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2024-01-16 10:14 | Report Abuse
Insas seems undervalued by net cash/NTA valuation but also need to ask these questions:
1. What is the future prospect? Can next year earnings grow substantially (my standard at least 10%)?
2. How about the free cash flow? Will it grow in the future? + Has it grown higher historically.
3. What is the management planning to do with the extra cash ... return to shareholder? Or invest in new growth busienss? Or invest in efficiency enhancement of existing business?
2024-01-11 13:56 | Report Abuse
Planned water works completed ahead of schedule; some taps flowing in Penang
GEORGE TOWN: Chief Minister Chow Kon Yeow and the Penang Water Supply Corporation (PBAPP) have earned all-round praises after water supply resumed in several parts of Seberang Prai and Penang island after all planned water works have been completed ahead of schedule.
Since late last night, social media has been abuzz with water recovery updates.
PBAPP chief executive officer K. Pathmanathan said they completed all planned water works at the Sungai Dua Water Treatment Plant (WTP) and 22 other locations ahead of schedule yesterday.
He said the stage one of the water supply recovery plan commenced from 11pm yesterday.
https://www.nst.com.my/news/nation/2024/01/999799/planned-water-works-completed-ahead-schedule-some-taps-flowing-penang
2024-01-10 15:53 | Report Abuse
Worst case scenario +RM10 to water bill for B40 which is already very small chance to happen.
Again worst case scenario only husband working with RM1500 salary, what is the % of increase against salary?
RM10/RM1500 = 0.7%
Many Penang people earn more than RM1500
Examples:
Minimum salary class RM1500: Impact =10/1500 = 0.7%
M40 people RM5000: Impact = 10/5000 = 0.2%
T20 people RM10k salary: Impact = 10/10000 = 0.1%
Which one is worse... old pipe not replaced causing no water 1-2 days a year or pay extra 0.5% on average of your salary so that whole year can get water?
2024-01-09 19:28 | Report Abuse
Fundamentally strong company
2024-01-09 08:55 | Report Abuse
NVIDIA Corporation (NVDA)
Close Price: USD522.53
+31.56
+6.43%
NVIDIA surge 6%!
YTLPOWER continues to benefit from AI and Data Center theme!
2024-01-08 16:50 | Report Abuse
I stick to my target of RM2.50 for PBA which has not taken into account any potential tariff hike in 2024.
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-11-09-story-h-215206834-PBA_6_reasons_why_PBA_is_worth_RM2_50
2023-12-29 16:50 | Report Abuse
Hi TanKW,
My pick for 2024 are:
PBA 30%
INARI 10%
UEMS 10%
MYNEWS 10%
AVALAND 10%
SHANG 10%
TMCLIFE 10%
SPRITZER 5%
APOLLO 5%
posted at 451pm
2023-12-26 08:19 | Report Abuse
Penang Chief Minister hinted at water tariff hike soon, The Star asked people to take water seriously...
I asked you to TAKE WATER STOCKS SERIOUSLY...
PBA is worth at least RM2.50 because my this value has not taken into account possible increase in tariff to all users. It only takes into account the tariff increase to industrial user which already came into effect 1-Jan-2023. Many factories in Penang already use water with higher rates since then, but since water cost is too little vs. overall cost, these factories still generate higher profit generally speaking.
Details on why PBA is worth minimum RM2.50
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-11-09-story-h-215206834-PBA_6_reasons_why_PBA_is_worth_RM2_50
2023-12-19 14:14 | Report Abuse
What are the lessons learnt after Apollo surge to 7-year HIGH?
Read it here...
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-19-story-h-212310342-APOLLO_3_lessons_learnt_after_price_hit_7_year_high_KingKKK
2023-12-18 16:57 | Report Abuse
Who is the top Gainer in 2023 for Property Sector? ECOWLD vs other developers here...
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-18-story-h-212339210-Property_Sector_Super_Winner_in_2023_Discussion_about_UEMS_SPSETIA_SUNW
2023-12-18 16:56 | Report Abuse
Who is the top Gainer in 2023 for Property Sector? MAHSING vs other developers here...
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-18-story-h-212339210-Property_Sector_Super_Winner_in_2023_Discussion_about_UEMS_SPSETIA_SUNW
2023-12-18 16:56 | Report Abuse
Who is the top Gainer in 2023 for Property Sector? IOIPG vs other developers here...
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-18-story-h-212339210-Property_Sector_Super_Winner_in_2023_Discussion_about_UEMS_SPSETIA_SUNW
2023-12-18 16:52 | Report Abuse
Who is the top Gainer in 2023 for Property Sector? SUNWAY vs other developers here...
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-18-story-h-212339210-Property_Sector_Super_Winner_in_2023_Discussion_about_UEMS_SPSETIA_SUNW
2023-12-18 16:52 | Report Abuse
Who is the top Gainer in 2023 for Property Sector? SPSETIA vs other developers here...
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-18-story-h-212339210-Property_Sector_Super_Winner_in_2023_Discussion_about_UEMS_SPSETIA_SUNW
2023-12-18 16:51 | Report Abuse
Who is the top Gainer in 2023 for Property Sector? UEMS is ranked No 1...
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-18-story-h-212339210-Property_Sector_Super_Winner_in_2023_Discussion_about_UEMS_SPSETIA_SUNW
2023-12-18 08:56 | Report Abuse
I wrote about Apollo when it was at RM4.08 back in April-2023, today already RM5.40
32% in 8 months, good or not?
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-04-04-story-h-274282357-APOLLO_3_Reasons_Why_This_Stock_Will_Surge_up_to_50
Apollo Food, likely a takeover target, to be suspended on Monday
https://theedgemalaysia.com/node/694138
2023-12-13 14:48 | Report Abuse
Share price performance comparison between SUPERMX and the rest
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-13-story-h-212436426-Gloves_Sector_Which_Share_Price_UP_THE_MOST_Discussion_about_KOSSAN_HAR
2023-12-13 14:48 | Report Abuse
Share price performance comparison between KOSSAN and the rest
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-13-story-h-212436426-Gloves_Sector_Which_Share_Price_UP_THE_MOST_Discussion_about_KOSSAN_HAR
2023-12-13 14:47 | Report Abuse
Share price performance comparison between HARTALEGA and the rest
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-13-story-h-212436426-Gloves_Sector_Which_Share_Price_UP_THE_MOST_Discussion_about_KOSSAN_HAR
2023-12-13 14:47 | Report Abuse
Share price performance comparison between TOPGLOV and the rest
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-13-story-h-212436426-Gloves_Sector_Which_Share_Price_UP_THE_MOST_Discussion_about_KOSSAN_HAR
2023-12-12 16:13 | Report Abuse
Good company with long term growth prospect and higher dividend year after year
2023-12-12 10:03 | Report Abuse
I still think PBA is worth RM2.50 because my Penang friend still use water to shower this morning. Many factories in Penang also use water with higher rates than last year.
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-11-09-story-h-215206834-PBA_6_reasons_why_PBA_is_worth_RM2_50
2023-12-12 08:55 | Report Abuse
Wah, utilities sector is powerful indeed! Just noticed this article become top in i3investor website.
2023-12-11 14:15 | Report Abuse
Utilities Sector - Who's The Heavenly KING?
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-11-story-h-212518941-Utilities_Sector_Who_s_The_Heavenly_KING_Discussion_about_YTLPOWR_YTL_R
2023-12-11 14:11 | Report Abuse
Utilities Sector - Who's The Heavenly KING?
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-11-story-h-212518941-Utilities_Sector_Who_s_The_Heavenly_KING_Discussion_about_YTLPOWR_YTL_R
2023-12-11 14:11 | Report Abuse
Utilities Sector - Who's The Heavenly KING?
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-11-story-h-212518941-Utilities_Sector_Who_s_The_Heavenly_KING_Discussion_about_YTLPOWR_YTL_R
2023-12-11 14:09 | Report Abuse
Utilities Sector - Who's The Heavenly KING?
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-11-story-h-212518941-Utilities_Sector_Who_s_The_Heavenly_KING_Discussion_about_YTLPOWR_YTL_R
2023-12-11 14:09 | Report Abuse
Utilities Sector - Who's The Heavenly KING?
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-11-story-h-212518941-Utilities_Sector_Who_s_The_Heavenly_KING_Discussion_about_YTLPOWR_YTL_R
2023-12-08 12:28 | Report Abuse
Uncle Koon, PBA PE is even lower because market has not noticed it yet.
Last quarter EPS is 11sen, times 4 = 44 sen.
Now trading at RM1.11, the PE is only 2.5x!
And the earnings is super solid because everyone in Penang and factories there use water everyday!
But not everyone buy property everyday...
Uncle, come read here...
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-11-09-story-h-215206834-PBA_6_reasons_why_PBA_is_worth_RM2_50
2023-12-07 09:22 | Report Abuse
Hi dragon, do you think YTL will acquire more stake in RANHILL (8x Forward PE) or other profitable water company like PBA (4x Forward PE)?
2023-11-30 14:18 | Report Abuse
I wrote about Apollo when it was at RM4.08 back in April-2023, today already RM5.1
25% in 7 months, not bad!
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-04-04-story-h-274282357-APOLLO_3_Reasons_Why_This_Stock_Will_Surge_up_to_50
2023-11-30 14:12 | Report Abuse
Is Wessex IPO possible? Water utilities company in UK trading at very high PE more than 30x... YTLP PE only <9x.
2023-11-30 14:10 | Report Abuse
Now can pay road tax straight at JPJ website, MYEG income affected?
2023-11-28 10:42 | Report Abuse
Spritzer share price +5% this morning and become the top 10 gainers in Bursa. What happened? Let's check out here...
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-11-28-story-h-214126694-Spritzer_Target_RM2_20_Still_Growing_Strong
2023-11-24 09:35 | Report Abuse
There are 2 major news about water industry today:
1. YTLPower's Wessex Water PBT before interest accrual turnaround to +RM121.6m in latest quarter from -RM3.0m in March-June quarter.
2. YTLPower may want to do IPO of Wessex Waters in in 2025-2026 which may fetch a valuation of over RM23 billion.
These are positive for water shares including PBA.
I continue to believe PBA is worth RM2.50 (vs. current price RM1.15).
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-11-09-story-h-215206834-PBA_6_reasons_why_PBA_is_worth_RM2_50
2023-11-24 06:29 | Report Abuse
Wessex Water PBT before interest accrual turnaround to +RM121.6m from -3.0m.
Potential listing of Wessex Waters in in 2025-2026 which may fetch a valuation of over RM23 billion
Water business is the future!
YTL and YTLP very powerful indeed!
If you want to have a pure water play in Penang for stocks with potential to double, come and read this blog about PBA (Penang water company).
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-11-09-story-h-215206834-PBA_6_reasons_why_PBA_is_worth_RM2_50
2023-11-23 08:52 | Report Abuse
What is water sector transformation?
The government views water as an economic opportunity.
https://wst2040.my/
2023-11-23 08:15 | Report Abuse
Strong earnings from Sunway, details as below
https://theedgemalaysia.com/node/690973
2023-11-22 16:28 | Report Abuse
Next Q earnings will be stronger as Penang water industry user utilise more water while expense decline due to lower electricity charge by Tenaga.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3398547
14. Variation of results against preceding quarter
Group revenue increased from RM104.44 million to RM114.31 million as compared to the
immediate preceding quarter. The Group registered a profit before tax of RM29.15 million as
compared to the immediate preceding quarter of RM11.55 million, primarily due to lower energy
costs due to the waiver of ICPT charges by TNB for Water Operators for the second half of the
year.
2023-11-16 08:45 | Report Abuse
Today Harta should up a bit due to good news from Kossan.
Kossan returns to black in 3Q with better cost controls, lower material costs
https://theedgemalaysia.com/node/690105
2023-11-16 08:32 | Report Abuse
Kossan returns to black in 3Q with better cost controls, lower material costs
https://theedgemalaysia.com/node/690105
2023-11-16 07:54 | Report Abuse
Amway (Malaysia) Holdings Bhd posted record earnings in the third quarter ended Sept 30, 2023 (3QFY2023) despite lower revenue, with net profit more than doubling year-on-year, as the group paid significantly lower incentives to its “Amway Business Owners”, in line with lower sales recorded. The improved profitability came after Amway issued a profit warning in August, after taking into consideration that inflation would squeeze consumers’ purchasing power and appetite to spend. Net profit for 3QFY2023 jumped 146% to RM46.21 million or 28.11 sen per share, from RM18.75 million or 11.41 sen per share a year ago (3QFY2022), despite revenue falling 10.3% to RM333.47 million from RM371.79 million.
https://theedgemalaysia.com/node/690147
2023-11-16 07:53 | Report Abuse
UEM Sunrise Bhd’s net profit dropped 59.04% to RM8.34 million for the third quarter ended Sept 30, 2023 (3QFY2023) compared to RM20.35 million a year earlier, on lower operating profit margins. The property developer said profit margins decreased to 14% from 16% previously, due to higher selling and distribution expenses incurred by new project launches. Additionally, there was no recognition of fair value adjustment from investment in unquoted shares for the quarter. Its quarterly revenue fell 12.2% to RM312.35 million from RM355.76 million in 3QFY2022 amid lower revenue contribution from Residensi Solaris Parq in Mont Kiara, which was at the advanced stage of completion, as well as Serene Heights in Semenyih, Residensi Astrea in Mont Kiara, as well as Estuari Gardens and Aspira ParkHomes in Iskandar Puteri, Johor.
https://theedgemalaysia.com/node/690147
2023-11-14 11:14 | Report Abuse
YTLPOWER has water asset in UK, good company...
PBA is Penang water play, why it is possible to DOUBLE from here? Read here...
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-11-09-story-h-215206834-PBA_6_reasons_why_PBA_is_worth_RM2_50
2023-11-10 10:12 | Report Abuse
Kenanga upgrades Westports to ‘outperform’, raises TP to RM3.80
https://theedgemalaysia.com/node/689602
2023-11-10 09:00 | Report Abuse
@dollardollarbill, ya Penang need money for LRT so dividend from PBA is helpful
Want to know more about PBA? Read here for 6 reasons why PBA is worth RM2.50
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-11-09-story-h-215206834-PBA_6_reasons_why_PBA_is_worth_RM2_50
2023-11-09 16:05 | Report Abuse
6 reasons why PBA is worth RM2.50
https://klse.i3investor.com/web/blog/detail/bestStocks/2023-11-09-story-h-215206834-PBA_6_reasons_why_PBA_is_worth_RM2_50
2023-11-09 10:59 | Report Abuse
5 reasons why PBA is worth RM2.50 (Part 2):
4. Utilities sector is HOT now. YTL Power, YTL, Tenaga already gone up a lot. Water play is the next one. Most people don't know about water tariff increase in Penang since 1/1/2023 for non-domestic and special categories users.
Details here:
https://pba.com.my/pdf/news/2022/29112022_PBAPP_NonDomesticTariff_ENG.pdf
5. Net cash of RM193m. It has cash RM213m, total debts RM20m. Just the net cash only already 58 sen per share!
Source:
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=225389&name=EA_FR_ATTACHMENTS
Bonus reason no 6: its Book Value is RM2.88
Source:
https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3398547
2023-11-09 09:40 | Report Abuse
5 reasons why PBA is worth RM2.50 (Part 1):
1. Turnaround story QoQ. Core earnings turnaround to RM26m profit from RM3m loss last quarter. Why? Because revenue increased while cost decline. Revenue up due to water tariff increase for certain users in Penang. Cost down due to the waiver of ICPT charges by TNB for Water Operators for the second half of the 2023.
2. Turnaround story YoY, PBT almost TRIPLED. Last year 3Q PBT was RM10m, this year RM29m. Why up? Revenue up due to water tariff increase for certain users in Penang. 3Q 2022 should look at PBT not net profit due to tax reversal distorting comparison.
3. So, exclude tax effect one year after the new tariff PBA should make RM104m or 32 sen. I use 8x PE to get RM2.56 round down RM2.50
(Part 2 continue later.,..)
Stock: [YTLPOWR]: YTL POWER INTERNATIONAL BHD
2024-01-16 10:17 | Report Abuse
@dragon, can check out:
1. SHANG (I expect strong Q4 result due to strong hotel occupancy rate + higher price, balance sheet super strong net cash)
2. APM (Again, strong Q4 result, balance sheet super strong net cash)