accounting treatment really messed up the number. cash flow from operation is still strong though

-vested-

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-

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-

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-

https://www.malaymail.com/news/malaysia/2019/09/08/new-water-tariffs-for-all-states-in-the-offing-says-minister/1788471

http://www.pba.com.my/pdf/news/2019/20190115_PBAPP_Tariffs_116_Below_National_Average_v2.pdf

finally!

-vested-

still dont get it why people still holding the stock while block shareholder is selling.. still have the same call, there are other better utility assets out there (PBA), lower P/B multiple better performance..

-vested into PBA-

good result also price does not move..

-vested-

Ranhill: P/B 2.2x
PBA : P/B 0.6x

both water asset. Penang has lowest water rate in MY (can do your own research). just don't get it why this counter goes up so much while there is better assets out there.

-vested into PBA

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 -.-

this counter dead already?

@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..

Is this unabsorbed reinvestment allowance thing going to be payable by the company?

any idea why stock price dropping? Ranhill keeps going up on the other hand..

some people think they know better than the management (one of them has sold some stake in the company when it was 0.75) - see below on the discussion

http://marketbuzzasia.com/showthread.php?tid=6

other forum also say this stock is difficult one.. Malaysia timber export is strong 2017 driven by furniture (WTK is more raw material)..

calamity starts when management who is in charge of O&G start selling his stake

http://marketbuzzasia.com/showthread.php?tid=6

water intake fee would be lower. Discount impact from flood will be netted-off..

see discussion here:

http://marketbuzzasia.com/showthread.php?tid=14&pid=424#pid424