RANHILL UTILITIES BERHAD

KLSE (MYR): RANHILL (5272)

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Last Price

0.505

Today's Change

+0.005 (1.00%)

Day's Change

0.495 - 0.505

Trading Volume

138,800

Overview

Market Cap

654 Million

NOSH

1,296 Million

Avg Volume (4 weeks)

206,500

4 Weeks Range

0.495 - 0.52

4 Weeks Price Volatility (%)

40.00%

52 Weeks Range

0.485 - 0.795

52 Weeks Price Volatility (%)

6.45%

Previous Close

0.505

Open

0.50

Bid

0.50 x 15,500

Ask

0.505 x 42,900

Day's Range

0.495 - 0.505

Trading Volume

138,800

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2021 [#4] | 25-Feb-2022

Next QR | Est. Ann. Date

31-Mar-2022 | 28-May-2022

T4Q P/E | EY

21.40 | 4.67%

T4Q DY | Payout %

4.08% | 87.51%

T4Q NAPS | P/NAPS

0.59 | 0.86

T4Q NP Margin | ROE

4.32% | 4.00%

Market Buzz
Company Profile

Sector: UTILITIES

Sector: UTILITIES

Subsector: GAS, WATER & MULTI-UTILITIES

Subsector: GAS, WATER & MULTI-UTILITIES

Description:

Ranhill Holdings Bhd is a conglomerate operating in environment and power sectors. The company?s services include water supply services providing source-to-tap water in Johor, Water and wastewater treatment providing water and industrial wastewater treatment technologies, and Non-Revenue Water management and reduction programmes; and owns and operates two 190 MW plants in Sabah, Ranhill Power I and Ranhill Power II. The company?s segments include Environment sector providing water supply services, specialized services in the management and optimisation of water utility assets, and operation of water and wastewater treatment plants; Power sector, owns and operates two 190MV combined cycle gas turbine power plants in Sabah; and Other segment providing management services to subsidiaries.

Discussions
6 people like this. Showing 50 of 2,406 comments

TronPuzzle

Thanks! Gkent2000

2022-01-17 13:59

winsenlim68

This company indeed is for long term. The downtrend in share price should be mainly due to slower revision in tariff rate and lower profit for the past few year

2022-01-19 10:23

winsenlim68

Their cash flow remains healthy, so I think their dividend should remain good. But i hope the management would give out cash dividend instead

2022-01-19 10:25

winsenlim68

Actually, another potential catalyst could be the remaining project from the Rasau Water. Hopefully they will atleast get win a project given their latest acquisition.. they should have the technical expertise...

2022-01-19 10:28

Swen11

My target price is reaching soon.

2022-01-19 16:34

BigZakar

i will buy if dip below 50 cents

2022-01-20 08:21

Swen11

Emm. It is for sure it will be below 50 cents but I suggest enter at 42 cents and sell at 46 cents. Keep = gg. Don’t trust this counter in long term. For those who keep saying this counter is for long term, from rm1 until 0.05 still blindly say for long term. No eyes see. Hahaha.

2022-01-20 09:29

Scylla

Drop back to 0.2 all ppl will panic sell

2022-01-21 11:13

NatsukoMishima

Ok lah still can get share dividend during this difficult time !

2022-02-01 14:54

Swen11

Still Ok la? Salute!!! Hahaha.

2022-02-07 16:52

winsenlim68

https://klse.i3investor.com/blogs/Ranhill6/

Long term investors need to hold tight! i believe in their energy business

2022-02-08 10:58

Awence

Feel like adding more shares, is this still the good time now? Have Ranhill met their target amount of buyback yet?Thanks

2022-02-10 07:55

khairibin44

Recovery in utilities demand. Malaysia is progressing well into Phase 4 of National Recovery Plan (NRP), as national vaccination rate has hit an advanced stage while number of new Covid-19 cases remains under control. Demand for utilities, i.e. electricity and gas, are expected to continue its recovery trend into 2022 in tandem with the economic reopening. Furthermore, national borders are expected to be relaxed in 2022, with vaccinated travel lane (VTL) with a number of countries.

http://www.hlgs.hongleong.com.my/published/article/sZfDhuCScasA801njvo...

2022-02-10 16:25

Awence

Jadi orang tak tutup pili air? Khaiiribin44?

2022-02-15 15:11

winsenlim68

https://www.youtube.com/watch?v=t9p1bS1ThwY&ab_channel=RealLifeLor...

Why Indonesia is Moving Their Capital City

2022-02-16 21:42

NatsukoMishima

This stock will hit 1.30 after GE !

2022-02-16 22:30

Tesla

politic link company, won't fly anymore unless Unmo come back in power. waste time. drop to 20 cent soon.

2022-02-17 14:05

winsenlim68

https://www.theedgemarkets.com/article/bursa-chairman-companies-ignore...

Companies that choose to ignore sustainability/environmental, social and governance (ESG) considerations in their business will not be sustainable as they will be deprived of both equity and debt financing to fund their projects.

According to Bursa Malaysia chairman, Tan Sri Abdul Wahid Omar (pictured), these companies will have to pay a higher insurance premium to underwrite some of their risks and will have difficulty in recruiting talents to drive their business.

Thankfully Ranhill business nature revolves around ESG

2022-02-20 23:29

NatsukoMishima

This is no.1 recovery stock !

2022-02-21 22:54

gkent2000

Tesla : politic link company, won't fly anymore unless Unmo come back in power.
_____________________________
Just like my name

2022-02-23 11:52

kysiow

Who can explian why this company net profit increase, but net profit to ordinary share holders become lesser and lesser? They paid the most of the profit to who?

2 months ago

Sslee

Previously if 80 % subsidary Ranhill SAJ (johor water treatment and suply) NP 20 million the NP to SH will be 16 million and 4 million to non controlling interest.

So Q4 result if NP of 16 million to non controlling interest is from SAJ then SAJ must has make NP of 80 million and NP to SH should be 64 million

So I really cannot understand why Q4 NP 22 million but NP to SH only 5.7 million.

2 months ago

Sslee

Or one possibility is wholly owned companies make a loss of 58 million.
Hence NP (80-58)=22 million NP to non controlling interest 16 million. Hence NP to SH balance (22-16)= 6 million.

Note:
Ranhill SAJ 8O% holding
Ranhil powertron I 60% holding
Ranhil powertron II 80% holding

The question which wholly owned companies made a loss of 58 million?

2 months ago

kysiow

So who can ask ranhill this question, why non controlling interest can get more profit than ordinary share holders?How they calculated it?

2 months ago

Sslee

Already send questions to Ranhill IR. Waiting for the reply.

2 months ago

Swen11

Been waiting 0.042 for a month, should be coming soon. Grab it at 0.42 and sell it at 0.48. Easy money 15%.

2 months ago

Sslee

Dear Ranhill IR Mr. Choo Chee Keen
ir.info@ranhill.com.my

My name is Lee Soon Sheng. I am a shareholder of Ranhill and would like to seek an answerp from Ranhill’s BOD/Management of the following.
I refer to Ranhill quarterly financial report:
Q1: Net Profit; RM 13,069,000: Net profit to shareholder: RM 7,298,000 (55.84%)
Q2: Net Profit; RM 13,091,000: Net profit to shareholder: RM 9,051,000 (69.14%)
Q3: Net Profit; RM 17,941,000: Net profit to shareholder: RM 8,521,000 (47.49%)
Q4: Net Profit; RM 21,995,000: Net profit to shareholder: RM 5,710,000 (25.96%)

The Net profit to shareholder is deteriorating
My Question:
Q4 Net profit to non-controlling interests: RM 16,285,000.
If assume the non-controlling interest are Ranhill 80% subsidiary companies that men NP of these subsidiary company is RM 81,425,000 and NP to Ranhil is RM 65,140,000
Since the NP of the group is RM 21,995,000 hence some wholly owned companies of Ranhill is making loss of (81,425,000 – 21,995, 000) = (RM 59,430,000) thus NP to shareholder (65,140,000-59,430,000) = RM 5,710,000
Question 1: Which wholly owned companies make a loss of RM 59,430,000 in Q4?
Question 2: What are Ranhill management actions moving forward to reduce loss of these wholly owned companies?

Thank you
Your prompt reply will be appreciated.

Best Regards
Lee Soon Sheng

Dear Lee Soon Sheng,

First of all, thank you for your continuous support to Ranhill as a shareholder and for taking the time to write to us.

Secondly, pertaining your inquiries, kindly find below our responses:

Q1: Which wholly owned companies make a loss of RM59,430,000 in Q4?
A1: The low Profit After Tax And Non Controlling Interests (PATANCI) & high percentage of Non Controlling Interests (NCI) for Q4 & YTD were due to HQ overhead (Q4: RM13.7m, YTD: RM28.1m) and Corporate sukuk interest expenses (Q4: RM9.2m, YTD: RM36.3m) which was not shared by NCI. The NCI of RM35.5m consists of profits to NCI from Ranhill SAJ, Power division subsidiaries and Ranhill Worley Sdn Bhd whilst our shares will be approximately RM94+m (from similar subsidiaries) for the year deducting the Corporate sukuk interest (RM36m) & HQ expenses (RM28m), resulting in a PATANCI of approximately RM30m.

Q2: What are Ranhill management actions moving forward to reduce loss of these wholly owned companies?
A2: Ranhill Management has been constantly initiating cost control measures to reduce cost across the group whilst exploring expansion opportunities to improve profitability.

We hope we addressed your concern accordingly.

Warm regards,
Investor Relations
Ranhill Utilities Berhad

2 months ago

Sslee

Dear Ranhill IR Mr. Choo Chee Keen
ir.info@ranhill.com.my

Thank you for your prompt reply. May I ask further what the equity holding % is of?
If I am not mistaken Ranhill SAJ is 80% subsidiary, Power division is also 80% subsidiary and Worley Sdn Bhd I am not sure of % holding.

Hence if we assume 80% equity holding and with NCI net profit of RM 35.5 million then the net profit of these subsidiary companies is RM (35.5/0.2) = RM 177.5 million and 80% Ranhill shares of net profit will be RM 142 million and not RM94+ as stated.

Your clarification will be appreciated.

Thank you

Best Regards
Lee Soon Sheng

Dear Lee Soon Sheng,

Thank you for your follow-up inquiry. We shall provide the necessary response in due course.

Kind regards,
Investor Relations
Ranhill Utilities Berhad

2 months ago

winsenlim68

very good question sslee. Hopefully the management would revert again soon

2 months ago

infoSeek

also agreed - aligned well around ESG. & noticed that its , NCI / Total Equity, is the lowest in the most recent 2 Qtrs, around 20%, which are the lowest compared to the last 20 Qtrs data , around >20% - <30% . ???? stop accumulating for now ... ???
tq in advance for great info

2 months ago

James Yeo

“Ranhill Utilities via subsidiary, Ranhill Water Services (RWS), had accepted a letter of acceptance from Pengurusan Aset Air Berhad (PAAB). We believe the contract awarded worth MYR61.5m, with works to be undertaken from 29 Mar 2022 to 28 Mar 2024, will contribute positively to overall earnings.

Read more: https://www.smallcapasia.com/my-7-interesting-stock-ideas-for-march/

2 months ago

Sslee

Dear Lee Soon Sheng,

As requested, the breakdown details of our equity holding as follows:

Ranhill Power I 60%

Ranhill Power II 80%

Ranhill Powe O&M I 60%

Ranhill Powe O&M II 80%

Ranhill SAJ 80%

Ranhill Bumi Persada 70%

Ranhill Worley Sdn Bhd 51%


Hope this clarifies. Thank you kindly.



Warm regards,

Investor Relations

Ranhill Utilities Berhad

2 months ago

winsenlim68

So what was your conclusion sslee? kind to share your thoughts?

2 months ago

winsenlim68

https://www.nst.com.my/news/nation/2022/03/782212/sabah-needs-more-fun...

this may pose another potential for the company

2 months ago

gkent2000

Rainhill is undervalued ?

1 month ago

gkent2000

Is this the best time start to pick up ?

1 month ago

Sslee

Sorry for the late reply @winsenlim68 as I just saw your comment.
I already pare down my holding in Ranhill and move to plantation stocks that give good dividend.

1 month ago

winsenlim68

https://klse.i3investor.com/blogs/Ranhill7/
Just wrote another piece on the company. HODL!!!!!

1 month ago

winsenlim68

Thanks Sslee for your reply. I think I'll still keep for now

1 month ago

winsenlim68

https://www.thestar.com.my/business/business-news/2022/04/06/moody039s...

With the reopening of international borders, the influx of tourists would provide some boost in terms of consumption

1 month ago

winsenlim68

As oil price remain elevated, I believe this would present opportunities for Ranhill engineering segment. Upstream increases capex which also means more works/maintenance jobs

1 month ago

firehawk

First of all, thank Sslee for his afford writing to the co.

Q1: Net Profit; RM 13,069,000: Net profit to shareholder: RM 7,298,000 (55.84%)
Q2: Net Profit; RM 13,091,000: Net profit to shareholder: RM 9,051,000 (69.14%)
Q3: Net Profit; RM 17,941,000: Net profit to shareholder: RM 8,521,000 (47.49%)
Q4: Net Profit; RM 21,995,000: Net profit to shareholder: RM 5,710,000 (25.96%)

HQ overhead (Q4: RM13.7m, YTD: RM28.1m) and
Corporate sukuk interest expenses (Q4: RM9.2m, YTD: RM36.3m)

Analysis,
HQ overhead, Q4: RM13.7m, the other 3Q= 28.1m-13.7 = 14.4m (Avg = 4.8m per Q, however, from the NP and NP to shareholder, is believed that Q3 weighted heavier than the first 2Q. HQ overhead jumped drastically in Q3 and Q4.)

In short, for Q4, HQ overhead + interest expenses = 22.9m, while the profit attributed to shareholder merely 5.71m (1.356% over revenue 421.1m)

1 month ago

firehawk

From Q4 report,
The profit attributable to ordinary equity holder of the parent for the current quarter decreased by RM2.8 million from a profit of RM8.5 million in quarter 3 FY2021 to a profit of RM5.7 million mainly due to donation and corporate social responsibility works of approximately RM1.5m million and stamp duties of RM0.5 million.

1 month ago

infoSeek

rgds to the above info. seems ok .

Full year 2021 vs 2020 -
Revenue up by 3.65% ;
Net Worth up by 66.28% ;
Share Dilution up by 20.78%

hope the recent acquisition starting to bear fruit ...

stock price now = ~$0.50
for 2021 ( DPS 2.24 cents ) Dividend Return ~4.4%
for 2020 ( DPS 3.95 cents ) Dividend Return ~7.7%
for 2019 ( DPS 5.00 cents ) Dividend Return ~10%

data from i3investor

3 weeks ago

winsenlim68

https://klse.i3investor.com/blogs/Ranhill8/

Like any other recovery play, I trust Ranhill may still have some catalyst up their sleeve

2 weeks ago

gkent2000

Walao... Too much discount....

2 weeks ago

winsenlim68

https://www.freemalaysiatoday.com/category/nation/2022/04/07/health-mi...

Have to keep a look out on this, might potentially another rerating catalyst for Ranhill

2 weeks ago

gkent2000

Interesting article. Thanks for sharing

2 weeks ago

winsenlim68

https://www.thejakartapost.com/news/2020/06/02/djuanda-project-to-prov...

If I remember correctly, Ranhill had a collaboration on this. Anyone have any new updates on this? Hope Ranhill can get the job from it

1 day ago

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