COST OF WATER PURCHASE BY PBA FROM PENANG GOVT CUT BY 50% FOR YEAR 2018
See
Reference is made to the earlier announcements released by the Company on 7 March 2016 and 14 March 2016 respectively pursuant to Paragraph 10.09 of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad (“Listing Requirements”) in relation to the increase of Water Intake Fee from the rate of 3 sen per cubic meter (“per cu.m”) to 6 sen per cu.m imposed by the State Government of Penang against a wholly-owned subsidiary of the Company, namely Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (“PBAPP”) based on PBAPP’s actual production volume annually from year 2016 to 2018.
Since water is "Free From The Sky" It is the cheapest resource"
THERE ARE 3 STRONG SOLID FUNDAMENTAL IN FAVOUR OF PBA
1) WATER IS A NECESSITY. THEREFORE RECESSION PROOF
2) COST NOW REDUCED BY 50%
3) TARIFF EXPECTED TO INCREASE (SO WITH LOWER COST AND HIGHER BILLING PROFITS WILL SKYROCKET!!)
They should privatized PBA too as there is conflict of interest with the Penang citizen. A corporate should prioritize on shareholder's interest but i think PBA is citizen first.
no body care about PBA minor investors ...... can somebody ask management to give special dividends for once? this counter cold like ice water....phhhewwww
In fact, state gov should take it private. PBA is a private company but priorities public interest rather than shareholder interest. Its a big conflict of interest with minority and they shldn't keep it listed.
Is like a man married a woman but she always thinking about another man. PBA do not have same objective as a corporate like others - make profit, they do not aim to maximize profit, but maximize the public interest
k3nthiew u r right , PBA is more likely a charity company lol environment friendly, ask ppl jimat water, help factory reduce cost of burden when flood... but u may think like this also la...we invest PBA , we gain no money...but we provide more fund in charity work...this call " 功德无量 " ....hahahahahahhaa
@ Cockroach Paul, i think we shld do charity by our-self. If the state can make a offer to take it private, i definitely will donate more to Tabung Harapan... haha ;)
i only hope for PBA can contribute higher dividends is good enough, Penang gov also receive more dividends income too.... pls special dividens please .... haha
wah...... everything up everything nice...just share price not nice...... no dividends no share bonus... investors get nothing this Q2...siok sendiri...charity again...amitofu
Cheap PE around 7 times with 3-5% growth yearly, big discount to Book, but... all most money earns go to state government for public affairs.... shareholder get mu dek
finally i know why Hibiscus up faster than Pba ....... because .......... water heavy than oil...... oil will float on top of water....so oil up faster lol lan gag~~~~ kakaka
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,561 posts
Posted by calvintaneng > 2017-11-03 22:16 | Report Abuse
GOOD NEWS FOR PBA
https://www.nst.com.my/business/2017/11/298841/malaysia-welcomes-global-chipmaker-broadcoms-continued-expansion-malaysia