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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 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.
2024 October Market Outlook: Hong Kong and China Stocks Await Policy Boost as AI Growth Persists in the US
Since the initial surge in the Hong Kong and Chinese stock market, significant profit taking has followed. Despite this, we maintain our view that company valuations in the region remains attractive. The main event that we are monitoring is towards the end of this month, where China holds their Politburo Standing Committee. We expect major stimulus measures to be announced given the state of their economy, and this should result in a positive impact to stock valuations. In the absence of strong stimulus measures, we will be reassessing our view on the region. We remain confident that investments in artificial intelligence (“AI”) applications will remain strong through 2025, driven by the industry's continued high-growth potential. While sales momentum has moderated, we believe this cycle has several more quarters of growth ahead. As a result, we believe that modest selloffs in the US technology sector are potentially attractive entry points.
2024 September Market Outlook: Tech Stocks Face Headwinds as AI Valuations Come Under Scrutiny
Since the last newsletter, technology stocks continued to underperform as investors began to question the premium valuations that these companies command since the start of the artificial intelligence (“AI”) narrative. There is no doubt that AI will result in long-term productivity gains as more companies begin to announce standalone AI products. Additionally, continued improvements in AI hardware will likely accelerate development going forward. As we assess the current investment landscape, we anticipate the road forward for AI-related opportunities to be less smooth than the past year as investors increasingly scrutinize the potential for these AI investments and applications to deliver solid returns. We believe that the first to see widespread AI adoption would be in areas that provide support in pattern recognition and personal assistance. These applications, while not entirely new, have progressed significantly over the past year. To illustrate, Salesforce has recently announced Agent Force, a client servicing bot that is easily customizable for different industry applications. Compared to older chatbots, early adopters of Agent Force have seen a 40% improvement in customer query resolution. In healthcare, doctors are also increasingly using AI to assist with effective diagnosis and drug development. We are well positioned to benefit from increasing AI adoption over the long-term on this front. Where we are looking to gain additional exposure is in AI-related hardware. We are tracking several data center equipment and power management companies. However, these sectors in general are trading at a high premium and are already well-invested. We believe we should take a more considered approach prior to initiating a significant position given the high valuations. The AI landscape is undoubtedly changing very quickly, and we will be flexible on our positions depending on the developments that unfold going forward.