PBA HOLDINGS BHD
KLSE (MYR): PBA (5041)
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Last Price
2.15
Today's Change
-0.01 (0.46%)
Day's Change
2.10 - 2.16
Trading Volume
457,800
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
6 people like this. Showing 50 of 1,968 comments
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
1 month ago
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.
1 month ago
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
1 month ago
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
1 month ago
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.
1 month ago
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.
1 month ago
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.
1 month ago
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
1 month ago
PBAPP - Pembukaan Rasmi Modul Pakej 12A
https://www.youtube.com/watch?v=8-ob5I73QAs
1 month ago
Based on EPS 60sen, fair valuation PE 10x, target price RM 6, upside potential > 100%
1 month ago
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.
1 month ago
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...
1 month ago
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.
1 month ago
PENANG, Thursday, 7.11.2024: The Federal Government is working with the Penang State Government and PBAPP on 4 major water supply projects for Penang.
4 ADDITIONAL FEDERAL GOVERNMENT WATER PROJECTS FOR PENANG
1. 440 MLD Lahar Yooi Pump House to enable faster refilling of the Expanded Mengkuang Dam (EMD)
2. 440 MLD Dual Purpose Pipeline (EMD to Sungai Dua Canal)
3. Sungai Kerian Off-River Storage Scheme (ORSS)
4, Sungai Muda ORSS
These 4 Federal projects are additional water supply projects that should be implemented in tandem with Penang’s RM1.184 billion Water Contingency Plan 2030 (WCP 2030) and the RM4.5 billion “Perak-Penang Water Project”.
PBAPP will continue to implement the remaining 6 of the 8 WCP 2030 projects as scheduled while supporting the Federal Government’s implementation of the “Perak Penang Water Project” by 2030.
When implemented, these 4 additional Federal projects will help to ensure continuous good water supply in Penang on a 24/7/365 basis and relieve Penang’s water-stress status during this age of climate change.
2 weeks ago
Silicon Valley of the East’, Penang contributes to over 5% of global semiconductor sales and houses three of the global top 10 semiconductor leaders. The state also houses six of the global top 30 medical device companies and has the highest concentration of medical technology companies in Malaysia and Southeast Asia namely Abbott from the US, B Braun from Germany, Boston Scientific from the US, Smith & Nephew from the UK, as well as Canon and Hoya from Japan.
Penang just added another new medical device giant Dexcom Inc.
Dexcom opens new RM2.8bil manufacturing facility in Penang
BATU KAWAN: US-based medical device firm Dexcom Inc has officially opened its new manufacturing facility in Batu Kawan, Penang, marking its first offshore manufacturing site outside the United States.
Penang Chief Minister Chow Kon Yeow said the RM2.83bil strategic investment will bring more than 3,000 jobs to the state, contributing to a workforce set to positively impact the lives of over three million people worldwide
https://www.thestar.com.my/business/business-news/2024/11/13/dexcom-opens-new-rm28bil-manufacturing-facility-in-penang
2 weeks ago
The board have yet to. Deliberate dividend to be declared
Wait for higher incoming dividends in view of surging cash hoard to RM 289m now
1 week ago
It has been the company's practice, at least for the past 20 years, to declare an interim dividend in November.
With swelling cash and impending implementation of dividend tax, will the company pay more this time?
1 week ago
Current lower quarter result mainly due to
1. Deferred tax - RM 18.5m
2. Free 10m3 water for 6 month as special subsidy to domestic customer, erode PBA profit by -RM 11m
3. Domestic consumer reduce water usage due to water traffic hike. These temporary setback in domestic will be setoff with nondometic consumption through increasingly semiconductor manufacturing activities
1 week ago
Agreed. PBA cash flow is too attractive, accumulate nearly 86sen/share.
In additional, next year onward, PBA will start recover penang government repayments RM 88.6m on staggering basis begin 2025 will further boost up PBA cash hoard.
Hence maiden special dividend is imminent, following trend like kossan and MSC to declare special dividend ahead of next year dividend tax, which will benefit Penang gov the most as majority stake holder
1 week ago
Generally, utility stock like water or power are debt laden, but have positive cash flow generated from utilities business ike YTLP, tenaga, malakroff, RANHILL. Therefore, it is rather unusual for PBA to sit on massive cash hoard and trade below NTA.
Next year dividend tax is good opportunity for PBA to rectify their financial position to better reflect utilities business model and allow Penang government to enjoy better dividend payout ahead of next year dividend tax and commencment of repayment loan RM 88.6m to PBA
1 week ago
PBA's PE at 9 and below NTA. Vs Ranhill PE at 30 and trading two times of NTA.
Assuming same logic, PBA should be trading at RM6 right now. Severely undervalued. Looking at the massive cash pile and being a cash cow, expect better dividends and revaluation.
1 week ago
No worries la...that massive tax heavily affected pba's profit..its temporary only..
1 week ago
3Q24 PBT RM42.2m +45% yoy, revenue RM139.9m +22% yoy.
Deferred tax expense is a non-cash item.
9M24 Cash flow from operations before working capital changes RM159.4m +58% yoy
Overall performance is ok.
Budget announced next year 2% dividend tax. Pay much higher dividend upfront now will be good for everyone.
Next month is already December. Savvy long-term investors focus on future annual earnings, 2025 and beyond.
1 week ago
PBA regained some foothold and now roughly back to it's original price before announcement. This tells us that market conviction for the stock did not wane and they predict water consumption usage will definitely increase in the coming years, from domestic household and mainly from factories and businesses.
1 week ago
Look like this PBA has constant profit
This Q 42 mil PBT
Last Q 58 mil PBT
Half year 100Mil PBT
1 year 200Mil PBT (-25% tax) = 150Mil PAT
It will surge after rebate of water done next year.
Market cap 1 Bil is possible
Note: This Qr have 20 Mil + Defer tax .
2 days ago
School holidays, Christmas season, CNY, all coming soon. Increase in water usage. Furthermore, it is wet season. Abundance of water to sell. They haven't declared any div yet. Maybe 1 soon??
14 hours ago
Opportunity to buy? or is it Overvalued?
If PBA can announce a good dividend, then it will sure support the price.....
12 hours ago
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hng33
It need to breakout RM 2.60 to resume uptrend toward RM 3.00 and thereafter before next upcoming Q3 EPS 15sen
1 month ago