Posted by speakup > 2024-01-08 07:46 | Report Abuse

https://focusmalaysia.my/ramasamy-fumes-over-systematic-purge-of-indian-employees-once-roped-in-by-him-at-penang-state-govt-agencies/

Posted by calvintaneng > 2024-01-08 08:17 |

Post removed.Why?

Posted by StartOfTheBull > 2024-01-08 11:34 | Report Abuse

Hahaha, may continue drop until Friday. If repairing works is smoothly done by this Sunday, water supply should resume on Monday.

Posted by hng33 > 2024-01-08 12:13 | Report Abuse

PAN Corporate Communications and Consumer Affairs Unit director Mohd Fazil Ismail reportedly said on Jan 5, that the commission has conducted a Tariff Setting Mechanism (TSM) study to ensure a fair tariff adjustment for both water companies and consumers, adding that the water tariffs adjustment is expected to take place this year.

Mohd Fazil said the expected average increase imposed on consumers would only be an additional RM3 to the monthly bill, which works out to be 10 sen per day.....

Remark: increase only RM 3 /month !!!???

https://www.thestar.com.my/news/nation/2024/01/08/span-possible-water-tariff-hike-wont-be-a-big-burden

Posted by hng33 > 2024-01-08 12:23 | Report Abuse

SPAN sch misleading statement 'the expected average increase imposed on consumers would only be an additional RM3 to the monthly bill, which works out to be 10 sen per day' have prompted portfolio to premature lock profit today

Posted by moven00 > 2024-01-08 14:32 | Report Abuse

PBA you make sure you maintain the water tariff increase to RM3 per month only per customer.

Posted by paperplane > 2024-01-08 16:07 | Report Abuse

Why he not saying rm3/month, only RM36/ year.

Posted by KingKKK > 2024-01-08 16:50 | Report Abuse

I stick to my target of RM2.50 for PBA which has not taken into account any potential tariff hike in 2024.

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 hhhiii123 > 2024-01-08 18:11 | Report Abuse

Hmm, need study abit to decide hold or sell it

Posted by dollardollarbill > 2024-01-09 09:02 | Report Abuse

@hng33

Agree with you that some might have misinterpreted the statement and taken profit.

The statement:
"the expected average increase imposed on consumers would only be an additional RM3 to the monthly bill"

The keyword is "average". Another keyword is "expected".

How is the average calculated? For which usage bracket? Referring to average user? First 35,000 litres per month? Referring to which states?

Many states are applying for tariff increase. Penang, Kedah, Perak, Melaka, Johor, Selangor, etc.

If we use Selangor as an example then it's easier to understand.

Selangor current tariff structure:

0-20 cubic metres = RM0.57
>20-35 cubic metres = RM1.03
>35 cubic metres = RM2.00

So, if a resident in Selangor uses 30 cubic metres (30,000 litres) per month, the current water bill is RM21.70.
Hypothetically, if tariffs increase by about 15%, new tariff will look like

0-20 cubic metres = RM0.66
>20-35 cubic metres = RM1.19

New monthly water bill is RM25.10, difference of RM3.40

Penang current tariff structure is very low. For the FIRST TWO usage brackets
0-20 cubic metres = RM0.22
>20-40 cubic metres = RM0.46

A resident in Penang is currently paying a ridiculous RM9 for 30 cubic metres of monthly water usage.

Previously Penang was seeking tariff review for:
0-20 cubic metres = RM0.55
>20-35 cubic metres = RM1.10
>35 cubic metres = RM2.00

Based on this, the monthly bill would be RM22, difference of RM13.

This was the previous suggested tariff back in 2021. It could be even higher in 2024.

Other states that have much higher tariff than Penang are also applying for a review, like Selangor for example.

So, Penang would obviously get a much higher tariff increase as it currently has the lowest domesitc tariff among all states in Malaysia.

Also take note of what SPAN said previously in its annual report 2021 page 48: Only Pahang, Perlis and Penang are allowed to increase tariff by more than 30% because of their existing low rates. Other states limited to 30%.

Posted by Justaboylearning > 2024-01-09 23:25 | Report Abuse

But what if the tariff is lower

Posted by StartOfTheBull > 2024-01-10 06:28 | Report Abuse

If water tariff is lower then more people can afford to use water running hose to wash car.

Posted by dollardollarbill > 2024-01-10 07:52 | Report Abuse

https://www.pressreader.com/malaysia/the-star-malaysia/20240109/282626037520953
"This means my recent average monthly water cost is really a very low RM3.74; even a cup of teh tarik and two pieces of roti canai cost more than that."

Posted by dollardollarbill > 2024-01-10 08:02 | Report Abuse

Songkran water festival

Posted by StartOfTheBull > 1 hour ago | Report Abuse

If water tariff is lower then more people can afford to use water running hose to wash car.

Posted by paperplane > 2024-01-10 14:01 | Report Abuse

The cost is really cheap, so it is fair to adjust a bit. But iguess wont be crazy

Posted by StartOfTheBull > 2024-01-10 14:31 | Report Abuse

No reason Penangites who enjoy higher income compare to other states cannot accept an average water tariff rise.

Posted by KingKKK > 2024-01-10 15:53 | Report Abuse

Worst case scenario +RM10 to water bill for B40 which is already very small chance to happen.
Again worst case scenario only husband working with RM1500 salary, what is the % of increase against salary?

RM10/RM1500 = 0.7%

Many Penang people earn more than RM1500

Examples:
Minimum salary class RM1500: Impact =10/1500 = 0.7%
M40 people RM5000: Impact = 10/5000 = 0.2%
T20 people RM10k salary: Impact = 10/10000 = 0.1%

Which one is worse... old pipe not replaced causing no water 1-2 days a year or pay extra 0.5% on average of your salary so that whole year can get water?

Posted by dollardollarbill > 2024-01-10 18:34 | Report Abuse

Tariff Setting Mechanism (TSM)

Posted by KingKKK > 2024-01-11 13:56 | Report Abuse

Planned water works completed ahead of schedule; some taps flowing in Penang

GEORGE TOWN: Chief Minister Chow Kon Yeow and the Penang Water Supply Corporation (PBAPP) have earned all-round praises after water supply resumed in several parts of Seberang Prai and Penang island after all planned water works have been completed ahead of schedule.

Since late last night, social media has been abuzz with water recovery updates.

PBAPP chief executive officer K. Pathmanathan said they completed all planned water works at the Sungai Dua Water Treatment Plant (WTP) and 22 other locations ahead of schedule yesterday.

He said the stage one of the water supply recovery plan commenced from 11pm yesterday.

https://www.nst.com.my/news/nation/2024/01/999799/planned-water-works-completed-ahead-schedule-some-taps-flowing-penang

Posted by StartOfTheBull > 2024-01-11 16:31 | Report Abuse

Taps back on for 60% of Penangites affected by water cuts
https://www.freemalaysiatoday.com/category/nation/2024/01/11/taps-back-on-for-60-of-penangites-affected-by-water-cuts-says-deputy-minister/

Posted by wendy76 > 2024-01-11 16:43 | Report Abuse

yes got water already. :)

Posted by hhhiii123 > 2024-01-11 17:13 | Report Abuse

Out first, wait for better momentum

Posted by StartOfTheBull > 2024-01-11 19:33 | Report Abuse

Possible better momentum on Monday.

Posted by StartOfTheBull > 2024-01-15 07:42 | Report Abuse

Penang water supply fully restored 1 hour 48 minutes ahead of schedule.

Posted by goldenhope > 2024-01-16 12:06 | Report Abuse

Time to increase the water tariff

Posted by StartOfTheBull > 2024-01-16 12:27 | Report Abuse

Press conference by Span chairman to be held soon.

Posted by KingKKK > 2024-01-16 13:59 | Report Abuse

"The big money is not in the buying and the selling, but in the waiting." - Charlie Munger

I stick to my target of RM2.50 for PBA which has not taken into account any potential tariff hike in 2024.

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 hng33 > 2024-01-16 15:02 | Report Abuse

sold first at RM2.00-2.01

Posted by hng33 > 2024-01-16 15:13 | Report Abuse

sold off all balance at 2.04

Posted by xyaaa2 > 2024-01-16 16:10 | Report Abuse

Trick trick

Posted by Neoh Jia En > 2024-01-16 17:46 | Report Abuse

Seems like there will be an announcement of water tariff hike tomorrow: https://www.chinapress.com.my/?p=3769371. If PBA share price rises tomorrow, then it means that corporates should not be involved in CSR initiatives, assuming that the market is semi-strong form efficient: https://klse.i3investor.com/web/blog/detail/neohjiaen/2023-11-24-story-h-214216010-PBA_Holdings_Berhad_The_Aberration_Named_as_CSR

Posted by hhhiii123 > 2024-01-16 18:29 | Report Abuse

Tomorrow LU again?hehe

Posted by Erudite > 2024-01-17 09:27 | Report Abuse

https://www.sinchew.com.my/news/20240117/nation/5303764

News report announcement on Tariff Hike out...

Posted by ValueInv888 > 2024-01-17 09:43 | Report Abuse

https://www.businesstoday.com.my/2024/01/17/water-tariff-adjustment-aims-to-enhance-quality-water-supply-services-in-malaysia/#:~:text=Starting%20February%201%2C%202024%2C%20the,based%20on%20records%20from%202022.

Posted by ValueInv888 > 2024-01-17 09:46 | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2024/01/17/water-tariff-adjustment-for-domestic-users-in-peninsula-labuan-from-feb-1/

Posted by StartOfTheBull > 2024-01-17 09:59 | Report Abuse

So today share price up or down?

Posted by k3nthiew > 2024-01-17 10:14 | Report Abuse

If announcement from SPAN is to implement on all states, then the largest impact will be on PBA. +22c for every 1,000 liter. PBA is now selling 32c per 1,000 liter, thats almost 69% up

Posted by k3nthiew > 2024-01-17 10:17 | Report Abuse

About 65% of PBA's rev come from domestic user, the new tariff will at least contribute 50mil rev per quarter

Posted by k3nthiew > 2024-01-17 10:19 | Report Abuse

PBA's rev should able to achieve 600mil on FY2024

Posted by Agjl > 2024-01-17 11:35 | Report Abuse

All take profit until banker revise TP

Posted by Neoh Jia En > 2024-01-17 12:22 | Report Abuse

FAQ released by SPAN confirmed that there will be ICPT mechanism for water operators: www.span.gov.my/document/upload/RXVrajDKL5HM2r0FgvKfLZPrg5ZKPcG1 (add .pdf). Water bills will be split into two parts: (1) base tariffs that are revised every three years; and (2) electricity surcharge/discount that is revised every year.

Posted by PureBULL ... > 2024-01-17 12:26 | Report Abuse

INVESTORS, [2024-01-16 3:43 AM]
LD, limit down by rapid n scib is causing players to dump 1st, think later.
do take note that the strongest stocks would super bull after this dumping.

YTLPOWR n CGB were the fully cornered.conditon stock.
Being super A1, both flied high so easily...

3 stocks that look like early YTLPOWR n CGB r:
PBA, HSSEB, MINETEC

https://www.tradingview.com/x/x9usoUK1/

Posted by Skyliew1919 > 2024-01-17 13:21 | Report Abuse

Pba Ann up how many water tarrfit

Posted by StartOfTheBull > 2024-01-17 14:06 | Report Abuse

Different state has different water tariff. Not enough details were given in the announcement, therefore it is hard to assess the additional revenue from February this year for PBA for now.

Posted by meisarel > 2024-01-17 14:28 | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2024/01/17/domestic-water-tariffs-in-penang-to-double/

Posted by wendy76 > 2024-01-17 15:50 | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2024/01/17/domestic-water-tariffs-in-penang-to-double/

Posted by mf > 2024-01-17 15:51 | Report Abuse

take profit

Posted by wendy76 > 2024-01-17 15:52 | Report Abuse

thank you to KingKKK for his article on PBA. well-written. facts and figures.... now waiting to hit RM2.5 A big thank you. Much appreciated.

Posted by mf > 2024-01-17 16:03 | Report Abuse

sell

Posted by PureBULL ... > 2024-01-17 16:03 | Report Abuse

Population is perpetually increasing.

Clean treated WATER is as precious as clean air we breath in to live.
World experts said water is more precious than air,
bcos the water recourses r limited n finite!

in north america, their gov privatize all utility biz except water.
why? water is free as the raw material.
power utility is the worst. the cost of raw material in coal n n gas is ever increasing n
its ASP is not, as politikus must buy votes to stop tariff increase for multi yrs, like in msia.,.

water tariff must be allowed to increase every 3 years to preserve it.
bcos when cheap cheap, iliot just let it flow freely to the drain.,.

i had 20 unit or m3 FOC in selangor per mth.
then i complained why its so so expensive water here.
its ever increasing as water is owned fully by the city hall.

from 1.90 to now 4.62 per m3 in 12 yrs.
that FOC 20 unit, i paid 20 x 4.62 x 3.5 = rm$323 per month n with fear of increasing soon!

https://www.freemalaysiatoday.com/category/nation/2024/01/17/domestic-water-tariffs-in-penang-to-double/

https://www.tradingview.com/x/WK7gzKKS/