Highlights
KLSE: PRTASCO (5070)       PROTASCO BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
1.08   0.00 (0.00%)  1.08 - 1.08  174,000
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Overview

Market Cap: 459 Million
NOSH: 425 Million
Avg Volume (4 weeks):381,933
4 Weeks Range:1.04 - 1.09
4 Weeks Price Volatility (%):
80.00%
52 Weeks Range:0.95 - 1.64
52 Weeks Price Volatility (%):
18.84%
Average Price Target: 1.28
Price Target Upside/Downside: +0.20

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2017[#2]  |  25-Aug-2017
Next QR | Est. Ann. Date: 30-Sep-2017  |  24-Nov-2017
T4Q P/E | EY: 16.47  |  6.07%
T4Q DY | Payout %: 2.21%  |  36.39%
T4Q NAPS | P/NAPS: 0.9475  |  1.14
T4Q NP Margin | ROE: 3.86%  |  6.92%

Market Buzz

Date Type Subject
19-Oct-2017 Blog Protasco: Ex-board members discharged, Payback time? - Another Brick in the Wall

Headlines

Date Subject
19-Oct-2017 Protasco: Ex-board members discharged, Payback time? - Another Brick in the Wall
10-Oct-2017 Mplus Market Pulse - 10 Oct 2017
08-Oct-2017 RM31 billion forex loss scandal cover-up. Hadenan position in Protasco Bhd once again in question?
02-Oct-2017 Former Protasco director charged with RM 68 Million fraud (2) - M.A. Wind
27-Sep-2017 Protasco Bhd (5070) ex-directors (Ooi & Tey) discharged from cheating case - The Star, 27 Sept 2017
12-Sep-2017 Technical Buy: PRTASCO (5070)
05-Sep-2017 Traders' Corner - Protasco (PRTA MK)
28-Aug-2017 Protasco (BUY) - Weak But Expected
28-Aug-2017 “富达”还是“负达”,钱去哪儿呢?EPF买单?Protasco Bhd 2014 cash RM280m vs Q2'17 RM6m left. Money gone where, EPF pays?
28-Aug-2017 Protasco Bhd - Weaker Quarter, But Activities Seen To Accelerate
28-Aug-2017 Mplus Market Pulse - 28 Aug 2017
26-Aug-2017 Protasco Bhd money vanished. Q2'17 profit plunge 45% Y-to-Y. Cash drop 81.7%. Where it goes? -BizT
10-Aug-2017 “On Our Radar” Tracker Review - Cautious Mode Still On
26-Jul-2017 Protasco Bhd's Chong Ket Pen 25 June 2012 was Promoted or Demoted? Why matters? Bursa answered.
28-Jun-2017 挂羊头卖狗肉:Protasco Bhd won of Selangor contract was divested in 7 days? Investors puzzled. What's next?
22-Jun-2017 Mplus Market Pulse - 22 Jun 2017
16-Jun-2017 Mplus Market Pulse - 16 Jun 2017
16-Jun-2017 Protasco - Bags new job
16-Jun-2017 PublicInvest Research Headlines - 16 Jun 2017
14-Jun-2017 Traders' Corner - Protasco (PRTA MK)

Business Background

Protasco Berhad is an investment holding company operates in four segments: Construction Contracts, Engineering Services, Training and Education, and Trading. The road construction and maintenance activities involve construction of new roads, rehabilitation works, road upgrading, and road maintenance. It provides a range of engineering and consultancy services, such as site investigations, laboratory testing, slope studies, traffic studies, product listing, research and development and quality control and assurance. Kuala Lumpur Infrastructure University College offers a range of foundation, diploma, degree and postgraduate programmes. It markets products, such as bitumen, petroleum products, building materials and MAXON paving machine. In October 2011, its wholly owned subsidiary, HCM Engineering Sdn. Bhd, acquired HCM Kasturi Sdn Bhd and Alkatech Sdn Bhd. On October 20, 2011, it wholly owned subsidiary HCM Engineering Sdn. Bhd., acquired 51% interest in Empayar Indera Sdn. Bhd.
Analyze this stock with MQ Trader system

  13 people like this.
 
CkpStolen Why Melacca keep revising down target? Lost very cam meh? Copy and paste 11x p/e again and again. Market like this p/e 5x also hard to promise. Maybe 0.20 also hard to maintain if Election went crazy.

UOB bank calling back all bank loan, PPA1M 1 also not collected back, PPA1M 2 with UOB chicken out, how to proceed? CKP keep "taking money out", from sub contractor and borrow short term to pay himself dividend, EPF maybe c2pid, UOB is not fool.
28/08/2017 11:09
CkpStolen By the way, dividend dry out already. Protasco 400mil market company don't even have 6m cash left. CKP was sitting on 280m cash when he stolen protasco control in year 2014. Cham. Not only Malaysian money from JKR taken, now people savings from EPF also sink into CKP lies. Worst corporate scam ever. When shall bank negara confiscate and arrest CKP immediately before he went missing?
28/08/2017 11:13
limch Those complaining here should check Mitra QR to compare.
29/08/2017 09:48
rlch 30-Aug-2017 Insider DATO' SRI CHONG KET PEN (a substantial shareholder) acquired 73,200 shares on 28-Aug-2017.
https://klse.i3investor.com/servlets/forum/800000826.jsp
04/09/2017 17:58
HadenanJail HadenanJail Up there. Who cares if chong ket pen cheater, liar and criminal? He is freeman to wash his hands and polish his name, nobody cares either. Even if he goes to jail, nobody cares. Before he goes in makes sure pays dividend and buy up share price. That we care.
31/07/2017 08:43

Chong ket pen will keep on buying and keep giving dividend. Stolen power means all money also illegal. Before he goes in, he will buy up share price, so no worries.
05/09/2017 09:34
rlch TP RM 1.2. Buy while still cheap.
https://klse.i3investor.com/servlets/ptres/41880.jsp
08/09/2017 07:15
BN_menang Road projects for rakyat benefits BN or PH can do better?
08/09/2017 10:19
CkpStolen HadenanJail HadenanJail Up there. Who cares if chong ket pen cheater, liar and criminal? He is freeman to wash his hands and polish his name, nobody cares either. Even if he goes to jail, nobody cares. Before he goes in makes sure pays dividend and buy up share price. That we care.
31/07/2017 08:43

Chong ket pen will keep on buying and keep giving dividend. Stolen power means all money also illegal. Before he goes in, he will buy up share price, so no worries.
05/09/2017 09:34

CKP coming. Let him buys up share price we all wait and sell to him higher. Exit before he eats until vomid and die heart attack lor.
08/09/2017 14:36
BillyK buy 1.03

http://klse.i3investor.com/blogs/UOBKayHian/131689.jsp
08/09/2017 14:42
limch TP RM 1.22-1.28?
http://klse.i3investor.com/blogs/UOBKayHian/131689.jsp
09/09/2017 18:18
nich0las Boleh meh? TP 1.28? or another Trap? LOLx.
http://klse.i3investor.com/blogs/UOBKayHian/131689.jsp
09/09/2017 18:23
BN_menang Newspapers lately complain of bad road conditions. Why not Protasco get more road maintenance projects?
10/09/2017 20:43
BN_menang Road must be maintained properly. Protasco best contractor to do it.
11/09/2017 11:02
BN_menang Gogogo RM 1.1 and 1.2 must come.
11/09/2017 11:38
BillyK buy 1.03/1.04
11/09/2017 13:04
Stock Speak more to come... engine started...
11/09/2017 17:04
CkpStolen CkpStolen HadenanJail HadenanJail Up there. Who cares if chong ket pen cheater, liar and criminal? He is freeman to wash his hands and polish his name, nobody cares either. Even if he goes to jail, nobody cares. Before he goes in makes sure pays dividend and buy up share price. That we care.
31/07/2017 08:43

Chong ket pen will keep on buying and keep giving dividend. Stolen power means all money also illegal. Before he goes in, he will buy up share price, so no worries.
05/09/2017 09:34

CKP coming. Let him buys up share price we all wait and sell to him higher. Exit before he eats until vomid and die heart attack lor.
08/09/2017 14:36

CKP ate a lot already, now is time he buys up share price. Wait for good news.
11/09/2017 23:12
CkpStolen Good article to share.

http://klse.i3investor.com/m/blog/Crocsandtigers/131068.jsp

25 August 2017 - Protasco Bhd under Group managing Director Chong Ket Pen leadership, saw the cash flow worsen from Q1'17 to Q2'17, with cash and cash equivalent drop from RM280 million to just RM6 million as of 30 June 2017. Except the jaw dropping self written 400% increase of RM4 million yearly salary to Chong Ket Pen alone, and total on surface RM40 million taken by Chong Ket Pen in pay packages and dividends, the speed and quantum of Protasco Bhd cash being vanished is devastating.

Since year 2014, Protasco Bhd had done extensive public relation and investor relation promoting good prospect of the company. However, the actual results speaks other wise. Here is the key segmental analysis as per Q2'17 quarterly report:

1. Lost of JKR contracts in massive way. The gross profit margin had dropped significantly for JKR related contracts, which shows the end of Protasco Bhd source of cash flow from JKR concessions. The complicated business arrangement of JKR contracts between Protasco and sub contractors had seen significant drop of margin, which means money are are paid out more to out side of Protasco. Such detail was explained in Protasco quarterly reports in between the lines.

2. PPA1M 1st project hiccup. The JKR concessions are the main collateral for UOB bank for the low cost bank financing for PPA1M project. However, the fast delivery of the project came with potential high cost on dispute and variation, which may affect the profit margin as well as repayment schedule. In other words, Protasco Q2 report had confirmed such incident. Because of UOB bank policies and risk assessment, Protasco announced that PPA1M phase 2 was delayed.

3. Property Division enjoyed a good ride on Malaysia property bull market during year 2013-2014. The division is lead by Protasco Group Managing Director son, Dato' Chong Ther Nen. The last 6 quarters had seen no progress nor any major project launches. Investors do not expect any contribution from this segment anytime sooner.

4. Special construction project awards. Malaysia economy is not as strong as many have anticipated. With more project bidders than the project availability itself, the lobby cost and business cost would be challenging, even if successfully obtained contract.

5. Dividend as an ecstasy pill to investors. Protasco dividend policy as of to date, looks more beneficial to selective controlling shareholders. Namely Chong Ket Pen, the Group Managing Director. The strategy for Chong is simple - as long as he holds controlling stake and solely control Protasco Bhd, what he wants is just cash from dividend, regardless if Protasco has to bare high interest cost, or even lack of cash. The dividends paid from "borrowed money from bank" went on from year 2014 to Q1'2017, and dried up Protasco cash from RM280 million in year 2014 to "cash and cash equivalent" of RM6 million left as of 30 June 2017.

6. Public looting pay packages loop hole un regulated? Chong Ket Pen personal salary sky rocket 400% to RM4million in just 3 years, at time when Protasco suffered huge drop in Profit and cash flow is devastating. Shareholders not only felt cheated, but being robbed and raped openly. To cover up Chong Ket Pen real motive and objective when he manufactured a blame to get rid of Protasco new substantial shareholders Ooi & Tey in year 2014, in just 3 years time, Chong Ket Pen had raised director fees & benefits to over RM10 million per year. The mouths were covered with shareholders money, a perfect organised public looting team had since milked Protasco cash & cash equivalent from RM280 million in 2013 to just RM6 million in Q2'2017. Investors need not look far to compare Protasco performance vs management pay packages with other mid size construction companies. Together with dividends, Chong Ket Pen had drawn RM40 million for himself in just few years he took full control of protasco, not bad for a public servant. As for authorities which was cheated to catch the shadows and did not saw the big elephant inside Protasco, small investors would just accept the fact that the relevant authorities are just salaried officers, don't put too much hope on looking from bird view nor understand the tricks of the criminal masters.

7. Legal obligations a disastrous time bomb. The high profile substantial shareholder of Protasco, one Chong Ket Pen, was known by market as the man who bites the hand who feeds. Chong lost his controlling power in June 2012 despite his symbolic promotion to Group Managing Director which was actually out numbered. All a sudden, Chong managed to induce and convince 2 investors Ooi and Tey to buy over Protasco substantial shares and instill Chong's power back to Protasco. Chong not only did not honor his deals, he fabricated a blame on the two to facilitate his objective to solely control of Protasco. ...
11/09/2017 23:14
CriminalCKP Holly sheeet.... ill gotten money. No wonder.
12/09/2017 09:11
BN_menang 1.1 soon. buy.
12/09/2017 09:37
BN_menang GE 14 will come soon. Road maintenance become more important.
12/09/2017 09:38
BillyK buy
http://klse.i3investor.com/blogs/PublicInvest/132022.jsp
12/09/2017 11:21
DroidnPlay GREAT counter...up up up... but why it went up since no catalyst n projects awarded.
13/09/2017 10:39
findCKP 難怪公司業績缺錢越來越嚴重,原來張雞蛋chong ket pen自己偷錢來買公司股票。小偷光顧,一流水準公司。
Chong ket pen taken 40mil to himself from company and buy company share. Good company, Protasco fantastic. Sure goes up.
http://klse.i3investor.com/m/blog/Crocsandtigers/131068.jsp
13/09/2017 11:09
CkpStolen Findckp? Everyone in the force waiting to skin chong. To serve "national justice". Dato, chong use protasco taken from "malaysian - JKR, our road", rm40mil to himself reported in bursa to "himself"! And balance rm240mil cash gone.

Why nobody saw this? Now is not just ooi kock aun and tey por yee being cheated, but the country and people of Malaysia taken for a ride. Wtf. Can get back those ill gotten money?
13/09/2017 12:50
InsiderKM prostateCo Chong jipet past will never goes away until he is dead. Better pays more dividends before he goes in or goes to hell.
09/08/2017 08:21

Chong jipet past and present still criminal. Got so much money stolen sure will buy more protasco shares. Don't panic, sure up 1.20
13/09/2017 20:22
Stock Speak break 4 weeks highest... uptrend..
14/09/2017 08:51
rlch Sold because too many talking bad here. Even blogs are created to demote Protasco. First counter I ever see in i3 so many hate CKP the boss.
14/09/2017 10:18
Daim4u The boss cheat people too much ke? Now someone exposed his motive is to take money to himself, and taken rm40 million "openly". Not "openly" one how much? Shocked market.
14/09/2017 10:23
Daim4u Twitter. Felda chiefs self payment or American State agency on no1 Malaysia state enterprise allegation. The No1 state may not be real as its political driven. Ckp ill gotten money from wrongdoings is real, when he uses illegal money to pay share margin and buy up protasco shares, price is artificial and illegal. When authority frozen, sky falls.

Smart lawyer teaches him to keep draw salaries 10 times higher, heard some rm4million a year. As if "less crime". By making other shareholders cannot vote doesnt mean one can simply "pay" using manipulated votes. If got 51% vote then can simply pay, Any President can draw usd500 billion lor from national bank as hardship payment, why talk bulls on no1 Malaysia state enterprise? President Trump got majority votes what, sp he could writes trillion dollar pay check to himself? Plain simple.

Any tom dick hery here when "wake up" only found they are dogs being fooled by the devil ckp, unless just hired guns, else shall ask the master "what is in for us" the small investors. Ckp taken rm40mil in 3 years, openly. Wow. Non open how much? Writes in je to bursa, sc, etc. Useless.

http://klse.i3investor.com/m/blog/Crocsandtigers/131068.jsp
15/09/2017 04:19
HadenanJail Daim4u. You being warned ke? Encik Jib San self draw salaries and benefits from 1mdb becomes no1 malaysia state enterprise. Perfect example what for Chong Ket Pen case. Why so scared to say? Lolol
15/09/2017 15:14
HadenanJail Aduhai Chong Ket Pen. Encik Jib San go Saudi arab wash, Chong Ket Pen use Protasco go Sri Lanka wash. Cheap skate. All CKP investment all sheep Shot Up Protasco Ceiling. Africa, China, Syria, Libia, Indonesia and now Sri Lanka. Better commit suicide simply take money for himself and waste shareholders money.
15/09/2017 15:19
SiaKapTestical Not again.

https://klse.i3investor.com/blogs/Fakenewsmaker/132378.jsp

14 September 2017 - Property and construction company Protasco Bhd announced today entry into Sri Lanka for construction and infrastructure projects. Protasco subsidiary HCM Engineering Sdn Bhd has incorporated a wholly own subsidiary in Sri Lanka, known as HCM Builders Lanka (Private) Limited with a registered capital of 100,000 Sri Lankan (approximately RM2,700).

According to Protasco announcement to Bursa Malaysia, The intended business activities of H C M Builders are mainly to undertake construction and infrastructure works in Sri Lanka. The investment in H C M Builders is not expected to have a material effect on the earnings or net assets of the Protasco Group for the year ending 31 December 2017.

Protasco Bhd business except the road maintenance concessions inherited from Protasco former political-linked owner, over the years the management had failed most of Protasco ventures abroad. According to Bursa Malaysia past announcements, Protasco had failed in projects from South Africa, Libya, Syria, China Hainan, Cambodia and of cause Indonesia. The last venture in Indonesia oil & gas was a disastrous which turns into devastating shareholders fights. With Protasco past track record, market is skeptical on the company latest entry into Sri Lanka.


FiNews feat bursaLink

Source: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5543705
15/09/2017 19:24
ChongPerompak This culprit Chong Ket Pen and the gang of criminals are hopeless.

Standard International benchmark for public servant summarized as follows:
Public servant self justify and determine of salary & pay packages is basically the act of robber;
Your salary & pay package higher than your "bosses" - the normal people of Malaysia, means you are greedy;
You don't retirement plan yourself but manipulate public listed company for your fat retirement is the act of pirates;
You did not disclose your ill gotten money to public means your are a thief.

Protasco Bhd is public service company relied on government contracts and feed on Malaysian ordinary people's money. The board and management are public servants.

Public servants consume on government and the owners (people of Malaysia) wealth, they do not create wealth, they have no productivity, where the "fat bonus" came from?

Self declare and manipulated salaries and pay packages is crime, cheating & swindling.


国外对公务员的最基本看法是:
公务员,你自己给自己定工资标准,那就是匪;
你的工资高于普通百姓的工资,那就是贪;
你不交养老保险反而退休后的养老金比百姓还高,那就是盗;
你不公示财产,那就是贼。

Protasco是畸形变相国有私化吃老百姓的钱,国家的公职。基本就是公务员聘任制标准。

公务员是政府职员,政府消耗社会财富,不会创造财富,不会产生利润,那他们哪来的奖金呢?一些单位发的莫名其妙的奖金,这钱是从哪里来的呢?

自己开自己天价薪金和奖励,这是犯罪行为!这是诈骗罪!
18/09/2017 09:52
Nikmon Both parties EPF and CKP non stop buying, and EPF holdingis not far from 10%, now stand at 8.7%.
18/09/2017 16:01
BillyK Buy 1.05 as EPF
18/09/2017 17:08
CkpStolen Using illegal money to buy. Let him buy lor. All confiscated anyway. Lolol

Getting more ugly. Fox tail is out, waiting to be captured.
https://klse.i3investor.com/blogs/truebackground/132520.jsp
18/09/2017 19:13
Nikmon seems like EPF and CKP have reach a deal that both parties won't trade in same day to avoid the price gone up too fast, both of them take turn too trade.
18/09/2017 21:25
HOLLAN5222 CKP buy shares (price going up) buy,buy,buy
19/09/2017 23:14
Daim4u Holly gajah ~~~! Chong Ket Pen took so much money how come nobody pay attention? No wonder money all gone!

CkpStolen Using illegal money to buy. Let him buy lor. All confiscated anyway. Lolol

Getting more ugly. Fox tail is out, waiting to be captured.
https://klse.i3investor.com/blogs/truebackground/132520.jsp
24/09/2017 11:55
Lunchbos http://klse.i3investor.com/m/blog/Crocsandtigers/131068.jsp

Cannot get up despite sitting on stolen money pile. Same like robber sitting on bank safe. Criminals.
26/09/2017 21:31
Nikmon why no announcement regarding the update of legal case?
27/09/2017 23:17
Truefaces No news except busy siphoning mony announcement. There is one - Chong ket pen the liar proven a liar.
28/09/2017 08:55
BillyK buy 1.06
02/10/2017 08:41
4milSalaryThief Chong Ket Pen stolen and still stealing 4 million per year? When is this criminal be charged since evidence proven he is lying and cheating?
03/10/2017 10:26
HadenanJail This one lied too much until crippled still wanted to lie?Perfect liar, perfect location, perfect position? No wonder sits in Protasco covering up Chong wrong doings. Unfortunately loyal bastard may be jailed first before Chong Ket Pen.

"Saksi kedua Hadenan Abdul Jalil berkata beliau tidak pernah berbincang secara peribadi dengan gabenor atau menteri kewangan berhubung kerugian forex BNM. – Gambar The Malaysian Insight oleh Seth Akmal, 7 September, 2017"
https://mediatmi02.r.worldssl.net/resources/stories_images/13762/hadenan_abd_jalil_070917_tmiseth_02.jpg

Source :
https://www.themalaysianinsight.com/bahasa/s/13762/
07/10/2017 09:24
truecolour CKP a thief? Please make police report.
07/10/2017 09:37
truecolour I also want to know where cash gone?
07/10/2017 09:41
CountDownCKP Hadenan = Tun. They are not good people either.

Chong Ket Pen kiss Ah Jib ss also useless. His forehead stamped "Tun". A day he and Hadenan stick around Protasco, the company is cursed. Anti Ah Jib then buy lor.
https://klse.i3investor.com/m/blog/kanserbursa/134638.jsp
09/10/2017 10:05
Daim4u Wow. Benar nya binatang binatang peliharaan Tun ya. Bila terlepas jadi syaitan lapar duit. SPRM dan Lembaga Hasil belum tangkap ke?
09/10/2017 20:21


 

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