KLSE (MYR): PBA (5041)
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Last Price
2.32
Today's Change
0.00 (0.00%)
Day's Change
2.31 - 2.33
Trading Volume
109,700
Ann. Date | Date | Type | Name | Title | View |
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With the commissioning of Package 12A, we have effectively increased Penang’s overall maximum water treatment capacity by 114 MLD (million litres per day), from 1,612 MLD to 1,726 MLD," said Pathmanathan. "With increased treatment capacity in hand, PBAPP will now focus on upgrading Penang’s water distribution network [or pipeline network] to deliver more treated water to our customers."
It is carrying out this through the implementation of the three major pipeline projects, comprising a 13km pipeline project in Seberang Perai, from the Sungai Dua plant to Butterworth (RM128 million), a 3.9km pipeline on Penang island, from Macallum area to the Bukit Dumbar Reservoir and Pumping Station Complex (RM44 million), and the Sungai Perai River-Crossing Pipeline Project in Seberang Perai (RM17 million).
1 month ago
Sustain water hike rate for next 3 year has allow PBA profitability surge multifold to earn RM 200m annually or EPS = 60sen, in order to meet upcoming capex RM 1.1 billion on staggering till 2028 to built more water treatment plant and laying new pipeline
Take nore, PBA next new water traffic review for non dosmetic is due on 2026 follow by subsequent
domestic water traffic rate hike 2027. The next new water traffic on 2026 and 2027 will continue ensure PBA profitability sustain higher to meet any shortfall or new project forward before 2030 for new Perak - Penang water transfer materialise
1 month ago
FULL Gurney Bay Project detail update Phase 1 & 2. Coastal Grove, Beach, Water Gardens & Drive Wharf
https://www.youtube.com/watch?v=M0JDmgb-QMs
1 month ago
penang water rationing lately again i was told due to low water level at dam. How they increase the raw water or find more source of water? Building water treatment but no source of water?
1 month ago
PBA runs the risk of serving the public rather than maximising shareholder value, a political animal as it is.
1 month ago
In bursa, only 2 water treatment stock listed in bursa. PBA and Ranhill.
PBA is 69% control by Penang gov, of course need take care of domestic water user as show by PBA given subsidy RM 110m as subsidy at shareholder expense, but, in turn of profitability, PBA still deliver awesome profit and give dividend
On the other hand, Ranhill SAJ, johor water operator, is 20% control by Johor gov and 80% control by listed Ranhill utilities should be more profit oriented, without given any subsidy, but, in turn of profitability, Ranhill cann't deliver good profit at all.
1 month ago
PBA slowly coming down...hehehe...wait till it drops to below RM220...baru make a move 😀
1 month ago
PBAPP is prioritizing the completion of all 8 projects in its Water Supply Contingency Plan 2030 (WCP 2030) on time. As at September 2024, PBAPP has successfully completed 2 projects: the 10 MLD DAF module at Bukit Panchor and Package 12A of the Sungai Dua WTP. The 3rd, 4th and 5th WCP 2030 projects are the 13.0km x 1.8m pipeline in Seberang Perai, the 3.9km pipeline on Penang Island and the new EMD WTP respectively. PBAPP is keeping the WCP 2030 goal in sight and working to stay on schedule
All in, PBA is to invets as much RM 1.1 billion to complete above project by 2030 funded mainly by last year non domestic hike in 2023 and this year domestic water traffic hike in 2024 more upcoming hike when next 3 cycle reach on 2026 for non domestic and 2027 for domestic water traffic
1 month ago
Punck niaga, gamuda and KPS already dispose their water treatment with handsome profit to Air Selangor
1 month ago
The total investment RM 1.1 billion to build new pipeline, built new water treatment plant, built new pipe connecting dam to water treatment plant are all will be capitalized as new assets to PBA without affect PBA profitability in quarter result. These is because new investment assets is capex which is new assets in reporting Q result. It is NOT opex, it is NOT opoerating expense cost that will offset profit
1 month ago
It is largely state owned. If value is to be created it had better pay good dividends.
1 month ago
PBA already increasing dividend payment yearly from 1.75sen in 2019 to 3.5sen in 2023 when open share price trading below RM 1.00.
It is expected to double up dividend payment in line with improve profitability
1 month ago
Dividend yield
on average is about 3% while MGS is at 3.77%.. Hopefully PBA hikes it above the safe MGS
1 month ago
PBA earning is NOT static as water demand in Penang is expect to increase from current 890MLD in 2024,
Projections from an independent water study completed in 2021 indicate that Penang’s water demand may be driven by socioeconomic factors to increase by 78.1% (672 MLD) and reach 1,532 MLD by 2030.
The more water sold, the higher profit generated
1 month ago
KUALA LUMPUR: Singapore-based Equalbase yesterday held a groundbreaking ceremony for its RM220 million Valdor II multi-storey warehouse in Penang.
Equalbase specialises in the development and management of modern, sustainable industrial logistics assets
More and more industries set up in Penang, more non domestic water consumption ahead.
Upcoming budget will kivk start Penang LRT and Penang Perak water transfer mega project
1 month ago
Penang launches incentives to attract chip design firms, engineers
KUALA LUMPUR (Sept 28): The Penang government on Saturday launched an incentive programme to attract chip design firms and engineers to the Bayan Lepas Industrial Park and designated surrounding area.
The ‘Penang Silicon Design @5km+’ zone will provide annual subsidies worth up to RM2 million over three years, according to a statement from Invest Penang. The incentives will be available to both local and foreign integrated circuit (IC) design firms based in Malaysia.
“As Penang continues to attract more strategic investors, there is a need to establish conducive facilities that can accommodate high-value activities in Penang,” said Penang Chief Minister Chow Kon Yeow.
Penang is home to some of the largest global electrical and electronics companies, including semiconductor giants Intel and Infineon Technologies, as well as major electronics manufacturers such as medical device maker B Braun and power tool company Bosch.
The state also already hosts 28 local and foreign companies related to IC design. To lure more investments, Penang had also previously launched the IC Design and Digital Park and Chip Design Academy, both in May.
Penang has committed RM60 million to propel the latest initiative forward, and the state government is asking for a matching grant of RM60 million from the federal government, Invest Penang said.
The incentives include up to full subsidies for rent, utilities, and parking at state-owned properties, as well as for the use of certain equipment and tools at shared incubation spaces and stakeholder facilities.
To ensure the success of the Penang Silicon Design @5km+, the initiative is governed by an executive council. An advisory panel, consisting of industry representatives, academia and government agencies, will advise and provide recommendations to the council.
By the end of 2024, Prime Minister Datuk Seri Anwar Ibrahim is expected to officiate state-owned GBS TechSpace, a 36,000 sq ft facility designed to accommodate up to eight IC design companies and at least 300 IC design engineers.
“At the very heart of our digital economy growth are the chips that power digital technologies,” underscoring the importance of the semiconductor and IC design industry, said Digital Minister Gobind Singh Deo. “We must take concrete steps to maintain our mark in this sphere
1 month ago
Penang rich, PBA earn billion, Perak Miskin, pls sell high high water to Penang!!!
1 month ago
Yup, Penang rich, PBA shouldn't give subsidy to Penang domestic water anymore. Water traffic rate cannot be national second lowest anymore. It should earn mote profit in order to built more water treatment, built more dam to conserve rain raw water, replace old pipe to decrease 26% non revenue water
1 month ago
Penag Perak treated water transfer is wake up call for all Penang to face reality that treated water is expensive, water traffic need higher hike
1 month ago
It need to breakout RM 2.60 to resume uptrend toward RM 3.00 and thereafter before next upcoming Q3 EPS 15sen
1 month ago
Utilities stock particular PBA is safe heaven in time of market volatility due to essential water, while still enables investors to enjoy both dividend yield and EPS growth due to water traffic rate hike and unstoppable increase water consumption
1 month ago
Penang is looking to attract US$115 billion (about RM492 billion) in investments by 2030 by tapping into the front end. However, it needs to upgrade the current infrastructure to meet the rising demand for water and electricity first.
A massive overhead power transmission line is expected to be ready by the end of the year to help meet the growing electricity demand. This new transmission line, part of a 275 kV project, will deliver a capacity of 2,000 MW from the mainland to Penang Island.
Currently, the island’s peak demand is around 800 to 1,000 MW. The new capacity will also support upcoming developments, such as Silicon Island and the industrial area expansion.
Besides needing more energy, the state is tackling a critical water shortage. The spike in water demand between 2019 and 2023 has strained resources, coinciding with the semiconductor boom.
The state has committed RM1.18 billion to water infrastructure projects to address this issue and ensure a stable supply until 2030. A stable supply of water and electricity is vital for the semiconductor industry, as even brief outages can lead to millions of dollars in losses.
4 weeks ago
Why US 115 billion or RM 492 billion is possible by 2030, cumulative 6 year period translate to about 85 billion per year.
Just first half 2024, Penang already secure RM 31 billion investment.....
GEORGE TOWN: The Northern Corridor Implementation Authority (NCIA), in collaboration with the Malaysian Investment Development Board (Mida), has secured RM31.38 billion in investments for Penang during the first half of 2024.
NCIA chief executive Mohamad Haris Kader Sultan said that this substantial investment demonstrates strong investor confidence in the long-term prospects of the Northern Corridor Economic Region (NCER), particularly in Penang
NCIA and Mida secure RM31.38 billion in investments for Penang
4 weeks ago
GEORGE TOWN: Penang’s Light Rail Transport (LRT) dream will begin to take shape in December with a groundbreaking event, with the first station to be built in Lebuh Macallum.
Transport Minister Anthony Loke is said to have approved a date to get the 29km Mutiara Line landmark project off the ground.
The alignment starts from Penang Sentral on the mainland before crossing the channel to Lebuh Macallum.
From there, the multibillion-ringgit line will pass through Komtar, Bandar Sri Pinang, Sungai Pinang, East Jelutong, The Light, Gelugor, Jalan Universiti, Sungai Dua, Sungai Nibong, Bukit Jambul, SPICE, Jalan Tengah, the Free Industrial Zone, Free Industrial Zone South, Sungai Tiram, the Penang International Airport, Permatang Damar Laut and Silicon Island, which will serve as a depot.
A component of the Penang Transport Master Plan, the Penang LRT will have 20 stations, including two interchange stations at Komtar and Penang Sentral in Butterworth, with completion slated for 2030
3 weeks ago
Infrastructure development, which reduces transport costs and travel time, will boost foreign and domestic investments
So, Penang looking to attract US$115 billion (about RM492 billion) in investments by 2030 by tapping into the front end semiconductor industry can be materialize, following will be rising demand for water and electricity.
3 weeks ago
Cover Story: Penang’s infrastructure playing catch-up with its industrial boom
https://theedgemalaysia.com/node/728632
....The state is also working on addressing its water supply issues through the building of four water treatment plants to support growing demand. Flood mitigation is also in the works, as two major projects — the Sungai Pinang and Sungai Jawi flood mitigation initiatives — have received funding from Putrajaya.
It is indeed a busy time for the state, as upgrading infrastructure works are being undertaken to meet its present and future needs.
3 weeks ago
Silicon Island (Penang state gov own 30% stake), spanning more than 2,300 acres of reclaimed land off the southern coast of Penang Island, will be a new job centre, where 30% of the available development land will be turned into industrial zones; 40% for infrastructure; and the rest for housing, mixed development and commercial purposes.
“And maybe a new administrative centre as well,” he adds.
It has been reported that the first factory on Silicon Island is projected to begin construction in 2026 and expected to be operational by 2027.
Remark: Silicon Island will see the construction of the high-technology industrial park, Green Tech Park (GTP); global business services and software hub (or GBS Campus); commercial development; housing, as well as green recreational areas which are expected to generate a gross domestic product of RM1.1 trillion, investment of RM74.7 billion and 220,000 employment opportunities.
3 weeks ago
GEORGE TOWN: Expansion works on Penang International Airport (PIA) have begun, with the RM1.5bil project split into three packages to be completed by 2028.
https://www.thestar.com.my/news/nation/2024/10/16/rm15bil-penang-airport-upgrade-works-begin
2 weeks ago
PBAPP - Pembukaan Rasmi Modul Pakej 12A
https://www.youtube.com/watch?v=8-ob5I73QAs
2 weeks ago
Based on EPS 60sen, fair valuation PE 10x, target price RM 6, upside potential > 100%
2 weeks ago
GEORGE TOWN: Penang has given two thumbs up to the announcement of the implementation of the Juru- Sungai Dua Elevated Highway project presented in the 2025 Budget by Prime Minister Datuk Seri Anwar Ibrahim today.
"The Prime Minister's announcement regarding this project is highly welcomed. We hope its implementation can be expedited due to its urgent necessity," said Chief Minister Chow Kon Yeow.
The RM1.8 billion Juru-Sungai Dua Elevated Highway was one of the key projects that Penang submitted to Putrajaya.
Additionally, he expressed appreciation for the announcement of a new Urban Transformation Centre (UTC) in the Seberang Prai area, which he said would enhance the quality of public services at UTC @ Komtar
Regarding the development agenda for wakaf land by federal agencies, Chow said that the state government supported UDA Holdings Berhad's initiatives, as they aligned with requests from various parties, including NGOs, to redevelop Malay settlements and increase property holdings, particularly on the island.
Furthermore, he said the budget had announced several other federal project implementations specifically for Penang, including the raw water supply project from the Perak River for water supply in northern Perak and Penang, the Penang Light Rail Transit (LRT), the expansion of Penang International Airport (PIA) and the Batu Kawan Industrial Park 3.
All these projects are expected to contribute significantly to the state's overall development. Therefore, I hope their implementation will be expedited and adhere to the proposed timelines," he said.
On the education front, Chow said Universiti Sains Malaysia (USM) was pursuing AI semiconductors in line with Malaysia's status as a global semiconductor hub, enhancing collaborations with companies like Intel and Infineon.
2 weeks ago
Amphenol opens new facility in Penang
KUALA LUMPUR — Amphenol DC Electronics Malaysia Sdn Bhd, a global provider of engineering, design, and manufacturing services, has opened its new 70,000 square feet (sq ft) facility in Penang, with the potential for an additional 60,000 sq ft in the second phase.
In a statement today, the Malaysian Investment Development Authority (MIDA) said this expansion significantly increases Amphenol’s footprint in the region to over 130,000 sq ft, demonstrating its commitment to growth and innovation in Malaysia while greatly enhancing its capacity and capabilities.
MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the company’s decision to establish a presence in the country underscores Malaysia’s strong reputation in the global electrical and electronics industry...
1 week ago
i guess general index not so nice so far. price was below MA50 in general index. in overall bullish still intact however still under correction as MA200 is still rising. its better to stay in cash unless plan for investment for long term period.
1 week ago
hng33
KUALA LUMPUR (Sept 20): PBA Holdings Bhd (KL:PBA) said the group is undertaking three major pipeline projects in Penang, scheduled for completion in 2025 or 2026 at a total cost of RM189 million.
These pipelines will allow the group's subsidiary and Penang's water supply operator, Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP), to pump more water at higher pressures from the Sungai Dua water treatment plant, said PBA Holdings CEO Datuk K Pathmanathan
1 month ago