Posted by chok sharon > 2022-05-20 12:20 | Report Abuse

what do you expect the QR?

Posted by danchong > 2022-05-20 12:28 | Report Abuse

AGM at 9am on Monday. Usually, the directors will meet on the same day & announce QR in the evening.

Posted by TreeTopView > 2022-05-20 20:00 | Report Abuse

Thanks, Dan.

Posted by TreeTopView > 2022-05-21 11:39 | Report Abuse

I'll be keen to see what the quarterly results deliver in the upcoming week. I'm not expecting any major shocks to the upside or downside and hope that it can at least remain inline with the previous four quarters at a minimum.
If MD sentiment is anything to go by, with his continual buying up to 70 cents then we should be reasonably "safe".

With this past week's 4 day trading week, the current price has been well supported and has included a fair bit of buying at 70 and 70.5 during a volatile overall market. Technically, I mentioned last weekend that 70.5 was a target, this still remains a breakout point leading towards 72.5/73. Although 70.5 was hit during the week, it currently appears to be consolidating before any move forward.

The quarterly may or may not help with the immediate short term targets. Fingers crossed :)

Posted by chok sharon > 2022-05-21 20:01 | Report Abuse

Interstate travel has been allowed since the beginning of this year! so the quarter report might be improved drastically compared to the previous qr!
am I right?

Posted by JTleong > 2022-05-21 22:11 | Report Abuse

Expecting new high in QR due to project facilitation fees

Posted by 4ever5 > 2022-05-22 23:49 | Report Abuse

Hi Chok, interstate travel open might not be signficant impact to Ptrans , just as Ptrans revenue does not been impacted due to Covid lockdown previously. But JTleong has just pointed out the reason that the QR possibly break new high because there will be PFF. For this coming quarter, as an investor, lets focus on the prospect and business plan are still intact, then it is the best answer to investor.

Posted by TreeTopView > 2022-05-23 08:56 | Report Abuse

4ever5 , I agree with your post, in particular your comments about prospects and their business plan remaining intact. Their annual year on year revenue has consistently grown since listing in 2016, along with annual profit and margins. The only slight blip was revenue in 2020 due to Covid lockdowns,however they were still able to grow their profit that year.

Quarterly reports can sometimes be a bit "foggy" as they only relate to a three month period and may include some anomalies that don't eventually damage the overall annual business development. With that in mind, although I always scrutinise any quarterly of a company I own, unless their are any major issues or discrepancies I generally don't use them as a selling indicator.
As I've mentioned before, I'm not expecting any major shocks in the upcoming Perak Transit quarterly.

I hope I'm right :)

Posted by kimpau > 2022-05-23 08:57 | Report Abuse

ho ho ho something bombastic going to be disclosed!!! stay tuned!!!

Posted by hoot9eonly > 2022-05-23 11:49 | Report Abuse

Apa tu

Posted by software guy > 2022-05-23 12:41 | Report Abuse

https://twitter.com/JJ39132147/status/1528595795586727936?s=20&t=WVkFVi0lSi3aNqyvlC3M2A

Posted by cheeseburger > 2022-05-23 13:04 | Report Abuse

Good news.

Posted by kimpau > 2022-05-23 13:38 | Report Abuse

PTRANS RM0.82, then RM0.99!!
PTRANS-WB RM0.25 then RM0.38 !!!

Posted by TreeTopView > 2022-05-23 14:42 | Report Abuse

Did anyone attend the online General Meeting this morning?
It seems to have had a very positive effect on the price and volume.

Posted by steven rt > 2022-05-23 15:00 | Report Abuse

QR out?

Posted by TreeTopView > 2022-05-23 15:02 | Report Abuse

Nope

Posted by danchong > 2022-05-23 15:56 | Report Abuse

I did attend the AGM. Nothing special. QR should be this evening

Posted by danchong > 2022-05-23 15:57 | Report Abuse

Expecting around 16m in profit

Posted by TreeTopView > 2022-05-23 16:03 | Report Abuse

Dan, is the Rm16 mill. your guesstimate, or was there any indications of that at the GM?

Posted by JTleong > 2022-05-23 16:04 | Report Abuse

16mil is already New High

Posted by terence775 > 2022-05-23 16:06 | Report Abuse

For some it may be a surprise, but for those who have been following the company, it's expected. below 60sen was really such a steal. I've been covering PTRANS in depth for 2-3 years already, so if anyone wants to read my notes when I last met up with Jennifer and Dato Cheong, and spoke to the management team, feel free to PM me.

Posted by cheeseburger > 2022-05-23 16:07 | Report Abuse

good show today.

Posted by danchong > 2022-05-23 16:23 | Report Abuse

I did a back of the envelop calculation. the last profit without PFF is 13m & the increase of rental for last Q is 3M. I'm pretty sure they have collected the PFF hence I'll be disappointed if it fall short of that.

Posted by bojed > 2022-05-23 17:06 | Report Abuse

YEEEHAAAAA!!!

Last year I made money from its warrant but this year I opted for the mother share @0.685.

Posted by TreeTopView > 2022-05-23 17:46 | Report Abuse

Quarterly out"
Revenue Rm40.66 mill
Net Profit Rm14.25 mill

More than happy with that!

Posted by vincent cym > 2022-05-23 18:07 | Report Abuse

revenue increases is it just due to petrol price increases?

Posted by TreeTopView > 2022-05-23 18:11 | Report Abuse

Vincent, no.
I suggest you read the full report.

Posted by cheeseburger > 2022-05-23 19:11 | Report Abuse

gain from petrol station is very small for PTRANS. you shall understand where their main earning was from.

Posted by moneySIFU > 2022-05-23 20:02 | Report Abuse

Beside happy with the result and justified with the current price level, I am convinced to continue hold

For those who are holding for longer term, below is very encouraging disclosure:

Upon maturity of the terminal, Kampar Putra Sentral could see its total footfall to be more than that of Terminal Meru Raya and underpins the Group’s earnings growth ahead. Kampar Putra Sentral offers a one-stop convenient public bus terminal together with retail outlets, eateries, cinema, bowling, badminton courts, hotel and ballroom to both local residents and students from the Universiti Tunku Abdul Rahman, Tunku Abdul Rahman University College and other education centres in and around Kampar.

Posted by moneySIFU > 2022-05-23 20:07 | Report Abuse

important to note that current quarter has recorded highest profit

Positive cash from operation of RM22.4mil is also nice to read

To conclude, it will only get better ahead.

Posted by smartly > 2022-05-23 21:25 | Report Abuse

time to take profit...

Posted by 4ever5 > 2022-05-23 22:23 | Report Abuse

good evening. here is my humble opinion. It is a new high revenue and profit ! however, the quarter report is not exciting nor disappointing, at least to me since this is quite expected. I would say it is within our investor expectation. Slight disaapointment on the dividend of 0.0075 compare to 0.008 last quarter. it is 0.0005 lesser but not significant though. Thumbs up to the management to keeping the dividend payout at least 30% of the profit. As investor, we should understand that Ptrans is in need of cash to support the bidor station construction. All in all, I am still planning to hold long on this stock as long as the fundamental does not mess up. do you think this thought is fair enough?

Posted by TreeTopView > 2022-05-24 08:03 | Report Abuse

I didn't expect any major shocks in the quarterly and the company have delivered on that.
I was also hoping to see some growth in revenue and profit, again the company delivered on that.

For a first quarter FY2022 result, I'm very pleased with the outcome and would expect to see some growth in the second quarter FY2022, with their business model and growth strategy very much intact.

Posted by kimpau > 2022-05-24 08:56 | Report Abuse

rocket rocket!!!

Posted by TreeTopView > 2022-05-24 10:11 | Report Abuse

AmInvest report on the quarterly. Increase their valuation to Rm1.14.

https://klse.i3investor.com/web/pricetarget/research/63314

Posted by danchong > 2022-05-24 11:05 | Report Abuse

As at the end of March 2022, its PFF segment’s order book amounted to RM30mil which will be recognised over the next 12 months. We understand from management that there will not be any recognition of PFF in 2QFY22 as the project is expected to be completed in the subsequent quarters.

Posted by danchong > 2022-05-24 11:07 | Report Abuse

Does it make sense??????

Posted by TreeTopView > 2022-05-24 11:30 | Report Abuse

hi Dan, I read part too with a bit of confusion :)
I may contact the company later to get some clarification on that statement from AmInvest.

A higher tax cost due to a deferred tax payment also cut into what was already a very good quarter. All in all, a very solid quarter.

Posted by danchong > 2022-05-24 11:39 | Report Abuse

thanks TreeTopView.

At first I was also a bit concerned over the lower profit margin.

Posted by TreeTopView > 2022-05-24 11:48 | Report Abuse

I understand, Dan. The margin percentage dropped a few points due to the deferred tax payment made this quarter. All segments increased in revenue, which is what all longer term holders want to see, imo.

Posted by tksw > 2022-05-24 15:20 | Report Abuse

Those who chased high veli jia lat today

Posted by sianglong91 > 2022-05-24 15:39 | Report Abuse

Aiyoooo, whose scallions get scythed today? Horrible terrible like a vegetable. Fundamentally, Ptrans is still very good imho

Posted by 240gpark > 2022-05-24 16:22 | Report Abuse

Investment Highlights
We maintain BUY on Perak Transit with a higher fair value (FV) of RM1.14/share (vs. RM1.09/share previously) based on 15x PE on a rolled-forward fully-diluted FY23F EPS. Our FV reflects a neutral 3-star rating and is at a 30% discount to our FY22F target PE of 22x for Malaysia Airports.
We continue to benchmark Perak Transit’s valuation against Malaysia Airports given the many similarities between the operations of an airport and a modern public transport terminal.
Perak Transit’s 1QFY22 core net profit (CNP) of RM14.3mil came in within our expectation at 24% of our forecast and 25% of consensus’ FY22F earnings. Thus, we make no changes to our forecasts.
Perak Transit’s 1QFY22 turnover rose 15% YoY to RM41mil mainly driven by higher contribution from its integrated public transportation terminal (IPTT) operations and petrol station operations. However, its CNP expanded by only 6% attributed to increased deferred tax liabilities which led to higher tax charge for the quarter.
The group’s IPTT operation recorded a 12% YoY rise in 1QFY22 revenue to RM26mil, backed by new rental income from the logistics/warehousing and distribution tenants for both Terminal Meru Raya and Kampar Putra Sentral beginning September 2021.
Meanwhile, 1QFY22 revenue from petrol station operations expanded by 34% YoY to RM8mil on higher fuel sales volume and fuel price. The bus operation’s revenue rose 7% YoY to RM6mil, mainly contributed by the award of a new stage bus contract (for the routes in Larut, Matang and Selama districts) in 4QFY21, coupled with stronger contribution from the Interim Stage Bus Support Fund and Stage Bus Service Transformation programmes.
QoQ, its revenue climbed by 23% and CNP grew 12%, mainly due to the recognition of project facilitation fees (PFF) amounting to RM7.3mil in this quarter. There was no contribution from PFF in 4QFY21.
As at the end of March 2022, its PFF segment’s order book amounted to RM30mil which will be recognised over the next 12 months. We understand from management that there will not be any recognition of PFF in 2QFY22 as the project is expected to be completed in the subsequent quarters.
Over the mid-to-long term, the group’s growth drivers will be from the following:
(i) higher rental rates from its terminals upon the resumption of post-pandemic footfalls;
(ii) stronger contribution from Kampar Putra Sentral stemming from the expiry of the free-rental period and a higher occupancy rate as the student population returns from March FY22 onwards (to recap, the occupancy rate of Kampar Putra Sentral’s commercial area currently stands at 50% and tenants enjoy free rental amidst the MCO);
(iii) Bidor Sentral’s maiden revenue contribution from 2HFY23. The construction on Bidor Sentral has already commenced in FY21;
(iv) full-year recognition of rental from 2 of its logistic business tenants in FY22F with an expected annual contribution of RM30mil–RM36mil. Additional potential upside stems from the growth of tenants under its revenue-sharing model;
(v) securing more asset-light third-party terminal management contracts (TMC).
We continue to like Perak Transit for:
1. Its unique business model in operating modern public transport terminals that emulate airports with spacious and brightly-lit shopping, dining and waiting areas as well as clean public facilities, particularly washrooms. These entice visitors to spend more money and time in the terminals prior to their departure or upon their arrival, or while sending off or picking up their loved ones. This captive traffic is monetised in the form of rental incomes from commercial units and advertising space within the terminal;
2. Having proven the commercial viability of this business model in its interstate transportation hub, Terminal Meru Raya in Ipoh and the newly-opened Kampar Putra Sentral. Kampar Putra Sentral is also buoyed by a fast-growing student population in the campus town of Kampar. This student population has a high propensity to travel during school breaks and festivities as well as during weekends for leisure; and 3. The vast opportunities to replicate this successful business model. Already, it has at least
3 more projects in the pipeline in Bidor, Tronoh and Alor Setar.
Given that the stock is trading at an undemanding FY23F PE of 9x vs. 3-year average of over 20x, Perak Transit offers investors a good opportunity to own a defensive public infrastructure business. The group has the potential to replicate its business model for further growth.



Source: AmInvest Research - 24 May 2022

Posted by 240gpark > 2022-05-24 16:22 | Report Abuse

Aminvest giving support. hmm.... still can go ?

Posted by JTleong > 2022-05-24 17:35 | Report Abuse

Super ugly candlestick with volume. Believe more downside to come

Posted by sianglong91 > 2022-05-24 18:20 | Report Abuse

Technical wise, I think tomorrow going to have a mixed sentiment. Didn't expect the downturn coming from macros

Posted by TreeTopView > 2022-05-24 19:01 | Report Abuse

Another 1.6 million bought today by the MD.

Posted by bojed > 2022-05-24 21:59 | Report Abuse

Should've sold yesterday adoiii now -1 sen loss.

I guess I'll just hold it for the next round of dividends.

Posted by danchong > 2022-05-25 10:19 | Report Abuse

file:///C:/Users/Danny%20Chong/Downloads/Perak%20Transit%20220524_Amended.pdf

Aminvest has amended its report to

As at the end of March 2022, its PFF segment’s order book
amounted to RM30mil which will be recognised over the
next 12 months.

Posted by ZorosInvestFund > 2022-05-25 12:32 | Report Abuse

no matter what the PFF will still be recognized in this year, I guess 9/12 x RM30mil?
Zoros is still happy with the growth, keep it up Ptrans!