Retail brokerages
Retail brokerages
Hello, how are you doing all?
A little bit about myself. I am of Khmer origins. My family emigrated from Cambodia a little bit after the fall of Phnom Penh to the KR in 75.
I was born,educated and raised in Canada.
So to make a long story short,
I worked as a junior stock broker/assistant for one of the major insurance companies in Canada(basically a cold caller working for a 50% share on commissions with the broker, no base salary) and quit out of frustration due to being lied to by my boss. Also because of the fact that I realized that the firm had very little incentive to promote their juniors to full blown licensed brokers.
I'd still like to get in the industry and I have confidence in my sales abilities.
So I'm looking elsewhere outside my hometown... I read that the stock exchange opened not long ago, so how is the job market for stock brokers in cambodia? Are there any legitimate organizations or are they all boiler rooms? How rampant is nepotism in the industry?
It does seem like a fairly long/odd shot because throughout my childhood I was reminded of the rampant corruption over there and the outright gangsterism of public officials. It's likely I'll consider other cities in Canada, and then other western countries such as the UK or even France long before this.
Still , I have the luxury of being young, having no real attachment and being able to change up my plans in a jiffy. if you have stories or opinions, I'd be glad to hear them.
A little bit about myself. I am of Khmer origins. My family emigrated from Cambodia a little bit after the fall of Phnom Penh to the KR in 75.
I was born,educated and raised in Canada.
So to make a long story short,
I worked as a junior stock broker/assistant for one of the major insurance companies in Canada(basically a cold caller working for a 50% share on commissions with the broker, no base salary) and quit out of frustration due to being lied to by my boss. Also because of the fact that I realized that the firm had very little incentive to promote their juniors to full blown licensed brokers.
I'd still like to get in the industry and I have confidence in my sales abilities.
So I'm looking elsewhere outside my hometown... I read that the stock exchange opened not long ago, so how is the job market for stock brokers in cambodia? Are there any legitimate organizations or are they all boiler rooms? How rampant is nepotism in the industry?
It does seem like a fairly long/odd shot because throughout my childhood I was reminded of the rampant corruption over there and the outright gangsterism of public officials. It's likely I'll consider other cities in Canada, and then other western countries such as the UK or even France long before this.
Still , I have the luxury of being young, having no real attachment and being able to change up my plans in a jiffy. if you have stories or opinions, I'd be glad to hear them.
You obviously have no idea about the stock market here. The industry employs about 3 people outside of the Korean Stock exchange. There are 2 entities listed on the board. Just do some searches on the internet if you know of the internet!!!!! It's a thing you can do with a computer.
If you are interested in lion taming there would be much greater opportunity for you in Cambodia.
Check it out!!
If you are interested in lion taming there would be much greater opportunity for you in Cambodia.
Check it out!!
2 now? They are moving quickly on this! !Torino wrote: There are 2 entities listed on the board.
What's the second one (I remember the water company, I think)?
[quote="Torino"]You obviously have no idea about the stock market here. The industry employs about 3 people outside of the Korean Stock exchange. There are 2 entities listed on the board. Just do some searches on the internet if you know of the internet!!!!! It's a thing you can do with a computer.
If you are interested in lion taming there would be much greater opportunity for you in Cambodia.
Check it out!![/quote]
Yeah but if you don't have have direct experience, I'm not interested in what you have to say.
If you are interested in lion taming there would be much greater opportunity for you in Cambodia.
Check it out!![/quote]
Yeah but if you don't have have direct experience, I'm not interested in what you have to say.
You can't handle the truth.Hisoyaki wrote:
Yeah but if you don't have have direct experience, I'm not interested in what you have to say.
Still only one company traded, although the government has plas to do IPOs fir two more SOEs. Very little trading and just a handful of brokers who must be incredibly underworked.
Not a chance of any work here in thus field for at least a decade.
Not a chance of any work here in thus field for at least a decade.
http://www.phnompenhpost.com/business/c ... -ipo-april
Cambodia bourse to get second IPO in April
Thu, 23 January 2014
Daniel de Carteret
Taiwanese garment factory Grand Twins International will be the second company to go public on Cambodia’s fledgling stock exchange, the Securities and Exchange Commission of Cambodia (SECC) confirmed yesterday.
In a first for Cambodia’s turbulent garment sector, Grand Twins – the second largest garment factory in Cambodia, according to its own statistics – anticipates listing in April, according to Chhun Sambath, director of the security insurance supervision department of the SECC. It will join the Phnom Penh Water Supply Authority.
“[The company] has prepared quite well,” Sambath said in a recent interview, adding that Grand Twins was calculating an opening price somewhere between $1.85 and $3.50 per share. A pitch to potential investors says that 8 million shares are going up for sale in the IPO.
The firm did not return calls yesterday, but the manufacturer’s marketing material says it had some 5,700 employees in 2012, and that nearly 90 per cent of the clothing produced at the factory ships to sports retail giant Adidas.
Grand Twins first announced listing plans in 2011 but delayed the IPO several times, once over disagreements regarding share prices.
- Petrol Head
- Grand Poobah
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Tell me you are actually the Wolf of Wall Street!
Haha - my money’s on Playboy
- vladimir
- Feminist Watch List
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I don't have much experience with Stock Exchanges, but please tell me if I'm wrong in thinking that Cambodia is the last stock exchange on earth people should use, especially since the internet made electronic trading through so-called 'respected' exchanges easy...
ירי ילדים והפצצת אזרחים דורש אומץ, כמו גם הטרדה מינית של עובדי ההוראה.
- xtreme
- I have some social problems
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haha, so "true".vladimir wrote:I don't have much experience with Stock Exchanges, but please tell me if I'm wrong in thinking that Cambodia is the last stock exchange on earth people should use, especially since the internet made electronic trading through so-called 'respected' exchanges easy...
The only problem is that you can trade stocks only at those exchanges where they're listed. So, as an example, if you think that NYSE tops the Cambodian stock exchange (whatever its name is) when it comes to reputability and high moral values (they're good and honest Christian traders, after all, for Chrissake), you might well find that your favorite Cambodian company you'd like to invest in (not that I'd recommend it, ever) simply isn't listed there.vladimir wrote:I don't have much experience with Stock Exchanges, but please tell me if I'm wrong in thinking that Cambodia is the last stock exchange on earth people should use, especially since the internet made electronic trading through so-called 'respected' exchanges easy...