Posted by nkk53 > 2017-08-07 12:37 | Report Abuse

Chong n epf continue to sapu.Who are selling?

Posted by Nikmon > 2017-08-07 15:16 | Report Abuse

CKP and EPF happily collecting the share at low price bit by bit.

Posted by sasword > 2017-08-07 17:09 | Report Abuse

Sohai gov and sidekick happily washing money in this counter.

Posted by curious2 > 2017-08-07 21:25 | Report Abuse

If CKP and EPF keep buying who sell? Contra kakis? No money better don't contra.

Posted by dusti > 2017-08-08 13:31 | Report Abuse

As long as this forum harp on management this counter will go nowhere except DOWN. Thi nk carefully before saying anything.........assuming it has not been said before.

Posted by Nikmon > 2017-08-08 14:12 | Report Abuse

not only here, all stock's forum also got, they should be from same group keep on harp on the past since 2012 for many years already, some forum already band them, but I3 does not take any action even though numerous complaints..what to do.

Posted by nich0las > 2017-08-08 20:49 | Report Abuse

i will keep for 2 year. god bless.

Posted by prostateCo > 2017-08-09 08:19 | Report Abuse

nich0las i will keep for 2 year. god bless.
08/08/2017 20:49

Share price drop faster than dividend....force to become long term investment. Lol

I like the md Chong Jipet 张鸡白. I don't care if he is a criminal, crook or moron, as long keep paying dividends he goes to jail also no problem.

Posted by prostateCo > 2017-08-09 08:21 | Report Abuse

Chong jipet past will never goes away until he is dead. Better pays more dividends before he goes in or goes to hell.

Posted by InsiderKM > 2017-08-10 13:14 | Report Abuse

Tsunami plus earthquake. 5 persons including on the board in deep trouble. Watch out.

Posted by InsiderKM > 2017-08-10 13:16 | Report Abuse

If the info is true looking at 50 cents

Posted by GuaiLoLP > 2017-08-14 09:33 | Report Abuse

Mo guai Jiong Zai Ban "Jiong Kat Peng" mei sei meh? Sei dou lam tao zong hai dou cang. Lou wu lei zou sei zou tao toi lah. Why 50c? Why not 1.50? Jiong Kat Peng sei kor yat yat deng 1.50. Mak hoi xiong gan tai lor.

Posted by Nikmon > 2017-08-15 20:27 | Report Abuse

today some shark bought a lot in last minute before closing!!

Posted by InsiderKM > 2017-08-16 12:27 | Report Abuse

Your bos ke? Ikan yu, big shark. Semua orang tahu. Guna wang cetak beli ke?

Posted by Nikmon > 2017-08-16 17:21 | Report Abuse

yesterday shark bought, today shark selling, it is tell-tale sign. the result of last Q should be bad......

Posted by WolfTails > 2017-08-16 18:48 | Report Abuse

Only saw wolfs tails. Papa wolf Chong Ket Pen and sons. Eating Protasco alive. One day wolfs inside Protasco will head to 50cents. The day wolfs captured will shoot up to 1.50.

Posted by HadenanJail > 2017-08-16 20:50 | Report Abuse

sasword Sohai gov and sidekick happily washing money in this counter.
07/08/2017 17:09

curious2 If CKP and EPF keep buying who sell? Contra kakis? No money better don't contra.
07/08/2017 21:25

Why people care so much how Chong Ket Pen and cronies cheat or steal Protasco from Ooi Kuok Aun and Tey Por Yee? Protasco bribe and siphone money so what? Even if Chong is crook or con man, he will keep giving us dividend and that's all we want. Shut up and wait for dividend. Sheeps.

Posted by Nikmon > 2017-08-17 00:30 | Report Abuse

@HadenanJail check their account, all are newly created and only comment in protasco and PLC related to Tey Por Yee.

Posted by Nikmon > 2017-08-17 16:36 | Report Abuse

crazy trader, bought 1 share every few seconds since the market open until close.....what is his mind???

Posted by EPFspeculate > 2017-08-18 11:39 | Report Abuse

Protasco the money laundaring machine again. The thief Chong Ket Pen again. Chong Ket Pen invited Tun Daim and said Tun wanted to eat him. Actually he cheated Tun daim. Invited Dato Ooi and Dato Tey then said people cheat him, actually he cheated them to buy Protasco. Now he claims invites EPF, EPF pushing down share price buy over the laundary shop might just be the right time to release Protasco from chong manipulation.

Posted by EPFspeculate > 2017-08-18 11:46 | Report Abuse

Nikmon crazy trader, bought 1 share every few seconds since the market open until close.....what is his mind???
17/08/2017 16:36

You do this you be bully by SC for manipulatiion. EPF do this its called market making. So you panic, scream and they push up and down the share price, SC can do nothing. Lolol.

Posted by CkpStolen > 2017-08-21 09:07 | Report Abuse

Ask Protasco Bhd meteoric rise substantial shareholder how to make RM120m in 4 years. Secret leaked!

Who is Chong Ket Pen in Protasco Bhd?

Chong Ket Pen was removed from his job position in Protasco by Protasco former owner on 25 June, 2012. (source: http://www.bursamalaysia.com/market/listed-companies/company-announcements/1322197).

According to Bursa Malaysia, as of 29 June, 2012, Chong has shareholding of direct - 45,190,142 shares, and Indirect - 764,000 shares (held by spouse and children), or 15.23% shares on Protasco Bhd. Share price (adjusted) was RM0.75, and Chong's share holding would be worth RM34,465,606.50 as of the date of his fall out. Chong would have walked away with a handsome pay check despite his civil servant background. However, the issue of ethic and moral in taking part of the potential ill-gotten money, originated from skimming the government contracts have raised red flag when it comes to Protasco's core business. Chong cannot get away with his finger print everywhere.

" One acted as the driver of a bank robbery and got paid RM34 million bill doesn't mean he could excuse himself. Knowingly and delivered the packages to facilitate a crime, is still a criminal." comments senior investigator.

As for the investors and shareholders, including Protasco former owners since inception, how Chong did it they are not part of the fishy operation since Chong is the executive director carrying out the job. They neither involve in Chong's taxi driving operation and what ever questionable methods Chong covered up, be it illegal diesel or pirated lubricant, all the potential dirty deed only Chong would know. Chong did it all by himself. He has to cover it up. Chong was desperate. What better excuse than to use this as bargain tool, confuse the market of failed deal while Chong pocket Protasco and keep the secret and the money all by himself? An idea, hell breaks, devil speaks.

https://klse.i3investor.com/m/blog/financialnewsleak/111475.jsp

Posted by CkpStolen > 2017-08-21 09:07 | Report Abuse

No wonder.

Posted by Nikmon > 2017-08-22 17:12 | Report Abuse

2 million worth share changed hand in open market, who is the new buyer.....

Posted by Rica7894 > 2017-08-22 17:24 | Report Abuse

Many investors said Protasco is not good, but ,EPF is keep collecting.
EPF started making announcement after accumulated >5% of Protasco in May 2017. Back in March 2017 Annual Report, EPF only accumulated 3.4% stake in the company.

Only 5 months, EPF already increased stake in Protasco from 3.4% to 8% as at 17/8/2017.. This means EPF is now the second largest shareholder of Protasco. It looks likes EPF is getting more aggressive in Protasco share acquisition.

Posted by Nikmon > 2017-08-22 19:25 | Report Abuse

@Rica7894, just wonder, who are the many investors you refer to?

Posted by Daim4u > 2017-08-23 12:45 | Report Abuse

Rica7894 Many investors said Protasco is not good, but ,EPF is keep collecting.
EPF started making announcement after accumulated >5% of Protasco in May 2017. Back in March 2017 Annual Report, EPF only accumulated 3.4% stake in the company.

Only 5 months, EPF already increased stake in Protasco from 3.4% to 8% as at 17/8/2017.. This means EPF is now the second largest shareholder of Protasco. It looks likes EPF is getting more aggressive in Protasco share acquisition.
22/08/2017 17:24


Who you meant many investors? Chong Ket Pen, EPF and yourself?

Buy shares must be good only buy meh? If EPF wants to take over, buy average down also can what. When chong ket pen being raided and confiscated, EPF represent the people of Malaysia will take back money stolen from people of Malaysia. Natural what.

Posted by Stock Speak > 2017-08-25 18:05 | Report Abuse

Good QR... :)

Posted by Daim4u > 2017-08-27 20:52 | Report Abuse

Protasco Bhd money vanished. Q2'17 profit plunge 45% Y-to-Y. Cash drop 81.7%. Where it goes? -BizT
Author: cuntoinews | Publish date: Sat, 26 Aug 2017, 12:49 AM

25 August 2017, Kajang, Selangor, Malaysia - Construction and largest JKR contract dependance public listed company Protasco Bhd saw the year to year Quarter 2 net profit further plunge 45% from RM14.36mil to RM7.9mil, and cash and cash equivalents at the end of financial year plunge a jaw dropping 81.7% from RM32.9mil to RM6mil.

Revenue year to year drop from RM396mil to RM219mil, net profit margin crashed to just 3.6%. Total liabilities improved to RM696mil, with bank borrowing of RM346mil. Net asset per share stood at RM0.9475. Notable financial highlights as follows:



Bank Borrowed Cash Balance?

In order to keep the "cash and cash equivalents" stays positive at RM6mil, the company had increased bank overdraft from RM19.98m to RM47.31m Y-to-Y, or increase of 236%.



Inflated Net Profit, Where It Comes From?

http://klse.i3investor.com/blogs/biznewstales/130930.jsp

All factual. Only the Chongs can explain to people of Malaysia.

Posted by limch > 2017-08-28 10:25 | Report Abuse

Malacca Securities TP RM 1.2 Daim sell EPF and CKP buy more. Myself add RM 1.02.
https://klse.i3investor.com/servlets/ptres/41847.jsp

Posted by limch > 2017-08-28 10:27 | Report Abuse

However, we maintain our BUY recommendation with a lower target price of RM1.20 (from RM1.25). We believe that the group’s earnings should recover moving into 2H2017 and 2018, premised to the acceleration of the execution of several construction contracts, improved works from the concession division and new property development launches in 2H2017.

We arrive at our target price on a sum-ofparts basis by ascribing an unchanged target PER of 11.0x to its 2018 construction earnings as well as a target PER of 8.0x (unchanged) to its 2018 concession and engineering services’ earnings. Its education and trading units valuations remain pegged at target PERs of 6.0x respectively due to their smaller scale businesses, while its property development division’s valuation is from ascribing an unchanged at 0.6x of its BV.

Posted by CkpStolen > 2017-08-28 11:09 | Report Abuse

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.

Posted by CkpStolen > 2017-08-28 11:13 | Report Abuse

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?

Posted by limch > 2017-08-29 09:48 | Report Abuse

Those complaining here should check Mitra QR to compare.

Posted by rlch > 2017-09-04 17:58 | Report Abuse

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

Posted by HadenanJail > 2017-09-05 09:34 | Report Abuse

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.

Posted by rlch > 2017-09-08 07:15 | Report Abuse

TP RM 1.2. Buy while still cheap.
https://klse.i3investor.com/servlets/ptres/41880.jsp

Posted by BN_menang > 2017-09-08 10:19 | Report Abuse

Road projects for rakyat benefits BN or PH can do better?

Posted by CkpStolen > 2017-09-08 14:36 | Report Abuse

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.

Posted by BillyK > 2017-09-08 14:42 | Report Abuse

buy 1.03

http://klse.i3investor.com/blogs/UOBKayHian/131689.jsp

Posted by limch > 2017-09-09 18:18 | Report Abuse

TP RM 1.22-1.28?
http://klse.i3investor.com/blogs/UOBKayHian/131689.jsp

Posted by nich0las > 2017-09-09 18:23 | Report Abuse

Boleh meh? TP 1.28? or another Trap? LOLx.
http://klse.i3investor.com/blogs/UOBKayHian/131689.jsp

Posted by BN_menang > 2017-09-10 20:43 | Report Abuse

Newspapers lately complain of bad road conditions. Why not Protasco get more road maintenance projects?

Posted by BN_menang > 2017-09-11 11:02 | Report Abuse

Road must be maintained properly. Protasco best contractor to do it.

Posted by BN_menang > 2017-09-11 11:38 | Report Abuse

Gogogo RM 1.1 and 1.2 must come.

Posted by BillyK > 2017-09-11 13:04 | Report Abuse

buy 1.03/1.04

Posted by Stock Speak > 2017-09-11 17:04 | Report Abuse

more to come... engine started...

Posted by CkpStolen > 2017-09-11 23:12 | Report Abuse

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.

Posted by CkpStolen > 2017-09-11 23:14 | Report Abuse

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. ...

Posted by CriminalCKP > 2017-09-12 09:11 | Report Abuse

Holly sheeet.... ill gotten money. No wonder.