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Banjaran AMC and ACLEDA Securities Host Investment Workshop for Forte
Banjaran Asset Management (Cambodia) Plc., in collaboration with ACLEDA Securities Plc., successfully organized a workshop on “Golden Investment Opportunities in Securities Sector” for the Management team and staff of Forte General Insurance Plc., and Forte Life Assurance Plc., on 06 August 2026 at Forte Office, One Park Tower. The workshop provided participants with valuable insights into the BAMC Asia Equity Fund (BAEF), including its key features, investment strategy, and the opportunities available through investing in a professionally managed fund licensed by the Securities and Exchange Regulator of Cambodia (SERC). During the session, Mr. Sok Chantola, Deputy Sales & Marketing Manager of Banjaran Asset Management (Cambodia) Plc., delivered a presentation on “Investment Value and Benefits of the BAMC Asia Equity Fund (BAEF)”, sharing knowledge on investment opportunities and the benefits of BAEF as part of Cambodia’s growing securities sector. This workshop marks another important milestone under the Strategic Partnership between Banjaran Asset Management (Cambodia) Plc., ACLEDA Securities Plc., Forte General Insurance Plc., and Forte Life Assurance Plc., with the aim of enhancing investment awareness, strengthening collaboration, and creating opportunities for future business growth. #BanjaranAMC #BAEF #CIS #Investment #Strategic #Financial
Banjaran AMC Participates in Trust Forum 2026
Banjaran Asset Management (Cambodia) Plc. was honored to participate in the “Trust Forum 2026” under the theme “Trust in the Dynamics of Stakeholder System and Achievements over the Past Five Years,” organized by the Trust Regulator (TR) and presided over by H.E. Akka Pundit Sapheacha AUN Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance, and Chairman of the Non-Bank Financial Services Authority Council, on 4 August 2026 at Sokha Phnom Penh Hotel. The Forum brought together senior government officials, regulators, trust-sector operators, financial institutions, and industry experts to strengthen networks, exchange insights, and shape the future of Cambodia's trust sector. Delivering the welcome address, H.E. SOK Dara, Director General of the Trust Regulator, highlighted five years of remarkable growth in Cambodia's trust sector while reaffirming ongoing efforts to foster a transparent, resilient, and sustainable ecosystem. Representing Banjaran Asset Management (Cambodia) Plc., Mr. Eric Loo, CEO & Executive Director of Banjaran Asset Management (Cambodia) Plc., attended the landmark event. As a licensed fund management company in Cambodia, Banjaran AMC remains committed to working alongside and supporting our Trustee partners, driving collaboration, strengthening market confidence, and supporting the long-term growth of the financial and investment landscape.
Golden Investment Workshop – ACLEDA Bank Tuol Kouk Branch
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 at ACLEDA Bank Plc., Local Branch (Khan Tuol Kouk, Sangkat Boeng Kak Ti Muoy), on the morning of 01 August 2026. 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.
Investment Workshop at ACLEDA Bank - Cheung Prey Branch
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 at ACLEDA Bank Plc., Cheung Prey District, Soutib Commune, Kampong Cham Province, on the morning of 18 July 2026. 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.
Banjaran AMC Conducts 3rd Round Roadshow Workshop at ACLEDA Bank Pur Senchey Branch
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 at ACLEDA Bank Plc., Local Branch (Khan Pur Senchey, Sangkat Chaom Chau 3), on the morning of 11 July 2026. 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.
Banjaran AMC Strengthens Investor Value through Strategic Partnership with ACLEDA Securities and Forte Group
A strategic partnership agreement was formalized by Banjaran Asset Management (Cambodia) Plc. ("Banjaran AMC") with ACLEDA Securities Plc., Forte General Insurance Plc., and Forte Life Assurance Plc. at a ceremony held at the ACLEDA Securities Hall, with the signing taking place on 6 July 2026. Under the new strategic agreement, investors who subscribe to the BAMC Asia Equity Fund (BAEF) will now receive insurance coverage provided by Forte Life Assurance and Forte General Insurance. This added incentive offers investors not only the opportunity to grow their wealth but also the security and peace of mind that comes with protection from one of Cambodia's most trusted insurance providers. This signing marks only the beginning of a deeper, long-term collaboration. Banjaran AMC, ACLEDA Securities, and the Forte Group stand united in their commitment to advancing the growth and maturity of Cambodia's financial market. Together, they will leverage their combined expertise and resources to raise the bar for investment services and create lasting value for Cambodian investors.
Banjaran AMC Continues 3rd Round Roadshow with Successful Investment Workshop at ACLEDA Bank Boeng Keng Kang Branch
On the morning of 04th July 2026, Banjaran Asset Management (Cambodia) Plc., in collaboration with ACLEDA Securities Plc., and ACLEDA Bank Plc., and Local Branch (Khan Boeng keng Kang – Sangkat Tumnob Tuek), successfully conducted another session of the Workshop on “Golden Investment Opportunities in Securities” under the 3rd Round Roadshow Program, held at the meeting hall of the ACLEDA Bank Plc., Local Branch (Khan Boeng keng Kang – Sangkat Tumnob Tuek). 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.
Banjaran AMC and ZO Motors Sign Strategic Collaboration Agreement to Advance Sustainable Development in Cambodia
On the morning of 14 June 2026, Banjaran Asset Management (Cambodia) Plc. and ZO Motors (Cambodia) Co., Ltd., officially signed a Strategic Collaboration Agreement (SCA), marking a significant step toward advancing sustainable transportation, clean energy, and innovative agricultural financing in Cambodia. The event was graced by the presence of H.E. Sou Socheat, Delegate of the Royal Government in charge as Director General of the Securities and Exchange Regulator of Cambodia (SERC), together with senior officials from the SERC. The ceremony was also attended by key leadership representatives, including Mr. He Dong, Global CEO of ZO MOTORS (Cambodia) Co., Ltd., Mr. Eric Loo, CEO & Executive Director of Banjaran Asset Management (Cambodia) Plc., Mr. Zhao Wenbo, Regional CEO of ZO MOTORS (Cambodia) Co., Ltd., and Dr. Im Sothearith, Executive President of ZO MOTORS (Cambodia) Co., Ltd. This strategic partnership reflects a shared commitment to driving economic growth, supporting local farmers through the Kasekam Insurance Fund (K-Fund), and accelerating Cambodia’s transition toward a greener and more sustainable future. Together, both organizations are committed to strengthening financial solutions, expanding investment opportunities, and contributing to Cambodia’s long-term economic development.
Leadership of the Securities and Exchange Regulator of Cambodia Visits ZO MOTORS Showroom Following Strategic Collaboration Agreement
Following the “Strategic Collaboration Agreement (SCA)” signing, H.E. Sou Socheat, Delegate of the Royal Government in charge as Director General of the Securities and Exchange Regulator of Cambodia (SERC), together with senior officials from SERC, conducted a follow-up visit to the showroom of ZO MOTORS (Cambodia) Co., Ltd. During the visit, H.E. Sou Socheat , was briefed on the electric vehicle models of ZO MOTORS (Cambodia) Co., Ltd., its operational capabilities, and its integrated ecosystem supporting both sustainable transportation and logistics solutions. In particular, the collaboration between Banjaran Asset Management (Cambodia) Plc. and ZO MOTORS (Cambodia) Co., Ltd. is aimed at strengthening the implementation of the Kasekam Insurance Fund (K-Fund), including support for efficient transportation and logistics in connection with field operations. The visit also highlighted ZO MOTORS (Cambodia) Co., Ltd.’s EV charging infrastructure, including electric vehicle charging facilities that further support the adoption and operation of electric mobility solutions in Cambodia. The visit was joined by the leadership representatives, including Mr. He Dong, Global CEO of ZO MOTORS (Cambodia) Co., Ltd., Mr. Eric Loo, CEO & Executive Director of Banjaran Asset Management (Cambodia) Plc., Mr. Zhao Wenbo, Regional CEO of ZO MOTORS (Cambodia) Co., Ltd., and Dr. Im Sothearith, Executive President of ZO MOTORS (Cambodia) Co., Ltd. This engagement reflects strong regulatory collaboration and continued support for innovation, green finance initiatives, sustainable development, and investment in the Kingdom of Cambodia. Leadership of the Securities and Exchange Regulator of Cambodia Visits ZO MOTORS Showroom Following Strategic Collaboration Agreement
市场展望
2025年3月市场展望：政策调整与经济不确定性下的谨慎乐观
中国 “ 两会 ” 的结束为中国及香港市场注入了一定乐观情绪。主要政策措施包括维持 5% 的经济增长目标，并将财政赤字扩大至国内生产总值 (GDP) 的 4% 。北京还承诺将加大对私营部门及前沿技术的支持。投资者对这些公告的反应总体积极，因为政府正将重点转向恢复私营部门活力，从而推动经济增长。我们认为，由于近年来全球对中国的整体情绪偏负面，这一积极势头仍处于初期阶段。 美国主导的贸易关税上调引发了显著的政治与经济不确定性，主要通过增加消费者和企业的成本，以及潜在的贸易伙伴报复措施。这导致市场波动加大，并抑制了企业乐观情绪。鉴于贸易相关事件可能对全球供应链产生影响，我们对其发展保持谨慎。然而，我们认为目前尚不宜进行重大投资组合调整，因为历史数据显示供应链对环境变化具有一定韧性。 美国消费者信心因通胀预期上升而骤降。消费者在支出上愈发谨慎，担心购买力下降。这种犹豫还受到零售销售等经济指标放缓的强化。数据进一步显示，餐饮服务行业销售明显下降，这可能预示消费者需求减弱。我们将密切关注这一变化是短期波动，还是更广泛负面趋势的开端。 当前，我们对投资组合的风险定位仍感舒适，组合在各行业和地区间保持良好分散。
2025年2月市场展望：Deepseek震撼AI领域——中国科技复苏刚刚起步？
Deepseek 的推出标志着中国在人工智能领域的一项重要进展。该初创公司声称，其开发的模型在效率上远超美国企业普遍采用的模型，并且仅用 600 万美元完成开发，同时向全球公开提供使用。这与美国科技公司动辄投入数十亿美元的做法形成鲜明对比。此外， Deepseek 模型的可用性也引发了关于 AI 基础设施投资可能减少的担忧。我们认为，此类投资仍将持续，因为美国将人工智能视为国家安全问题，并将继续推进自身 AI 模型的发展。 Deepseek 的崛起也重新吸引了投资者关注中国科技企业，其股价出现强劲反弹。尽管股价飙升迅速，但估值仍在合理区间，不过我们预计在近期上涨过程中可能会出现获利回吐。考虑到全球投资者过去几年对中国持负面态度，我们认为中国股市的这一积极转变仍处于初期阶段。我们将密切关注主要中国科技公司的未来财报，以及即将召开的中国政府 “ 两会 ” 等关键政治事件，这些发展可能进一步提振投资者对中国的兴趣。 迄今为止，我们关注的大部分美国科技公司财报仅略微低于预期，但随之出现了显著的股价修正。我们认为，这主要源于分析师预期过高及估值偏高，即便是小幅盈利不及预期也会放大市场波动。不过，整体市场情绪依然积极，且经济尚未显示衰退迹象，因此我们将继续维持现有仓位。
2025年1月市场展望：应对全球格局变化的策略
在我们上一次的更新中，我们简要分享了对 2025 年的展望，并维持此前观点：市场风险将主要由三大因素驱动 —— 美国利率轨迹的不确定性、我们关注板块中美国股市估值偏高，以及全球地缘政治风险升温。这些因素可能导致股市波动率高于近年来的水平。然而，这并不意味着股价会骤跌，我们只是认为在资产配置和股票选择上应采取更加谨慎的策略。 美国股市受益于其经济韧性以及在人工智能 (AI) 技术领域的领先地位。这导致市场对盈利的预期已充分反映在股价中，但考虑到潜在关税风险及整体经济降温，我们认为这一预期偏乐观。有观点认为，特朗普政府可能通过减税来提振企业盈利并控制利率，尽管通胀风险仍在。我们认为，要同时协调这些措施以利好美国经济将存在挑战，任何重大政策公告、盈利不及预期或经济数据意外都可能引发市场短期剧烈反应。 对于东盟国家而言， “ 中国 +1” 的概念有利于其经济，但他们可能仍无法完全免受美国关税影响，因为特朗普已表示关注对欧盟和加拿大等盟友征收关税的可能性。此外，近期美国技术出口管制趋严，东盟国家并未列入获准无限制获取先进半导体的 “ 美国盟友 ” 名单。 在其他发达市场，如主要欧盟国家及日本，我们认为其经济仍在努力实现实质性复苏。结合持续的地缘政治环境，我们将继续在这些地区采取精选增配策略。 在我们关注的国家中，我们认为中国可能成为 2025 年的亮点，前提是政府采取有力且果断的措施。尽管官方已宣布刺激经济的宏伟目标，但我们认为具体行动尚未落实。在显著增加对该地区的投资比重前，我们将关注中国关键政策会议是否出台可执行计划。
2024年12月市场展望：在全球经济转变中平衡谨慎与机遇
近期，中国政府对稳定房地产市场和刺激国内消费表现出越来越强的紧迫感，官方表述也比以往更为明确。然而，由于这些大多属于高层声明，我们对其实际落实仍保持审慎态度，考虑到近年来中国政府在实施实质性经济刺激方面一直较为谨慎。 在美国，我们也观察到价值股受到越来越多投资者关注，投资者在 “ 七巨头 ” 公司集中涨幅的背景下，寻求被低估公司的机会。高盛预测，以当前估值水平来看，标普 500 指数在未来 10 年的年化回报仅为 3% 。尽管如此，我们仍将保持专注并精选美国投资机会 —— 在回调时买入，关注被低估的股票，甚至考虑市值较小但具有差异化商业模式或产品的公司。我们认为，在全球经济与地缘政治不确定性增加的情况下，这种策略更为稳妥。
2024年11月市场展望：平衡中国刺激政策与美国政治变动
中国政府宣布计划推出额外 6 万亿元人民币的方案，以支持地方政府债务负担。同时，中国财政部长也给出前瞻性指引，表示将推出新措施进一步稳定房地产市场。尽管 6 万亿元的数字看起来颇为可观，但实际上吸引力有限，因为债务置换将分三年逐步进行。此外，地方政府在债务状况改善后如何刺激各自经济仍存在不确定性。值得积极关注的是，房地产销售已有初步回升。然而，考虑到目前盈利表现温和，我们认为在进一步刺激措施出台前，中国股市短期估值可能仍将维持区间震荡。 在美国，总统选举结果显示共和党获得两院控制权 ( 红色席卷 ) 。这一变化预计将推动更为果断的政策行动，对美国国内企业有利。然而， Donald Trump 总统的政策反复性可能导致市场出现阶段性波动，尽管政策方向趋于明确。 展望 2025 年，我们对科技公司保持建设性态度。鉴于整体估值水平仍然偏高，且经济增长仍在正常化过程中，我们将采取精选方式建立新仓位。我们注意到股市在面对意外经济数据或略微盈利不及预期时波动较大，这主要源于整体市场的高估值水平。尽管令人失望的盈利结果可能预示企业业绩开始恶化，但从长期来看，这些反应往往被过度放大，从而提供了有吸引力的买入机会。
2024年10月市场展望：港股与中国股市等待政策提振，美股人工智能 (AI) 增长持续
自香港及中国股市初期上涨以来，市场出现了显著的获利回吐。尽管如此，我们仍认为该地区公司的估值具有吸引力。我们重点关注的事件是在本月底召开的中国政治局常务委员会会议。鉴于经济状况，我们预计将出台重要刺激政策，这应对股市估值产生积极影响。如果未出台有力的刺激措施，我们将重新评估对该地区的看法。 我们对人工智能应用领域的投资仍保持信心，预计 2025 年该领域将继续强劲增长，这得益于行业持续的高增长潜力。尽管销售势头有所放缓，但我们认为本轮增长周期仍有几个季度可持续。因此，我们认为美国科技板块的适度回调可能提供有吸引力的入场机会。