Tradeview Capital’s chief investment officer Nixon Wong believes the current share prices of certain counters are mirroring uncertainties regarding the actual magnitude of the tariff hike, which suggests potential upside once these details are clarified.

Nevertheless, he added: “The sector might experience a re-rating with more information on the implementation of regular tariff revision and Imbalance Cost Pass Through mechanism."

A major re-rating for PBA?

@boy, you are right. They believe PBA is worth at least RM3 before the tariff hike announcement. They may have revised up their TP after the announcement as there are further details which warrant a re-rating.

@dragon328, the content above is 99% of his comments on PBA. The link to the article https://www.thestar.com.my/business/business-news/2023/12/30/top-stock-picks-for-2024

@dragon328, are you a subscriber of The Star? You have to be a paid subscriber to view the article.

Tradeview Capital CEO Ng Zhu Hann recommends PBA Holdings as his top pick for 2024. His comments:

We have had this stock in our portfolio for the longest time and it started to move probably about one or two months ago. We believe the company is SEVERELY UNDERVALUED.

PBA is a very well-run company and as the licensed water-supply operator that serves Penang, it manages the water resources very well.
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It is a dividend yielding stock with a consistent dividend yield of 3% to 4% per year.

PBA's earnings are EXPECTED TO COME IN STRONG once the water tariffs are revised. When the company's earnings are strong, it will have the ability to pay out HIGHER DIVIDENDS.

Additionally, PBA is an ESG stock. As such, PBA will likely attract a lot more fund flows from investors who are interested in putting their money into ESG stocks.

With regard to target price, while it is hard to say at this juncture, we believe it should be worth AT LEAST DOUBLE its current share price.

Ranhill and PBA to gain from improved ROI and sector re-rating!

https://klse.i3investor.com/web/blog/detail/aceofbursa/2024-01-22-story-h-190299727-Water_related_stocks_Ranhill_and_PBA_set_to_gain_from_improved_ROI_and_

well said, dragon328

A massive re-rating is on the way for PBA

https://klse.i3investor.com/web/blog/detail/aceofbursa/2024-01-18-story-h-210407537-PBA_Holdings_Bhd_5041_A_Beneficiary_of_Water_Tariffs_Hike