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This water utility company is a hidden gem.

P/E trades at 6.4x, EV/EBITDA at 3.0x, net cash position.

Margin is healthy and growing for the last few reportings.

Cheap company for a non-cyclical stock!  Cool Cool
Recent floods should help the revenue (people need to clean)..

However, there seems some pressure from government to put discount on water? 

https://www.nst.com.my/news/nation/2017/...od-victims
Is this company a public company or a government-owned company? Might as well call donation from public not from government.

https://www.thestar.com.my/metro/metro-n...-two-mont/
all this is one-off only.. should collect while cheap..

[vested]
Will PBA pay or the government to pay PBA for the discount?   Huh
water surcharge to increase in penang.. this is more long term than the discount..

https://www.thestar.com.my/news/nation/2...-year-end/
https://sg.news.yahoo.com/putrajaya-dete...00172.html

'PBAPP first submitted its application for the review to SPAN on April 28 this year and since then has submitted five other applications with the latest dated November 20.'

it will come sooner or later..
PBAHB wishes to announce that PBAPP has on 12 December 2017 received a letter from the State Government of Penang, approving its application to reduce the Water Intake Fee from the rate of 6 sen per cu.m to 3 sen per cu.m based on the annual actual production volume for year 2018 only (“Proposed Reduction”). The State Government of Penang reserves the right to review the Water Intake Fee in year 2019 to determine such fee for the next 3 years

http://www.bursamalaysia.com/market/list...ts/5636057

cost is lower for next year Cool
another flood in Penang.. need more water to clean..

http://www.straitstimes.com/asia/se-asia...third-time
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