Posted by kancs3118 > 1 month ago | Report Abuse

PBA slowly coming down...hehehe...wait till it drops to below RM220...baru make a move 😀

Posted by kancs3118 > 1 month ago | Report Abuse

Slowly slow dropping ...

Posted by vespa > 1 month ago | Report Abuse

Ranhill & Puncak Niaga - Malaysia boleh policy

Posted by hng33 > 1 month ago | Report Abuse

PBAPP is prioritizing the completion of all 8 projects in its Water Supply Contingency Plan 2030 (WCP 2030) on time. As at September 2024, PBAPP has successfully completed 2 projects: the 10 MLD DAF module at Bukit Panchor and Package 12A of the Sungai Dua WTP. The 3rd, 4th and 5th WCP 2030 projects are the 13.0km x 1.8m pipeline in Seberang Perai, the 3.9km pipeline on Penang Island and the new EMD WTP respectively. PBAPP is keeping the WCP 2030 goal in sight and working to stay on schedule

All in, PBA is to invets as much RM 1.1 billion to complete above project by 2030 funded mainly by last year non domestic hike in 2023 and this year domestic water traffic hike in 2024 more upcoming hike when next 3 cycle reach on 2026 for non domestic and 2027 for domestic water traffic

Posted by hng33 > 1 month ago | Report Abuse

Punck niaga, gamuda and KPS already dispose their water treatment with handsome profit to Air Selangor

Posted by vespa > 1 month ago | Report Abuse

I stand corrected

Posted by hng33 > 1 month ago | Report Abuse

The total investment RM 1.1 billion to build new pipeline, built new water treatment plant, built new pipe connecting dam to water treatment plant are all will be capitalized as new assets to PBA without affect PBA profitability in quarter result. These is because new investment assets is capex which is new assets in reporting Q result. It is NOT opex, it is NOT opoerating expense cost that will offset profit

Posted by vespa > 1 month ago | Report Abuse

It is largely state owned. If value is to be created it had better pay good dividends.

Posted by hng33 > 1 month ago | Report Abuse

PBA already increasing dividend payment yearly from 1.75sen in 2019 to 3.5sen in 2023 when open share price trading below RM 1.00.

It is expected to double up dividend payment in line with improve profitability

Posted by vespa > 1 month ago | Report Abuse

Dividend yield
on average is about 3% while MGS is at 3.77%.. Hopefully PBA hikes it above the safe MGS

Posted by hng33 > 1 month ago | Report Abuse

PBA earning is NOT static as water demand in Penang is expect to increase from current 890MLD in 2024,
Projections from an independent water study completed in 2021 indicate that Penang’s water demand may be driven by socioeconomic factors to increase by 78.1% (672 MLD) and reach 1,532 MLD by 2030.

The more water sold, the higher profit generated

Posted by hng33 > 1 month ago | Report Abuse

KUALA LUMPUR: Singapore-based Equalbase yesterday held a groundbreaking ceremony for its RM220 million Valdor II multi-storey warehouse in Penang.

Equalbase specialises in the development and management of modern, sustainable industrial logistics assets

More and more industries set up in Penang, more non domestic water consumption ahead.

Upcoming budget will kivk start Penang LRT and Penang Perak water transfer mega project

Posted by Willtolive > 1 month ago | Report Abuse

some funds already left Bursa for HSI

Posted by hng33 > 1 month ago | Report Abuse

Penang launches incentives to attract chip design firms, engineers

KUALA LUMPUR (Sept 28): The Penang government on Saturday launched an incentive programme to attract chip design firms and engineers to the Bayan Lepas Industrial Park and designated surrounding area.

The ‘Penang Silicon Design @5km+’ zone will provide annual subsidies worth up to RM2 million over three years, according to a statement from Invest Penang. The incentives will be available to both local and foreign integrated circuit (IC) design firms based in Malaysia.

“As Penang continues to attract more strategic investors, there is a need to establish conducive facilities that can accommodate high-value activities in Penang,” said Penang Chief Minister Chow Kon Yeow.


Penang is home to some of the largest global electrical and electronics companies, including semiconductor giants Intel and Infineon Technologies, as well as major electronics manufacturers such as medical device maker B Braun and power tool company Bosch.

The state also already hosts 28 local and foreign companies related to IC design. To lure more investments, Penang had also previously launched the IC Design and Digital Park and Chip Design Academy, both in May.

Penang has committed RM60 million to propel the latest initiative forward, and the state government is asking for a matching grant of RM60 million from the federal government, Invest Penang said.

The incentives include up to full subsidies for rent, utilities, and parking at state-owned properties, as well as for the use of certain equipment and tools at shared incubation spaces and stakeholder facilities.

To ensure the success of the Penang Silicon Design @5km+, the initiative is governed by an executive council. An advisory panel, consisting of industry representatives, academia and government agencies, will advise and provide recommendations to the council.

By the end of 2024, Prime Minister Datuk Seri Anwar Ibrahim is expected to officiate state-owned GBS TechSpace, a 36,000 sq ft facility designed to accommodate up to eight IC design companies and at least 300 IC design engineers.

“At the very heart of our digital economy growth are the chips that power digital technologies,” underscoring the importance of the semiconductor and IC design industry, said Digital Minister Gobind Singh Deo. “We must take concrete steps to maintain our mark in this sphere

Posted by turbochart > 1 month ago | Report Abuse

Penang rich, PBA earn billion, Perak Miskin, pls sell high high water to Penang!!!

Posted by hng33 > 1 month ago | Report Abuse

Yup, Penang rich, PBA shouldn't give subsidy to Penang domestic water anymore. Water traffic rate cannot be national second lowest anymore. It should earn mote profit in order to built more water treatment, built more dam to conserve rain raw water, replace old pipe to decrease 26% non revenue water

Posted by hng33 > 1 month ago | Report Abuse

Penag Perak treated water transfer is wake up call for all Penang to face reality that treated water is expensive, water traffic need higher hike

Posted by star899 > 1 month ago | Report Abuse

Wah ! PBA today is up like crazy.

Posted by hng33 > 1 month ago | Report Abuse

It need to breakout RM 2.60 to resume uptrend toward RM 3.00 and thereafter before next upcoming Q3 EPS 15sen

Posted by hng33 > 1 month ago | Report Abuse

Utilities stock particular PBA is safe heaven in time of market volatility due to essential water, while still enables investors to enjoy both dividend yield and EPS growth due to water traffic rate hike and unstoppable increase water consumption

Posted by hng33 > 4 weeks ago | Report Abuse

Penang is looking to attract US$115 billion (about RM492 billion) in investments by 2030 by tapping into the front end. However, it needs to upgrade the current infrastructure to meet the rising demand for water and electricity first.

A massive overhead power transmission line is expected to be ready by the end of the year to help meet the growing electricity demand. This new transmission line, part of a 275 kV project, will deliver a capacity of 2,000 MW from the mainland to Penang Island.

Currently, the island’s peak demand is around 800 to 1,000 MW. The new capacity will also support upcoming developments, such as Silicon Island and the industrial area expansion.

Besides needing more energy, the state is tackling a critical water shortage. The spike in water demand between 2019 and 2023 has strained resources, coinciding with the semiconductor boom.

The state has committed RM1.18 billion to water infrastructure projects to address this issue and ensure a stable supply until 2030. A stable supply of water and electricity is vital for the semiconductor industry, as even brief outages can lead to millions of dollars in losses.

Posted by DickyMe > 4 weeks ago | Report Abuse

US115B???
Tok kok leh!

Posted by hng33 > 4 weeks ago | Report Abuse

Why US 115 billion or RM 492 billion is possible by 2030, cumulative 6 year period translate to about 85 billion per year.

Just first half 2024, Penang already secure RM 31 billion investment.....

GEORGE TOWN: The Northern Corridor Implementation Authority (NCIA), in collaboration with the Malaysian Investment Development Board (Mida), has secured RM31.38 billion in investments for Penang during the first half of 2024.

NCIA chief executive Mohamad Haris Kader Sultan said that this substantial investment demonstrates strong investor confidence in the long-term prospects of the Northern Corridor Economic Region (NCER), particularly in Penang

NCIA and Mida secure RM31.38 billion in investments for Penang

Posted by hng33 > 3 weeks ago | Report Abuse

https://www.businesstoday.com.my/2024/08/20/ncia-secures-rm31-38-billion-in-penang-investments-for-h1-2024/#:~:text=The%20Northern%20Corridor%20Implementation%20Authority%20(NCIA),%20together%20with%20the%20Malaysian

Posted by hng33 > 3 weeks ago | Report Abuse

💪

Posted by hng33 > 3 weeks ago | Report Abuse

Lets breakout RM 3.00😁

Posted by hng33 > 3 weeks ago | Report Abuse

GEORGE TOWN: Penang’s Light Rail Transport (LRT) dream will begin to take shape in December with a groundbreaking event, with the first station to be built in Lebuh Macallum.

Transport Minister Anthony Loke is said to have approved a date to get the 29km Mutiara Line landmark project off the ground.

The alignment starts from Penang Sentral on the mainland before crossing the channel to Lebuh Macallum.

From there, the multibillion-ringgit line will pass through Komtar, Bandar Sri Pinang, Sungai Pinang, East Jelutong, The Light, Gelugor, Jalan Universiti, Sungai Dua, Sungai Nibong, Bukit Jambul, SPICE, Jalan Tengah, the Free Industrial Zone, Free Industrial Zone South, Sungai Tiram, the Penang International Airport, Permatang Damar Laut and Silicon Island, which will serve as a depot.

A component of the Penang Transport Master Plan, the Penang LRT will have 20 stations, including two interchange stations at Komtar and Penang Sentral in Butterworth, with completion slated for 2030

Posted by hng33 > 3 weeks ago | Report Abuse

Infrastructure development, which reduces transport costs and travel time, will boost foreign and domestic investments

So, Penang looking to attract US$115 billion (about RM492 billion) in investments by 2030 by tapping into the front end semiconductor industry can be materialize, following will be rising demand for water and electricity.

Posted by hng33 > 3 weeks ago | Report Abuse

Cover Story: Penang’s infrastructure playing catch-up with its industrial boom
https://theedgemalaysia.com/node/728632

....The state is also working on addressing its water supply issues through the building of four water treatment plants to support growing demand. Flood mitigation is also in the works, as two major projects — the Sungai Pinang and Sungai Jawi flood mitigation initiatives — have received funding from Putrajaya.

It is indeed a busy time for the state, as upgrading infrastructure works are being undertaken to meet its present and future needs.

Posted by hng33 > 3 weeks ago | Report Abuse

Silicon Island (Penang state gov own 30% stake), spanning more than 2,300 acres of reclaimed land off the southern coast of Penang Island, will be a new job centre, where 30% of the available development land will be turned into industrial zones; 40% for infrastructure; and the rest for housing, mixed development and commercial purposes.

“And maybe a new administrative centre as well,” he adds.

It has been reported that the first factory on Silicon Island is projected to begin construction in 2026 and expected to be operational by 2027.

Remark: Silicon Island will see the construction of the high-technology industrial park, Green Tech Park (GTP); global business services and software hub (or GBS Campus); commercial development; housing, as well as green recreational areas which are expected to generate a gross domestic product of RM1.1 trillion, investment of RM74.7 billion and 220,000 employment opportunities.

Posted by UnicornP > 3 weeks ago | Report Abuse

Get it @ $2.40 anyhow.

Posted by hng33 > 3 weeks ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/10/14/china-smes-look-to-invest-in-penang

Posted by hng33 > 2 weeks ago | Report Abuse

GEORGE TOWN: Expansion works on Penang International Airport (PIA) have begun, with the RM1.5bil project split into three packages to be completed by 2028.

https://www.thestar.com.my/news/nation/2024/10/16/rm15bil-penang-airport-upgrade-works-begin

Posted by hng33 > 2 weeks ago | Report Abuse

PBAPP - Pembukaan Rasmi Modul Pakej 12A
https://www.youtube.com/watch?v=8-ob5I73QAs

Posted by hng33 > 2 weeks ago | Report Abuse

Based on EPS 60sen, fair valuation PE 10x, target price RM 6, upside potential > 100%

Posted by hng33 > 2 weeks ago | Report Abuse

GEORGE TOWN: Penang has given two thumbs up to the announcement of the implementation of the Juru- Sungai Dua Elevated Highway project presented in the 2025 Budget by Prime Minister Datuk Seri Anwar Ibrahim today.

"The Prime Minister's announcement regarding this project is highly welcomed. We hope its implementation can be expedited due to its urgent necessity," said Chief Minister Chow Kon Yeow.

The RM1.8 billion Juru-Sungai Dua Elevated Highway was one of the key projects that Penang submitted to Putrajaya.

Additionally, he expressed appreciation for the announcement of a new Urban Transformation Centre (UTC) in the Seberang Prai area, which he said would enhance the quality of public services at UTC @ Komtar

Regarding the development agenda for wakaf land by federal agencies, Chow said that the state government supported UDA Holdings Berhad's initiatives, as they aligned with requests from various parties, including NGOs, to redevelop Malay settlements and increase property holdings, particularly on the island.


Furthermore, he said the budget had announced several other federal project implementations specifically for Penang, including the raw water supply project from the Perak River for water supply in northern Perak and Penang, the Penang Light Rail Transit (LRT), the expansion of Penang International Airport (PIA) and the Batu Kawan Industrial Park 3.

All these projects are expected to contribute significantly to the state's overall development. Therefore, I hope their implementation will be expedited and adhere to the proposed timelines," he said.

On the education front, Chow said Universiti Sains Malaysia (USM) was pursuing AI semiconductors in line with Malaysia's status as a global semiconductor hub, enhancing collaborations with companies like Intel and Infineon.

Posted by hng33 > 1 week ago | Report Abuse

Amphenol opens new facility in Penang
KUALA LUMPUR — Amphenol DC Electronics Malaysia Sdn Bhd, a global provider of engineering, design, and manufacturing services, has opened its new 70,000 square feet (sq ft) facility in Penang, with the potential for an additional 60,000 sq ft in the second phase.

In a statement today, the Malaysian Investment Development Authority (MIDA) said this expansion significantly increases Amphenol’s footprint in the region to over 130,000 sq ft, demonstrating its commitment to growth and innovation in Malaysia while greatly enhancing its capacity and capabilities.

MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the company’s decision to establish a presence in the country underscores Malaysia’s strong reputation in the global electrical and electronics industry...

Posted by Star8888 > 1 week ago | Report Abuse

PBA break support. Is time to sell.

Posted by Faizal Hisham Abd Majid > 1 week ago | Report Abuse

i guess general index not so nice so far. price was below MA50 in general index. in overall bullish still intact however still under correction as MA200 is still rising. its better to stay in cash unless plan for investment for long term period.