From the chart, PBA has moved above 200 SMA but not so convincingly in term of volume. The weekly RSI, Aroon Oscillator and CCI has moved further upward indicating most likely it has gained sufficient energy and momentum to move further at much higher and higher price levels.
May be this Penang's horse is trained by local trainer and it needs more time to gain enough skill, tactic, energy and momentum to race. Surely the entire game will be different if the horse is trained by famous foreign trainers ???
I think this is one the fine breed horses from Penang which is reliable to race graciously now ???
PBA should the safest bet after PUNCAK NIAGA. PBA is the only water and the best managed water stock listed in BURSA. RM1.80 should be a problem. Conservative bet.
The drop in PBT for 4th Qtr 14 was mainly due to one off adjustment of depreciation RM 5.3 million. As for the 1st Qtr 15, the company suffered from higher depreciation RM 2.4 million and inventory written off RM 2.3 million. PBA's PBT returned to normal for the 2nd Qtr 15. Therefore, i believe that PBT will increase according with the new tariffs for the coming quarter results.
There is a strong inverse correlation between PBT and Depreciation. It's highly likely coming QTR results going to be great.
Put it simple:
QTR PBT - 30 Sep 14 - RM 8.8 million - 31 Dec 14 - RM 0.1 million - 31 Mar 15 - RM 1.5 million - 30 Jun 15 - RM 14.8 million - 30 Sep 15 - ????
QTR depreciation increased by comparing with last year - 30 Sep 14 - RM 0.4 million - 31 Dec 14 - RM 5.3 million - 31 Mar 15 - RM 2.4 million - 30 Jun 15 - RM 1.2 million
Revenue from sales of water is expected to further increase in line with the increase in tariff, population and business levels. Nevertheless the Board continues to adopt measures to contain costs.
Forwarded PE of 6, if u look at top 10 shareholders, apart from Penang statement government and Penang Development Corporation, mostly are fund include CIMB, Manulife, DBS, AIA and some US fund, if they buying into it, I can't imagine
To my knowledge, Sifu and his members have been there since n years ago. Last year high 1.6+ also didn't sell. I believe they might have bought more before and/or after the release of last quarter financial results. You and me know this is a solid counter, they know even better than us. What say you? What next?
From the chart, PBA has moved above 200 SMA quite convincingly in term of price and volume, signaling it has gain enough momentum to move further upward. It looks like Santa Claus and Uncle Prosperity will give early big ang pow for Christmas or CNY.
PBA won't be traded at this level of price once announcing good QR results end of the month. The share price has been trending upward with strong support.
imagine~ if company earn more, dividend will pay more~ because big owner is penang ministry, where the government can get money? dividend lo, dividend paid out will remain high. earn more pay more, share price up up up.
Penang received 0 budget allocation from Putrajaya. Penang government could ask its state link companies to declare more dividend to support. PBA go go go!
me too , tp abit park to other big momentum stock first. this stock wont run so fast gua. always stay at 1.0x quite some time, 1.1x sometime, i believe this round reach 1.2x, will also sideway sometime. banker mau collect more tickets@@. come back to this counter 2weeks later ^^.
Do not buy if you are not sure it can make more profit this year than last year because when the annual result shows reduced profit, the price will not go up.
Increase buying when you see the profit is improving from quarter to quarter.
Cindy gal. You're so confident in PBA. Be prepared to enjoy profit from the price increase after announcing higher PBT. Some more, Dividend is expected to announce soon.
undervalue company. just tat they pay too little dividen. Main holding now is GUH and Apollo and a few others small holding includes bkawan, amfirst, atrium, affin, magnum and now a little of PBA. so fingers cross la haha =)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
speakup
27,180 posts
Posted by speakup > 2015-10-22 10:50 | Report Abuse
PBA is definitely better than Puncak & KPS. Now up 27% from it's recent lows.