PBA share price up on news Penang plans water tariff hike

PETALING JAYA: Penang state water operator PBA Holdings Bhd’s share price surged to its intra-day high of RM1.39 yesterday, following news that the state government was mulling a water tariff hike in the state to curb rising demand.

PBA was one of the top gainers yesterday, closing 18 sen higher to RM1.36, its highest since 2007. It was actively traded, with 7.1 million shares being done.