Moya Holdings Asia

[cyclone]

MOYA HOLDINGS: Q&A with investors after 1H2017 results

Written by Leong Chan Teik & Yong Jing Wen
Published: 21 September 2017

One event a year in the last three years led to the transformation of Singapore-listed Moya Holdings Asia into a very large water play  -- in fact, the No.1 private water play in Indonesia.

First, in 2015, the Salim Group -- through Tamaris Infrastructure -- took up a $29.3 million placement of shares.

In 2016, Salim Group subscribed for shares in a rights issue and bought from the open market. Its total stake was raised to 61.8%.

In 2017 (June), Moya acquired Acuatico for US$245.18 million.

Moya's business is simple: collect raw water, treat it, pipe it to consumers, bill them and collect payment.

More details in https://nextinsight.net/story-archive-ma...17-results

[stam]

Any value left in this counter?

[CY09]

Hi Stam,

While one may be curious of the intrinsic value of a company, it is good posting habit in this forum to pen your thoughts to the value proposition of the company through some reading up. We hope fellow members are able to do basic research on a topic/company, think about it, post their views while seeking the opinions of other members. This in a way adds value to the knowledge bank.

One liner questions without thoughts or fillers just to register a post is not appreciated in VB because the forum seeks to build up knowledge and fundamental analysis. On one or twice occasions is tolerable but to do it often is out of the norm.

Regards,
Moderator

[Retired@52]

Any value left in this counter?

I spoke to the MD, Mr. Irwan Dinata asking him about the potential increase of profits.
 
He told me that currently there are 2 types of leakages which took away 40% of the profits.
 
When some amount of leakages is plugged the profit that comes in is pure profit because the cost of production is already factored in.
 
Of the 2 types of leakages, the theft is easier to solve than the pipes leakage.
 
The company has appointed an European consulting firm to help on improving the Non-Revenue Water (NRW).
 
This firm has successfully helped Maynilad to reduce the NRW from 63% to 27%.

[cyclone]

Financial Results for Six-month Ended 30 June 2018 ("HY2018")

1. Revenue increased by S$60.3 million, from S$33.3 million in HY2017 to S$93.6 million in HY2018
2. Higher revenue and profitability mainly due to contribution from the Acuatico Group acquired in June 2017
3. The Acuatico Group has contributed S$73.0 million to the Group for HY2018, representing 78.0% of the Group’s total revenue
4. The Group’s gross profit increased by 252% when compared to HY2017
5. Gross profit margin improved by 25.1 percentage points from 36.0% for HY2017 to 45.1% HY2018
6. Net profit surge S$13.5 million in HY2018 compared to HY2017
7. As at 30 June 2018, the Group’s balance sheet remained healthy with cash reserves amounting to S$69.8 million
8. Successful completion of rights issue in July 2018 raised net proceeds of S$132.0 million to pare down debt and fuel business expansion
9. Group will continue to consolidate private water treatment players in Indonesia via mergers and acquisitions

More details in :
1. http://infopub.sgx.com/FileOpen/Moya_Hol...eID=518649
2. http://infopub.sgx.com/FileOpen/MHAL_Pre...eID=518650

[cyclone]

Winner of Tender to Build, Operate and Transfer A Water Supply System in West Semarang, Indonesia

Moya Holdings Asia Limited announced that the Company’s subsidiary, PT Aetra Air Jakarta ("AAJ"), together with its partner, PT Medco Gas Indonesia ("MGI"), have been awarded the Project (as described below) that has been put up for tender by Perusahaan Daerah Air Minum Tirta Modal ("PDAM"), the municipal water company of Semarang City, Central Java, Indonesia.

PDAM has around 165,000 customers and serves around 997,000 people or 61% of the population in Semarang City. MGI, a company principally engaged in gas trading and distribution in Indonesia, is a subsidiary of PT Medco Energi International Tbk, a company listed on Indonesia Stock Exchange and principally engaged in the business of oil and gas exploration and production.

For the purposes of the Project, AAJ and MGI will establish a new project company in Indonesia, whereby AAJ and MGI will own 75% and 25% interest in the Project Company respectively. The Project Company is expected to sign a cooperation agreement with PDAM by October 2018.

More details in http://infopub.sgx.com/FileOpen/Moya_Hol...eID=524988

[cyclone]

Announcement

The board of directors of Moya Holdings Asia Limited has noted the substantial increase in the Company’s trading volume and share price on 19 December 2019.

The Board wishes to state that the Group reviews and/or enters into discussions relating to new investment opportunities that may arise from time to time. In line with its expansion strategy to grow its business in the region, the Group is currently under negotiation for a potential acquisition of a company which is in a similar business as the Group. The Board would like to caution, however, that there is no assurance that any definitive or binding agreement will be reached or that any transaction will materialise from the aforementioned.

In the event there are any material developments, the Company will, in compliance with the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited, make an announcement at the appropriate time.