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Overview
Financial Highlight
HeadlinesNo recent Headlines for this stock. 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.
  xiaoji look at their net cash in the past few years, increase to more than 30 cents now. 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  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 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 Cockroach Paul Lee This PBA is charity stock lai... amitofu... contributes to Penang society.... well done... but nothing for investors Haha... amen Syabas... Arigato... Kokuncup 功德无量 29/07/2019 7:45 PM 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 http://www.pba.com.my/pdf/news/2019/20190115_PBAPP_Tariffs_116_Below_National_Average_v2.pdf not sure why people dont get this -vested- 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 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! -vested- 11/10/2019 11:26 AM k3nthiew https://themalaysianreserve.com/2019/05/14/water-tariff-rate-to-increase-by-year-end/ Is year end now... is this going to postpone?? 01/11/2019 3:49 PM Lee Francis ...this is a time bomb....when you least expect it the announcement will come...and it will kaboom!!! 06/11/2019 4:39 PM Valuedude result is affected by MFRS15, fundamentally stil looks ok. but it is obvious that the directors don't put effort to explain that..... looks like a long term game -vested- 26/11/2019 5:21 PM  yangxi https://www.thestar.com.my/metro/metro-news/2019/11/29/pbapp-keen-to-recycle-the-waste-following-the-dutch eh..pba when want increase water tariff penang ahhh.. must follow johor rate. 03/12/2019 11:49 AM k3nthiew Penang water tariff is so low, half of the nationwide average only, new tariff should at least meet that level, than, all PBA shareholders will huat huat!! 06/12/2019 11:46 AM LouiseS PBA's main business segment is on providing water supply to Penang state consumers. PBA's earning performance has been overall fluctuating in last five years, whereby its earning per share overall fluctuated from -31.25 sen to 18.66sen. PBA pays dividend consistently in the last five years, whereby dividend per share ranged from 3.5 to 4 sen per share. In FY2018, total dividend paid to shareholders was 4 sen per share, amounting to a dividend yield of 3.67%. Currently the P/E ratio is ~-3.49. In FY2018, PBA recorded a loss after tax of RM103.43 million due to the recognition of RM137.60 million in unabsorbed RA as a tax liability. https://louisesinvesting.blogspot.com/2020/01/comments-on-pba-holdings-bhd-5041.html 27/01/2020 1:58 PM Valuedude accounting treatment really messed up the number. cash flow from operation is still strong though -vested- 28/02/2020 5:35 PM XXXvalue pba shud distribute the cash holding (as special div) to s/holders in this hard time. All glc's with large cash hoard shud do the same as this will really help the govt (the largest share holder). 17/04/2020 4:59 PM  |
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