Posted by pang72 > 2 months ago | Report Abuse

If annulise the earning of 16.68c will get 66.72c for Pe10 target price $6.67

Posted by pang72 > 2 months ago | Report Abuse

I will say conservative Pe10 $6.67 valuation for a utilities company is reasonable

Posted by pang72 > 2 months ago | Report Abuse

So, one word - limit up

Posted by hng33 > 2 months ago | Report Abuse

https://penangport.gov.my/images/archive/2024/keratan-akhbar/BuletinMutiara29MEI2024-Over_7_million_tourists_stayed_overnight_in_Penang_hotels_last_year.pdf

Posted by hng33 > 2 months ago | Report Abuse

Penang continues to draw in more tourists as direct flights, cruises increase

https://malaysia.news.yahoo.com/penang-continues-draw-more-tourists-230000544.html

Posted by hng33 > 2 months ago | Report Abuse

https://www.malaymail.com/news/malaysia/2024/08/23/penang-continues-to-draw-in-more-tourists-as-direct-flights-cruises-increase/147774#:~:text=It%20was%20previously%20reported%20that,first%20quarter%20of%20this%20year.

Posted by hng33 > 2 months ago | Report Abuse

added more PBA at 2.13-2.15

Posted by pang72 > 2 months ago | Report Abuse

If annulise the earning of 16.68c will get 66.72c for Pe10 target price $6.67
If annulise the earning of 16.68c will get 66.72c and current price at $2.15 PE is 3.2

Posted by pang72 > 2 months ago | Report Abuse

You will never get burn for buying stock with pe3

Posted by hng33 > 2 months ago | Report Abuse

In next 2 Q result, PBA will deliver less EPS than current 16.6sen due to PBA is given special free first 10m3 of water to domestic water user and the impact on PBA revenue in the period from 1.7.2024 –31.12.2024 will be about RM11 million or RM 5.5m per quarter

However, these rebate is only less than 10% impact to PBA strong Pretax profit RM 58.3m, after take into account these quarter rebate, EPS still deliver 15sen forward.

Posted by pang72 > 2 months ago | Report Abuse

OK! 15c x4 = 60c

Pe10 still gotv$6.00

Posted by pang72 > 2 months ago | Report Abuse

Okok OK... Good

Posted by pang72 > 2 months ago | Report Abuse

$2.15 still way too cheap as compare to ranhill

Posted by hng33 > 2 months ago | Report Abuse

Water concession never short of business as water is essential daily, therefore, no business risk such as forex, business competition, oversupply, geography tension etc.

PBA only need to focus on managing cost such as channel it part if it's profit to increase capex for water
pipe replacement to reduce water leak, reduce non revenue water rate, built more water treatment plant to increase water supply to meet increasing water demand growth from current 890MLD to 1350 MLD by 2030.

Upcoming Perak - Penang water transfer will further increase water supply to meet Penang water need
after 2030 ahead of full completion Penang mega project silicon island in 2032.

Posted by hng33 > 2 months ago | Report Abuse

Even after stripping capex, PBA cash hoard continue increase at RM 259m now, paving way for increase dividend to shareholder

Posted by pang72 > 2 months ago | Report Abuse

5mils impact per QR for subsidies for upcoming 2H24 is 0.15c only which h is negligible...


16.68-1.5c = 15c eps

So, 4.3+16.68+15+15 = 50. 98c for 2024

So, 2025 estimated 16.6x4 = 66.4c for 2025

Posted by pang72 > 2 months ago | Report Abuse

This gem is awaiting for rerating by IB soon

Posted by hng33 > 2 months ago | Report Abuse

Water concession business earning is highly projectable if without take into account increase water consumption both domestic and non domestic sector like

+ variable: tourism arrival, new mall, hotel, factories, housing development etc

- variable such as chemical price for treated water, pipe replacement cost etc

Posted by goldenhope > 2 months ago | Report Abuse

If PBA is so profitable, why doesn't the Penang government consider privatizing it?

Posted by hng33 > 2 months ago | Report Abuse

Penang gov control 69% stake in PBA. If take take private, opposition party may pressure Penang gov to give more subsidy.

Its better for PBA remain as listed company to balance interest between amount subsidy and interest of public shareholder

Posted by hng33 > 2 months ago | Report Abuse

Penang gov also need investment return income just like many Fed gov profitable GLC companies listed in bursa

Posted by goldenhope > 2 months ago | Report Abuse

What is PBA dividend policy ?

Posted by hng33 > 2 months ago | Report Abuse

No formal dividend policy, but PBA have unbroken track record declare interim and final dividend yearly.

Perhaps, shareholders can propose PBA to set officials
dividend policy in next AGM

Posted by hng33 > 2 months ago | Report Abuse

Hope momentum can build up to hit limit up today

Posted by pang72 > 2 months ago | Report Abuse

Limit up us imminently for today, I guess

Posted by pang72 > 2 months ago | Report Abuse

If no limit up, tmr morning will strong buy queue for penang number 1 utilities company

Posted by pang72 > 2 months ago | Report Abuse

Ranhill pe32
PBA pe3..

Obviously, PBA the winner for future rerating to pe32? $8.90?

Posted by pang72 > 2 months ago | Report Abuse

Hopefully lo

Posted by VincentTang > 2 months ago | Report Abuse

Come on limit up limit up

Posted by hng33 > 2 months ago | Report Abuse

Good if Perak Penang water transfer at high rate in 2030. Current Penang water traffic rate 2rd lowest among all state in Msia, with new additional intake water from perak at high rate on 2030, PBA water traffic rate can review higher in future.

Posted by hng33 > 2 months ago | Report Abuse

Closed at RM 2.20 today, uptrend begin

Posted by pang72 > 2 months ago | Report Abuse

Excellent closing at high price.
Tmr, continue to fire up

Posted by pang72 > 2 months ago | Report Abuse

Easily hits $3.00 with my insane prediction Pe10 $6.00

50% discount mah// cheap cheap

Posted by pang72 > 2 months ago | Report Abuse

Who don't support PBA then cut your water supply

Posted by pang72 > 2 months ago | Report Abuse

Nta = $3.04
Today, $2.20

You uses what so ever method to rate PBA will cross $3.00

Posted by pang72 > 2 months ago | Report Abuse

Tmr up another 40c to $2.60... OK?

Posted by mizieXX > 2 months ago | Report Abuse

hopefully

Posted by pang72 > 2 months ago | Report Abuse

$2.27 up 7c PBA best in town.
$3 mari with still grossly underratted

Posted by pang72 > 2 months ago | Report Abuse

Up 40c today juga, OK boh?

Posted by pang72 > 2 months ago | Report Abuse

If not 40c then limit up pun boleh

$2.31 lol

Posted by pang72 > 2 months ago | Report Abuse

If you complaint penang water tarrif is expansive then you shld looks at PBA which is super damn cheap for you to counter your problem by owning PBA shares

Posted by pang72 > 2 months ago | Report Abuse

$2.33 lol

Posted by pang72 > 2 months ago | Report Abuse

Cheap PBA will be soon in dream..

Posted by pang72 > 2 months ago | Report Abuse

$2.37 lol

Posted by pang72 > 2 months ago | Report Abuse

Laughing all the way to bank....

Posted by mizieXX > 2 months ago | Report Abuse

alamak..duitt nii

Posted by pang72 > 2 months ago | Report Abuse

$2.39 up 19c...ting ting..

Up 40c today.... Yap...

Patiently wait for money money and money from water water water

Posted by pang72 > 2 months ago | Report Abuse

$2.39 up 19c...ting ting..

Up 40c today.... Yap...

Patiently wait for money money and money from water water water

Posted by pang72 > 2 months ago | Report Abuse

$2.46 up 26c lol

Posted by pang72 > 2 months ago | Report Abuse

Up 40c is how much for today?
Answer : $2.60