eYuppiePanic petty traders were selling. Though so many shares sold but why there were people buying if the company is so bad?
eYuppieStrongly supported at 1.18. Malacca Securities is calling for BUY with TP 1.75. Right timing to Buy at Low and Sell at High as per Warren Buffett.
Im LengHuman society makes unceasing progress. People are keep improving. The past is the past. Let's see the show. Who are right.
ZooKeepaHuman progress, animals don't, at least not in your life time. Especially snakes. If you believe in sleeping with beast, buy lor. At least chong is buying as he needs to hide his tail. No choice. If believe in human, avoid animal intercourse. The old whore brokers got bitten and selling, new prey buying. That makes Zoo relevant. Nice show.
ZooKeepaBy the way, knowing animal instinct, the snake sure will dance for you to attract new prey. Faster buy else no new prey to feed the snake.
FakeNewsLook at all the fake promotion above, and Chong Ket Pen also shows his face everywhere. Spread news in brokerage and financial news, not even pump yet, already dump. Why?
Chong and Hadenan the sleeping brothers keep on buying Protasco shares. How come price still can goes down to 1.16? Already -10 cents. Cut or hold?
eYuppieAs long as it is supported at 1.18 (Support), we can look forward for a rebound. Today's formed a long legged doji at the bottom of the long black candle may signal for a bullish reversal. Buy at Support & Sell at High/Resistance.
ZooKeepaAfter breaking support 1.15, on Jan3-4 some broker churn and sell 1.12-1.14. Then pump and dump. Pump up 1.25 else no gap for speculation.
If company cooking good news means recent churning is to prepare for a pump before dump. The snake dance won't end so soon until music stop. Watch the show these few days.
eYuppieAgreed. Enter now at 1.18 before missed the ship!
saswordSo many ppl wan to get to one way voyage...
ZooKeepaCunning counter. Business ran by snakes. Either you bite or they will bite.
CPK999Looks like Ci Pok Kai worth commit crime and made up blame. Cunning? With money he can buy enough trouble to his enemy and burry truth. He got Protasco money, winner takes all.
siamdog f protasco without chong ket pen can be better? As far as I can see last 10 years, all chong ket pen investments all fails. Except Protasco survive on old boss time road concession, ah-neh no education also can maintain. 根据10年财务报道，富达protasco如果张吉平chong ket pen有三长两短没有什么影响。张吉平chong ket pen从来就是protasco的累赘，除了久老板的马路合约没读书的都会看管之外，其它张吉平chong ket pen经手的项目十赌十输。脸皮衰到全世界（叙利亚，非洲，印度，海南），输的是股东的钱。张吉平chong ket pen对公司和股东没有多大作用。 03/01/2017 13:55
HantuRasuah 虽然很喜欢他的高股息，但有张吉平Chong Ket Pen, Hadenan, Tan Yee Boon, Tan Heng Kui 这批问题董事在公司里搞鬼，还是暂时别碰，除非全被踢出董事局换批新人可能会廉政一些。公路维修合同不必天才管理，只怕贪心小人拖家带口吞吃公司。像张吉平这种，最好避而远之。 04/01/2017 00:44
CPK999Chong Ket Pen's Protasco cooking book result is out: 31 Dec 2016 vs 31 Dec 2015 Revenue 262.853m vs 471.557m (-44%) Profit 2.364m vs 20.535m (-85%) NTA 0.93 vs 1.12
Bank long term loan 500m Total liabilities 996m
Almost there. God bless.
FakeNewshttp://www.bernama.com.my/bernama/v8/bu/newsbusiness.php?id=1333144 Protasco's FY16 Pre-Tax Profit Declines To RM79.89 Mln KUALA LUMPUR, Feb 27 (Bernama) -- Protasco Bhd's pre-tax profit for financial year ended Dec 31, 2016 (FY16) fell to RM79.89 million from RM129.01 million in 2015.
Revenue declined to RM1.09 billion from RM1.31 billion previously.
In a filing to Bursa Malaysia today, the engineering firm said, the weaker performance was due to non-renewal of road maintenance contracts, fewer work orders on maintenance work and completion of property development projects
ContenderNon renewal of road maintenance contracts ? OMG .... bad, they are the specialist in road maintenance. Soon to test RM1.00 support level ... notice not many positive comments here.
Ckp99people only let you see what they want you to see. Protasco cosmatic very well. 0.8% net profit means any up or down, can swing between Positive and Negative.
saswordToo optimistic...this con counter should just be fuc ked off bursa...
CPK999Hei Ci Pok Kai up there copy me. 1% profit means 1billion revenue profit will be 10m whole year. P/E 10x means 100m value? Not so bad lah. Sure can collect money. If accident fails then hair cut 30% from ppa1m, quickly take back some better than nothing. That also cut off 30% value only. Unlikely.
CPK999Chong Ket Pen should be fired. Ever since he cheated shareholders of protasco and took control, protasco is fcked. He only knows how to put blame. Even when he is in full control.
ShortermCKP will buy all shares. 1.00 sure strong support.
nkk53used to be good div. yield stock yrs ago but things had changed a lot.Exit ....
ryan7642Tml technical bounce support by director n stand at 1.1?
ryan7642Tml technical bounce back n stand still above 1.1.1?
stockmanmycontractor comes home to roost. No margin at all.
analysts favorite 2016 but now analysts have to explain to customers.
28 February 2017 Kuala Lumpur - Road maintenance company Protasco Bhd revenue and profit plunge surprised the market on Monday Bursa Malaysia announcement, followed by Tuesday sell down from RM1.17 to RM1.03, or 14 cents drop. Intraday low touches RM1.00, or 15 cents away from 5 year historical support around RM0.85 not seen since 2012.
The quarterly result shocked the market especially after having bombarded with positive projections by local research houses coincidentally weeks before the result is published, market believed derived from Protasco Bhd management, seems artificially.
The repeated announcement on Protasco Bhd business prospect, together with interviews and advertorial published on business journals have caused many investors trapped at around RM1.20 before the plunge. In the short term, technical analysis may suggest 30% cut loss point would price the stock at RM0.84. Rebound would face resistance around RM1.10.
What worried the investors is the bizarre 88.5% profit drop, and less than 1% net profit margin which is now looks like freak show. The 97% PPA1M project completion looks promising, but the RM1 billion liabilities looks over committed.
investors would likely observe another quarter.
ryan7642Ok done buy yest n sold today for 6% technical play^^<3
MonkeyShowNot the worst yet. Ppa1m no guarantee and jib government no cash. Election coming need sponsor. When ppa1m no guarantee, money if can collect will be pay out bank and many other cost. Nothing left nevermind maybe negative. 10% contribution is 50 million Ringgit. Usual 30% sharing to contribution is 150 million Ringgit. Very soon will see the money in money out in March and June. Ask the accountant.
MonkeyShowChong still satey the news promoting false prospect. Here are some posibilities:
Concession. Replacement contract but siphoned half outside. Red flag.
Property development. Consumer after the property craz few years ago suddenly realise Kajang cannot sell suchh high price houses and students have plenty of choices. 115 million Ringgit should be depreciated and auction out starting at 30% discount. Potential 33.15 million Ringgit hole hidden. New project going to be like bad years in 2008-2011, start work also cannot, half way delay and no sales.
Ppa1m again is going to contribute 150 million ringgit cost out, if lucky 50 million ringgit discount. Worst case is argue and nego like the other developer ends up whole 500 million ringgit disputed. Phase 2 is gone. This is charity work. SUKE is 50% taken out, left single digit net margin and contractor has issue. Payment will be like Pan Borneo cannot sue government, sell asset and raise cash self funding. Sub contractors all knew and got stuck also, many as per company accountant demand cash payment.
Above wrap up 2017. Good quarter Mar 2017 and Jun 2017 will need to check where the cash flows. If everyone in ppa1m offer contribution to recover cash, is 30% the worst?
Now this is what management told brokers. Promitiin for a year share drop so much still promoting. 1.50 per share target price. What do you think?
Meanwhile, Protasco has clinched the maintenance work for agricultural roads in Perak state for a two year period for RM90.1 mln in February 2017. We expect the concession segment to remain well supported by an outstanding orderbook of approximately RM4.20 bln which will provide earnings visibility over the next ten years. We also note that Protasco is tendering for over RM1.0 bln worth of roadworks, including rural and municipal roads. .
Over at the property development segment, the unsold units amounting to RM115.0 mln will be recognised from 80 units of duplex for sale, which was converted from student hostels previously. Going forward, Protasco targets to launch three projects (two affordable housing projects and one commercial project) with a combined gross development value (GDV) of approximately RM880.0 mln in 2017.
We reckon that Protasco’s earnings growth in 2017 may remain subdued due to: (i) delay in projects execution for both PPA1M Phase 2 (waiting for the completion of land transfer from authorities) and SUKE projects (design and permit issues by Prolintas), and (ii) sluggish property market which saw no new launches in 2016 by the group. Nevertheless, the concession segment will recover from the renewal of two road projects, coupled with contribution from the newly secured agricultural roads maintenance contracts in Perak.
Valuation And Recommendation As the reported earnings came below our forecast, we trimmed our earnings estimates for 2017 and 2018 by 21.0% and 11.0% to RM42.6 mln and RM52.6 mln respectively, after adjusting our earnings forecast to account for higher finance cost arising from the higher borrowings, lower contribution from construction segment amid several project deferments and sluggish property development sales. Nevertheless, we maintain our BUY recommendation on Protasco, but with a lower target price RM1.50 (from RM1.75). We think at the current share price of RM1.17, Protasco’s PER valuations at 11.6x and 9.4x for 2017 and 2018 remains attractive vs. the construction industry average of 11.0x-13.0x. We also expect its earnings recovery to strengthen in 2018 as some of its delayed projects gets off the ground.
Our target price is derived by assigning and unchanged target PER of 11.0x to its revised 2017 construction earnings, a target PER of 8.0x unchanged) to its revised 2017 concession and engineering services’ earnings, while its education and trading earnings remain pegged at target PERs of 6.0x respectively due to their smaller scale businesses. Its property development division’s valuation remains unchanged at 0.6x of its BV.
Risks to our forecast and target price include failure to achieve the targeted construction orderbook replenishment amount, delay in project completion and failure or delay in concession contract renewals. Further tightening of monetary policies will also be unfavourable to its property development business.
Collect 500m, gear another 200m. Fill the hole. 100m discount to collect else no talk. 100m chong took. 100m for Parti A, 100m for Parti B, 100m for Parti C. If not cannot cover mouth. Balance to bank. Short fall eat yourself. If not delay forever. Close shop.
Someone keep selling down. Wonder which insider.
But to play up. Have to goreng up 1.20 to trap more nkk type. Time to buy if wants to feel shock.
nkk53Make money yrs ago while under Ckp managenent.No reason to lose this round.Those badly hurt,pl dun complain about sour grapes.Just be happy and carry on trading.In life,you gain and sometimes lose some.
Pimp62During tun daim time ckp makes money for his boss. Ckp was a good boy. After ckp took control price keep coming down, capital losses more than dividend. Ckp bad boy. Some people just have to be put in cage and watch from distance with a cane.
Pimp62Those got burn by ckp, buy average down and trade small profits whenever rebound. Else never gets to see the light. Dividend last 2 years just sour than lemon, gives 3 sen share price drop 10 sen after dividend.
saswordKeep buying sour grapes lah...no one going to stop u loh...
Actors and Chong was there, glory. Good show finished. Uob 400mil and term 50mil loan, plus interest 24 months 60mil. Total 510mil. After big show, collection 31 Mar 2017 should be 500m. If deduct 8% witholding, 460mil. No guarantee.
To collect before election also need cost, 30% maybe 150m. Cover corruption 50m later. Congrad on successful completed ppa1m. PaPaAbangOneMoney.