TanJiPet

TanJiPet | Joined since 2020-09-16

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2020-12-06 06:58 | Report Abuse

Another record quarter report. Con man day light robbery show off naked in front of Bursa and SC, yet cannot do anything. Double thumbs up.

Look at last 5 years track record, Chong Ket Pen don't have better way to bankrupt Protasco besides siphon money out of it everyday to his own pocket? What kind of business openly taking out RM7.319 million profit paying to "outside", and left with -RM419k loss to "you" the shareholders.

1 Revenue 376,536

2 Profit/(loss) before tax 16,995

3 Profit/(loss) for the period 7,319

4 Profit/(loss) attributable to ordinary equity holders of the parent -419


Most notable Chong Ket Pen's contribution to Protasco is another new record of RM873 million "liabilities" and net cash flow of negative (RM73.74 million), thanks to Chong Ket Pen's own land sold to Protasco to take out cash into his own pocket, funded by "net draw down" of RM36.747 million from the bank.

Like most defunct PLC, Protasco for the first time saw the Short term borrowings + Bank overdrafts rises to RM365 million, exceed Total equity of RM357 million. In short, even sold entire company also solve short term Current Liabilities cash call. Wonder who are these unfortunate banks?

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2020-09-16 08:51 | Report Abuse

See the syndicate blind promoters above? They also illegal promote and goreng Hiap Teck. The action of "promoting" itself is misleading and manipulation. They pump and promote trap greedy new investors to pick up the dump. Old tricks, only new channel - FB.

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2020-09-16 08:48 | Report Abuse

Before PN17 and close shop, Chong Ket Pen pakat syndicate goreng Protasco share. Break 35 maybe 50 also no problem, pity victim investors ends up holding rubbish stock.