$PBA (5041.MY)$ If the market values PBA at a reasonable 10x PE on RM150 million earnings, we're looking at a share price of RM4.50.
Warren Buffett and Charlie Munger have always sought to invest in companies with monopoly-like status, like PBA.
PBA's long-standing issue of low water tariffs has now been resolved, allowing for potential tariff increases every three years.
Three decades of pent-up earnings are now being unleashed, paving the way for superior earnings growth going forward.