viTüasßanRKb;RKg nig GPivDÆn_

Institute of Management and Development I.M.D

AssignmentRbFanbT³

dMenIrkarTIpSarmUlbRtenAkm<úCa Securities Exchange in Cambodia

Course: Fundamentals of corporate finance nisSitqñaMTI 3 CMnan;TI 8 CMnaj mhaviTüal½yRKb;RKg

I.M.D

qñaMsikSa 2009 - 2010

viTüasßanRKb;RKg nig GPivDÆn_

Institute of Management and Development I.M.D

AssignmentRbFanbT³ dMenIrkarTIpSarmUlb½RtenAkñúgRbeTskm<úCaSecurities Exchange in Cambodia Course: Fundamentals of corporate finance

I.M.D

eroberogedayRkumnisSit³1.eson suxsan2.can; FU3.Ém rdæa4.» sgða

nisSitqñaMTI 3 CMnan;TI 8 CMnaj mhaviTüal½yRKb;RKg qñaMsikSa 2009 - 2010

viTüasßanRKb;RKg nig GPivDÆn_

Institute of Management and Development I.M.D

AssignmentRbFanbT³ dMenIrkarTIpSarmUlb

I.M.D

RtenAkñúgRbeTskm<úCa Securities Exchange in Cambodia

Course: Fundamentals of corporate finance

KN³kmµkardwknaMnigRtYtBinitü1- elaksaRsþacarü ³ nut Xan; RbFan

..................................................

2- elaksaRsþacarü ³ esg bUra: KN³kmµkar..................................................

3- elaksaRsþacarü ³ Qag nriT§ KN³kmµkar..................................................

RBHraCaNacRkkm<úCa

Cati sasna RBHmhakSRtsaklviTüal½yRKb;RKg nigesdækic©

extþeBaF×sat;

KN³kmµkarRtYtBinitünigvaytMél............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

KN³kmµkar KN³kmµkar htßelxa htßelxa ______________ ______________

esg bUra: Qag nriT§ RbFanKN³kmµkar

htßelxa ______________

nut Xan;

RBHraCaNacRkkm<úCa Cati sasna

RBHmhakSRtsaklviTüal½yRKb;RKg nigesdækic©

extþeBaF×sat;

RkumnisSitRsavRCav nig cgRkgeFVIkic©kar

eQµaH htßelxa

1>eson suxsan ................................

2>can; FU ..............................

3>Ém rdæa.............................

4>» sgða .............................

saRsþacarüdwknaMeFVIkic©k

arhtßelxa

______________

nut Xan;

viTüasßanRKb;RKg nig GPivDÆn_

Institute of Management and Development I.M.D

RbFabbT ³ dMenIrkarTIpSarmUlb½RtenAkñúgRbeTskm<úCa Securities Exchange in Cambodia Course: Fundamentals of corporate finance

RbFanKN³kmµkar Chairman

____________________

nut Xan; )aneXIj nig ÉkPaB

8

I.M.D

eBaF×sat;/ éf¶TI>>>>>>>>>Ex>>>>>>>>>>>>>>>>>>qñaM 2009 nayk Rector __________

Em:n siT§I

9

RBHraCaNacRkkm<úCaCati sasna RBHmhakSRt

lixitEføgGMNrKuNeyIgxJúMTaMgGs;Kña

CaRkumnisSiténsklviTüal½yRKb;RKg nigesdækic© saxaextþeBaF×sat;

sUmEføgGMNrKuN

- raCrdæaPi)al énRBHraCNacRkkm<úCa - RksYgGb;rM yuvCn nig kILa - KN³kmµaFikarRtYtBinitü

KuNPaBGb;rMRbeTskm<úCa énRksYgGb;rM

- salasklviTüal½yRKb;RKg nig esdækic© saxa extþeBaF×sat;

Edl)anGnuBaØat nig pþl;lT§PaBdl;eyIgxJúMTaMgGs;Kña )ansikSaeronsURteRkbCBöak;nUvcMeNH

dwg CMnajmhaviTüal½yRKb;RKg TaMgLay nig bgálkçN³gayRsYlkñúgkareFVIkic©karenH nig GacQan eTArkkarsresrniexbT bBa©b;karsikSa.

sUmEføgGMNrKuNy:agRCaleRCAcMeBaH ³- elak Em:n suT§I saklviTüaFikar én

sklviTüal½yRKb;RKg nig esdækic© - elak nut Xan; saRsþacarü

énsklviTüal½yRKb;RKg nig esdækic© 10

- elak C½y eCOn saRsþacarüénsklviTüal½yRKb;RKg nig esdækic©

- elak eXog NUriT§ saRsþacarüénsklviTüal½yRKb;RKg nig esdækic©

- elak Lúg bUra saRsþacarüénsklviTüal½yRKb;RKg nig esdækic©

- elak xa sIucan; saRsþacarü énsklviTüal½yRKb;RKg nig esdækic© nig elakRKU

GñkRKUdéTeTot EdlCasaRsþacarü enAsklviTüal½yRKb;RKg nig esdækic©

saxaextþeBaF×sat; .Edl)anbgánUvlkçN³gayRsYldl;kareFVIkic©karenH nig CYybgðat;beRgon Bnül;ENnaMGs;BI

smtßPaBnig CYydas;etOnGb;rMRKb;Ebby:agkñúgGMLúgeBlsikSa nig eRkAem:agsikSaknøgmk .

sUmEføgGMNrKuNy:agRCaleRCAcMeBaH ³

- elak nut Xan; saRsþacarü nigCaRbFanKN³kmµkarRtYtBinitü nig EksRmYl

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- elak Lúg bUra sa®sþacarü nig CaKN³kmµkar

- elak eXog NUriT§ saRsþacarü nig CaKN³kmµkar

Edl)anCYybgðat;beRgonnig CYyBinitü Bnül;ENnaM cg¥úlbgðajnUvkic©karenH [RbRBwtþeTAdl;TIbBa©b;RbkbedayeCaKC½y nig eBareBjeTAedayGtßn½y nig xøwmsarRKb;RKan;.

sUmEføgGMNrKuNy:agRCaleRCAcMeBaH ³

- mata bita - Priya RBmTaMgbgb¥ÜnTaMgGs; rbs;eyIgxJúMTaMgGs;Kña Edl)anCYy

bI)ac;EfrkSa pÁt;pÁg; TMnukbMrugGs;BIkMlaMgkaycitþ nig sMPar³RKb;Ebby:ag. pþl;karGb;rMTUnñaneRbon RbedA nigpþl;karKaMRT nig elIkTwkcitþ nigmankarpþl;nUvkarRbwkSal¥ ²RbkbedayRBhµvihaFm’RKb; Ebby:agedIm,ICYyCMrujdMeNIrsikSarbs;eyIgxJúMTaMgGs;Kña)anRbRBwtþeTA)anl¥RbesIr.

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GarmÖkfa elak elakRsI mitþGñkGanCaTIeKarB nig CassrRTUgénRbeTsCatiCaTIesñha kic©karEdl)anerobcMenH KWdMenIrkarén TIpSarmUlb½Rt enAkñúgRbeTskm<úCaenH EdleyIg´TaMgGs;Kña nisSitqñaMTI 3 CMnan;TI 8 CMnaj mhaviTüal½yRKb;RKg qñaMsikSa 2009 - 2010 énsaklviTüal½yRKb;RKg nig esdækic© saxaextþeBaFisat; eFVIeT,IgedayeKarBtamsMnUmBr rbs;elakRKU nut Xan; EdlTukCaÉksarRsavRCav dl;nisitSCMnan;eRkay²eTot. kRmgÉksar dMenIrkarén TIpSar mUlb½Rt enAkñúgRbeTskm<úCaenH RkumeyIg´)anxitxMRbmUlcgRkg nig erobcMeT,IgtamkarRsavRCav BIesovePAemeron mUldæanRKwHhirBaØvtßúén Rkumh‘unsarCIvkmµ rbs;elakRKU nut Xn nig dMenIreq<aHeTAkan;TIpSarh‘unenAkm<úCa ebs;elak hab; vasna nig dkRsg;ecjBIkic©karrbs;bg ehOn h‘unñI nig Kg; sMNag EdlCaeromc,gd¾CMnajkñúgkarerobcMcgRkgÉksarCaeRcInTukCaRbeyaCn¾rYmdl;nisSitCMnan;eRkay.

eyIg´sgÇwm nig eCOCak;fa ÉksarenHpþl;nUvKMnitRtiHriH BicarNa nig CaCMnYysµaetI

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kñúgkarsikSaEsVgyl;GMBIcMenHdwgkñúgkic©karTak;TgeTAnig TIpSarmUlb½Rt enAkm<úCa edIm,IeqøIytbeTA nwg tMrUvkarrbs;nisitS kñúgkarRsavRCavbEnßm.

eyIg´TaMgGs;KñasUmdak;CUnnUv ÉksarenHcMeBaH elak elakRsI elakRKU GñkRKU sisS nisitS nig mitþGñkGanemtþaCYyEksMrYlelIBaküeBcn¾eXøagXøa RbeyaK EbbbT Edlyl;faKYrsresrbEnßm edIm,IrcnarGaymanPaBRbesIreT,IgnUvRKb;kal³eTs³ nig tMrUvkñúgsgÁmExµr.

sUmGP½yeTasRKb;kMhusEdlekItmaneT,IgkñúgÉksaeenH RkumeyIg´nigsVaKmn¾Gs;BIdYgcitþnUv karticetonkñúgn½ysßabna nig ral;eyabl;epSg²edm,IeFVI[emeronenHkan;EtmanPaBRbesIreT,igEfmeTot.

eBaFisat; éf¶ TI 22Ex sIha qañM 2009 tMNagRkumnisitS

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matikaGtßbTxøwmsareFVIkic©kar TMB½r 1-esckþIepþIm ³ 11dMeNIkarpSarmUlbRtenAkm<úCa>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>12

1>pSarmUlbRtCaGVI ?>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>12

1>1 muxgarbs;pSarmUlbRt>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>12

1>2 KuNsm,tþirbs;pSarmUlbRt>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>12

1>3 KuNvibtþisMrab;karbegáItTIpSarmUlbRt>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>132-RbvtþiénkarbegáItpSarmUlbRtenAkm<úCa>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>133- TidæPaBTUeTAedIm,IeGaypSarmUlbRtGacdMeNIkar)an>>>>>>>>>>>>>>>>>>>>>>>>>>>>13

15

3>1 ehtuplénkarbegáItTIpSarmUlbRtenAkm<úCa>>>>>>>>>>>>>>13

3>2 FatupSMsMxan;cMnYn4EdlGacdak;eGaydMeNIrkar)annUvTIpSar mUlbRtenAkm<úCa>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>154-lT§plsMerc)anknøgmkkñúgdMeNIreq<aHeTAbegáItpSrmUlbRtenAkm<úCa>>>>>>>>>>>>16

4>1 lT§plsMerc)anEdlTak;TgeTAnwgkarGPivDÆn_vis½y esdækic©>>165-bBaðaRbQmmuxcMeBaHkarbegáItpSarmUlbRtenAkm<úCa>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>18

5>1 bBaðaRbQmTak;Tgnwgc,ab;>>>>>>>>>>>>>>>>>>>>>>>>>>>>18

5>2bBaðaRbQmTak;Tgnwgniyt½krTIpSarmUlbRt>>>>>>>>>>>>>>19

5>3 bBaðaRbQmTak;Tgsþg;daKNenyü>>>>>>>>>>>>>>>>>>>>>19

5>4 bBaðaRbQmTak;TgnigkarGPivDÆn_FnFanmnusS>>>>>>>>>19

5>5 bBaðaRbQmTak;TgRkumh‘une)aHpSayPaKh‘unlk;>>>>>>>>>20

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5>6 bBaðaRbQmTak;TgnwgGñkvinieyaKelIbNѽPaKh‘un>>>>>>>206> dMeNaHRsaycMeBaHkarbegáItpSarmUlbRtenAkm<úCa>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 20

6>1 RbePTénkarsMerccitþ>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>20

6>2 dMeNaHRsaycMeBaHCMerIsTI1>>>>>>>>>>>>>>>>>>>>>>>>>>>>>21

6>3 dMeNaHRsaycMeBaHCMerIsTI2>>>>>>>>>>>>>>>>>>>>>>>>>>>>>21

6>4 dMeNaHRsaycMeBaHCMerIsTI3>>>>>>>>>>>>>>>>>>>>>>>>>>>>>21

6>5 srubesckþI >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>217-esckþIsnæidæan Éksareyag>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>22 esckþIepþIm

karbegáIteLIgnUvpSarPaKh‘unvaCaerOgmYyEdlmankarlM)akCaTIbMput.karelIkeLIgenH vaCakarRtwmRtUveRBaHfa kñúgeBlEdlRbeTskm<úCaeyIgBuMTan;manc,ab;

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Tmøab;RKb;RKan;Edl GaceGaydMeNIrkar)an .mkTl;eBlenHRbeTskm<úCa kMBugQaneq<aHeTAmux eTArkkarGPivDÆn_nUvRKb;vis½yTaMg Gs; dUcCa vis½yesdækic© nig hirBaØvtßú k_mankarrIkcMerInKYreGaykt;sMKal;pgEdr. raCrdaæPi)alPi)al vis½yÉkCn )anxitxMRbwgERbgerobcMnUvc,ab;Tmøab;CaeRcIn CaBiessedaymanRksYgesdækic© nig hirBaØvtßú RksYgBaNiC¢kmµ nig FnaKarCatiénkm<úCa EdlCaesnaFikarkñúgkarerobcM nig GPivDÆn_kñúgEpñkesdækic© nig hirBaØvtßú. sßab½nTaMgenH )anxitxMRbwgERbgerobcMcgRkg nig begáIteLIgnUvc,ab;sMxan;² EdlCatRmUvkarcaM)ac;kñúgdMeNIrkareq<aHeTAbegáIt TIpSarmUlbRt TIpSarPaKh‘un TIpSarsBaØabNѽ TIpSarrUbiyvtßú TIpSarGnþrFnaKar nig TIpSarhirBaØvtß nig TIpSar hirBaØvtßúepSg²eTot.

kñúgkarGPivDÆn_vis½yesdænic© nig hirBaØavtßú RksYgesdækic© nig hirBaØvtßú RksYgBaNiC¢kmµ nig FnaKarCati énkm<úCa )anerobcMcgRkgnUvc,ab;mYycMnYn edIm,IbBa¢ÚneTATIsþIkarKN³rdæmRnþI nig c,ab;mYycMnYn)anGnum½tBIsPaCati nig c,ab;mYycMnYnEdlBak;Bn§½ nig vis½yenHk_enAminTan;mankarGnum½tBIsPaCa

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tienAeLIyEdrenHCaktþa]bsKÁ mYyeTot EdlnigekItmaneLIg .

karGPivDÆn_nUvTIpSarmUlbRt vaminEmnGaRs½yeTAelIvis½yc,ab;EtmYymuxeLIy KWvaBwgEp¥keTAelIvis½y nig ktþaCaeRcIneTot dUcCaktþaehdæarcnasm<n§½EdlTak;TgeTAnigvis½yhirBaØvtßú ktþaénGñkRKb;RKgRtYtBinitüEdlCaniyt½krénTIpSarmUlbRt b¤TIpSarPaKh‘unenH eRkABImanGñkRKb;RKgnigRtYtBinitül¥ehIy KWRtUvmanGñkcUlrYm e)aHBum<pSBVpSaypgEdr. karbNþúHbNþalFnFanmnusSkñúgEpñkbec©kviTüa EdlTak;TgnigRbtibtþikar rbs;TIpSar PaKh‘unenHKWCaktþaEdlsMxan;EdlminGacxVH)aneLIy.

kareRkakQredayxøÜnÉg edaymankareRCamERCgBIRbeTsm©as;CMnYypg enaH )aneFVI[RbeTskm<úCa RtUv)anRbeTs]sSahkmµeCOnelOnmYycMnYn EbrmuxmkrksuIenAkñúgRbeTskm<úCamYycMnYnEdr . b:uEnþCaGkusl m®nþIEdlkMBugbMerIkargarenAkñúgsßab½nsMxan;²enAkñúgRbeTsenH manGMeBIBukrlYyeRcIneBk eFVI[GñkvinieyaK TunkñúgRbeTs]sSahkmµeCOnelOnmYycMnYnmankarraErkcitþkñúgkare)aHTunrksuIenAkñúgRbeTsd¾kMst;enH . eTaHCamansßan PaBEbbenHk¾eday k¾raCrdæaPi)alkm<úCa enAEtRbwgERbgbegáItnUvyuT§sa®sþCaeRcInEfmeT

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ot edIm,Ilb;bM)at;nUvPaBGskmµ rbs;m®nþIykeCIgraTwkTaMgenaHCabeNþIr ehIyynþkarmYyEpñkeTotenaHKW raCrdæaPi)alkm<úCa eFVIkarR)aRs½yTak;TgCamYy GñkvinieyaKTunFM²enAkñúgRbeTseCOnelOnTaMgenaH edIm,IekogKrTunvinieyaKRbeTsrbs;xøÜnCabnþeTotEdr . Cak;Esþg vinieyaKinénRbeTskUer: )anQaneCIgcUlmkvinieyaKTunCaeRcInenAkñúgRbeTskm<úCa . bEnßmBIelIenH raCrdæaPi)alkm<úCa)an elIkTwkcitþrdæsPaénRbeTsrbs;xøÜn[Gnum½tnUvc,ab;sþIBITIpSarmUlb½RtEdleRKagnwgbegáItnUvcugqñaM2009enH b:uEnþCaGkusl dMeNIrkarpSarmUlb½RtenHRtUv)anelIkkalevlaeTAvij edaysarvibtþiesdækic©elIBiPBelakEdleyIgTaMgGs;Kña)an

edIm,IsMerc)annUveKalbMNgenH kñúgCMBUkbnþbnÞab; eyIgnig sikSaRsavRCav nig BinitüemIlfa etITIpSarPaKh‘unenHvanigekIteLIgedayrebobNa ? Rbvtþi nig karpÞÜcepþImkarerobcMkargarenH)ankMritNa nig mUlehtucMbg² kñúgkarbegáItpSarPaKh‘unenAkm<úCa bBaðaRbQmmux nig dMeNaHRsayy:agNa .

sMKal; ³ enHRKan;EtCaTMrg;x

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øH²b:ueNÑaH sUmbEnßmnUvcMnucfµIEdlGñk)anRsavRCavRBmTaMgEksMrYleLIgvijpg. bBa¢ak;maneQµaHsaRsþxøHxus sUmeFIVkarEksMrYlpg.

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