KLSE: PBA (5041)       PBA HOLDINGS BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
1.12   0.00 (0.00%)  1.12 - 1.13  10,000
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Market Cap: 371 Million
NOSH: 331 Million
Avg Volume (4 weeks):29,760
4 Weeks Range:1.08 - 1.16
4 Weeks Price Volatility (%):
52 Weeks Range:1.02 - 1.27
52 Weeks Price Volatility (%):
Average Price Target: 0.96
Price Target Upside/Downside: -0.16
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  28-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  28-Nov-2019
T4Q P/E | EY: -3.72  |  -26.89%
T4Q DY | Payout %: 3.13%  |  - %
T4Q NAPS | P/NAPS: 2.0983  |  0.53
T4Q NP Margin | ROE: -28.90%  |  -14.36%


Date Subject
15-Jan-2019 Mplus Market Pulse - 15 Jan 2019
15-Jan-2019 PublicInvest Research Headlines - 15 Jan 2019
10-Jan-2019 Water Tariff Hike And It's Result to PBA
21-Nov-2018 Is this means a Privatisation Offer for PBA?

Business 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.
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  4 people like this.
sohaitrader PBA vol come liao lo .. dont missed it ! someone keep collecting !
08/10/2018 4:14 PM
sohaitrader http://www.kwongwah.com.my/?p=587031
17/10/2018 5:27 PM
sohaitrader 吉隆坡17日讯)水源,土地及天然资源部长西维尔指出,政府将重新检讨和调涨水费,以便国人珍惜水源。






17/10/2018 5:27 PM
Valuedude any idea why stock price dropping? Ranhill keeps going up on the other hand..
29/10/2018 3:41 PM
BN_better LGE as Penang CM is most suitable post not Finance Minister haha.
01/11/2018 10:21 AM
k3nthiew https://themalaysianreserve.com/2018/11/02/post-selangor-nationwide-water-sector-shake-up-next/

Is this means Federal Government want to take over all the water assets in Malaysia??
19/11/2018 3:25 PM
k3nthiew THE federal government is in full gear to revive the proposed water industry restructuring in all states nationwide, which has been in a stalemate for nearly two decades.

Water, Land and Natural Resources Minister Dr Xavier Jayakumar said efforts are underway to proceed with the multi-layered plan to consolidate state water assets under one roof.

“The water industry restructuring is done for a better control of the water industry and tariffs in the country.

“Basically, it (industry restructuring) is happening. Some states are a bit delayed in terms of going ahead with the water transfer, but I think we will achieve it in the end,” he told the media in Parliament yesterday.

Xavier said he has been leading meetings with several states to discuss the water industry’s restructuring and explain the benefits for the state governments to take up the offers dished out by Pengurusan Aset Air Bhd (PAAB).

“It is better for the states to take the offer because PAAB gives a very good rate, so it doesn’t really bite into the financial movement in the state. The payback period is long and it is within the margin,” he added.
19/11/2018 3:35 PM
sohaitrader PBA queue so many seller to block ppl on buying it .. just wait d operator push up d share price ..
22/11/2018 11:07 AM
sohaitrader result out liao .. no surprise .. sad
28/11/2018 6:00 PM
k3nthiew Why the maintenance cost on Nov 2017 due to the flood was charge this Q??
29/11/2018 10:29 AM
sohaitrader Why the maintenance cost on Nov 2017 due to the flood was charge this Q??

purposely want to ask ppl throw at CHEAP .. CB lang PBA CEO
29/11/2018 10:45 AM
k3nthiew https://www.malaymail.com/s/1710662/cm-says-penang-water-rates-may-rise-following-national-review

Profit will up again with this.... likely to be double digit increase for Penang...
Penang 0.32/1,000 liters VS 0.69/1,000 liters national average...
09/01/2019 4:09 PM
sohaitrader HURRAY huat ah !
09/01/2019 9:49 PM
xiaoji look at their net cash in the past few years, increase to more than 30 cents now.
10/01/2019 1:09 AM
xiaoji yet their dividend payout remain low, slightly higher than FD.
10/01/2019 1:09 AM
tigerboy Finally Penang Chief Minister Chow Kon Yeow is doing their right thing by allowing Penang water tariffs to increase significantly. Penang is having water tariff of RM0.32 per cu.m. now compared to RM0.67 for Kedah, RM0.73 for Perak, RM0.77 for Selangor and RM1.05 for Johore. (source: Perbadanan Bekalan Air Pulau Pinang Sdn Bhd-Water Tariff Project 2014). The extreme low Penang water is making it funny compared to other Pakatan Harapan controlled states as mentioned above. To close the tariff gap between states, the easiest is to raise the water tariff in Penang significantly. Penang people will have little to complaint about any water tariff increase when looking at water tariff in other states.
10/01/2019 7:19 PM
RainT not much growth story on PBA

dividend yield also lower than others

invest on others companies better
10/01/2019 11:12 PM
xiaoji RainT,
maybe thats the reason even it's to raise 20% tariff yet it's still unable to stimulate both the price and volume
11/01/2019 4:49 AM
tigerboy Under Lim Guan Eng (LGE), Penang water tariff is purposely keep low to hit out on BN controlled states claiming how efficient is Pakatan Harapan states. Even the high water tariff in Selangor was blamed on former BN government. Now Pakatan is the government of the day. The reason to keep Penang water tariff very low is no longer there. Even if the water tariff is increased 25% (from RM0.32 to RM0.40), it is still much lower than the next lowest water tariff of RM0.52 of Terengganu. With the significant increase in Penang water tariff, the profit of PBA will soar and the dividen payout will increase significantly.For the long suffering PBA shareholder, this is the moment long waited for. Just have to wait a little longer (within 2 months ?).
11/01/2019 9:37 AM
sohaitrader PBA Holdings Bhd’s is seeking a water tariff revision to raise RM501.0 mln to invest in five water supply projects in the State between 2019 and 2021. This takes into consideration that water demand in the State is projected to rise 128.0% to 1,884 mln litres per day from 826 MLD in 2017. (The Edge Daily)
16/01/2019 1:49 PM
sohaitrader https://www.thestar.com.my/metro/metro-news/2019/01/25/protecting-penangs-future-pbapp-water-tariff-review-needed-to-realise-longterm-vision/
28/01/2019 11:07 PM
sohaitrader THE proceeds from the proposed Penang water tariff review will be used solely to fund important water projects for the future, said Penang Water Supply Corporation (PBAPP) chief executive officer Datuk Jaseni Maidinsa.

He said the state government was implementing various socio-economic projects now to achieve the Penang 2030 vision of becoming a family-focused, green and smart state that inspires the nation.

“The aspirations of ‘Penang 2030’ cannot be achieved if Penang does not have enough water supply.

“Moreover, the people of Penang expect to enjoy continuous good water supply with no water rationing towards 2030 and beyond,” he said in a press statement.

“Penang’s average daily water demand has increased by 11%, from 744 million litres per day (MLD) in 2008 to 826 MLD in 2017.”

He also said Penang’s water demand was projected to reach 1,884 MLD by 2050, according to the independent ‘Masterplan Study for Potable Water in Penang towards 2050’.

Jaseni also noted that Penang’s population had increased from 1.55 million people in 2008 to 1.76 million people in 2017, adding that PBAPP’s customer base has increased from 476,179 consumers in 2008 to 604,547 consumers in 2017.

Another reason, he said, was that the number of trade water consumers (including multinational manufacturing companies, hotels and all kinds of businesses) in Penang has amost doubled, from 58,707 trade consumers in 2008 to 86,546 consumers in 2017.

“Penang needs sufficient water to support projects for the future, such as the Gurney Wharf, Batu Kawan Masterplan and Penang South Reclamation — Three Islands Project.

“According to an online portal , Penang’s per capita GDP in 2016 was RM47,332, the second highest in Malaysia after Kuala Lumpur.

“PBAPP must consistently stay ahead of Penang’s water demand to ensure that the people continue to benefit from progress.”

Jaseni also said that due to planning, development and funding considerations, major water supply projects could not be realised in a year or two.

“For example, the projected development period for the Sungai Perak Raw Water Transfer Scheme (SPRWTS) is seven years.

“The state government has implemented a ‘No Water Rationing’ policy in Penang for the benefit of the people.

“We must remember that Penang is a water-stressed state. PBAPP’s primary objective is to avoid water rationing in Penang at all costs,” he said.

On Penang MCA handing Chief Minister Chow Kon Yeow a letter objecting to the likely increase in water tariff rates, Jaseni urged MCA to “think about the good of Penang”.

Jaseni said things have changed significantly in Penang since 2008.

“Due primarily to increased domestic water consumption, PBAPP’s water subsidies for 2017 and 2018 amounted to RM163.2mil. In 2017, PBA Holdings Bhd reported operational profits after tax (PAT) of RM37.28mil.

“How may we continue to justify RM80mil a year subsidies when PBAPP needs to raise sufficient funds for projects to ensure water sustainability and security for Penang in the future?

“The proposed tariff review is not aimed at putting more money into PBAPP’s pockets. It is to protect the future of Penang and its people,” he said.

Read more at https://www.thestar.com.my/metro/metro-news/2019/01/25/protecting-penangs-future-pbapp-water-tariff-review-needed-to-realise-longterm-vision/#732eL5TGuLZWpPEt.99
28/01/2019 11:08 PM
sohaitrader http://www.theedgemarkets.com/article/span-its-high-time-water-tariff-review
02/02/2019 1:30 PM
Valuedude Is this unabsorbed reinvestment allowance thing going to be payable by the company?
28/02/2019 7:01 PM
RainT @valuedude

unabsorbed reinvestment allowance is tax incentive

it cannot be payable to whoever party

this RA is keep for reduce tax payment only , keep carry forward until can use or expire already then cannot use ( see Income Tax Act)

it is not money that pay to who or receive from who ...lol
01/03/2019 12:15 PM
RainT loss due to impairment loss on debtors

unless if future can receive back the payment then can recognize reversal of impairment loss

if not it will be permanent loss to the company
01/03/2019 12:16 PM
RainT no much information disclose about who,which and nature of the impairment loss on debtors
01/03/2019 12:17 PM
Valuedude @RainT:

if this is not payable, then I don't understand why the company record it as part of tax expense.. maybe for whatever reason they try to bring the share price down

obviously disclosure is very minimum. only retail shareholder is the one suffering..
01/03/2019 1:11 PM
dericktan but they deducted RM103,430,000 from the retained earnings! (As at 1 January 2019, got RM496,702,000.)

making it RM368,313,000 as at 31 December 2018, even lower than the retained earnings as at 1 January 2013, RM369,861,000.

they just moved 6-7 years backward, although today their business is more profitable than before, but their management seriously ...

keep so much retained earnings also reluctant to distribute special dividend, satu kali give IRB took RM0.1x billion.
01/03/2019 5:26 PM
k3nthiew https://www.malaymail.com/news/malaysia/2019/04/10/minister-six-states-approved-water-rate-hikes-two-more-soon/1741673

Should announce tariff hike very soon...
10/04/2019 12:30 PM
sohaitrader sleeping Beauty PBA ...
11/04/2019 3:29 PM
Valuedude this counter dead already?
21/05/2019 9:16 AM
mobidick Anyone knows why pba having high depreciation/depletion value in cashflow? It keep happening once awhile. Water business have such high depreciation asset? what asset is that? filter tech?
28/05/2019 3:48 PM
k3nthiew Hopeless management and BoD... using PBA's money to serve penang citizen and archieve their political objective
31/05/2019 5:12 PM
k3nthiew CEO is really hopeless... giving nonsense answer during AGM Q&A section
31/05/2019 5:14 PM
Valuedude Penang attracted approved investments worth RM8.8bn in the manufacturing sector in 1Q19, up 763% from RM1.02bn in 1Q18 and already surpassed the full year 2018 approved investment of RM5.8bn, Of the total investments approved in 1Q19, FDI accounted for RM8.47bn, while the rest was domestic investment, Chow said. (Edge)

no wonder water consumption very high. however, they do nothing to increase the price -.-
13/06/2019 10:02 AM
sohaitrader cb counter PBA i all in liao and stuck for nearly 1 year hahaha
21/06/2019 3:21 PM
Cockroach Paul Lee This PBA is charity stock lai... amitofu... contributes to Penang society.... well done... but nothing for investors
Haha... amen
29/07/2019 7:45 PM
Valuedude good result also price does not move..

29/08/2019 9:21 AM
k3nthiew Superb quarter result... but tats the nature of the business... increasing demand when there are higher population and FDI. Good business manage by a hopeless management and lead by politician... but they tot they did good job...
29/08/2019 2:51 PM
k3nthiew Company with good profit and prospect... but they keep the monies for capex to provide good quality of water (but NRW still increasing) and to avoid water rationing... pay them self fat salary by screwing the shareholder's interest (increase salary by 16% on 2018, but dividend to shareholders drop to 3.75 sen from 4 sen
29/08/2019 2:57 PM
k3nthiew https://www.malaymail.com/news/malaysia/2019/09/08/new-water-tariffs-for-all-states-in-the-offing-says-minister/1788471
10/09/2019 9:07 AM
Valuedude finally!

10/09/2019 10:08 AM
yangxi soon will climb RM2.00 TP
10/09/2019 10:36 AM
Valuedude http://www.pba.com.my/pdf/news/2019/20190115_PBAPP_Tariffs_116_Below_National_Average_v2.pdf

not sure why people dont get this

12/09/2019 12:53 PM
Santiago Anyone know the status of Raw Water transfer from Perak to Penang? Has it been approved? Will PBA gain from this?
24/09/2019 5:39 PM
k3nthiew https://www.thesundaily.my/local/water-tariffs-to-be-raised-next-year-MI1468284
10/10/2019 4:39 PM
k3nthiew Get ready for the RUN... price run ;)
10/10/2019 4:40 PM
k3nthiew KUALA LUMPUR (Oct 10): A water tariff setting mechanism (TSM) is expected to be implemented next year following the Cabinet's approval, said Water, Land and Natural Resources Deputy Minister Tengku Zulpuri Shah Raja Puji.

He said the proposed tariff increase would be minimal, between 0.06 sen and 0.71 sen per 1,000 litres, which is lower compared to other utility charges such as electricity, gas and telecommunications.
11/10/2019 9:26 AM
Valuedude current water tariff in penang is 0.32. if it increases by 6 cent (lowest range increases), then it is 18.75% increase already!

11/10/2019 11:26 AM


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