Shares in Phnom Penh Water Supply Authority (PPWSA) fell another KHR20 to a new record low of KHR3,980 (-4.78% MTD, -21.65% YTD), dropping below KHR4,000 for the first time since its listing. The first nine months of the year saw net profit decline by 23.1% YoY as net finance cost soared. Based on 12-month-trailing (4Q15~3Q16) earnings and today’s close, the stock is trading at a P/E of 7.85x. (Source: YSC Research)