Posted by ocbc > 4 weeks ago | Report Abuse

Penang upcoming Wafer plants need a lot of Water infra , PBA ,Engtex, YLi

https://www.channelnewsasia.com/asia/malaysia-penang-water-consumption-shortage-dams-4558206

Posted by star899 > 4 weeks ago | Report Abuse

Penang Government has the abilities to manage the water utilities and infrastructure very well.

Posted by hng33 > 4 weeks ago | Report Abuse

Water traffic will have to increase on every 3 year to review higher forward, especially higher hike is needed when Perak-Penang water transfer start supply additional water to Penang after 2030

Posted by pang72 > 4 weeks ago | Report Abuse

$3 tmr!!

Posted by hng33 > 3 weeks ago | Report Abuse

https://www.thestar.com.my/news/nation/2024/09/02/kedah-to-take-penang-to-court-for-compensation-on-raw-water-usage-says-mb

vs.

https://www.nst.com.my/news/nation/2024/09/1100290/penang-cm-ready-court-showdown-kedah-over-water-dispute

Posted by pang72 > 3 weeks ago | Report Abuse

Today suppose $3..

Why drop...
Must be giving opportunity to who missed out the great penang water the chance to top up

Posted by hng33 > 3 weeks ago | Report Abuse

Greater Ulu Muda water-catchment area was a shared enclave between both states. Muda River, which courses through the catchment area, serves as a boundary between Kedah and Penang, and Penang draws raw water from the river at its own costs.

“The Muda River does not belong to Kedah. The raw water from the river does not accidentally flow into Penang’s Sungai Dua Water Treatment Plant.

In the case of Penang, raw water is extracted from the Muda River by way of pumping it at the Lahar Tiang Pumping Station into a 14km canal which flows either into the Mengkuang dam (funded by the federal government) for storage or directly to the Sungai Dua treatment plant

Some 80% of Penang’s raw water comes from Sungai Muda. Kedah and Perlis also rely on the same river for water, accounting for 96% and 70% of their water supply, respectively. The river serves a combined population of 4.2 million people across the three states.

In conclusion, If kedah seek compensation from penang, Penang also have right to seek compensation from kedah as both state and Perlis are draw water from same river which run across all 3 states.

Posted by hng33 > 3 weeks ago | Report Abuse

Since it become court case, let the judge decide to backfire these Kedah MB which also concurrent also seek Penang belong to kedah also

Posted by hng33 > 3 weeks ago | Report Abuse

https://www.therakyatpost.com/news/2023/06/02/kedah-mb-says-penang-is-part-of-kedah-but-is-he-right/

Posted by hng33 > 3 weeks ago | Report Abuse

Anwar went on to explain that the position of Penang as a state within Malaysia that is separate from Kedah has been clearly stated under Clause (2) Article 1 of the Federal Constitution.

It provides that the federal states consist of the state of Malaya are Johor, Kedah, Kelantan, Melaka, Negri Sembilan, Pahang, Perak, Perlis, Penang, Selangor, Terengganu, as well as Borneo states of Sabah and Sarawak.

"Clause (3) Article 71 of the Federal Constitution read with the Eighth Schedule of the Federal Constitution has guaranteed the position of the state constitution, including Penang.

"The existing provisions of the Federal Constitution are the result of agreements between the British government and the Malay Rulers to form the federation, which was the Federation of Malaya Agreements dated Jan 21,1948 (1948 Agreement) and Aug 5,1957.

"Penang is a sovereign state in Malaysia and its position is always guaranteed and has been provided in the Federal Constitution, which is the main law of the federation," he said.

Anwar emphasised that he did not want to prolong the issue which had become a debate of sorts and was leaving it to the Attorney-General to take appropriate action

Posted by pang72 > 3 weeks ago | Report Abuse

Good job pba

Posted by dollardollarbill > 3 weeks ago | Report Abuse

NO BASIS FOR KEDAH TO CLAIM RAW WATER CHARGES FROM PENANG.

https://pba.com.my/pdf/news/2017/12082017_PBAPP_PR_Penang_Does_Not_Owe_Kedah_for_Raw_Water_SungaiMuda_2.pdf

Posted by dollardollarbill > 3 weeks ago | Report Abuse

Instead of feeling jealous of Penang (The Silicon Valley of the East), Kedah should be buying up PBA shares to ride the growth wave together... hahaha

Posted by hng33 > 3 weeks ago | Report Abuse

Religious based rulings party only can rely on natural resource to develop such as mining, forest logging, water, exploit century history territory hoping to regain Penang land back

Posted by pang72 > 3 weeks ago | Report Abuse

We are considered lucky that PH is turning malaysia to high growth nation instead of backward be poor nation like Bangla or srilanka

Posted by pang72 > 3 weeks ago | Report Abuse

$2.69 drop 0.13c the best chance for top up

Posted by pang72 > 3 weeks ago | Report Abuse

After this correction will move above $3 fast n furious

Posted by hng33 > 3 weeks ago | Report Abuse

It normal for market to response to news as headline is Kedah seek Penang water compensation which indirect affect PBA share performance today. lets these unlogic news settle few day, lets legal process which need many year to dissolve these kind of state gov dispute

Posted by pang72 > 3 weeks ago | Report Abuse

OK. Let's the panic to sell..
We ride to $3

Posted by pang72 > 3 weeks ago | Report Abuse

The news is just a news. It will not success

Posted by pang72 > 3 weeks ago | Report Abuse

By Friday above $3 because of PBA gigantic earning...
Those sold will miss

Posted by UnicornP > 3 weeks ago | Report Abuse

Should I recommend PBA to my newbie friend? Although price quite run up..

Posted by hng33 > 3 weeks ago | Report Abuse

Dear mizieXX
Can do me favor, if convenient and time, kindly post your Penang water bill detail
1. bimonthly billing from jan-aug
2. total water consumption
3. totals amount payable.

Posted by pang72 > 3 weeks ago | Report Abuse

UnicornP

Should I recommend PBA to my newbie friend? Although price quite run up..

23 minutes ago

THE ANSWER IS YES. YOUR FRIEND WILL THANKS YOU FOR SURE

Posted by pang72 > 3 weeks ago | Report Abuse

$2.69 is good cheap bargain price

Posted by pang72 > 3 weeks ago | Report Abuse

May exists for today only, I guess

Posted by pang72 > 3 weeks ago | Report Abuse

It shld be wy higher than $3 today looking at the cheap valuation

Posted by UnicornP > 3 weeks ago | Report Abuse

He said he want $2.40. 😅

Posted by pang72 > 3 weeks ago | Report Abuse

.... Ask him fly Kate....

.. Today suppose $3...

$2.70 is real bargain...shld finish

Posted by hng33 > 3 weeks ago | Report Abuse

Chow was responding to Kedah Mentri Besar Datuk Seri Muhammad Sanusi Md Nor’s comments on Monday (Sept 2) that the state was preparing to take legal action against Penang to seek compensation for raw water usage.

Chow said if the matter was to go to court, there would be laws and international conventions regarding Riparian water rights (an internationally recognised system for allocating water among states or countries who possess land along the river’s path).

“The court has to decide on this but there are other international conventions on water sources involving more than one country or state,” he said.

Posted by star899 > 3 weeks ago | Report Abuse

Penang is a well governed state which has attracted so many local and foreign investments. Of course, it could have aroused some jealeousies from others.

I am proud of Penang and I am proud of Malaysia, my beloved best country.

Let's be united for a better tomorrow and beyond.

PBA is definitely a solid stock with strong fundamentals and much improved profitability and cash rich position.

Posted by star899 > 3 weeks ago | Report Abuse

Whatever issues raised between Kedah and Penang are the two states' affairs (Between government and government) and would be subject to International laws.
The court case could be dragged on for many years before it could be resolved.
Since it is an issue between government to government , so it would not involve with PBA which is a public limited company.
It is too early to say what would be the Court in Malaysia and International Court's decisions.
Just my opinion.

Posted by mf > 3 weeks ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

41,220.53

-342.55

0.82%

Nasdaq

NASDAQ Composite

17,520.51

-193.10

1.09%

Posted by star899 > 3 weeks ago | Report Abuse

"Dow Jones index falls mainly due to Intel at risk of losing spot in blue -chip Dow Jones index "
Headline news from India Today
PBA as a utility stock has nothing to do with the news of Intel

Posted by hng33 > 3 weeks ago | Report Abuse

Water concession business model is safe heaven in time of market turbulence. It is without short of selling treated water business, PBA is task to increase as much possible treated water capacity to meet ever increasing Penang water demand growth from current 890 MLD to 1350 MLD by 2030. With water traffic hike average 180%-200% now, PBA water business have now becoming highly lucrative profit business. Strong cash generated will allow PBA to built more water treatment plant, replace old water pipe, reduce non revenue water which is viable win win business model by increase more capex now to increase further future profit

Posted by speakup > 3 weeks ago | Report Abuse

yes hng33 u still need water to wash backside after big business

Posted by star899 > 3 weeks ago | Report Abuse

Life is precious ;
Water is essential and
PBA is so valuable and highly regarded as a water provider to Malaysians.
Remember sometimes people from Kedah might move to Penang. Likewise sometimes Penang people might move to Kedah.
After all, people from both states are mostly .Malaysians.

So, why should Kedah government be so calculative ???

Posted by star899 > 3 weeks ago | Report Abuse

Oversold.
It is an opportunity for me to add.

Posted by Michael Kwok > 3 weeks ago |

Post removed.Why?

Posted by star899 > 3 weeks ago | Report Abuse

Michael Kwok ,
Have you really studied the strong fundamentals of PBA or simply asking people to sell ?

Could you give a detailed analysis of PBA so as to convince people for your call ???

Without analysis, how could you give any call ???

Posted by Michael Kwok > 3 weeks ago | Report Abuse

Since u polite i answer.i see u star899 a good investor.but this stock all news come in.from 80 cents range till now or 16/10/23 till now.tht the answer.usually few times up all news come in for medium size stock.
4/9/24 10.40am
Posted by star899 > 2 minutes ago | Report Abuse

Michael Kwok,
Have you really studied the strong fundamentals of PBA or simply asking people to sell.
Could you give a detailed analysis of PBA so as to convince people for your call

Posted by star899 > 3 weeks ago | Report Abuse

Michael Kwok,
Do you know it is a serious offense to advise people without a license ???

This is not a child play or game !!!

Posted by mizieXX > 3 weeks ago | Report Abuse

buy red sell green today? 😅

Posted by hng33 > 3 weeks ago | Report Abuse

Dear mizieXX
Can do me favor, if convenient and time, kindly post your Penang water bill detail
1. bimonthly billing from jan-aug
2. total water consumption
3. totals amount payable

Posted by Michael Kwok > 3 weeks ago | Report Abuse

Write in i3 need license.then everyone go to jail.we have only few big jail in malaysia.duhh.u see it drop 6 cents now.
4/9/24 11.15am
Posted by star899 > 30 minutes ago | Report Abuse

Michael Kwok,
Do you know it is a serious offense to advise people without a license ???

This is not a child play or game !!!

Posted by Erudite > 3 weeks ago | Report Abuse

big drop today, but volume thin. i think many don und this gem co. need time to digest oso management nd to declare fat dividend den tis non-believers will und how stable recurring water concessionaire companies r

Posted by hw0706 > 3 weeks ago | Report Abuse

BELOW RM2.00

Posted by star899 > 3 weeks ago | Report Abuse

Michael Kwok,
You must understand you act as an advisor and even dare to collect fees. This is the difference. That's the reason you need a license. Is that clear enough ???

Posted by mizieXX > 3 weeks ago | Report Abuse

hng33

jan usage 96 m3 $38.08
mac 86 m3 $31.28
may 105 m3 $107.51
july 91 m3 $103.37

Posted by mizieXX > 3 weeks ago | Report Abuse

hng33

jan usage 96 m3 $38.08
mac 86 m3 $31.28
may 105 m3 $107.51
july 91 m3 $103.37