Estimate public free float share is around 50m after stripping out top 30 largest shareholder. Based on yesterday and today volume, estimate 40% exchange hand among other minority shareholders, limited free float available for those fund willing to increase their stake holding before value re rate to PE 10x
Nobody have crystal ball to predict when can PBA reach fair price based on fair valuation 10x, but we do have calculator and formula on water traffic rate to project PBA forward EPS with reasonable estimation
Just rest well, let market force play its role on whether wan to push limit up today or restrain force to wait accumulate more share from retail shareholder
Bursa has been attracting foreign fund flow recently. I hope some of the foreign water funds start buying PBA.
Fidelity Water Sustainability Fund Invesco S&P Global Water ETF iShares Global Water ETF Invesco Water Resources ETF First Trust Water ETF Invesco Global Water ETF Lyxor MSCI Water ESG Filtered UCITS ETF L&G Clean Water UCITS ETF Global X Clean Water UCITS ETF Allianz Global Water Calvert Global Water Fund DWS Global Water Ecofin Global Water ETF KBI Global Investors Water Fund KBI Global Investors Aquarius Fund
If some shareholder holding water related stock like YTLP (wessex water) or Ranhill (johor water) swap some of their capital to PBA is good enough to send PBA to fair valuation 10x
Take note, Johor have highest water traffic rate, yet, only reap small profit due to inefficient operation, high cost operation and high interest expense with lot of debt burden.
PBA top 3 shareholders penang government 55%, penang dev. corp 10% yayasan bumiputra 4.1% . these top 3 already own around 70%... free float so few only 75mil, easily cornered to trap u lor.... no foreign fund especially the renowned Norway fund will take a look at this peanut company... even though buying few mils is peanut to them...
PBA is not a growth stock... how to grow in penang limited land cannot built DC, and neither is a dividend stock paying peanut div yield of 1.3%.... consider super lucky today for your guy to over 10% jump.... those not taking profit tomorrow u know what to do lor....
Everyone from jcy are invited to PBA.. Good or bad one are welcome. Let's you all know what is called a good stock... Later. All of you will feel shameful in jcy while h continue drop
somebody scare of what i am saying is true.... o i bet u haven't sell yet... tomorrow open gap down u better fast fast sell yet profit turn to lose... your telur melting...
Everyone from jcy are invited to PBA.. Good or bad one are welcome. Let's you all know what is called a good stock... Later. All of you will feel shameful in jcy while h continue drop
this is the most boring stock in bursa... no growth prospect at all good for someone with no telur... no smart fund will ever touch this stock la... only good for once a while goreng...
tell me how many time PBA will be allowed to increase water price... every quarter?.. .try do it again... DAP government can say sayonara in next election...
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....
pang72
51,506 posts
Posted by pang72 > 2 months ago | Report Abuse
$2.86 limit up price for today.
MY BIG HINT FOR YOU. HOPEFULLY YOU DIGEST THE NUMBER PROPERLY