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On Sunday (17.3.2024), water consumption in Penang was estimated to have reached a high of 927 million litres per day (MLD) as compared to the daily average of 877 MLD recorded in 2023.
This represents a sudden 50 MLD surge in water consumption year-on-year.
I'm still holding and will continue to hold. Such a good stock. See i3investor forum comments to understand. Even dragon328 says it's good and has so much upside still
If the market values PBA at a reasonable 10x PE on RM150m earnings, we're looking at RM4.50.
Warren Buffett and Charlie Munger always tried to buy companies that have monopoly-like status. Ideally an unregulated toll bridge.
PBA's issue of low water tariffs has now been resolved, and water tariffs can now be increased every 3 years. The new tariff rate adjustment also requires water consumers to pay the Imbalance Cost Pass-Through (ICPT) rates; for Penang it will be +7 sen for every cubic metre of water consumption for now. So the new effective 'water' tariff rates are actually higher.
