Posted by Bestata Oh > 2024-06-04 11:52 | Report Abuse

the CM is useless and will LD soon

Posted by newbird33 > 2024-06-05 21:52 | Report Abuse

PBA giving free 10,000 liters water to every household!

Posted by hng33 > 2024-06-05 23:05 | Report Abuse

THE Penang Water Supply Corporation (PBAPP) appears to have caved in to pressure and has offered rebates to provide relief to consumers over the 182 percent hike in water rates early this year

In a statement, the state executive councillor, who oversees infrastructure, Zairil Khir Johari said that the first 10,000 litres of water used by every household in Penang from July to December will be free of charge.

It is part of efforts to lighten the impact of increased water tariffs that began earlier this year, Zairil, the Tanjung Bungah assemblyman, said.

He also declared that the existing RM20 monthly rebate for large households comprising eight people or more with a maximum monthly income of RM2,250 will be extended to households with an income of up to RM5,000

Posted by S363636 > 2024-06-05 23:22 | Report Abuse

So how they going to make profit ? Better sell before become sen!!!

Posted by goldenhope > 2024-06-06 08:51 | Report Abuse

better cut the Directors' allowances

Posted by ValueInvestor888 > 2024-06-06 11:16 | Report Abuse

ranhill is doing much better than PBA...

Posted by rlch > 2024-06-06 13:38 | Report Abuse

So many people can enjoy free water?

Posted by goldenhope > 2024-06-06 13:48 | Report Abuse

As at May 2024, there are about 597,000 registered domestic water consumers in
Penang. The projected impact on PBAPP’s revenue in the period from 1.7.2024 –
31.12.2024 will be about RM11 million.

Posted by Justaboylearning > 2024-06-06 15:13 | Report Abuse

Good to buy on price weakness.

RM 11 million may be alot, but only applies to consumer households.

Posted by ValueInvestor888 > 2024-06-06 15:55 | Report Abuse

household usage should be less than 40%, the rest is industrial and agriculture sector.
Oversold but this stock is lousy...

Posted by raymondroy > 2024-06-06 21:43 | Report Abuse

Last qtr profit was only RM14m so if free water impact is RM11m.... covering 6 mths so thats RM1.8m a mth..... so profit will reduce to 14-1.8=12.2m .... assuming rate change will be absorbed into this free water scheme covering initial mths :-(

Posted by goldenhope > 2024-06-07 11:21 | Report Abuse

RM14 mil still does not fully reflect the hike in water tariff.

Posted by ValueInvestor888 > 2024-06-07 12:03 | Report Abuse

yes not reflect yet. current price is undervalued as mkt does not like subsidy and other argument surrounding water by politicians. Household consumption is less than 40%. Other sectors still subject to increase esp industry sectors.

Posted by paperplane > 2024-06-07 17:22 | Report Abuse

PBA will never be able to reward their shareholders like this. Sell, ask them privatise it

Posted by hng33 > 2024-06-13 12:13 | Report Abuse

bought back pba at 1.83-1.86

Posted by turbochart > 2024-06-14 10:52 | Report Abuse

Penang rich. Perak poor. Perak gov, pls Sell water sell High High to Penang!!😁

Posted by hng33 > 2024-06-20 22:43 | Report Abuse

https://www.malaymail.com/news/money/2024/06/20/taiwanese-manufacturer-elite-material-co-ltd-sets-up-rm900m-facility-in-penang/140613

Posted by hng33 > 2024-06-21 00:54 | Report Abuse

#美中科技戰 #地緣政治下 馬來西亞為什麼成為 #半導體 新贏家？【懂商業看商周】Ep.34
https://www.youtube.com/watch?v=dbRVibxpFIM

Posted by raymondroy > 2024-06-27 19:08 | Report Abuse

A fiNAL single-tier dividend of 1.75 sen per share was approved today for the 7,507 shareholders of PBA Holdings Berhad (PBAHB).
The entitlement date is set for July 15, with a total projected payout of RM5.792 million by July 26, according to Chief Minister Chow Kon Yeow.
With this final dividend, PBAHB shareholders will receive a net single-tier dividend of 3.5 sen per share for 2023,”
Wonder if PBA is a good buy fro now? Any feedback will be appreciated.... and hng33 - you seem to have the most voice here :-) cheers

Posted by speakup > 2024-06-27 21:40 | Report Abuse

amboi sikitnya! kedekut kot

Posted by Agjl > 2024-06-28 20:22 | Report Abuse

No interest in PBA.....

Posted by anai anai > 2024-07-02 16:35 | Report Abuse

good profit coming for FY24

Posted by hw0706 > 1 month ago | Report Abuse

ON THE WAY TO HIGHER PRICE....

Posted by hng33 > 1 month ago | Report Abuse

PBA to record maiden domestic traffic hike of more than 100% in upcoming Q result. Due to bi monthly water bill, these maiden water traffic hike monly will be reflected in Q2. Domestic water bill account for more than 60% total PBA water revenue

In additional 7sen/m3 also will start bill as electricity cost pass through for both domestic and non domestic, allowing PBA to fully pass through electricity cost to customer

Posted by hng33 > 1 month ago | Report Abuse

Expect PBA to deliver more than 10sen EPS in coming Q2 result

Posted by hng33 > 1 month ago | Report Abuse

bought more pba at 1.74-1.75

Posted by hng33 > 1 month ago | Report Abuse

Penang set to build 10 more hotels

GEORGE TOWN: Penang is set to see 10 new hotels with 4,000 rooms over the next few years as the state continues to attract more tourists, says Chief Minister Chow Kon Yeow.

Chow does not think there will be any issue of an oversupply of hotels in the state.

“In fact, when international conferences or conventions are held, there is often a shortage of hotel rooms. There is definitely room for more hotels to accommodate the increasing number of visitors and tourists to Penang,” he said yesterday.

Chow said this after witnessing the signing ceremony between MTT Hospitality, a division of the MTT Group of Companies and Pan Pacific Hotels Group to transform Evergreen Laurel Hotel into Gurney Bay Hotel, a Parkroyal partner hotel.

Posted by hng33 > 1 month ago | Report Abuse

Super profit

Posted by hng33 > 1 month ago | Report Abuse

EPS =16.7sen

Posted by hng33 > 1 month ago | Report Abuse

Group revenue increased from RM111.17 million to RM150.33 million as compared to the immediate
preceding quarter. The Group registered a profit before tax of RM58.37 million as compared to the
immediate preceding quarter of RM16.40 million, primarily due to the increase of water tariffs for
domestic and other categories from 1 February 2024.

The increase in revenue is directly translate into pure profit as result domestic water traffic rate hike.

Posted by hng33 > 1 month ago | Report Abuse

Limit up limit up limit up

Posted by dragon328 > 1 month ago | Report Abuse

Finally PBA delivers.

@hng33, you are good to have given the heads-up

Posted by Erudite > 1 month ago | Report Abuse

Long time coming. Limit up inevitable. Re-rating for
Proven earnings flow…

Posted by Star8888 > 1 month ago | Report Abuse

Coming quarter will have cash rebate to user. Remember to sell for tomorrow opening.

Posted by hng33 > 1 month ago | Report Abuse

PBA is given special free first 10m3 of water to domestic water user and impact on PBA evenue in the period from 1.7.2024 –31.12.2024 will be about RM11 million or RM 5.5m for next 2 Q.

These rebate is only less than 10% impact to PBA strong Pretax profit RM 58.3m, EPS still can deliver 15sen forward.

PBA reserve fair valuation of at least 10x in view of earning is highly projectable as water traffic hike is effective for next 3 year before subject to next review.

It unfair for PBA which deliver far more profitable water business than RANHILL and yet PBA trading at big discount valuation than Ranhill rich valuation

Posted by hng33 > 1 month ago | Report Abuse

Dragon328
Thanks, same you for your YTLP. Hope PBA can catch up utilities stock valuation like TENAGA, malakroff, YTLP, RANHILL

Posted by Erudite > 1 month ago | Report Abuse

Agree more upside to come

Posted by dollardollarbill > 1 month ago | Report Abuse

When taking a shower today, don't forget that...

Water may be a commodity that you don't think about when it comes out of the tap, but water is essential to life.

Water is a key input in everything from food and beverages to the cleaning of semiconductor wafers and hydraulic fracturing (fracking). The sourcing, purification, and distribution of water is big business around the world, and the threat of climate change makes that more true now than ever.

Posted by dollardollarbill > 1 month ago | Report Abuse

PENANG: THE SILICON VALLEY OF THE EAST
https://www.semi.org/en/sea-newsletter-penang-the-silicon-valley-of-the-east

Posted by KingKKK > 1 month ago | Report Abuse

PBA: Earnings Record Shattered, What's NEXT? (KingKKK) - (New Intrinsic Value is RM2.80)

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-08-27-story-h-153265700-PBA_Earnings_Record_Shattered_What_s_NEXT_KingKKK_New_Intrinsic_Value_i

Posted by michaelwong > 1 month ago | Report Abuse

hng33 got to thnks very much for your knowledgeable impressive sharings that l bought PBA previously . U have contributed a lot of insight into PBA future prospects turnaround .

Posted by Erudite > 1 month ago | Report Abuse

wow RM2.22...will it limit up today? last high was 2.60+

Posted by hng33 > 1 month ago | Report Abuse

Thanks, hope for the best for PBA.

Although Penang unlike Johor and Selangor as new Data center hub, But Penang have even bigger project, Silicon Valley island, a tech hub for Msia. In additional, Penang continue attract most direct investment on semiconductor industry and blooming tourist industry with 10 more hotel coming.

All these commercial for non domestic water user and growing population for domestic will further increase Penang water consumption by 40% from current 890 MLD to 1350 MLD by 2030

Posted by hng33 > 1 month ago | Report Abuse

Next upcoming Perak-Penang water transfer will anchor PBA to supply more treated water beyong 2030

Posted by pang72 > 1 month ago | Report Abuse

Impressive QR...

Posted by pang72 > 1 month ago | Report Abuse

Nice to see dragon and hng here...

Posted by pang72 > 1 month ago | Report Abuse

PBA shld close limit up today with such good QR 16. 68c eps

Posted by pang72 > 1 month ago | Report Abuse

Ranhill pe32
PBA pe7 only..

If pe32 as per ranhill, PBA will go $8.90..

Posted by pang72 > 1 month ago | Report Abuse

PBA is the most underatted stock in bursa now.
No other... It is PBA the most famous and profitable state Penang which supply commercial water to world top semiconductor factory which contribute substantially to our conytry GDP beside PETROLEUM

Posted by pang72 > 1 month ago | Report Abuse

PBA plays the most important role (indirect) for malaysia gdp growth