Posted by KingKKK > 1 week ago | Report Abuse

Bursa MAGNIFICENT 7 - Update for Jun 2024 - Discussion about PBA, YTL, YTLPOWER, TENAGA, UEMS, IOIPG and SUNWAY - (KingKKK)

https://klse1.i3investor.com/blogs/bestStocks/2024-06-02-story-h-160564341-Bursa_MAGNIFICENT_7_Update_for_Jun_2024_Discussion_about_PBA_YTL_YTLPOW.jsp

Posted by goldenhope > 1 week ago | Report Abuse

Why LGE commented on the price hike now, should be debated before Penang gov approves the proposed rate hike.

Posted by goldenhope > 1 week ago | Report Abuse

They should discuss internally to solve the problem but not openly condemn the CM.

Posted by Bestata Oh > 1 week ago | Report Abuse

the CM is useless and will LD soon

Posted by newbird33 > 1 week ago | Report Abuse

PBA giving free 10,000 liters water to every household!

Posted by hng33 > 1 week ago | Report Abuse

THE Penang Water Supply Corporation (PBAPP) appears to have caved in to pressure and has offered rebates to provide relief to consumers over the 182 percent hike in water rates early this year

In a statement, the state executive councillor, who oversees infrastructure, Zairil Khir Johari said that the first 10,000 litres of water used by every household in Penang from July to December will be free of charge.

It is part of efforts to lighten the impact of increased water tariffs that began earlier this year, Zairil, the Tanjung Bungah assemblyman, said.

He also declared that the existing RM20 monthly rebate for large households comprising eight people or more with a maximum monthly income of RM2,250 will be extended to households with an income of up to RM5,000

Posted by S363636 > 1 week ago | Report Abuse

So how they going to make profit ? Better sell before become sen!!!

Posted by goldenhope > 1 week ago | Report Abuse

better cut the Directors' allowances

Posted by ValueInvestor888 > 1 week ago | Report Abuse

ranhill is doing much better than PBA...

Posted by rlch > 1 week ago | Report Abuse

So many people can enjoy free water?

Posted by goldenhope > 1 week ago | Report Abuse

As at May 2024, there are about 597,000 registered domestic water consumers in
Penang. The projected impact on PBAPP’s revenue in the period from 1.7.2024 –
31.12.2024 will be about RM11 million.

Posted by Justaboylearning > 1 week ago | Report Abuse

Good to buy on price weakness.

RM 11 million may be alot, but only applies to consumer households.

Posted by ValueInvestor888 > 1 week ago | Report Abuse

household usage should be less than 40%, the rest is industrial and agriculture sector.
Oversold but this stock is lousy...

Posted by raymondroy > 1 week ago | Report Abuse

Last qtr profit was only RM14m so if free water impact is RM11m.... covering 6 mths so thats RM1.8m a mth..... so profit will reduce to 14-1.8=12.2m .... assuming rate change will be absorbed into this free water scheme covering initial mths :-(

Posted by goldenhope > 1 week ago | Report Abuse

RM14 mil still does not fully reflect the hike in water tariff.

Posted by ValueInvestor888 > 1 week ago | Report Abuse

yes not reflect yet. current price is undervalued as mkt does not like subsidy and other argument surrounding water by politicians. Household consumption is less than 40%. Other sectors still subject to increase esp industry sectors.

Posted by paperplane > 1 week ago | Report Abuse

PBA will never be able to reward their shareholders like this. Sell, ask them privatise it

Posted by hng33 > 3 days ago | Report Abuse

bought back pba at 1.83-1.86

Posted by turbochart > 2 days ago | Report Abuse

Penang rich. Perak poor. Perak gov, pls Sell water sell High High to Penang!!😁