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
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
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.
@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.
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?
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.
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.
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.
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.
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!
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
Cash in bank RM100m ish, The land in Bangi/Kajang RM68m ish (havent revalued), This price trading at such discount, yummy, can buy the whole company over take Dato Sri in shareholding just need RM50m hehehe. D'Sri can sweat if someone take over and kick him as deputy chairman. If you calculate the assets over share count. perhaps around RM1 ish, hehehehe. time to raid this co and kick the founder out
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....