Posted by k3nthiew > 2018-09-06 14:21 | Report Abuse

very unusual... privatized? water tariff increase? dividend policy? or houses start to notice this counter finally?

Posted by k3nthiew > 2018-09-06 14:23 | Report Abuse

i hope is privatization...

Posted by Cockroach Paul Lee > 2018-09-06 17:18 | Report Abuse

kanasai sold 1.20 5sept .........6sept 1.28 ?
OMG .....................

Posted by calvintaneng > 2018-09-07 02:36 | Report Abuse

VERY GOOD

AT LONG LAST PEOPLE NOW FLY TO THE SAFETY OF PBA

THIS IS A TSUNAMI SHELTERED STOCK WITH THE STRONGEST FUNDAMENTAL

WATER IS A BASIC NECESSITY OF LIFE

A NEED AND A LUXURY.

Posted by sohaitrader > 2018-09-07 09:25 | Report Abuse

VERY GOOD

AT LONG LAST PEOPLE NOW FLY TO THE SAFETY OF PBA

THIS IS A TSUNAMI SHELTERED STOCK WITH THE STRONGEST FUNDAMENTAL

WATER IS A BASIC NECESSITY OF LIFE

A NEED AND A LUXURY.



well said sifu calvin

Posted by k3nthiew > 2018-09-07 12:10 | Report Abuse

Good news brewing?

Posted by RosAng > 2018-09-07 14:06 | Report Abuse

20sen capital repayment??

Posted by sohaitrader > 2018-09-12 10:37 | Report Abuse

market bad pba ... pls tank ..

Posted by sohaitrader > 2018-09-14 16:10 | Report Abuse

LOL PBA sleep jor

Posted by k3nthiew > 2018-09-19 09:10 | Report Abuse

http://www.theedgemarkets.com/article/vizione-bags-rm90m-job-build-submarine-pipelines-penang

Another 90mil gone... minority get squeezed again...

Posted by k3nthiew > 2018-09-19 09:12 | Report Abuse

Earnings and cash all go to CAPEX...

Posted by k3nthiew > 2018-09-19 09:13 | Report Abuse

Please privatized!!!

Posted by sohaitrader > 2018-09-20 14:32 | Report Abuse

yalo privatized better !!!

Posted by k3nthiew > 2018-09-21 15:29 | Report Abuse

Ranhill was given a TP of 1.15 by MIDF with 10 sen of 2019 estimated earning, saying 7.6 times PE is deeply undervalued, compare to PBA and utilities sector of average 11 times.

Posted by k3nthiew > 2018-09-21 15:40 | Report Abuse

If i use PBA's 2018 estimated earnings which should be around 50-55 mil p.a or 15-16.5 sen, PBA has also about the same PE as Ranhill at 7-8 times...which also be DEEPLY UNDERVALUED

Posted by k3nthiew > 2018-09-21 15:43 | Report Abuse

But no good yield =(

Posted by sohaitrader > 2018-09-24 10:04 | Report Abuse

no choice .. PBA operator no power ...

Posted by sohaitrader > 2018-09-27 09:46 | Report Abuse

hiong gan pba ... GG sleeping counter ..

Posted by sohaitrader > 2018-10-04 10:13 | Report Abuse

go in to break new high soon .. some one is incharge in pba ..

Posted by sohaitrader > 2018-10-08 16:14 | Report Abuse

PBA vol come liao lo .. dont missed it ! someone keep collecting !

Posted by sohaitrader > 2018-10-17 17:27 | Report Abuse

http://www.kwongwah.com.my/?p=587031

Posted by sohaitrader > 2018-10-17 17:27 | Report Abuse

吉隆坡17日讯）水源，土地及天然资源部长西维尔指出，政府将重新检讨和调涨水费，以便国人珍惜水源。

他说，目前，我国每人每日平均用水量为211公升，超出180公升平均量。他指出，槟城人每日平均用水量为276公升，是最高的州属，接着是霹雳（260公升）及雪兰莪（220公升）。

因此，他说，政府要把用水量下调至180公升或接近该数字，确保国人节约用水。他今日在国会问答环节，如是回答人民公正党士拉央区国会议员梁自坚的附加提问。


他说，会出现大量用水情况，是因为我国水费过低，相比其他国家，我国水费偏低，况且政府已20年没有检讨水费。“因此，不久的未来，我们将检讨和调高水费，以及减少用水。”

对于巫统瓜拉吉挠国会议员拿督斯里依斯迈询问政府在直接饮用自来水的进展和措施，西维尔说，我国水管里的自来水是可直接饮用，不会有问题。

“假设有（问题），是因为地方问题，与滤水站无关。全马滤水站输出的水都可以饮用。”
此时，依斯迈询问是否也直接饮用自来水，西维尔立即回答，确实直接饮用水管自来水。

他也说，目前，该部草拟国家水源政策，以便可以有更全面的国家水源计划框架，解决现有的机制缺点，确保保各州内水源的安全和可持续性。“该政策也会涉及森林保护、生物多样性、保护集水区和土地等。”

Posted by Valuedude > 2018-10-29 15:41 | Report Abuse

any idea why stock price dropping? Ranhill keeps going up on the other hand..

Posted by BN_better > 2018-11-01 10:21 | Report Abuse

LGE as Penang CM is most suitable post not Finance Minister haha.

Posted by k3nthiew > 2018-11-19 15:25 | Report Abuse

https://themalaysianreserve.com/2018/11/02/post-selangor-nationwide-water-sector-shake-up-next/

Is this means Federal Government want to take over all the water assets in Malaysia??

Posted by k3nthiew > 2018-11-19 15:35 | Report Abuse

THE federal government is in full gear to revive the proposed water industry restructuring in all states nationwide, which has been in a stalemate for nearly two decades.

Water, Land and Natural Resources Minister Dr Xavier Jayakumar said efforts are underway to proceed with the multi-layered plan to consolidate state water assets under one roof.

“The water industry restructuring is done for a better control of the water industry and tariffs in the country.

“Basically, it (industry restructuring) is happening. Some states are a bit delayed in terms of going ahead with the water transfer, but I think we will achieve it in the end,” he told the media in Parliament yesterday.

Xavier said he has been leading meetings with several states to discuss the water industry’s restructuring and explain the benefits for the state governments to take up the offers dished out by Pengurusan Aset Air Bhd (PAAB).

“It is better for the states to take the offer because PAAB gives a very good rate, so it doesn’t really bite into the financial movement in the state. The payback period is long and it is within the margin,” he added.

Posted by sohaitrader > 2018-11-22 11:07 | Report Abuse

PBA queue so many seller to block ppl on buying it .. just wait d operator push up d share price ..

Posted by sohaitrader > 2018-11-28 18:00 | Report Abuse

result out liao .. no surprise .. sad

Posted by k3nthiew > 2018-11-29 10:29 | Report Abuse

Why the maintenance cost on Nov 2017 due to the flood was charge this Q??

Posted by sohaitrader > 2018-11-29 10:45 | Report Abuse

Why the maintenance cost on Nov 2017 due to the flood was charge this Q??

purposely want to ask ppl throw at CHEAP .. CB lang PBA CEO

Posted by k3nthiew > 2019-01-09 16:09 | Report Abuse

https://www.malaymail.com/s/1710662/cm-says-penang-water-rates-may-rise-following-national-review

Profit will up again with this.... likely to be double digit increase for Penang...
Penang 0.32/1,000 liters VS 0.69/1,000 liters national average...

Posted by sohaitrader > 2019-01-09 21:49 | Report Abuse

HURRAY huat ah !

Posted by xiaoji > 2019-01-10 01:09 | Report Abuse

look at their net cash in the past few years, increase to more than 30 cents now.

Posted by xiaoji > 2019-01-10 01:09 | Report Abuse

yet their dividend payout remain low, slightly higher than FD.

Posted by tigerboy > 2019-01-10 19:19 | Report Abuse

Finally Penang Chief Minister Chow Kon Yeow is doing their right thing by allowing Penang water tariffs to increase significantly. Penang is having water tariff of RM0.32 per cu.m. now compared to RM0.67 for Kedah, RM0.73 for Perak, RM0.77 for Selangor and RM1.05 for Johore. (source: Perbadanan Bekalan Air Pulau Pinang Sdn Bhd-Water Tariff Project 2014). The extreme low Penang water is making it funny compared to other Pakatan Harapan controlled states as mentioned above. To close the tariff gap between states, the easiest is to raise the water tariff in Penang significantly. Penang people will have little to complaint about any water tariff increase when looking at water tariff in other states.

Posted by RainT > 2019-01-10 23:12 | Report Abuse

not much growth story on PBA

dividend yield also lower than others

invest on others companies better

Posted by xiaoji > 2019-01-11 04:49 | Report Abuse

RainT,
maybe thats the reason even it's to raise 20% tariff yet it's still unable to stimulate both the price and volume

Posted by tigerboy > 2019-01-11 09:37 | Report Abuse

Under Lim Guan Eng (LGE), Penang water tariff is purposely keep low to hit out on BN controlled states claiming how efficient is Pakatan Harapan states. Even the high water tariff in Selangor was blamed on former BN government. Now Pakatan is the government of the day. The reason to keep Penang water tariff very low is no longer there. Even if the water tariff is increased 25% (from RM0.32 to RM0.40), it is still much lower than the next lowest water tariff of RM0.52 of Terengganu. With the significant increase in Penang water tariff, the profit of PBA will soar and the dividen payout will increase significantly.For the long suffering PBA shareholder, this is the moment long waited for. Just have to wait a little longer (within 2 months ?).

Posted by sohaitrader > 2019-01-16 13:49 | Report Abuse

PBA Holdings Bhd’s is seeking a water tariff revision to raise RM501.0 mln to invest in five water supply projects in the State between 2019 and 2021. This takes into consideration that water demand in the State is projected to rise 128.0% to 1,884 mln litres per day from 826 MLD in 2017. (The Edge Daily)

Posted by sohaitrader > 2019-01-28 23:07 | Report Abuse

https://www.thestar.com.my/metro/metro-news/2019/01/25/protecting-penangs-future-pbapp-water-tariff-review-needed-to-realise-longterm-vision/

Posted by sohaitrader > 2019-01-28 23:08 | Report Abuse

THE proceeds from the proposed Penang water tariff review will be used solely to fund important water projects for the future, said Penang Water Supply Corporation (PBAPP) chief executive officer Datuk Jaseni Maidinsa.

He said the state government was implementing various socio-economic projects now to achieve the Penang 2030 vision of becoming a family-focused, green and smart state that inspires the nation.

“The aspirations of ‘Penang 2030’ cannot be achieved if Penang does not have enough water supply.

“Moreover, the people of Penang expect to enjoy continuous good water supply with no water rationing towards 2030 and beyond,” he said in a press statement.



“Penang’s average daily water demand has increased by 11%, from 744 million litres per day (MLD) in 2008 to 826 MLD in 2017.”

He also said Penang’s water demand was projected to reach 1,884 MLD by 2050, according to the independent ‘Masterplan Study for Potable Water in Penang towards 2050’.

Jaseni also noted that Penang’s population had increased from 1.55 million people in 2008 to 1.76 million people in 2017, adding that PBAPP’s customer base has increased from 476,179 consumers in 2008 to 604,547 consumers in 2017.

Another reason, he said, was that the number of trade water consumers (including multinational manufacturing companies, hotels and all kinds of businesses) in Penang has amost doubled, from 58,707 trade consumers in 2008 to 86,546 consumers in 2017.

“Penang needs sufficient water to support projects for the future, such as the Gurney Wharf, Batu Kawan Masterplan and Penang South Reclamation — Three Islands Project.

“According to an online portal , Penang’s per capita GDP in 2016 was RM47,332, the second highest in Malaysia after Kuala Lumpur.

“PBAPP must consistently stay ahead of Penang’s water demand to ensure that the people continue to benefit from progress.”

Jaseni also said that due to planning, development and funding considerations, major water supply projects could not be realised in a year or two.

“For example, the projected development period for the Sungai Perak Raw Water Transfer Scheme (SPRWTS) is seven years.

“The state government has implemented a ‘No Water Rationing’ policy in Penang for the benefit of the people.

“We must remember that Penang is a water-stressed state. PBAPP’s primary objective is to avoid water rationing in Penang at all costs,” he said.

On Penang MCA handing Chief Minister Chow Kon Yeow a letter objecting to the likely increase in water tariff rates, Jaseni urged MCA to “think about the good of Penang”.

Jaseni said things have changed significantly in Penang since 2008.

“Due primarily to increased domestic water consumption, PBAPP’s water subsidies for 2017 and 2018 amounted to RM163.2mil. In 2017, PBA Holdings Bhd reported operational profits after tax (PAT) of RM37.28mil.

“How may we continue to justify RM80mil a year subsidies when PBAPP needs to raise sufficient funds for projects to ensure water sustainability and security for Penang in the future?

“The proposed tariff review is not aimed at putting more money into PBAPP’s pockets. It is to protect the future of Penang and its people,” he said.


Read more at https://www.thestar.com.my/metro/metro-news/2019/01/25/protecting-penangs-future-pbapp-water-tariff-review-needed-to-realise-longterm-vision/#732eL5TGuLZWpPEt.99

Posted by sohaitrader > 2019-02-02 13:30 | Report Abuse

http://www.theedgemarkets.com/article/span-its-high-time-water-tariff-review

Posted by Valuedude > 2019-02-28 19:01 | Report Abuse

Is this unabsorbed reinvestment allowance thing going to be payable by the company?

Posted by RainT > 2019-03-01 12:15 | Report Abuse

@valuedude

unabsorbed reinvestment allowance is tax incentive

it cannot be payable to whoever party

this RA is keep for reduce tax payment only , keep carry forward until can use or expire already then cannot use ( see Income Tax Act)

it is not money that pay to who or receive from who ...lol

Posted by RainT > 2019-03-01 12:16 | Report Abuse

loss due to impairment loss on debtors

unless if future can receive back the payment then can recognize reversal of impairment loss

if not it will be permanent loss to the company

Posted by RainT > 2019-03-01 12:17 | Report Abuse

no much information disclose about who,which and nature of the impairment loss on debtors

Posted by Valuedude > 2019-03-01 13:11 | Report Abuse

@RainT:

if this is not payable, then I don't understand why the company record it as part of tax expense.. maybe for whatever reason they try to bring the share price down

obviously disclosure is very minimum. only retail shareholder is the one suffering..

Posted by dericktan > 2019-03-01 17:26 | Report Abuse

but they deducted RM103,430,000 from the retained earnings! (As at 1 January 2019, got RM496,702,000.)

making it RM368,313,000 as at 31 December 2018, even lower than the retained earnings as at 1 January 2013, RM369,861,000.

they just moved 6-7 years backward, although today their business is more profitable than before, but their management seriously ...

keep so much retained earnings also reluctant to distribute special dividend, satu kali give IRB took RM0.1x billion.

Posted by k3nthiew > 2019-04-10 12:30 | Report Abuse

https://www.malaymail.com/news/malaysia/2019/04/10/minister-six-states-approved-water-rate-hikes-two-more-soon/1741673

Should announce tariff hike very soon...

Posted by sohaitrader > 2019-04-11 15:29 | Report Abuse

sleeping Beauty PBA ...