Bursa Alert
Global Market
NewsStock With Momentum: PBA Holdings
Page 1 of 1
Stock With Momentum: PBA Holdings
by Cals Wed 30 Dec 2015, 18:00
Stock With Momentum: PBA Holdings
By Asia Analytica / The Edge Financial Daily | December 30, 2015 : 10:27 AM MYTThis article first appeared in The Edge Financial Daily, on December 30, 2015.
[size=16]PBA Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.20, Fundamental: 1.50)(-ve)
PENANG’s water operator PBA (Fundamental: 1.5/3, Valuation: 2.2/3) triggered our momentum algorithm yesterday, closing 5.4% higher at RM1.36 on heavy volume. There was no significant development recently save for quarterly results announcement on November 27.
For 3Q2015, net profit surged 53.7% y-y to RM13.1 million on the back of a 26.4% growth in revenue to RM82.4 million, mainly due to the review in water tariffs with effect from April 1 for domestic and trade consumers.
Concurrently, the company declared an interim dividend of 1.75 sen, which went “ex” on December 16. Dividend was consistently 3.75 sen over the past 3 years, translating into a 2.8% yield.
Penang State Secretary and Penang Development Corporation own 55% and 10% equity interests in the company, respectively. PBA also has a 26% stake in Pinang Water Ltd, which supplies treated water to Yichun City in China, though profit contribution from the associate company is immaterial.
[You must be registered and logged in to see this image.]
[/size]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Stock With Momentum: C.I. Holdings
» Stock With Momentum: WTK Holdings
» Stock With Momentum: Ta Ann Holdings
» Stock With Momentum: UMS Holdings
» Stock With Momentum: NCB Holdings
» Stock With Momentum: WTK Holdings
» Stock With Momentum: Ta Ann Holdings
» Stock With Momentum: UMS Holdings
» Stock With Momentum: NCB Holdings
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum