PROTASCO BHD

KLSE (MYR): PRTASCO (5070)

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Last Price

0.18

Today's Change

-0.005 (2.70%)

Day's Change

0.175 - 0.18

Trading Volume

125,000


16 people like this.

5,840 comment(s). Last comment by Hew Kiong Peng George 2 months ago

stainlyho37

2,145 posts

Posted by stainlyho37 > 2021-01-06 14:20 | Report Abuse

aiming 0.29.....now....later 0.32...

JoyOhi

165 posts

Posted by JoyOhi > 2021-01-06 19:40 | Report Abuse

Politics messed up this counter. Such strong FA counter yet undervalued..

Posted by jipekchong > 2021-01-07 02:08 | Report Abuse

Cro0k. Chong Ket Pen behind bar then got hope, else gone case.

Posted by jipekchong > 2021-01-07 02:08 | Report Abuse

TanJiPet 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 CANNOT solve short term Current Liabilities cash call. Wonder who are these unfortunate banks?
06/12/2020 6:58 AM

Posted by jipekchong > 2021-01-07 02:11 | Report Abuse

This Chong fela not behind bar, whatever project also useless. Old CRO0K will siphon to his own pocket left over debt to Protasco. Maybe get project build-own-grave will share with all shareholders.

pamie

274 posts

Posted by pamie > 2021-01-07 14:33 | Report Abuse

So weird. Drop a lot since last week. last week 30cents ++

Rumours about new project at East Malaysia. Dont know why keep dropping.

914601117

520 posts

Posted by 914601117 > 2021-01-07 16:44 | Report Abuse

Dont know why keep dropping? Look at KLCI chart, it's in downtrend 2 days ago. Need at least 2 weeks to stabilize the best or continue downtrend

pamie

274 posts

Posted by pamie > 2021-02-02 16:04 | Report Abuse

almost 1 month this forum silent. what happened. last month share price steep up, now dropping

vivoviva

776 posts

Posted by vivoviva > 2021-02-24 10:40 | Report Abuse

i think will drop to historical low. scary.

thesteward

6,516 posts

Posted by thesteward > 2021-02-27 21:35 | Report Abuse

Looking good . Watch close these 2 weeks

thesteward

6,516 posts

Posted by thesteward > 2021-03-01 11:28 | Report Abuse

Gogi prtasxo if break 28 potentially big fly fingers crossed

nokotta

6 posts

Posted by nokotta > 2021-03-01 17:13 | Report Abuse

Already break loo

klse182

3 posts

Posted by klse182 > 2021-03-04 16:03 | Report Abuse

I heard rumors that Prtasco will be awarded a new project in Klang Valley....The news may be out next week.

MoneyHeist

614 posts

Posted by MoneyHeist > 2021-03-12 08:21 | Report Abuse

Should be very good results! Hope close 0.325 today. ;)

Posted by jipekchong > 2021-03-16 00:35 | Report Abuse

Chong Ket Pen dead already? I though dead then got chance go up. Else goreng half way close shop die together. Money all siphon by Chong already left so much debt, who goreng who die. Get 10 project award also useless. Check all quarter report you can see money siphon outside left rubbish to you. Got money Chong siphon, add more debt to protasco. No money abuse protasco get more loan. Gone case.

jipekchong This Chong fela not behind bar, whatever project also useless. Old CRO0K will siphon to his own pocket left over debt to Protasco. Maybe get project build-own-grave will share with all shareholders.
07/01/2021 2:11 AM

Posted by jipekchong > 2021-03-16 00:41 | Report Abuse

Transfer illegal shares from stolen money to son. Still theft and illegal. Old saying, this is the sign old crock going to die soon. He did it without even knowing it his time is due. They day Chong is dead, protasco got hope. Maybe protasco gone case before he is dead? Guess which one die first?

1
25/02/2021
200,000
Disposed
Indirect Interest
Name of registered holder Chong Ther Zern
Description of "Others" Type of Transaction
Consideration (if any) RM0.245
2
26/02/2021
200,000
Disposed
Indirect Interest
Name of registered holder Chong Ther Zern
Description of "Others" Type of Transaction
Consideration (if any) RM0.245

caonima

367 posts

Posted by caonima > 2021-03-30 00:44 | Report Abuse

holland qr

shipcapt

284 posts

Posted by shipcapt > 2021-03-30 10:25 | Report Abuse

Maybe England QR

Kranken X

112 posts

Posted by Kranken X > 2021-03-31 15:55 | Report Abuse

no hope

sasword

987 posts

Posted by sasword > 2021-04-01 16:29 | Report Abuse

Mothe fuc ker ChongKP going to die in he ll soon and its son dic suc ker ChongTZ will continue con people money in this rubbish stock.

Posted by suffianfauzi > 2021-04-05 12:06 | Report Abuse

Termatch pulak 265..

Posted by aizuddin666 > 2021-04-05 14:04 | Report Abuse

waa 265 quite gud lor, this one has potential to go higher..u see the movement from below ema 21 until now has reach up ema 7, will continuely going upper just patient

thesteward

6,516 posts

Posted by thesteward > 2021-04-05 21:31 | Report Abuse

Result was our last week so it is already accounted for . Today is just some small amendment to the result that was already out last week .

Posted by suffianfauzi > 2021-04-07 20:50 | Report Abuse

Sure??

excelyou

1,256 posts

Posted by excelyou > 2021-04-07 21:28 | Report Abuse

STILL BELIEVE? Move to steel counters

Posted by suffianfauzi > 2021-04-10 14:22 | Report Abuse

X jalan lagi ini stock

Posted by pendekarbujang > 2021-04-24 01:11 | Report Abuse

when to wake up?

Posted by chongkipai > 2021-04-29 15:24 | Report Abuse

Is Chong father and son behind bar already? Protasco only got hope when the Chongs are captured. What they did to protasco was shocking day light robbery.

excelyou STILL BELIEVE? Move to steel counters
07/04/2021 9:28 PM

suffianfauzi X jalan lagi ini stock
10/04/2021 2:22 PM

pendekarbujang when to wake up?

awesome20

1,056 posts

Posted by awesome20 > 2021-06-10 18:37 | Report Abuse

rumor new contract worth RM250million going to prtasco..soon to announce after official award

Posted by ChongCaoHai > 2021-06-19 19:27 | Report Abuse

Left the company 2 years ago still got people looking at this stock? Protasco is walking zombie. Either Chong Ket Pen or Protasco end result is the game - gone case. RM250 billion contract also useless as Chong and cronies will steal from Protasco. Working there also feel guilty.

hafizsmj

45 posts

Posted by hafizsmj > 2021-06-27 06:12 | Report Abuse

@ChongCaoHai, you see from chart 2 years ago and that fiasco already priced in. Now monthly chart is uptrending from the last crash March 2020. If you say the company is gone case already, it should have just flatten al the way then.

Posted by ChongNSons > 2021-07-14 23:31 | Report Abuse

Many years ago the Chongs cheated some shareholders and took control of Protasco Bhd. Everyone in Protasco knows the old story.

Chong Ket Pen and son Chong Ther Nen made use of his staffs to put blame on others to gain control of Protasco. Then Chongs' took all Protasco money for himself until today. That's obvious.

Most Protasco staff saw Chong staff involved suffer karma and left one by one. On the board itself, one is chairman Hadenan died. Then accountant Ho Chun Fuat died. Chong Ket Pen's partner Tan Heng Kui left Protasco. The only directors of that time left is Tan Yee Boon, Chong Ket Pen and son Chong Ther Nen. Maybe Protasco need to burn all money before the father and son face their karma. Who is next?

Posted by TanHengKuiSoul > 2021-09-06 11:17 | Report Abuse

Worked in this corrupted company before. All Chong Ket Pen father and sons are criminals. Sure good for Chong Ket Pen but not the staff. Cheating all the money and bring Protasco to his grave burn in hell. Moreover investors. lol.

Posted by Goldenhorse > 2021-09-12 23:59 | Report Abuse

they are always a profitable construction company with real construction team. unlike some hokidoki counters. anyway the material litigation case is just done by someone jealous of them. making life hard. all contract signed with condition precedent and consideration which is signed and verified for each page and if not met why sue someone ? opportunity loss isn't something known risk as condition precedent isn't met. Anyway the covid situation has make this counter a good one. Dato let's make this a come back. for your investor that follow you.

Posted by MYthenightmare > 2021-09-28 13:20 | Report Abuse

断种奸商和后门政腐的烂蕉股也会赚钱?那么喜欢骗,干脆下地狱骗你自己的祖宗十八代。

suprnoob

1,067 posts

Posted by suprnoob > 2021-09-28 15:34 | Report Abuse

good volume...huat cai!

Posted by Goldenhorse > 2021-11-05 20:07 | Report Abuse

For 6MFY21, cumulative net profit stood at RM6.5m vs. a net loss of RM4.2m recorded in the previous corresponding quarter. Revenue for the period grew 29.7% YoY to RM398.5m. The reported net profit came within expectations, making up to 47.1% of our net profit forecast of RM13.6m. We expect further recovery is in store towards the remainder of the year with kitchen sinking exercises completed in FY20.

Posted by Goldenhorse > 2021-11-05 23:15 | Report Abuse

Protasco Decentrum City, one of the projects of Protasco Bhd

KUALA LUMPUR: Protasco Bhd returned to the black in the second quarter, boosted by stronger contribution by its road maintenance division.

The company made a net profit of RM6.4mil in the three-month ended June 30, 2021 compared with a loss of RM1.7mil a year ago.

Revenue improved to RM189mil from RM172mil previously, Protasco said in a filing with Bursa Malaysia yesterday.

Maintenance business generated a revenue of RM142.3mil and a pre-tax profit of RM11.7mil.

Pek79

25 posts

Posted by Pek79 > 2021-11-19 16:17 | Report Abuse

anyone know what/who is the Non-controlling Interest mentioned in the reports?
Why profit need to go to this non-controlling interest before share to share holder?

Posted by shortinvestor77 > 2021-11-23 15:39 | Report Abuse

For example, if the organization owns 70% of the subsidiary and a minority partner owns 30% and subsidiaries net income say $1M. The non-controlling interest would be calculated as $1M x 30% = $300k. This $300k would be placed on a non-operating line item on the Income Statement.

Pek79

25 posts

Posted by Pek79 > 2021-11-24 15:51 | Report Abuse

Many thanks for the explanation.
but this seem doesn't apply to PRTasco Non-controlling Interest. The Non-controlling interest not only share the profit, but they do have guaranteed return, their return will not lower than RM3,000,000 per quarter. Like happened in 2020 Mar & 2020 Jun, the Net profit before tax is not enough to pay the guaranteed return to Non-controlling interest, the owner was force to record in loss in order to pay the guaranteed return, even the Net profit before tax on that quarter was report positive....
the worst happened on 2020 Dec, the company report Net lost but still pay to these non-controlling interest.....
2020 Sep the pay to non controlling interest had increased to RM7,738,000!

Posted by Goldenhorse > 2021-12-20 02:04 | Report Abuse

flood just happened. so alot of the road will crack and have portholes. some errosions so maintenance work needed. the flood is so bad this time. good thing is the jobs all coming

Posted by Goldenhorse > 2021-12-20 02:07 | Report Abuse

minority interest means shareholders at the subsidiary level. it is fairly split even among based on percentage. so some subsi who made more pay more less the lesser. is fair one la. Lol. it is not preference share btw. minority interest is just the smaller shareholders at subsidiary

mk88

983 posts

Posted by mk88 > 2021-12-22 10:33 | Report Abuse

after floods, many potholes everywhere and landslides, road maintenance should be getting more road maintenance contracts

klse182

3 posts

Posted by klse182 > 2022-02-25 12:11 | Report Abuse

2021 Result RM37.92million PROFIT!!!

hassim85

163 posts

Posted by hassim85 > 2022-02-25 12:35 | Report Abuse

no buyer, no peminat, no roket

Posted by Hew Kiong Peng George > 2 months ago | Report Abuse

This hidden gem gonna rocket soon. Wb gogo

Posted by Hew Kiong Peng George > 2 months ago | Report Abuse

Warrant gogo

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