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Banjaran AMC's CEO, Mr. Eric Loo, joins LionTrust’s 20th Anniversary Celebration
Singapore – September 5, 2025 Banjaran Asset Management (Cambodia) Plc. was invited to attend LionTrust Group's 20th-anniversary celebration in Singapore. It was an honor for our CEO and Executive Director, Mr. Eric , to join founders, partners, and industry peers in celebrating this remarkable milestone. LionTrust's two-decade journey is a powerful testament to the impact of trust, culture, and consistency. In an industry often focused on short-term gains, they have proven that genuine relationships and long-term stewardship are what build enduring success. This commitment deeply resonates with Banjaran Asset Management's mission in Cambodia. The principles LionTrust embodies are the very same we strive for: Trust as the cornerstone of every partnership. A collaborative culture that fosters shared purpose. Longevity built through alignment and sustainable growth. We extend our warmest congratulations to the entire LionTrust team. Their legacy of values and dedication is an inspiration, and we look forward to continued collaboration as we both work to shape a stable and prosperous financial future for our respective communities.
Banjaran AMC Shares Insights on Collective Investment Schemes with University Students
On the morning of August 26, 2025, representatives from Banjaran Asset Management (Cambodia) Plc. participated in a training session on "Smart Investing," organized by ACLEDA Securities Plc. with support from the Securities and Exchange Regulator of Cambodia (SERC), the Cambodia Securities Exchange (CSX), and Asia Euro University (AEU). During this training session, with the approval of the management of Banjaran Asset Management (Cambodia) Plc., Mr. Taing Hoy, Legal and Compliance Officer, delivered a presentation on " Collective Investment Schemes (CIS)" introducing new investment knowledge relevant to the securities sector in Cambodia. This training was organized with the aim of promoting financial literacy, fostering effective saving habits, and enhancing smart investment practices among university students.
Shaping Cambodia’s Financial Future: Insights from Industry Leaders
The recent session on 22nd of August 2025, brought together industry leaders to share their expertise on pivotal topics shaping Cambodia’s financial sector. Mr. Eric Loo opened with an impactful presentation on “The Profound Significance of Successfully Launching Cambodia’s First Public Fund for the National Economy and Financial System”. He highlighted Banjaran AMC’s footprint as a pioneer in the Cambodian market, discussing the challenges faced in introducing the country’s first public fund and the company high standards in setting to the industry to ensure transparency, security, and investor confidence. He also emphasizes how this succession brings economic advantages, one such as attracting new investment opportunities and how the CIS can support projects & SMEs in driving growth. His insights underscored the importance of innovation and diligence in building a financial system that strengthens both the economy and the investment landscape. Following this, Mr. Hans Chen from StrongHold Trustee introduced his company and elaborated on the importance of trustee services, underscoring their role in ensuring security, transparency, and trust in the management of collective investment schemes. Finally, Mr. Zhang Dazhi shared his expertise on corporate compliance in Cambodia, discussing practical strategies for businesses to manage risks effectively. He covered key areas including proper tax planning, sustainable growth through EIAs, accurate reporting, and overall adherence to regulatory requirements, providing guidance on how companies can navigate the evolving compliance landscape safely. Together, these discussions highlighted the collective efforts of industry experts in shaping a stronger, more resilient, and forward-looking financial ecosystem for Cambodia.
Banjaran AMC Plays a Key Role at National Seminar on Investment Instruments
On August 14, 2025, Banjaran Asset Management (Cambodia) Plc. participated in a key national seminar focused on "Understanding Investment Instruments and Financing in the Securities Sector." The event, held at the NSSF Headquarters, was organized by the Securities and Exchange Regulator of Cambodia (SERC) and the National Social Security Fund (NSSF) in collaboration with the National Social Security Fund (NSSF), with the support of Cambodia Securities Exchange (CSX), ACLEDA Securities Plc., Banjaran Asset Management (Cambodia) Plc., and Gold Financial Global Investment Co., Ltd. (GFG). It brought together more than 150 participants, including government officials and financial professionals. H.E. Kim Keoreaksmey, Deputy Director General of NSSF, expressed appreciation for the positive impact of the NSSF card in helping citizens with hospital bills and medical expenses, while reinforcing NSSF’s commitment to delivering essential social security and financial services for the benefit of its members. He also acknowledged the importance of investment opportunities in complementing social protection and ensuring long-term sustainability. His remarks reflect the strong support and recognition from high-level government leadership, underscoring the strategic importance of Banjaran AMC collaboration with NSSF in advancing national welfare and long-term economic growth. Mr. Eric Loo , CEO & Executive Director of Banjaran Asset Management (Cambodia) Plc., was at the forefront, highlighting our company’s role as a pioneer in Cambodia’s emerging fund management market. His vision and leadership have been instrumental in advancing new fund initiatives and establishing Banjaran AMC as a first mover in the market. Mr. Low Hon-Yu and Mr. Christopher Wong , our Singapore-based Board Members, also attended to show their full support for this important national effort. This powerful combination of local leadership and global expertise is what sets Banjaran AMC apart. Banjaran AMC's commitment to building a stronger market didn't go unnoticed. H.E. Sou Socheat , Delegate of the Royal Government in charge as Director General of SERC, showed great appreciation as one of the sponsorships in the success of the seminar, and its dedication to educating investors and developing the market. This high-level recognition underscores our crucial role in building trust and spreading knowledge throughout Cambodia’s financial ecosystem. Mr. Nhem Sopaul , Corporate Manager of Banjaran AMC, delivered a presentation on "Collective Investment Schemes (CIS)" that simplified complex financial topics for NSSF officials. He illustrated how these funds can create disciplined, diversified opportunities for everyday Cambodians, reflecting our commitment to empowering investors. Our pioneering work and focus on education sparked a great deal of interest at the seminar. It led to powerful networking and meaningful conversations, with several executives showing interest in our funds. This signals that our efforts to lead the way in Cambodia's investment market are truly succeeding and solidifying our reputation as a trusted market leader. Driven by strong leadership and global expertise, Banjaran AMC is committed to its mission: making investing accessible, promoting financial literacy, and playing a transformative role in Cambodia’s financial future.
Cambodia Capital Markets Assessment Report
On July 11, 2025, Banjaran Asset Management (Cambodia) Plc. had the privilege of participating in the IFC Capital Markets Assessment & Fundraising Event, held at the Hyatt Regency Phnom Penh. This high-level session, hosted by the International Finance Corporation (IFC), brought together key stakeholders across Cambodia’s financial sector—including fund managers, insurance providers, regulators, and banks—to explore strategies for strengthening the country’s capital markets. The discussions centered on unlocking new capital-raising opportunities, with particular emphasis on the development of Cambodia’s bond market as a vehicle for long-term investment and sustainable economic growth. Representing Banjaran AMC were Mr. Aaron Ng , CEO of Banjaran Asset Management Pte Ltd (Singapore), and Mr. Jevin Loo , Business Manager of Banjaran Asset Management (Cambodia) Plc.. During the event, our senior representatives had the opportunity to engage directly with IFC officials, introduce Banjaran AMC’s core mission, and present the impactful work being done through initiatives such as the K-Fund —a Collective Investment Scheme focused on agriculture and empowering local farmers that support the workshop's vision. IFC representatives expressed strong recognition and interest in Banjaran’s vision and ongoing efforts. These interactions helped lay the groundwork for potential future collaboration and opened new doors for strategic engagement in Cambodia’s fast-evolving investment environment. This event marked an important milestone in Banjaran AMC’s ongoing efforts to connect global capital with local opportunity, and to support the development of Cambodia’s financial ecosystem through innovation, transparency, and inclusion.
Banjaran AMC Promotes Smart Investing Through CIS Seminar at Preah Kossamak Polytechnic Institute
On the morning of July 8, 2025, representing Banjaran Asset Management (Cambodia) Plc., Mr. Taing Hoy, Legal and Compliance Officer, delivered an insightful presentation on "Investing in Collective Investment Schemes (CIS)" at Preah Kossamak Polytechnic Institute. His session formed part of the "Intelligent Investment" training program, organized by ACLEDA Securities Plc., with support from the Securities and Exchange Regulator of Cambodia (SERC), the Cambodia Securities Exchange (CSX), and Preah Kossamak Polytechnic Institute., aimed at deepening financial literacy and promoting smart investment practices among students.
National Social Security Fund held an initial meeting to explore investment opportunities with Banjaran Asset Management (Cambodia) Plc.
PHNOM PENH, Cambodia – June 4, 2025 As part of an ongoing review of the country's social security system, an initial meeting took place between the National Social Security Fund (NSSF) of Cambodia and Banjaran Asset Management (Cambodia). The NSSF hosted a key delegation from Banjaran Asset Management (Cambodia) Plc., led by Mr. Eric Loo , CEO and Executive Director to discuss possible collaboration opportunities. The meeting was specially attended and led by two Board of Directors from Banjaran Asset Management Pte Ltd (BAMPL), Singapore. The NSSF's core objectives include enhancing social security benefits for Cambodian citizens and ensuring the prudent management of its funds, and actively contributing to national development initiatives. The meeting discussions centered on the product and services of Banjaran Asset Management (Cambodia) Plc. that corelates to social security fund investments. Both parties expressed strong enthusiasm for this initial meeting as a valuable opportunity to gain mutual understanding of each institution’s goals and services. NSSF representatives welcomed Banjaran AMC's proactive approach and diverse portfolio, recognizing the substantial value such a collaboration could bring –- to strengthening Cambodia's vital social security framework. The meeting concluded with a strong commitment, with hopes that both parties will establish an investment partnership in the near future.
Successful Training on Collective Investment Schemes Held in Kampong Cham
Kampong Cham, Cambodia – May 30, 2025 – A highly successful training session on "Investing in Collective Investment Scheme (CIS)" was held today in Kampong Cham province, providing valuable insights into investment opportunities for attendees. Organized by ACS and supported by Banjaran Asset Management (Cambodia) Plc, the event took place at the National University of Cheasim Kamchaymear at Kampong Cham, Cambodia. Mr. Veasna Monireach, Operation Officer at Banjaran Asset Management (Cambodia) Plc, led the engaging presentation. He delved into the intricacies of Collective Investment Schemes, explaining their benefits, risks, and how individuals can participate in these pooled investment vehicles. The training aimed to enhance financial literacy and empower participants with the knowledge to make informed investment decisions. The event saw a strong turnout, with attendees actively participating in discussions and Q&A sessions, demonstrating a keen interest in understanding investment strategies. This initiative underscores the commitment of ACS and Banjaran Asset Management (Cambodia) Plc to fostering financial education and development within Cambodian communities.
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.
Market Outlook
2026 August Market Outlook: Navigating Volatility
Concerns around the durability of AI-related capital expenditure and intensifying competition triggered a sharp sector sell-off after a mid-July peak. Investor sentiment turned more discerning on the back of earnings season, and questions arose regarding how sustainable the AI investment pace is without eating into cash generation. Capital rotated out of semiconductors and into energy, financials and value stocks, shifting to markets and names seen as less exposed to a single-theme correction. Layered on top was renewed Middle East escalation and its effect on rates expectations. Brent crude spiked back above $100/barrel intermittently after the US reinstated a naval blockade on Iran and announced plans to impose a levy on cargo transiting Hormuz, although the levy was never implemented. This revived inflation concerns and caused markets to price a reduced likelihood of further Fed easing. Elevated US bond yields further weighed on stocks. Looking ahead, renewed conflict or another AI-related pullback could swiftly unwind recent sentiment gains and force a repricing of both rates and earnings expectations. Against this backdrop, we continue to favour a diversified, bottom-up approach that balances exposure to structural AI and technology themes with quality, less crowded names to weather through volatility.
2026 July Market Outlook: Navigating Crosscurrents
Central banks broadly maintained a data-dependent stance through the period and remained watchful even as global energy-driven inflation eased. The Federal Reserve reaffirmed its commitment to price stability even as growth prospects softened, while the European Central Bank similarly balanced improving headline inflation against still-elevated services prices. Closer to home, the Monetary Authority of Singapore raised its 2026 core inflation forecast on concerns that persistent price pressures could dampen household spending. The Hormuz disruption has driven inflation fears that outweigh traditional safe-haven demand. Gold and silver have moved in an unusual, counterintuitive pattern, falling rather than rallying as fighting escalated. In equities, investor sentiment shifted markedly as the AI-led rally that dominated the first half of the year gave way to a bout of volatility, prompting some rotation into value and cyclicals. Asian equities showed sharp dispersion rather than uniform resilience. In July 2026, Hong Kong’s Hang Seng emerged as the standout performer on continued strength in Chinese technology and AI names, while South Korea’s Kospi and Japan’s Nikkei slipped from June’s rebound as the memory-chip optimism and AI trade cooled. Looking ahead, markets remain caught between two competing narratives, a genuine easing of geopolitical and energy-driven inflation pressure, against the risk of renewed hostilities or a resurgence in AI-related volatility, which could quickly reverse recent gains in sentiment and reprice rate expectations. Against this backdrop, we continue to favour a diversified, bottom-up approach that balances exposure to structural AI and technology themes with quality, less crowded names to weather through volatility.
2026 June Market Outlook: From AI-Led Momentum to Persistent Uncertainty—A Disciplined Path Forward
Stronger than expected inflation in the US led newly installed Fed Chair Kevin Warsh to reinforce expectations that any rate cut is more likely in late 2026 or into 2027. Despite this hawkish view, US equities pushed to fresh highs, led by technology stocks. This period also saw Space Exploration Technologies Corp.’s (“SpaceX”) record-setting initial public offering, becoming a focal point for risk appetite and growth sentiment, which further amplified market enthusiasm. In the near term, the success of the SpaceX listing is likely to add further liquidity into space, artificial intelligence (“AI”) infrastructure and adjacent sectors. Investor sentiment remains heavily concentrated in AI-related and technology names, and some investors view the Asian market as a way to increase exposure at more attractive valuations than US technology leaders. Strong momentum in Asia is led by Korea, Taiwan and Japan, which play a central role in the AI and memory chip supply chain. On the other hand, China continues to lag even with incremental policy support. In other key markets, UK equities underperformed their peers, and Eurozone technology stocks performed moderately amid weak macroeconomic data, where the pullback in oil prices eased some inflationary pressure. Markets remain highly sensitive to developments in the Strait of Hormuz, where disruptions and the current partial normalisation of shipping through the strait weigh on energy prices and inflation expectations. Against this backdrop, maintaining well-diversified exposure across geographies and themes remains important. We continue to be highly selective in stock selection, adhering to a disciplined, bottom-up approach to portfolio construction that prioritises quality and resilience to macroeconomic uncertainty.
2026 May Market Outlook: From Record Highs to Rising Uncertainty—A Selective Path Forward
Major indices have reached new highs since the March dip. Strong corporate earnings have reinforced investor confidence and sustained the ongoing risk-on rotation into AI-related stocks. The technology sector now represents a larger share on the MSCI Emerging Markets Index than the S&P 500, underscoring the central role of Taiwan and South Korea in the AI supply chain. With inflation still elevated and growth looking uneven across regions, central banks are balancing financial stability and energy-driven price pressures. Expectations for rate cuts have been pushed out or replaced by further tightening of monetary policy. The new Federal Reserve Chair, Kevin Warsh, known to favour rate cuts, faces inflationary pressures in the US economy that work against the dovish narrative, making rate cuts unlikely. Other central banks, such as the Bank of Japan and the European Central Bank have kept its policy unchanged, but with upward revisions to inflation forecasts, investors expect rate hikes this year. Though markets have appeared resilient to geopolitical shocks, the continuation of the Strait of Hormuz blockage can dampen economic activity through supply chain disruption and entrenching inflationary pressures. Against this backdrop, maintaining well-diversified exposure across geographies and themes remains important. We continue to be highly selective in stock selection, adhering to a disciplined, bottom-up approach to portfolio construction that prioritises quality and resilience to macro uncertainty.
2026 April Market Outlook: From Conflict Shock to Market Strength — What’s Driving the Recovery
Major indices across the countries tumbled in March but abruptly spiked in April upon the announcement of US-Iran peace talks, though the US Navy continues its blockade of the Strait of Hormuz. Record highs in the tech-heavy S&P 500 and strong US corporate earnings reaffirm the market’s resilience throughout the conflict, particularly for demand in technology. Similarly, Asian markets tracked US gains and rallied in April; South Korea’s Kospi and Japan’s Nikkei were also driven by technology related optimism and de-escalation relief. Singapore’s central bank tightened monetary policy while the Bank of Japan cooled rate hike expectations. The situation in China remains mixed with continued weak domestic demand and an ongoing property sector drag, while local banks have outpaced broader market since the war broke out. As markets rebounded and risk sentiment improved in April, we remain highly selective in stock selection while diversifying across markets, maintaining our disciplined, bottom-up approach to portfolio construction.
2026 March Market Outlook: Markets Under Pressure as Geopolitical Tensions Rise
The US-Israel war with Iran has created a delicate balancing act between investing for resilient growth and managing geopolitical volatility. While a "soft landing" remains the baseline for many advanced economies, the landscape has grown more complex following the late-February shocks. On interest rate watch, the US Fed is expected to maintain a "higher-for-longer" stance to counter inflationary pressures from rising energy cost, and to a lesser extent the new 15% global tariffs. Markets are pricing in a sustained "war premium" in energy. With Brent crude hovering near $100, any further escalation in the Middle East could reignite global supply-side inflation, which may lead to extended high-interest-rate environment and hence leading to a sharp global economic slowdown. In China, it has largely stayed away from the Middle East war though it has urged US and Israel to de-escalate and stop its aggression against its ally, Iran. China is amongst the most affected countries by the closure of the Strait of Hormuz, though Iran has allowed some Chinese-flagged oil tankers to transit through. Meanwhile, all eyes are on the implementation of the 15th Five-Year Plan. Success hinges on whether Beijing’s "New Quality Productive Forces" can offset the structural drag of its property sector. After the February technology sector correction and in this current environment of heightened volatility, we remain highly selective in the technology sector while diversifying across markets, maintaining our disciplined, bottom-up approach to portfolio construction.