19 October 2018, Kuala Lumpur, Malaysia - Public road maintenance company Protasco Bhd saw the share price stood at 35 sen despite substantial shareholder being acquiring the shares in view of recent price decline.

CIMB research has quoted a reduce call and TP of 40 sen versus closing price of 35 sen.

“Likely revision to contract pricing for road contracts and a move to pure open tender for housing jobs would likely be negative for Protasco. The 11MP MTR did not lay out details on potential new road maintenance contracts, which is Protasco’s niche segment,” it pointed out.

Read more at https://www.thestar.com.my/business/business-news/2018/10/19/cimb-research-retains-underweight-on-construction-sector/

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