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Moya Holdings Asia
21-09-2017, 12:56 PM.
Post: #1
Moya Holdings Asia
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.

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Specuvestor: Asset - Business - Structure.
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24-09-2017, 12:25 AM.
Post: #2
RE: Moya Holdings Asia
Any value left in this counter?

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24-09-2017, 04:18 PM. (This post was last modified: 24-09-2017, 04:20 PM by CY09.)
Post: #3
RE: Moya Holdings Asia
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.


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24-09-2017, 08:59 PM.
Post: #4
RE: Moya Holdings Asia
(24-09-2017, 12:25 AM)stam Wrote: 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%.

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01-08-2018, 06:59 PM.
Post: #5
RE: Moya Holdings Asia
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

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Specuvestor: Asset - Business - Structure.
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12-09-2018, 08:00 PM.
Post: #6
RE: Moya Holdings Asia
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.

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Specuvestor: Asset - Business - Structure.
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