Ptrans will have the highest growth in 2019. His new terminal will b completed soon (if not mistaken nex month will gaodim) and will have renter income coming in. Will reflect on nex year 1st Q report.
Exercise Price is RM0.235, you need to take out RM0.235 to buy one unit of Perak Transit with one unit of warrant. You will get 5000 share of Perak Transit if you exercise you warrants but you have to pay 5000 x RM0.235=RM1,1175.00.
Moneycome… by right u should purchase mother which give u dividend every year.. But WA will give u capital gain higher than mother when overall result is performing.
Company approve transfer to Main market , time collecting now.once step in main market, barrier will become less.. Company need remain nice PE for institute before they step in main market.
I’m believe what mention by the MD, quite honest. 1. Dividend will increase from year to year. 2. Kampar terminal is on track, and first phase operate in Q4. (now MYBAS is start the route from MedanKit to Kampar terminal) 3. Transfer to main market, will get confirmation by SC in end Nov18. (now is just beginning Dec18). This all mention by the MD and is happened on time.
Next. 1. The Key bus terminal player in Malaysia. 2. Opening at least 5 terminal within 10 years. 3. Apply to fall under Reits status. 4. Attract more investment bank to invest in Ptrans.
Hm.. check their report.. Current ratio around 1.4 ( below 2, but it quite depends on industry, I will.put ptrans as reit category base on their business mode ) ; among its industry, 1.4 consider quite healthy.
Quick ratio is 1.1 ( above 1 is safe)
Their financial situation not that bad.. Quite healthy for me.
To make it clear, need to let urs know ptrans is involve more in term of invest in property, land purchase, building construction, in order to grow their business. All these thing need a lot of cash. It is not enough just used fund from IPO, private placement. Long term borrowing is needed for them to ensure business continue growth. When u look at the borrowing maybe will worry, but try look at their fixed asset then u may understand.
Example, how u buy ur property, all is through housing loan right. Remember the asset u buy may revalue bz land price will increase from year to year. So, I feel the borrowing is fine for me.
1. Long term borrowing interest is not that high. U may check the interest paid as compared against with total borrowing. Plus the latest budget gov announced will provide loan with interest as low as 2% for those transport company application.
2. All those investment can apply grant from gov with 60% tax allowance. That is the reason ptrans keep invest, others than can ensure business growth, ptrans also enjoy benefits from gov. U also can see the tax allowance is keep in balance sheet, all these can be generated as future income. U can read my post to understand more about the latest financial statements.
Ya, so base shpg22 comment.. I just check on their current ratio and quick ratio.. either they will get in problem by short term borrowing anot but I found it quite okay actually. = )
I m talking about its Long Term Debt not liquidity. LTD is building up as its FCF is always negative while struggling to maintain their dividend payout. If you are comfortable with it, then go ahead and buy more. There are many other companies on bursa that has better quality than this.
At this price, Perak transit is trading more than 15X P/E after including dilution. Whether it is cheap or not, will depend on actual performance of Kampar terminal
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Maxtrader
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Posted by Maxtrader > 2018-12-03 10:05 | Report Abuse
Ptrans will have the highest growth in 2019. His new terminal will b completed soon (if not mistaken nex month will gaodim) and will have renter income coming in. Will reflect on nex year 1st Q report.