SUPER B's comment on PTRANS. All Comments

SUPER B
3 Like · Reply
马年到, 好运马上到。祝我马到功成, 飞马奔腾, 有伯乐相马的本领。希望Ptrans助我一把, 马不停蹄地往北跃马扬鞭。小弟愿意鞍前马后追随着冲, 立下汗马功劳。
SUPER B
巴士站管理&收租:Meruraya, Kampar Putra, Bidor, Sri Iskandar, Tronoh
巴士站管理:Tanjong Malim, Kuantan, Alor Star, Perlis
巴士:177辆
油站:几间 (抵抗油价浮动)

纯属分享~
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Like · 3 weeks · translate
SUPER B
Current total liabilities: RM159m
Current FD & cash: RM261m
*safe within 1 year

Non-current total liabilities: RM710m
Non-current total asset: RM1380m
*need to observe the change after 1 year

Trade receivables: RM67m
*need to observe the change from the next quarter report

Just my opinion.
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2 Like · 3 weeks · translate
Kar Kay Low
耐心地等待QR,过年一起发发发XD
1 Like · 2 weeks · translate
Andrew Ho
QR要等新年假期后了
Like · 2 weeks · translate
Kar Kay Low
那我新年后再回来看看,这里先恭祝大家新年快乐,万事如意
Like · 2 weeks · translate
SUPER B
Next QR Date will be around 19/02/26. Let's see what happens.
1 Like · 6 days · translate
SUPER B
行业:公共交通与交通枢纽运营
业务:Integrated Public Transport Terminals, Terminal Management Contract, Bus Operations etc.
门槛:公共交通基础设施的长期特许经营
優點:高入门门槛, 需要政府批准, 合约周期长, 现金流稳定
缺点:
1. 区域性强、扩张慢
2. 收息族嫌它 dividend 不够, 成长派嫌它成长太慢
3. 规模小 + 流动性低 = 基金直接跳过
4. 管理层不爱讲故事

纯属我的分析。
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1 Like · 5 days · translate
SUPER B
为什么偶尔人流不多, 还是有租户。
1. 租客要的是对的人 (吃, 喝, 等, 用)
固定通勤族(每天同一时间出现)
长途乘客(停留时间长)
司机 / 站务 / 工作人员
2. 租金低 + 成本可控 = 小商家愿意赌 (租金比mall低)
3. 很多租客不是“靠人流”,而是靠“功能性”
餐饮, 便利店, 旅行社 / 巴士售票, 快递、手机维修、打印
4. 终站必须有人来做这个功能

终站商业“不会爆赚”, 但也“很难全空”。

纯属我的看法。
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1 Like · Yesterday · translate
SUPER B
大学呢, 不是每个人家里都会买车给孩子的。
Kampar: Utar Kampar, TAR UMT
Meruraya: UPSI, MSU, KPTM
Sri Iskandar: UiTM, UTP, Kolej MARA
Tanjung Malim: UPSI, OUM
Kuantan: TAR UMT, Widad, Kolej MARA
Alor Star: PolyTech MARA, Kolej Tentera Udara, IPDA Guru, Nursing College
Perlis: UNIMAP
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1 Like · Yesterday · translate
cheng
fairly priced at 250/255 by Mr. Market considering the high capitalisation rate. More terminals more sukuk needed more capitalisation and share price continues to be fairly priced until real earnings with low capitalisation rate.
Like · 23 hours · translate
Kar Kay Low
Not fair at all, Without Borrowing cost capitalised = No more New terminal was build and nothing will Grow in Future. Without Any Capitalisation = P/E Ratio paid by Market should be ZERO not even 3 of the respective Earning in the current market. More terminals = more grow in future.
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Like · 20 hours · translate
cheng
Lol, you can channel your perspectives to mgmt directly in AGM, kkl. My personal opinion - without capitalisation / low capitalisation comparatively to the industry (probably <15%) = real earnings which is not inflated as interest expense will be higher. As for Mr. Market, it is always right and standard response from any mgmt with regards to share price will be - they have no control over market force :) The boss was selling aggressively until the big drop on 22nd Oct and then company announcement issued on the same day - The Board of Directors of PTRANS (“the Board”) wishes to address the recent drastic drop in the Company’s share price. The Board is not aware of any possible explanation to account for the trading activity.
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Like · 19 hours · translate
Kar Kay Low
Lol, you also can channel your perspectives to mgmt directly in AGM,cheng. My personal opinion - PTRANS is Capital intensive company and there is no comparatively can found in industry due to non-similar industry was comparable and real earning which always focus on the future cash inflow. As for Mr. Market, if it is always right it wont have any economic bubble or crash or economic depression in this world. The dramatic drop of the selling share is due to biggest shareholder personnel financial allocation problem which trigger Margin Call and it's does not show the Fundamental of the Company and the daily operation could be affected.
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Like · 19 hours · translate
cheng
From chatgpt responses to mimicking other's response. Haha. No wonder you are being called out for spamming in a separate thread which has been deleted.
Like · 19 hours · translate
Kar Kay Low
Wow logic fail then call is chatgpt response… your logic so strong, starting learn from other to attack personal.
1 Like · 19 hours · translate
cheng
feedback is a gift and you can see your own comments on every single thread in Ptrans, kkl. Its either your way or the highway? Lol, no pun intended.
Like · 44 minutes · translate
Daniel
That’s the beauty of stock markets. Absolutely no certainties and comments are merely exchange of information. We can always agree to disagree. Cheng’s information input has always been consistently good.
Like · 34 minutes · translate