KLSE (MYR): PBA (5041)
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0.80 - 0.80
Avg Volume (4 weeks)
4 Weeks Range
0.79 - 0.85
4 Weeks Price Volatility (%)
52 Weeks Range
0.70 - 0.85
52 Weeks Price Volatility (%)
0.795 x 5,000
0.815 x 3,800
0.80 - 0.80
Latest Quarter | Ann. Date
31-Mar-2023 [#1] | 06-Jun-2023
Next QR | Est. Ann. Date
30-Jun-2023 | 24-Aug-2023
T4Q P/E | EY
5.51 | 18.15%
T4Q DY | Payout %
3.75% | 20.64%
T4Q NAPS | P/NAPS
2.79 | 0.29
T4Q NP Margin | ROE
14.41% | 5.20%
Subsector: GAS, WATER & MULTI-UTILITIES
Subsector: GAS, WATER & MULTI-UTILITIES
PBA Holdings Bhd is an investment holding company. The company through its subsidiaries is engaged in the abstraction of raw water, treatment of water, and supply and sale of treated water to consumers in the State of Penang. It operates geographically in Malaysia. Its subsidiaries are engaged in the abstraction of raw water, treatment of water, supply and sale of treated water to consumers.
soon will climb RM2.00 TP
not sure why people dont get this
Anyone know the status of Raw Water transfer from Perak to Penang? Has it been approved? Will PBA gain from this?
Get ready for the RUN... price run ;)
KUALA LUMPUR (Oct 10): A water tariff setting mechanism (TSM) is expected to be implemented next year following the Cabinet's approval, said Water, Land and Natural Resources Deputy Minister Tengku Zulpuri Shah Raja Puji.
He said the proposed tariff increase would be minimal, between 0.06 sen and 0.71 sen per 1,000 litres, which is lower compared to other utility charges such as electricity, gas and telecommunications.
current water tariff in penang is 0.32. if it increases by 6 cent (lowest range increases), then it is 18.75% increase already!
Is year end now... is this going to postpone??
...this is a time bomb....when you least expect it the announcement will come...and it will kaboom!!!
result is affected by MFRS15, fundamentally stil looks ok. but it is obvious that the directors don't put effort to explain that.....
looks like a long term game
eh..pba when want increase water tariff penang ahhh.. must follow johor rate.
Its in good move slowly..but gd..
ppl waste too much water .. please increase water tariff ..haha
Penang water tariff is so low, half of the nationwide average only, new tariff should at least meet that level, than, all PBA shareholders will huat huat!!
PBA's main business segment is on providing water supply to Penang state consumers.
PBA's earning performance has been overall fluctuating in last five years, whereby its earning per share overall fluctuated from -31.25 sen to 18.66sen. PBA pays dividend consistently in the last five years, whereby dividend per share ranged from 3.5 to 4 sen per share. In FY2018, total dividend paid to shareholders was 4 sen per share, amounting to a dividend yield of 3.67%. Currently the P/E ratio is ~-3.49. In FY2018, PBA recorded a loss after tax of RM103.43 million due to the recognition of RM137.60 million in unabsorbed RA as a tax liability.
accounting treatment really messed up the number. cash flow from operation is still strong though
pba shud distribute the cash holding (as special div) to s/holders in this hard time. All glc's with large cash hoard shud do the same as this will really help the govt (the largest share holder).
A company run by a group of idiot... what can you expect?
Buy now... Cash rich company.
Lim guan eng no power leh
Cash is king
finally they increase water tariff for non domestic sector.
Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) will implement the new water tariff adjustments that have been gazetted for the non-domestic and special categories from Jan 1, after the Ministry of Environment and Water (KASA) gazetted the water tariff review on Aug 1.
Apart from non-domestic tariffs, tariff adjustments also involve special categories such as houses of worship/welfare, government premises, higher education institutions and shipping.
users in this category are expected to experience changes in their monthly water bills depending on their respective monthly water usage
he adjustment was based on the Tariff Setting Mechanism (TSM) developed by the National Water Service Commission (SPAN), which is a systematic, fair and transparent tariff setting mechanism, to ensure that the national water service industry achieves long-term sustainability.
additional funds obtained will be reinvested to fund capital expenditure (capex), especially for the PBAPP Raw Water Contingency Plan 2030 (RWCP 2030) project.
As the only water supply operator for Penang, he said this tariff adjustment is very important for PBAPP, so that the upgrading of the water supply infrastructure can be implemented to meet the demand for water supply of users in a sustainable manner.
RWCP 2030 has been planned in the period from 2022 to 2025, involving several projects including phase 2 of the Sungai Dua Water Treatment Plant (WTP) Sedimentation Tank Upgrade Project, Package 12A of the Sungai Dua WTP, the distribution pipe from the Sungai Dua WTP to Butterworth, and the distribution pipe from Macallum to Bukit Dumbar
PBAPP advises users to use water resources wisely and to install water saving devices (WSD) in their respective premises, to reduce water consumption and ensure sustainability.
Time to relook into PBA now. With the increased tariff for non domestic or commercial users drastically higher than the old rate from 1 Jan 2023, it will boost 40m-60m to PBA top line
Seems like lot of people not aware PBA has hike their water tariff
Market will surprise after the 1Q2023 result
@k3nthiew - wonder how do u get 40m - 60m figures ? As I know the tariff impact commercial which only contribute 30% of the revenue & the quarter revenue range 82m++. Appreciate your input if I overlook something else ??
k3nthiew estimation of 40 - 60 millions in revenue increase per year is correct. Per PBA-AR2021 page 101 of 256, trade consumption account for 36% in term of total water volume. Since the tariff for trade consumption is much higher than for domestic consumption, the actual revenue from trade consumption is much higher than half the total revenue of PBA. Taking the revenue of PBA for last 4 quarters of 340M, the revenue from trade consumption is higher than 170M (based on 50% of total revenue). Since the trade water tariff had increased by more than 25%, the increase in revenue will be 25% of 170M = 42.5M minimum. This figure is very conservative because these figure do not include the China mainland tourists which are expected to return in millions (per normal year) to Penang this year which will increase the trade water consumption very significantly.
@tigerboy - thanks for your kind sharing :)
@bfmklm Based on PBA average rev/a about 335m and commercial contribution about 36% of total rev, u can do some simple calculations comparing both old rate and new rate. My calculations in fact shown commercial users from 60-200m3 will get 63% bill increase. Rough calculation, (120m pa x 63% = 75.6m p.a), for not being too optimistic, therefore I only put 40-60m
My rough estimate on PBA 2023 earnings will be 20-25c eps.
@k3nthiew Per PBA-AR2021 page 101 of 256, trade consumption account for 36% in term of total water volume (not revenue). Your rough calculation, (RM120m pa x 63% = RM75.6m p.a) which is based on revenue is therefore incorrect.
Actually I am quite surprised that PBA trade volume increased to 293.9k units yesterday 31-1-2023 with gain of 2.5 cents. Some readers must be impressed by your rough estimate on PBA 2023 earning of 20-25c eps. :)
Thanks for your correction @ tigerboy. I did another calculation based on 2021 data which shown the total 87,691 trade consumers consumed total of 3,530 liters/day, which is 105.9m3 monthly. Based on this assumptions, trade consumers contributed 130m in revenue yearly to PBA which is slightly higher than earlier extimation
@tigerboy correct me if I'm wrong. Thanks
If assumptions on trade consumers above are right, than the new rate will boost PBA rev by about Rm82m p.a, which is higher than my earlier calculation.
For some buffer, I think Rm40-60m will be a safe extimation
@k3nthiew Your estimated increase in revenue of RM40M to RM60M yearly is correct on the safe side. :)
PBA is semi social in nature since the government is at peoples mercy. Raise rates and election time payback and opposition ready to pounce. Explains why Penang has lowest rates.
I think they have made mistake, should raise rates slowly bit-by-bit over few years. IMO people there simply waste a lot of water since it is so cheap.. witnessed many places especially passion to wash car at home and at hawker centers.
One way is to raise the rates but state government can provide some form of subsidy to slowly reduce over time. At least the disparity will not be so great.