Posted by bfmklm > 2023-01-31 00:29 | Report Abuse

@tigerboy - thanks for your kind sharing :)

Posted by k3nthiew > 2023-01-31 12:36 | Report Abuse

@bfmklm Based on PBA average rev/a about 335m and commercial contribution about 36% of total rev, u can do some simple calculations comparing both old rate and new rate. My calculations in fact shown commercial users from 60-200m3 will get 63% bill increase. Rough calculation, (120m pa x 63% = 75.6m p.a), for not being too optimistic, therefore I only put 40-60m

Posted by k3nthiew > 2023-01-31 12:43 | Report Abuse

My rough estimate on PBA 2023 earnings will be 20-25c eps.

Posted by tigerboy > 2023-02-01 09:30 | Report Abuse

@k3nthiew Per PBA-AR2021 page 101 of 256, trade consumption account for 36% in term of total water volume (not revenue). Your rough calculation, (RM120m pa x 63% = RM75.6m p.a) which is based on revenue is therefore incorrect.

Posted by tigerboy > 2023-02-01 09:39 | Report Abuse

Actually I am quite surprised that PBA trade volume increased to 293.9k units yesterday 31-1-2023 with gain of 2.5 cents. Some readers must be impressed by your rough estimate on PBA 2023 earning of 20-25c eps. :)

Posted by k3nthiew > 2023-02-02 09:20 | Report Abuse

Thanks for your correction @ tigerboy. I did another calculation based on 2021 data which shown the total 87,691 trade consumers consumed total of 3,530 liters/day, which is 105.9m3 monthly. Based on this assumptions, trade consumers contributed 130m in revenue yearly to PBA which is slightly higher than earlier extimation

Posted by k3nthiew > 2023-02-02 09:23 | Report Abuse

@tigerboy correct me if I'm wrong. Thanks

Posted by k3nthiew > 2023-02-02 09:27 | Report Abuse

If assumptions on trade consumers above are right, than the new rate will boost PBA rev by about Rm82m p.a, which is higher than my earlier calculation.

Posted by k3nthiew > 2023-02-02 09:29 | Report Abuse

For some buffer, I think Rm40-60m will be a safe extimation

Posted by tigerboy > 2023-02-03 18:17 | Report Abuse

@k3nthiew Your estimated increase in revenue of RM40M to RM60M yearly is correct on the safe side. :)

Posted by LadyRepins > 2023-02-13 14:07 | Report Abuse

PBA is semi social in nature since the government is at peoples mercy. Raise rates and election time payback and opposition ready to pounce. Explains why Penang has lowest rates.

I think they have made mistake, should raise rates slowly bit-by-bit over few years. IMO people there simply waste a lot of water since it is so cheap.. witnessed many places especially passion to wash car at home and at hawker centers.

One way is to raise the rates but state government can provide some form of subsidy to slowly reduce over time. At least the disparity will not be so great.

Posted by tigerboy > 2023-11-02 11:58 | Report Abuse

https://www.klsescreener.com/v2/news/view/1226559 Finally unanimous consensus among all state govts to increase water tariffs for domestic users — Natural Resources, Environment, and Climate Change Minister Nik Nazmi said on Wednesday 1st November 2023.

Posted by UnicornP > 2023-11-08 10:34 | Report Abuse

Those hunting a Skbshut or Esceram style will definitely get lucky with this. You've got a real deal here.

Posted by speakup > 2023-11-08 11:30 | Report Abuse

Ytl takeover Pba?

Posted by paktua73 > 2023-11-08 11:58 |

Post removed.Why?

Posted by Snake > 2023-11-08 14:17 | Report Abuse

130-180

Posted by PepGuardiola > 2023-11-08 14:56 | Report Abuse

LU price

Posted by dompeilee > 2023-11-08 15:36 | Report Abuse

Though I didn't announce it here, this stock entered my portfolio way back in Aug 2020 just before the dividend @ 85.5c. I kinda forgot about it until the qtr result caught my eye yesterday BUT didn't expect it to be so GARANG, traditionally being an 'old man' stock that hardly moves but pays regular divvy.

Couldn't resist & SOLD some @ 99.5c & $1.10...BUT will keep the rest!

Posted by bearcomebullgone > 2023-11-08 16:23 | Report Abuse

smua jgn tokok sini dulu EPS blablabla semua water stock naik

KPS - selangor
RANHILL - johor
PBA - penang

Posted by paktua73 > 2023-11-08 17:00 |

Post removed.Why?

Posted by iPlay > 2023-11-08 22:06 | Report Abuse

yahoooooooo............Pesta Air this week😎😎😎

Posted by paktua73 > 2023-11-09 09:03 |

Post removed.Why?

Posted by paktua73 > 2023-11-09 09:11 |

Post removed.Why?

Posted by troy88 > 2023-11-09 09:12 | Report Abuse

Strong momentum!

Posted by KingKKK > 2023-11-09 09:40 | Report Abuse

5 reasons why PBA is worth RM2.50 (Part 1):

1. Turnaround story QoQ. Core earnings turnaround to RM26m profit from RM3m loss last quarter. Why? Because revenue increased while cost decline. Revenue up due to water tariff increase for certain users in Penang. Cost down due to the waiver of ICPT charges by TNB for Water Operators for the second half of the 2023.

2. Turnaround story YoY, PBT almost TRIPLED. Last year 3Q PBT was RM10m, this year RM29m. Why up? Revenue up due to water tariff increase for certain users in Penang. 3Q 2022 should look at PBT not net profit due to tax reversal distorting comparison.

3. So, exclude tax effect one year after the new tariff PBA should make RM104m or 32 sen. I use 8x PE to get RM2.56 round down RM2.50

(Part 2 continue later.,..)

Posted by Yezzy99108 > 2023-11-09 10:08 | Report Abuse

momentum penjualan banyak laku. stock clearance sales

Posted by dollardollarbill > 2023-11-09 10:09 | Report Abuse

Valuation wise is cheap

Posted by paktua73 > 2023-11-09 10:12 |

Post removed.Why?

Posted by dollardollarbill > 2023-11-09 10:12 | Report Abuse

Smart money investors sapu-ing shares

Posted by KingKKK > 2023-11-09 10:59 | Report Abuse

5 reasons why PBA is worth RM2.50 (Part 2):

4. Utilities sector is HOT now. YTL Power, YTL, Tenaga already gone up a lot. Water play is the next one. Most people don't know about water tariff increase in Penang since 1/1/2023 for non-domestic and special categories users.

Details here:
https://pba.com.my/pdf/news/2022/29112022_PBAPP_NonDomesticTariff_ENG.pdf

5. Net cash of RM193m. It has cash RM213m, total debts RM20m. Just the net cash only already 58 sen per share!

Source:
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=225389&name=EA_FR_ATTACHMENTS

Bonus reason no 6: its Book Value is RM2.88
Source:
https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3398547

Posted by KingKKK > 2023-11-09 16:05 | Report Abuse

6 reasons why PBA is worth RM2.50

https://klse.i3investor.com/web/blog/detail/bestStocks/2023-11-09-story-h-215206834-PBA_6_reasons_why_PBA_is_worth_RM2_50

Posted by dollardollarbill > 2023-11-09 16:13 | Report Abuse

Dividends potentially to rise too, back to good old days:
DPS paid:
FY08: 10 sen
FY07: 14 sen
FY06: 12 sen
FY05: 12 sen
FY04: 12 sen

Posted by dollardollarbill > 2023-11-09 16:17 | Report Abuse

Another positive. PBA 3QFY23 financial notes:

With effect from YA 2019, any unutilised Reinvestment Allowance (RA) can only be carried forward for a maximum period of 7 consecutive YAs after the expiry of the qualifying period of RA. The unutilised RA for YA 2018 and prior YAs arising from a qualifying period which has expired as at YA 2018 can be carried forward until YA 2025. In addition, the unutilised RA arising during the special RA period is allowed to be carried forward for 7 consecutive YAs from YA 2025 until YA 2031.
Based on existing legislation, as at 30 September 2023, it is anticipated that RM275 million out of the RM698 million (30 September 2022 : RM244 million out of RM698 million) available will be utilised to set-off against future taxable profits.

Posted by dompeilee > 2023-11-09 16:29 | Report Abuse

Tomorrow Friday...also T + 2 for the 3rd highest daily volume of all time...knowing faithless local speculators/gamblers, significant downside is highly probable.📉🔽🔽

Posted by UnicornP > 2023-11-09 16:58 | Report Abuse

👍

Posted by KingKKK > 2023-11-10 09:00 | Report Abuse

@dollardollarbill, ya Penang need money for LRT so dividend from PBA is helpful

Want to know more about PBA? Read here for 6 reasons why PBA is worth RM2.50

https://klse.i3investor.com/web/blog/detail/bestStocks/2023-11-09-story-h-215206834-PBA_6_reasons_why_PBA_is_worth_RM2_50

Posted by dollardollarbill > 2023-11-10 09:40 | Report Abuse

Nice. I added more earlier this morning

Posted by AlphaInvestor > 2023-11-10 12:44 | Report Abuse

Water related stocks is rallying - The Edge

https://www.msn.com/en-my/money/topstories/changes-in-major-shareholders-tariff-hike-expectation-prompt-rally-in-water-related-stocks/ar-AA1jEutl

Posted by UnicornP > 2023-11-10 15:41 | Report Abuse

buy now or wait?

Posted by TakeProfits > 2023-11-10 16:09 | Report Abuse

Nothing exciting here to shout this stock...
No syok lor😆

Posted by TakeProfits > 2023-11-10 16:12 | Report Abuse

Paktua, you small 🦐 timer talk big big ..But buy 3 lots X 100.. haha 🤣.
Big players NO talk 🦜 talk. They sapu all kena ..

Posted by UnicornP > 2023-11-11 15:05 | Report Abuse

🅿lease 🅱uy 🅰lot

Posted by AlphaInvestor > 2023-11-14 08:58 | Report Abuse

First Interim Dividend - RM 0.0175, the Ex Date on 07-Dec-2023.

Posted by dollardollarbill > 2023-11-14 10:30 | Report Abuse

PBA = Profits Become Abundant

Posted by paktua73 > 2023-11-14 10:53 |

Post removed.Why?

Posted by klee > 2023-11-14 11:01 | Report Abuse

hoot9e

Posted by klee > 2023-11-14 11:05 | Report Abuse

paktua we meet again

Posted by troy88 > 2023-11-15 09:38 | Report Abuse

seems to be warming up to spike up again..

Posted by paktua73 > 2023-11-16 07:29 |

Post removed.Why?

Posted by teknikal > 2023-11-16 09:44 | Report Abuse

Technical Outlook: Bullish

Reason: Price surge and stays above MA20, MA50 and MA200, MA = Moving Average

Outlook: PBA is testing its resistance 1.27 and if this can breakthrough then 1.48 will be the next target.