Deputy Sales & Marketing Manager of Banjaran Asset Management (Cambodia) Plc., on the topic “Investment Value and Benefits of the BAMC Asia Equity Fund (BAEF)”. We look forward to welcoming you to our upcoming events. Follow our News in Facebook
Roadshow at Boeng Keng Kang Ti Muoy Branch
On the morning of 30th May 2026, Banjaran Asset Management (Cambodia) Plc., in collaboration with ACLEDA Securities Plc., Local Branch of ACLEDA Bank Plc. (Khan Boeng Keng Kang - Sangkat Boeng Keng Kang Ti Muoy) and ACLEDA Bank Plc. (AEON Mall Branch), successfully hosted the “Workshop on Golden Investment Opportunities” as part of the 3rd Round Roadshow, held at the meeting hall of the Boeng Keng Kang Ti Muoy Branch. We extend our sincere appreciation to all participants for their active engagement and insightful questions. Special thanks to our speaker, Mr. Sok Chantola, Deputy Sales & Marketing Manager, for delivering a clear, informative, and impactful presentation on the BAMC Asia Equity Fund (BAEF). We look forward to welcoming you to our upcoming events. Follow our News in Facebook
DMUC Careers Fair 2026
On 09th May 2026, Banjaran Asset Management (Cambodia) Plc. was honored to participate in the DMUC Careers Fair 2026 held at De Montfort University Cambodia (DMUC). We would like to thank DMUC for organizing this meaningful event and providing the opportunity to connect with students, fresh graduates, and young professionals. It was a great opportunity for our team to share career insights, engage with potential candidates, and introduce Banjaran AMC’s working environment and career opportunities. Thank you to everyone who visited our booth and interacted with our team. We truly appreciate your interest and support.
The Opportunities, Potential and Safety System of Investing in Fund Unit of CIS in Cambodia
On 07th May 2026, Mr. Eric Loo, Chief Executive Officer and Executive Director of Banjaran Asset Management (Cambodia) Plc., participated as a panelist in the panel discussion on “The Opportunities, Potential and Safety System of Investing in Fund Unit of CIS in Cambodia” during the Firms Doing CIS Business of the 31st Training and Examination and Continuing Professional Education in Securities Sector, at Business Development Center. The panel discussion highlighted the opportunities and potential of Collective Investment Schemes (CIS) in Cambodia, as well as the investor protection and safety framework supporting the development of Cambodia’s securities sector. For more references, please refer to SERC Page
The 31st Training and Examination and Continuing Professional Education
On 07th May 2026, Mr. Veasna Monireach, Operation Officer of Banjaran Asset Management (Cambodia) Plc., delivered a presentation on “Asset Management and Funds” during the 31st Training and Examination and Continuing Professional Education in Securities Sector organized by the Securities and Exchange Regulator of Cambodia (SERC) at the Business Development Center. The presentation provided key insights on asset management and fund operations, focusing on the investment framework and key considerations for investors when evaluating investment opportunities in Cambodia’s securities sector.
The Offering of the First Collective Investment Scheme Fund Units in Cambodia
On 04th May 2026, Mr. Mok Chinly, Legal and Compliance Manager of Banjaran Asset Management (Cambodia) Plc., participated in sharing practical experience on “The Offering of the First Collective Investment Scheme Fund Units in Cambodia” during the 31st Training Course, Examination, and Continuing Professional Education Program in the Securities Sector organized by the Securities and Exchange Regulator of Cambodia (SERC) at the Business Development Center. The sharing session highlighted the establishment, registration, and offering process of BAMC Asia Equity Fund (BAEF), the first Collective Investment Scheme fund in Cambodia, as well as regulatory compliance, investor onboarding procedures, and operational experience in fund management within Cambodia’s securities sector.
The Cambodia REITs Opportunity
On the morning of 30 April 2026, Mr. Christopher Wong, Chief Investment Officer of Banjaran Asset Management Pte. Ltd. (Singapore), delivered a presentation on “The Cambodia REITs Opportunity” during the seminar on “The Offering of Real Estate Investment Trust of Collective Investment Schemes.” organized by the Securities and Exchange Regulator of Cambodia (SERC). The presentation highlighted the opportunities and regulatory framework relating to Real Estate Investment Trusts (REITs) in Cambodia, as well as the potential of Collective Investment Schemes in supporting the development of Cambodia’s capital market and enhancing accessibility to investment opportunities for general investors.
Market Outlook
2025 August Market Outlook: AI and Tech Earnings Fuel Optimism Despite Uncertainty
Investors continue to watch closely for disinflationary indicators and the Fed's response. Despite macro uncertainties, the narrowing credit spread likely indicates the ongoing high investors' risk appetite. The strong earnings from AI-driven tech companies further supported investors' confidence, albeit after a slight June pullback. In Asia, the negative PPI in China reflects Chinese consumers becoming more price-sensitive and cutting back on non-essential spending. Sectors like electric vehicles ("EVs") and food delivery companies have slashed prices to stay competitive. The government launched an "anti-involution" campaign to combat the deepening price wars, and the initiatives such as pricing oversight have shown early signs of effectiveness. Despite this, the Chinese and Hong Kong equity markets have gained, with AI-linked firms and industrial-tech stocks driving market performance. Looking ahead, we remain cautiously optimistic. Despite continued geopolitical tensions and macro uncertainties weighing on sentiment, resilient corporate earnings and tightening credit spreads would likely continue to support the global equity markets, notably in the AI and tech sectors. Meanwhile, we believe the Fed will remain cautious, closely watching sticky inflationary indicators; if inflation continues to ease, gradual rate cuts are likely. In spite of trade reroutes and structural market challenges leading to overcapacity, Asian equity markets performed better than expected, supported by a strengthened macro backdrop. Against this landscape, we maintain a disciplined and balanced approach, grounded in bottom-up fundamental analysis in our portfolio construction.
2025 July Market Outlook: Resilient Earnings and Renewed Trade Ties Keep Investor Confidence Intact
Since June, investor sentiment has gradually improved, supported by resilient corporate earnings, stronger-than-expected macroeconomic indicators, and measured progress in trade diplomacy. Despite lingering policy uncertainty and geopolitical risks, market conditions have remained relatively calm, with volatility largely contained. Trade policy continues to be a central concern. The Trump administration’s 90-day pause on tariffs is set to expire on August 1, with proposed tariffs of up to 50% on autos and consumer electronics still under consideration. However, in spite of looming tariff risks, the successful negotiation of bilateral trade agreements - with Japan, the U.K., and South Korea - has helped bolster investor confidence. The U.S. - Japan deal, which includes a reported US$550 billion investment commitment, has further supported sentiments across Asian markets, which benefits from improved trade ties and regional policy coordination. Meanwhile, the One Big Beautiful Bill (BBB Act), which offers generous tax incentives - including permanent R&D deductions and 100% expensing of production property - has provided notable support to the technology, semiconductor, and data center sectors. While the BBB Act raises concerns over fiscal deficits, it has already helped sustain momentum in pro-growth and AI-exposed equities. In Asia, China’s Q2 GDP growth exceeded expectations, underpinned by strong industrial output and a rebound in exports, driven in part by front-loaded shipments ahead of potential new tariffs. However, weakness in retail sales and property investment underscores China’s continued reliance on external demand and industrial production over domestic consumption - raising expectations for further targeted fiscal support in the second half of 2025. Looking ahead, we remain cautiously optimistic. While U.S. headline CPI rose in June, disinflationary trends are still evident in core components. Profitability remains strong in key sectors, and Asia continues to benefit from trade gains and pro-growth policies. However, with valuation multiples remaining elevated, the upcoming earnings season will play a pivotal role in supporting the valuation premium. With liquidity conditions stable and market volatility subdued, we maintain a disciplined and balanced approach, guided by bottom-up fundamental analysis in our portfolio construction.
2025 June Market Outlook: Resilient Markets in a World of Risk
Since May, markets have continued to operate in an environment marked by policy uncertainty and rising geopolitical risks. The Trump administration’s 90-day pause on “Liberation Day Tariffs” offered temporary relief, but limited progress in broader trade talks - especially with the EU and Japan - has kept investors cautious. While a limited agreement with the U.K. was reached, the overall trade landscape remains unresolved, affecting sentiment and weighing on risk appetite. Geopolitical tensions escalated in June, particularly with the Israel-Iran conflict. Iran’s threat to close the Strait of Hormuz - a key route for around 20% of global oil supply - triggered a sharp rise in oil prices. This has increased concerns about supply disruptions, global shipping rerouting, and broader instability in the region. The timing of this conflict has added complexity to the inflation outlook. Central banks, including the Fed, were preparing for a potential shift toward easing. However, the surge in oil prices has introduced new uncertainty. In its June meeting, the Fed held rates steady and signaled only one possible cut for the rest of the year, citing persistent services inflation and elevated geopolitical risks. A prolonged conflict could keep oil prices elevated, which may delay or limit policy easing. Concerns over U.S. fiscal stability, driven by political gridlock and unresolved budget discussions, have added to the uncertainty. Despite these challenges, we maintain a cautiously optimistic outlook. Disinflationary trends are taking hold, and market volatility has stayed relatively contained. With a potential easing in tariff tensions, expectations of reduced geopolitical friction, and supportive fiscal and probusiness policies in China and the U.S., global equities are expected to continue recovery. Against this backdrop, we maintain a disciplined and balanced approach, guided by bottom-up fundamental analysis in our portfolio construction.
2025 May Market Outlook: Navigating Volatility Amid Trade Tensions and Monetary Policy Caution
Global Markets The global stock market, as represented by the MSCI World Index, rose 0.74% in April. Gains were primarily driven by robust performance in non-U.S. equities and a temporary easing of global trade tensions. While U.S. markets experienced sharp mid-month volatility following the announcement of sweeping new tariffs, a partial rollback—excluding China—helped restore investor confidence. Resilience in large-cap technology stocks and a rotation into defensive sectors also contributed to gains. Additionally, expectations of monetary easing in select developed markets outside the U.S. provided a tailwind, helping global equities recover despite ongoing geopolitical and trade-related uncertainty. General Outlook and Views April began with heightened volatility following the surprise rollout of the “Liberation Day Tariffs,” which included a blanket 10% levy on all imports and steeper country-specific rates. Markets reacted swiftly—equities tumbled, and Treasury yields dropped as risk-off sentiment took hold. A temporary rebound followed the U.S. decision to pause most tariffs, excluding those on China. However, China’s swift retaliation reignited trade tensions, pulling markets lower once again. Despite the volatility and uncertainty, equities have since staged a robust recovery, supported by a tentative trade truce between the two economic powers. Investor sentiment was buoyed by the prospect of renewed negotiations, contributing to a broad-based rally. Meanwhile, the Federal Reserve opted to keep interest rates unchanged, adopting a cautious, data-dependent approach as it assesses the broader impact of trade disruptions. Recession risks, however, remain elevated amid subdued consumer sentiment, persistent macroeconomic headwinds, and the fragile state of U.S.–China trade negotiations. The Fed’s decision to hold rates steady reinforces its wait-and-see stance, while the recent credit rating downgrade by Moody’s has drawn renewed attention to the U.S.’s long-term fiscal vulnerabilities—adding another layer of uncertainty to the market outlook. Nonetheless, we remain cautiously optimistic. While the broader economic landscape remains clouded by trade policy uncertainty and political volatility, the possibility of continued U.S.–China engagement offers some hope for de-escalation and market stabilization. Against this backdrop of fragile trade dynamics, tightening fiscal credibility, and a patient Fed, we remain focused on navigating near-term volatility through disciplined portfolio positioning. We continue to monitor developments closely, recognizing that trade relations, monetary policy, and political developments will remain key drivers of global growth and market stability in the months ahead. Given the current environment, we believe it remains prudent to refrain from significant portfolio shifts until greater policy clarity emerges.
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.