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Overview
Financial Highlight
HeadlinesBusiness Background PBA Holdings Bhd is an investment holding company. The company through its subsidiaries is engaged in the abstraction of raw water, treatment of water, and supply and sale of treated water to consumers in the State of Penang. It operates geographically in Malaysia. Its subsidiaries are engaged in the abstraction of raw water, treatment of water, supply and sale of treated water to consumers.
  hng33 https://www.humanresourcesonline.net/penang-unveils-stem-talent-blueprint-to-build-long-term-talent-pipeline-and-align-with-nimp-2030-and-nss 09/09/2024 5:03 PM hng33 Intel will not halt operations in Penang https://www.themalaysianinsight.com/s/487415 09/09/2024 5:04 PM star899 Penang is a popular technological hub for local and multinational companies. More factory manufacturing processes would require more water usages Likewise more people flocking to Penang would require more water consumption too. So the demand for water is ever increasing. 09/09/2024 5:44 PM hng33 PBA have neither business demand risk nor market share competion as water consumption is on uptrend and PBA is operate under monopoly. The shift higher ratio between nondometic to domestic ratio in water consumption implying not only water consumption is increase but also imply higher water charge rate in nondometic category such as semiconductor industry, Hotel and mall, tourist arrivals increae hotels occupancy, will offer higher profitability forward 09/09/2024 5:56 PM hng33 More international hotel, service apartment in Penang..... More non-domestic big water user, charge at higher traffic rate are waiting to contribute more profit to PBA MARRIOTT International Inc. today marks a significant milestone with the grand opening of the Penang Marriott Complex, marking its 50th property in the country. Located along Gurney Drive, this landmark development is the first in Malaysia to house three Marriott Bonvoy brands under one roof namely Penang Marriott Hotel, Marriott Executive Apartments Penang, and Marriott Residences Penang. 09/09/2024 7:07 PM star899 In my opinion, PBA is undervalued stock with strong earnings and fundamentals. Additionally, PBA is backed by Penang government with integrity and capability. 12/09/2024 12:04 PM sell RM 2.58-2.61 sold. Thanks those buying. Heard Penangites complain about Chow Kon Yeow not helping them concerning hefty water bills. 12/09/2024 1:59 PM star899 Penangites enjoyed the cheapest water rate for "30" years. The tariff has been revised only starting from 1st February 2024. With such a long years without any changes, only this year started the increase. Let's be reminded that Penang government is so considerate to give rebate to the Penangites from July to December 2024 to lessen the Penangites' burdens. In other words, it is justifiable to complain ? Are Penangites so forgetful and ungrateful for the cheapest water they enjoyed in the past ??? 12/09/2024 9:42 PM hng33 The Light City - Sept 2024 FULL Progress update flying over Penang IJM Phase I & II, Stark Tower https://www.youtube.com/watch?v=gmwpPwIYWVY 13/09/2024 12:07 PM hng33 Actually, among all category Domestic water traffic, individual meter only hike between 180%-200%, the highest rate actually incur on high rise apartment with bulk meter have double up water rate hike 400% from RM 0.35pm3 to RM 1.73pm3 and these rate is flat rate for all water consumption volume. Therefore, the more high rise apartment build in Penang the more higher income for PBA 13/09/2024 12:25 PM chon99 https://thesun.my/business-news/us-s-benchmark-electronics-expands-in-penang-opens-its-fourth-facility-JD12994937 US-based company opens its fourth facility in Penang. More and more water will be needed. 13/09/2024 1:47 PM star899 Many investors have not yet known this precious gem, PBA . By the time many of them were to know then ................... (I think no need for me to elaborate. Just my opinion) 13/09/2024 1:54 PM star899 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. 13/09/2024 2:40 PM star899 Next Monday 16-09--2024 is a holiday. I will look forward to another continuing upward momentum from next Tuesday',(17-09-2024) 13/09/2024 5:08 PM hng33 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 14/09/2024 11:26 AM 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 16/09/2024 12:08 AM hng33 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 16/09/2024 7:30 PM hng33 Latest new Intel USD7.1B Pelican Project Update -Will it continue despite slowdown? Sept 2024 OnSite https://www.youtube.com/watch?v=BmnFpKkqj5k 16/09/2024 10:13 PM hng33 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 16/09/2024 10:14 PM 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/ 17/09/2024 8:00 PM hng33 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 17/09/2024 8:43 PM hng33 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 17/09/2024 10:16 PM 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. 18/09/2024 4:37 PM star899 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. 18/09/2024 5:22 PM hng33 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 19/09/2024 12:21 PM hng33 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) 20/09/2024 10:26 PM hng33 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. 20/09/2024 10:27 PM hng33 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 20/09/2024 10:28 PM hng33 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 20/09/2024 10:42 PM hng33 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). 20/09/2024 10:43 PM hng33 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 20/09/2024 10:57 PM hng33 FULL Gurney Bay Project detail update Phase 1 & 2. Coastal Grove, Beach, Water Gardens & Drive Wharf https://www.youtube.com/watch?v=M0JDmgb-QMs 24/09/2024 2:58 PM 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? 25/09/2024 11:13 AM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
