PERAK TRANSIT BERHAD (0186.KL)
- Sector
- Consumer Products & Services
- Price
- RM 0.160 (0.00%)
- Market cap
- 197.6M MYR
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About PERAK TRANSIT BERHAD
Company Description
Perak Transit Berhad (Ptrans) operates in the transportation sector, primarily focusing on integrated public transportation terminal operations (IPTT) in Perak, Malaysia. The company owns and operates three gazetted purpose-built bus terminals: Terminal Meru Raya, Terminal Kampar Putra Sentral, and Terminal Bidor Sentral. It also operates stage bus services, petrol stations, and manages advertising and promotional areas within its terminals.
Business Model
Ptrans operates under a concession-based model, securing long-term agreements (such as 30-year concessions) to manage bus terminals, often utilizing an asset-light approach for third-party projects. The company generates recurring revenue through rental income from retail shops and kiosks, project facilitation fees from express bus operators, advertising income from event operators, petrol station sales, and bus operations. This model provides high EBITDA margins and stable cash flows.
Revenue Segment
For FY2025, total revenue of RM196.2 million was segmented into Terminal operations at RM137.0 million (69.8%), Petrol station and ADO at RM30.9 million (15.7%), and Bus operations at RM28.3 million (14.4%).
Top Client
No specific named key clients were mentioned; the reports refer to two major event operator tenants and express bus operators.
Operational Scale
Ptrans operates 3 gazetted purpose-built bus terminals with occupancy rates as of Sep-25: Terminal Meru Raya (83%), Terminal Kampar Putra Sentral (75%), and Terminal Bidor Sentral (68%). The group drew down RM1 billion from a RM1.5 billion Sukuk Wakalah program, with FY25 cash at RM927 million. Future capacity targets include Terminal Tronoh Sentral (operations expected 2027) and Terminal Seri Iskandar Sentral (operations expected 2H28).