It looks like the formation of first monthly w-shaped for PBA is still defensively intact and may be PBA is waiting for the right time to perform the last 2 uptrend waves together with good QRs in 2016 ???
There is a "origination and reversal of temporary differences" that we need to take a look It consumed up to an amount of extra tax of 5.4million tax since Q3
As for 23.2.2016 (i) PBA has just touched IPO RM 1.30 ( may be = Offside ball standard )
(ii) Yet to break 52 weeks high of RM 1.47 ( @ normal ball standard )
(iii) Yet to reach 5 years high of RM 1.67 ( high standard ball )
(iv) Hardly challenge the historical high of RM 2.09 ( @ bananas kick standard )
Hopefully PBA will form quite a real, impressive and defensive 1st monthly w-shaped chart ( @ bananas kick standard ) after listed for more than 13 years in KLSE together with good QRs and last two strong uptrend waves in 2016.
c) Impairment During the year ended 31 December 2015, a subsidiary company has impaired its assets amounting to RM6.28 million for Sungai Prai pumping station and Sungai Prai Raw Pumping Mains - not in use and there is no plan to revive the asset. (31 December 2014 : a subsidiary company has written back the impairment of its assets amounting to RM140,000)
This counter ok ok only. Due to own by Pg government mostly so it will not actively traded. Therefore, for the price to fly it really need a huge improvement on net profit.
It's been mentioned that the impairment is a one time deal kinda thing.. Without that, can we assume the profits to be much higher next year? Unless everyone stops using water
Can assume so. Unless every quarter got impairment. Furthermore, 1 of the possible positive news is that the expansion dam project that started since few years ago suppose to be finish around mid 2016. So hopefully that capital expenditure can slow down a bit
zefftan is right on the "origination and reversal of temporary differences" is contributing part of the reduced earnings by 2.83 million during latest quarter. I have not much idea on what is the tax about but the impairment is clearly one-off charges that cost 6.28 million. I do not understand if 6.28 million is smaller than 2.83 million.
ok. I just realised that the impairment 6.28 million is total amount from Jun to Dec 2015 but i have never seen other impairment during year 2014. why do you say it is every quarter?
I believe some investors was dissappointed that PBA does not announce a bigger dividen. The cash flow of PBA is still poor with RM109 millions new purchase of plant and equipment for financial year ending Dec2015. However the cash flow of PBA will improve significantly in year 2016 because the contracted capital expenditure has drop from RM 81 millions (year 2015) to RM 57 millions for year 2016. Hopefully this will translate into better dividen for finance year 2016 from the dividen rate of 3.75% per share for financial year 2015.
zefftan misunderstood my meaning. depreciation and impairment are different items. Depreciation is normal to appear every quarter/year while impairment just one-off unless there are more to come.
The capital expenditure of PBA will drop very significant this year specially with the delay in Mengkuang Dam. The capital expenditure of more averagely more than RM 80 millions yearly for the last 5 years has given PBA the highest treated water reserve margins in the country. There is just no reason why capital expenditure will be high in the next few years. PBA at yesterday last traded value of RM1.22 is definately a excellent buy. With lower capital expenditure, the dividen increase of PBA will surely lift the share price up. However will have to wait patiently for the next 3 months to see the 1st fruit.
PBA run like a charity, the give 10,000 ringgit to one footballer this month for good show. On the other hand they pay 3% yield and keep the rest as reserve. Better put money in FD.
Does anyone know how to contact PBA investor relations ? Their website does not seem user friendly or transparent . Most KLSE companies are transparent and easy to access but not PBA.
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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....
tinyinvestor
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Posted by tinyinvestor > 2016-01-19 21:03 | Report Abuse
up up ...pls giveme ang paw!...