PBA (5041): News and Blogs

I will pay more attention to PBA, the precious gem.
If possible, I will add more PBA into my investment portfolios before PBA is skyrocketing.

2 weeks ago

Next Monday 16-09--2024 is a holiday.
I will look forward to another continuing upward momentum from next Tuesday',(17-09-2024)

2 weeks ago

Loke proposes Steven Sim to lead Penang DAP

With the outcome of the upcoming Penang DAP election seeming to be a foregone conclusion, DAP secretary-general Anthony Loke has proposed Human Resources Minister Steven Sim as the new state chairperson, while Deputy Finance Minister Lim Hui Ying will continue as the state secretary.

Loke reportedly revealed this “Sim-Lim formula” during an exclusive interview with the Chinese language daily Kwong Wah Yit Poh published yesterday, urging party members to.

Remark: Sim is much better than Lim or Lim sister which is against PBA water traffic hike, ignore fact that Penang is lack water resources and yet want Penang continue enjoy super low water traffic at PBA expense on ever growing subsidy.

PH under Anwar is more realistic, Sim is good human resource ministers demand higher minimum wages. Cabinet are realistic that gov can not keep subsidy burden, it need cost pass through mechanism either in electricity or water

2 weeks ago

chon99

https://www.thestar.com.my/aseanplus/aseanplus-news/2024/09/15/wanted-60000-engineers-as-malaysia-seeks-talent-to-drive-its-chip-sector-ambitions
60,000 engineers needed in Malaysia . See the positive impact on Penang

2 weeks ago

Penang Chief Minister Chow Kon Yeow is optimistic that the northern island state, known as the Silicon Valley of the East, will be able to attract and retain its talent pool.

“There are more than 30 IC design companies in Malaysia, 28 of which are proudly based in Penang. The fact is that the talent pool is already established here,” he told ST, adding that its capital Georgetown is launching a new initiative called “Penang Silicon Design @5km+” to attract, hire and upskill vital talent

2 weeks ago

Latest new Intel USD7.1B Pelican Project Update -Will it continue despite slowdown? Sept 2024 OnSite
https://www.youtube.com/watch?v=BmnFpKkqj5k

2 weeks ago

Ayer Itam Bypass Update Sept 24 Ayer Itam - Tun Dr LCE expressway Penang Flying over with Drone 4K
https://www.youtube.com/watch?v=D8upR8FinOw

2 weeks ago

🚀🚀🚀

1 week ago

👍👍👍👏👏👏

1 week ago

BursaKakis

Over 7 million tourists stayed overnight in Penang hotels last year, says Wong
https://www.buletinmutiara.com/over-7-million-tourists-stayed-overnight-in-penang-hotels-last-year/

1 week ago

warrantKing

cannot up , once up got people sell down

1 week ago

PBA currently still in first phase of up trend, chart patterns very similar to Jan 2024. PBA share price will easily breakout RM 3.00 level, expecially toward next Q result.

As PBA only first deliver EPS after traffic hike, EPS >15sen, therefore, it need another quarter EPS delivery, sustain >15sen to roll out estimation annual EPS 60sen, which should convince market to peg fair valuation for water utilities share at PE 10x

1 week ago

One quarter EPS is NOT enough to prompt market to give fair valuation. PBA need to deliver 2 or 3 consecutive quarterly EPS >15sen to convince market for fair PE x 10 valuation for these utilities stock or fair price RM 6. Therefore, current market price still have 100% potential upside in next 3 - 6 month, provided PBA can deliver sustainable EPS >15sen quarterly as water traffic rate hike is valid for 3 year period or till end of 2026 before next 3 year review

Most of profit earn however will channel to increase capex to built pipeline connecting dam to water treatment plant, increase water treatment capacity, built more water treatment plant, new pipe replacement to decrease non revenue water, all in is to increase water supply to meet water demand growth from 890MLD to 1350MLD by 2030. However. fraction of EPS will sill able to channel to increase dividend payout to shareholder to be in line with increament in annual EPS 60sen

1 week ago

💪💪💪👍👍👍

1 week ago

BursaKakis

Penang State Govt To Continue To Attract Investors. Two of Penang’s upcoming industrial parks will provide several hundred hectares of industrial land to meet the growing demands by both local and international investors, says chief minister Chow Kon Yeow.
https://www.bernama.com/en/news.php?id=2340941#:~:text=GEORGE%20TOWN%2C%20Sept%2016%20(Bernama,in%20Batu%20Kawan%20near%20here.

1 week ago

Chow Kon Yeow actually is a considerate and hardworking person who has put in a lot of efforts for the improvement of Penang especially to draw more investors to set up factories in Penang.

1 week ago

Steven Sim will lead Penang DAP, next upcoming Penang Chief Minister. Two milestone achieved so far, increase gov servant salary hike and upcoming minimum wages

1 week ago

PBAPP to invest another RM1.115bil for Penang's Water Contingency Plan 2030

BUTTERWORTH: Perbadanan Bekalan Air Pulau Pinang (PBAPP) will invest another RM1.115bil over four years under the Water Contingency Plan 2030 (WCP 2030) to ensure the sustainability of clean water supply.

Penang Chief Minister Chow Kon Yeow and PBAPP chairman said the investment was to ensure a clean water supply for 1.74 million Penangites as water usage in the state continues to rise.

"PBAPP has invested RM69.15mil to implement WCP 2030 and will add another RM1.115bil over the next four years to carry out six more projects to address a 10% hike in water usage.

"For the first half of this year water usage was 887 million litres per day (MLD), an increase from 843 MLD in 2019,” he told reporters after launching Package 12A at the Sungai Dua Water Treatment Plant (LRA) here on Friday (Sept 20)

1 week ago

He said the next project involves building a new LRA with a capacity of 114 MLD to utilise part of the raw water reserves from the expanded Mengkuang Dam in Seberang Perai Tengah (SPT) and building Sungai Kerian LRA to produce an additional 114 MLD of treated water for supply in Seberang Perai Selatan (SPS).

According to Chow, two more projects include implementing the Sungai Perai Water Supply Scheme with a capacity of 136 MLD in SPT, which involves pre-treatment works to use nearby rivers as an additional raw water source and developing a new Sungai Muda LRA to produce 114 MLD of treated water for supply in Seberang Perai Utara.

1 week ago

On Package 12A, Chow said the project could increase Penang’s water treatment capacity by 114 MLD starting this month, adding that it features a new water treatment module within the Sungai Dua LRA, built in response to the rising demand for water.

He said the treatment plant is the largest and most important in the state, supplying treated water to approximately 465,000 consumers every day.

He added that the Package 12A project began in March 2022 and was fully completed and operational on Sept 5. - Bernama

1 week ago

KUALA LUMPUR (Sept 20): PBA Holdings Bhd (KL:PBA) said the group is undertaking three major pipeline projects in Penang, scheduled for completion in 2025 or 2026 at a total cost of RM189 million.

These pipelines will allow the group's subsidiary and Penang's water supply operator, Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP), to pump more water at higher pressures from the Sungai Dua water treatment plant, said PBA Holdings CEO Datuk K Pathmanathan

1 week ago

With the commissioning of Package 12A, we have effectively increased Penang’s overall maximum water treatment capacity by 114 MLD (million litres per day), from 1,612 MLD to 1,726 MLD," said Pathmanathan. "With increased treatment capacity in hand, PBAPP will now focus on upgrading Penang’s water distribution network [or pipeline network] to deliver more treated water to our customers."

It is carrying out this through the implementation of the three major pipeline projects, comprising a 13km pipeline project in Seberang Perai, from the Sungai Dua plant to Butterworth (RM128 million), a 3.9km pipeline on Penang island, from Macallum area to the Bukit Dumbar Reservoir and Pumping Station Complex (RM44 million), and the Sungai Perai River-Crossing Pipeline Project in Seberang Perai (RM17 million).

1 week ago

Sustain water hike rate for next 3 year has allow PBA profitability surge multifold to earn RM 200m annually or EPS = 60sen, in order to meet upcoming capex RM 1.1 billion on staggering till 2028 to built more water treatment plant and laying new pipeline

Take nore, PBA next new water traffic review for non dosmetic is due on 2026 follow by subsequent
domestic water traffic rate hike 2027. The next new water traffic on 2026 and 2027 will continue ensure PBA profitability sustain higher to meet any shortfall or new project forward before 2030 for new Perak - Penang water transfer materialise

1 week ago

FULL Gurney Bay Project detail update Phase 1 & 2. Coastal Grove, Beach, Water Gardens & Drive Wharf
https://www.youtube.com/watch?v=M0JDmgb-QMs

6 days ago

added more PBA at 2.50-2.54

6 days ago

ValueInvestor888

penang water rationing lately again i was told due to low water level at dam. How they increase the raw water or find more source of water? Building water treatment but no source of water?

5 days ago

hw0706

Pba see can drop to 2.00

5 days ago

Justaboylearning

PBA spending RM 180 million for 3 major pipelines. So expensive

5 days ago

PBA runs the risk of serving the public rather than maximising shareholder value, a political animal as it is.

3 days ago

https://www.nst.com.my/news/nation/2024/09/1109446/rains-boost-penang-dams-waters-remain-below-safe-levels

3 days ago

In bursa, only 2 water treatment stock listed in bursa. PBA and Ranhill.

PBA is 69% control by Penang gov, of course need take care of domestic water user as show by PBA given subsidy RM 110m as subsidy at shareholder expense, but, in turn of profitability, PBA still deliver awesome profit and give dividend

On the other hand, Ranhill SAJ, johor water operator, is 20% control by Johor gov and 80% control by listed Ranhill utilities should be more profit oriented, without given any subsidy, but, in turn of profitability, Ranhill cann't deliver good profit at all.

3 days ago

kancs3118

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

3 days ago

kancs3118

Slowly slow dropping ...

3 days ago

Ranhill & Puncak Niaga - Malaysia boleh policy

3 days ago

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

3 days ago

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

3 days ago

I stand corrected

3 days ago

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

3 days ago

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

3 days ago

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

3 days ago

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

3 days ago

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

3 days ago

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

3 days ago

Willtolive

some funds already left Bursa for HSI

3 days ago

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

2 days ago

turbochart

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

1 day ago

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

19 hours ago