PBA HOLDINGS BHD

KLSE (MYR): PBA (5041)

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Last Price

2.39

Today's Change

+0.15 (6.70%)

Day's Change

2.25 - 2.49

Trading Volume

4,016,600


6 people like this.

1,340 comment(s). Last comment by paktua73 7 hours ago

Posted by StartOfTheBull > 3 weeks ago | Report Abuse

Burst pipes and possible El Nino dry season coming. How would Penang solve the problem of water supply in the near future?

Posted by Justaboylearning > 3 weeks ago | Report Abuse

Cut loss . I was late

MrFox

655 posts

Posted by MrFox > 3 weeks ago | Report Abuse

buy @ ard2.25 n keep in the freezer!!!
it will expand when frozen!!!
you dun believe words of wisdon!!!????
haha

Posted by aceofbursa > 3 weeks ago | Report Abuse

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.

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.

dragon328

1,781 posts

Posted by dragon328 > 3 weeks ago | Report Abuse

@AceofBursa, can you pls share the article or research report on PBA from Tradeview Capital CEO?

Posted by aceofbursa > 3 weeks ago | Report Abuse

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

Posted by Justaboylearning > 3 weeks ago | Report Abuse

@aceofbursa, capital ceo said that when the price was only RM 1.50

dragon328

1,781 posts

Posted by dragon328 > 3 weeks ago | Report Abuse

@aceofbursa, no I am not a paid subscriber to The Star premium online. Is it possible for you to copy and paste the content somewhere and share with us?

Posted by aceofbursa > 3 weeks ago | Report Abuse

@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

Posted by niktraderinvestor > 3 weeks ago | Report Abuse

Still can hold? Or no momentum already?

MrFox

655 posts

Posted by MrFox > 3 weeks ago | Report Abuse

Still can hold?
Still can buy le!!!
you dun believe words of wisdom???!!!
haha

dragon328

1,781 posts

Posted by dragon328 > 3 weeks ago | Report Abuse

@aceofbursa, thanks for the link. Anyway you have already posted 99% of the content. I got the idea already. I do concur with his view that PBA is grossly undervalued, easily worth RM3.50-4.00 per share.

Posted by Justaboylearning > 2 weeks ago | Report Abuse

PBA kept on going downtrend, if it reaches RM 2.00 it will be scary

Posted by Bullstocks888 > 2 weeks ago | Report Abuse

@dragon328, I agreed with you that PBA is grossly undervalued! Fundamentals are getting stronger because they can raise tariff every 3 years and pass on ICPT surcharge to consumers. Still no analyst coverage? It seems that all the analysts are sleeping. I have been averaging up. Topped up at RM2.18.

Posted by dragon328 > 1 week ago | Report Abuse

Correct @Bullstocks888.

PBA is still grossly undervalued at current prices. Though no analyst covers this stock now, the only entity that gives a fair value to PBA currently is SimmmplyWallSt that gives a fair value of RM4.17.

It used a DCF valuation method and actual data of company free cashflows extrapolated forward. It assumed FCF of RM69.53 million for FY2024, obviously it has not taken into account the recent water tariff hike from 1st Feb 2024.

Nonetheless, the valuation of RM4.17 already gives a good upside of over 80% from current share price of RM2.28, even after it used a relatively high discount rate of 9.01%.

By early next year, once this institution has the more updated financial data of PBA post water tariff hike, the fair value will get a further boost from RM4.17.

KingKKK

270 posts

Posted by KingKKK > 2 weeks ago | Report Abuse

The stock market is designed to transfer money from the active to the patient. - Warren Buffett

teknikal

171 posts

Posted by teknikal > 2 weeks ago | Report Abuse

BREAKOUT Analysis:
Next BREAKOUT estimate date = 2-February to 16-February.

The previous three consolidation before the next surge took 8, 9 and 19 trading days.

The current consolidation has taken 11 days, so the next move up is this week or next week

3-Jan to 15-Jan: 9 trading days followed by BREAKOUT above RM1.75 to RM2.25 level
12-Dec to 28-Dec: 12 trading days followed by BREAKOUT above RM1.30 to RM1.75 level
15-Nov to 8-Dec: 19 trading days followed by BREAKOUT above RM1.10 to RM1.30 level

Posted by Bullstocks888 > 2 weeks ago | Report Abuse

@KingKKK, well said! HODL for the big money! Ignore the short term noise.

Posted by KingKKK > 1 week ago | Report Abuse

The big money is not in the buying and the selling, but in the waiting. - Charlie Munger

paperplane

21,530 posts

Posted by paperplane > 2 weeks ago | Report Abuse

all cash out for cny angpow ah

MrFox

655 posts

Posted by MrFox > 2 weeks ago | Report Abuse

New domestic water rates for Penang from Feb 1, says PBAPP

Posted by dollardollarbill > 2 weeks ago | Report Abuse

https://pba.com.my/pdf/news/2024/07022024_PBAPP_DOM-Tariffs-2024_Apendix.pdf

"The PBA Group of Companies projects to generate an additional RM86 million in
revenue in 2024 from the implementation of the new rates."

MrFox

655 posts

Posted by MrFox > 2 weeks ago | Report Abuse


paperplane

all cash out for cny angpow ah

1 day ago

regret?

MrFox

655 posts

Posted by MrFox > 2 weeks ago | Report Abuse

Patience is the key!!!!1

dragon328

1,781 posts

Posted by dragon328 > 2 weeks ago | Report Abuse

@dollardollarbill, thanks for the news link. This is a timely announcement from PBA.

Despite the recent tariff hike, the water tariff of Penang remains as one of the lowest in Malaysia. This paves the way for more hikes 3 years later.

Posted by niktraderinvestor > 2 weeks ago | Report Abuse

This week qr release? Or when?

MrFox

655 posts

Posted by MrFox > 2 weeks ago | Report Abuse

price increase 2day provides an inkling of good QR?

Posted by dollardollarbill > 2 weeks ago | Report Abuse

Indeed @dragon328, with Penang having the second lowest domestic tariff, it paves way for another round of decent tariff hikes in 3yrs time.

There will also be another earnings boost coming sooner in Jan 2026 from non-domestic tariff hikes (last adjustment on 1 Jan 2023).

Although PBA expects RM86m in additional income for 2024, my estimates indicate it's closer to RM100m. PBA is probably being conservative in their estimation.

Bulk domestic water tariff is also now at a flat rate RM1.73 per cubic metre vs. 35sen for >90 cu m usage previously. And there's the additional 7sen per cubic m for non-domestics with the ICPT.

The stock may have jumped but it hasn't priced in many positive factors yet. I still see strong upside.

Posted by dollardollarbill > 2 weeks ago | Report Abuse

If the market values PBA at a reasonable 10x PE on RM150 million earnings, we're looking at a share price of RM4.50.

Warren Buffett and Charlie Munger have always sought to invest in companies with monopoly-like status, ideally akin to an unregulated toll bridge.

PBA's long-standing issue of low water tariffs has now been resolved, allowing for potential tariff increases every three years.

Three decades of pent-up earnings are now being unleashed, paving the way for superior earnings growth going forward.

troy88

2,483 posts

Posted by troy88 > 1 week ago | Report Abuse

this one rested enough. Time for the next surge..

ocbc

861 posts

Posted by ocbc > 1 week ago | Report Abuse

Move some of your PBA to Ranhill, Engtex ,YLi

Posted by Justaboylearning > 1 week ago | Report Abuse

cut loss cut loss. It's over....

KingKKK

270 posts

Posted by KingKKK > 1 week ago | Report Abuse

UTILITIES Sector (KingKKK): Fueling the Nation: Identifying the Top Performers in the Malaysian

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-02-16-story-h-188417037-UTILITIES_Sector_KingKKK_Fueling_the_Nation_Identifying_the_Top_Perform

MrFox

655 posts

Posted by MrFox > 1 week ago | Report Abuse

......I still see strong upside.........

sabar! certainly we will wait!!!
haha

KingKKK

270 posts

Posted by KingKKK > 5 days ago | Report Abuse

Air Itam Dam effective capacity successfully upheld over CNY peak use period, says PBAPP

https://www.thestar.com.my/news/nation/2024/02/17/air-itam-dam-effective-capacity-successfully-upheld-over-peak-use-period-says-pbapp

Posted by Bullstocks888 > 4 days ago | Report Abuse

@dollardollarbill, good insights! PBA could be a multi-bagger in the making like YTL Power! A major re-rating is coming soon!

Posted by dollardollarbill > 1 week ago | Report Abuse

Indeed @dragon328, with Penang having the second lowest domestic tariff, it paves way for another round of decent tariff hikes in 3yrs time.

There will also be another earnings boost coming sooner in Jan 2026 from non-domestic tariff hikes (last adjustment on 1 Jan 2023).

Although PBA expects RM86m in additional income for 2024, my estimates indicate it's closer to RM100m. PBA is probably being conservative in their estimation.

Bulk domestic water tariff is also now at a flat rate RM1.73 per cubic metre vs. 35sen for >90 cu m usage previously. And there's the additional 7sen per cubic m for non-domestics with the ICPT.

The stock may have jumped but it hasn't priced in many positive factors yet. I still see strong upside.

MrFox

655 posts

Posted by MrFox > 1 day ago | Report Abuse

itu dia!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

MrFox

655 posts

Posted by MrFox > 1 day ago | Report Abuse

never mind the weather
as long as we are together!!!!!!!!!!!!!!!!
haha

MrFox

655 posts

Posted by MrFox > 1 day ago | Report Abuse

what a feeling !!!!!!!!!!!!!!!!!!!!

dragon328

1,781 posts

Posted by dragon328 > 1 day ago | Report Abuse

WOW PBA powerful rally.

Finally consolidation is over and the market has realised how undervalued this counter is

MrFox

655 posts

Posted by MrFox > 1 day ago | Report Abuse

yes! PBA is REAL!!!!!!!!!!!!!!!!

goldenhope

235 posts

Posted by goldenhope > 1 day ago | Report Abuse

RM3 not a dream

MrFox

655 posts

Posted by MrFox > 1 day ago | Report Abuse

certainly lah!!! for PBA is REAL!!!!
haha

Posted by niktraderinvestor > 1 day ago | Report Abuse

Let's go rm5 end of this year

mizieXX

27 posts

Posted by mizieXX > 1 day ago | Report Abuse

late ticket

MrFox

655 posts

Posted by MrFox > 1 day ago | Report Abuse

am praying hard that you are a good fortune teller!!!!!!
haha

paktua73

17,873 posts

Posted by paktua73 > 1 day ago | Report Abuse

paktua glaad was play here since price only rm1.18..
near to reach Paktua destination rm2.50..


tut tut
hold since rm1.18

Posted by Justaboylearning > 21 hours ago | Report Abuse

Pak tua it reached 2.50 few weeks ago. How come didn’t sell

paktua73

17,873 posts

Posted by paktua73 > 7 hours ago | Report Abuse

yes true justaboy..
paktua missed to sell that time



tut tut
hope this time can..

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