Slow and steady la..Vol slowly pickup , let's see the upcoming result..Hopefully another surprise like last quarter result..If like that, we will see a big gap up!!
red_85 , u got the word " steady " right to describe PBA. Coming result will be at least equally good or better cos water is a necessity. The increase in profit for the past 2 quarters result is due to tariff hike. PBA need to stick to supply quality water and maintain overhead to its min for better future earning. Remember population will only go up in this northern state.
This defensive utility stock has a forward P/E of of only 6. Pays a dividend. Population of Penang expected to increase. So water usage will go up in volume and price.
A monopoly with pricing power.
So if market does not recognize value just buy more while still cheap!
GEORGE TOWN: Some 126,000 households in Penang, especially large families, may have to pay a lot more for their water as the state will be increasing the water conservation surcharge.
This will be the fourth time that the state is raising the price of water, with the conservation surcharge possibly going up from 48 sen to RM1 per thousand litres should the National Water Services Commission (SPAN) allow it.
Chief Minister Lim Guan Eng said the state government planned to increase this to reduce domestic water usage. This surcharge affects home users using more than 35,000 litres per month.
“We will apply to the National Water Services Commission to allow us to increase the surcharge,” he told reporters after launching World Water Day 2017 at the Quarry Park in Penang Botanic Gardens here yesterday.
Lim, who is Penang Water Supply Corporation (PBAPP) chairman, said he had received criticisms from non-governmental groups which wanted the state to increase water tariffs as a water conservation strategy.
“We accept their criticisms but we suggest a middle ground and that is to increase the water conservation surcharge instead,” said Lim yesterday.
PBAPP chief executive officer Datuk Jaseni Maidinsa said the surcharge would affect about 126,000 households out of a total of 504,400 because they used over 35,000 litres a month each.
It's about time Penang raise water tariff to prevent careless wastage. Water tariff is the cheaper in Penang compared to other states of Malaysia
PBA Holdings Bhd expects to reduce its RM91.0 mln domestic water subsidy in Penang, following the impending implementation of the water consumption surcharge (WCS) next year.
PBA said the subsidy has increased from about RM50.0 mln in 2008 and that the yearly sum is not sustainable or sensible, as the money should be used for important water infrastructure projects to avoid water rationing. (The Edge Daily)
A final single tier dividend of 2.25 sen per share.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 4 Jul 2017 2) The last date of lodgment : 6 Jul 2017 3) Date Payable : 21 Jul 2017
Apollo Ang PBA sure 101% no privatize, LGE kiasu one
Haha!
Last time I bought Rubhd at rm1.20 after Dr. Neoh Soon Kean recommended it in his monthly digest.
I bought 20,000 shares of Rubhd at Rm1.20
In Johor Rubhd will not reconnect water for auctioned houses unless all past bills owed by previous owners are fully paid. So I know with Johor High Court with fierce bidding for auction houses Rubhd will be doing very well.
Rubhd has a P/E of only 3. Amazing.
And when Rubhd share price surged to Rm2.20 I asked Mr. Khoo of OSK JOHOR TO SELL.
HE STOPPED ME! HE SAID I CANNOT SELL RUBHD BECAUSE OSK BOSS SAID RUBHD WILL GO TO RM3.00
HA! THIS IS THE FIRST TIME A REMISIER FORBADE ME TO SELL SHARES.
BUT TO MY SURPRISE RUBHD WAS TAKEN PRIVATE AT RM3.00
I hv 20% by weight if my initial competition porfolio, at keast stable than gold lar . I don't need it to fly... by beating Fd rate and Inflation will do :)
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....
wisdomtot
645 posts
Posted by wisdomtot > 2017-02-06 16:18 | Report Abuse
syiok sendiri.... sien..