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Perak Transit Berhad (KLSE: PTRANS)

A brief introduction to PTRANS business:

1. Public Bus Services
2. Integrated Public Transportation Terminal (IPTT)
3. Petrol Stations


1QFY2021 Quarterly Performance:
Revenue - RM35.45M, 19.25% YoY
Net Profit - RM13.40M, 55.64% YoY
Interim Dividend - 0.8 Sen per share


Key Investment Highlights:

1. Mild MCO Effect:
Locked-in incomes from IPTT segment (advertising and promotional income & project facilitation fees)

2. Potential New Contracts:
Continues to talk to third-party bus terminals for new terminal management contracts

3. Transformation of Idle Spaces to Logistics Hub
Exploring to utilise the idle spaces at its existing terminals

4. Growth Drivers:
Higher Kampar Putra Sentral utilisation & development of Terminal Bidor

5. New Revenue Stream:
Kampar Putra Sentral (Commenced in September 2020)


Analysts' target price on Perak Transit Berhad:
AmInvestment Bank - RM1.21
Public Investment Bank - RM 1.16
Kenanga - RM1.15
TA Securities - RM1.04
Affin Hwang Capital - RM0.93


Source: The Edge