Posted by IndoPress > 2020-01-21 00:15 | Report Abuse

Protasco Bhd's MD sued for RM368m claims is on trial today | 20 January 2020
https://klse.i3investor.com/blogs/protascofraudsued/2020-01-21-story-h1482870669-Protasco_Bhd_s_MD_sued_for_RM368m_claims_is_on_trial_today_20_January_2.jsp

Posted by IndoPress > 2020-01-22 16:30 | Report Abuse

Defendant Protasco Bhd's Chong Ket Pen sued for RM368 million oil deal fall out - Biznews 20 Jan 2020
https://klse.i3investor.com/blogs/protascofraudsued/2020-01-22-story-h1482897821-Defendant_Protasco_Bhd_s_Chong_Ket_Pen_sued_for_RM368_million_oil_deal_.jsp

Posted by HoChunFuatSoul > 2020-01-22 17:47 | Report Abuse

Shame OLD CROOK. Karma.

Posted by PresidentRotiCanai > 2020-01-24 10:12 | Report Abuse

Coming

Posted by RussianRoulette > 2020-03-07 22:55 | Report Abuse

Hong Leong boys felt cheated by Chong Ket Pen. Disgusting liar.

https://klse.i3investor.com/m/blog/protascomoneylaunder/2020-03-07-story-h1484747723-Protasco_Bhd_Q4_RM712m_liabilities_a_new_record_Hong_Leong_quits_share_.jsp

The truth is Protasco debt increase to RM712 million, double net asset equity. Sick old man stolen so much money. His criminal staff Ho Chun Fuat and Hadenan died because or him. Who is next before Protasco grand close shop?

Posted by johnny cash > 2020-03-08 19:23 | Report Abuse

Bankrupt,,, soon Pn17,,,,,

Posted by Pek79 > 2020-03-09 16:29 | Report Abuse

RussianRoulette
the RM712 million is not debts, it is total liabilities. i believe you should understand the difference between these 2. Normally people won't compare the total liabilities to the cash on hand, but only the total borrowing to the cash on hand.
if you compare the previous record, the total borrowing is 379 million (short & long tern borrowing + bank overdraft), while the available cash is 180 million (Cash balance, deposite and short term investment).

the debts ratio is a bit high, but not as bad as mentioned in the page you shared, and this is not the highest ratio in the company record, the worst year is 2016. i will only said this is tough year for this company but not the worst year.

i am not worry on this company debts, but i think the most challenging for this company is the operating cash.

Posted by HoChunFuatSoul > 2020-03-14 15:55 | Report Abuse

Not much difference. Total bank borrowing and the huge payables, already RM689mil.
Minus the write off for fake PPA1M receivables etc, is already -ve NTA.

Posted by Chiayee > 2020-03-15 17:58 | Report Abuse

it used to be a cash rich company that paid high dividend..the stock price even hit 2.06 on 13/6/2014..now what has happened to prtasco?mismanagement?liars in O&G venture?

Posted by TikusLongkang > 2020-03-18 09:19 | Report Abuse

Chong Ket Pen buy shares again. ill-gotten money husband and wife. https://klse.i3investor.com/insider/director/5070/17-Mar-2020/147140_2816887231.jsp

Under Chong Ket Pen money laundering leadership, share price drop RM2.00 to RM0.11. Witness to him crime Hadenan and Ho Chun Fuat died heart attack last year. Pathetic and disgusting crook.

Posted by TikusLongkang > 2020-03-18 09:34 | Report Abuse

Chong Ket Pen in control from year 2014-2019, loaded Protasco with RM700,000,000 liabilities, up from less than RM300,000,000 just 5 years ago. Ask Chong.

Posted by TikusLongkang > 2020-03-18 09:38 | Report Abuse

Don't worry, Chong Ket Pen has a lot of ill-gotten money. He will buy more shares to cover up his wrong doings, else, may follow Hadenan Abdul Jalil and Ho Chun Fuat trail - died heart attack holding liar Chong's dirty secrets.

Posted by apolloang > 2020-03-18 09:51 | Report Abuse

ill-gotten money already in overseas and won't take back here like jho low.....hahaha

Posted by TikusLongkang > 2020-03-19 15:51 | Report Abuse

11 cents Chong is buying. If drop to 5 cents, you just buy. Chong will buy all the way up.

Chong Ket Pen potential misconduct may be investigated or charged but won't be prosecuted. Got ill-gotten money he can pay his way out using crook lawyers without feel of loss. His people Hadenan Abdul Jalil and Ho Chun Fuat died because felt guilty; Chong has no heart so he won't die. No worries.

Posted by Daim4u > 2020-03-20 08:40 | Report Abuse

Here is an interesting post right from Hong Leong research desk:

Ever since Hong Leong Research saw Chong Ket Pen's wrong doing and illegal money looting scheme right from the beginning of Chong's illegal power gain in year 2015, HL given Protasco Bhd share TP of RM0.18 back in August 2019.

https://klse.i3investor.com/blogs/hleresearch/2019-08-29-story222191-Protasco_Falling_Short_at_the_Mid_point.jsp

December 2019, CKP in order to polish his son Kenny Chong Ther Nen's promotion as the "Managing Director" of Protasco, Chong manipulated Protasco share price to reach RM0.43 to greet the dimwit. The appointment of Chong junior signifies the end of Protasco JKR Road maintenance monopoly, and the beginning of EPF, PDRM, MACC and Securities Commission probe on Chong and Sons ill-gotten money, sending Protasco right into bankruptcy destiny.

Today Protasco is traded at RM0.11, and once again as predicted, Chong Ket Pen uses "ill-gotten" money taken from Protasco to buy Protasco shares.

To recall, Chong's JKR skimming program is cheating and stealing the money from every single Malaysian. When the probe found out the trails of power abuse and wrong doing by Chong, Chong and sons shareholding in Protasco as well as their ill-gotten money shall be confiscated by government of Malaysia.

As for the obvious suspected fake PPA!M housing scam to cheat bank loans, Chong created a man-made pandemic to send Protasco towards -ve NTA (AKA bankruptcy) when the cover up broke out and the truth shoot up the roof.

Watch out the Chong-19 virus and the up coming outbreak. Already 4 out of 7 Chong's confederate died or fled during the pathogenic period. Who is next casualty before the prime evil got his turn? Ask these people* still sitting on Protasco board and senior management.

Chong's suspected joint criminal enterprise line up:

* Chong Ket Pen (suspect zero, prime evil)
Hadenan Abdul Jalil (died)
Ho Chun Fuat (died)
Lim Yew Ting (resigned)
Mohd Hanif (resigned)
* Kenny Chong Ther Nen (prime evil's son)
* Tan Yee Boon
* Tan Heng Kui


Some research references to trace the suspected criminals post inside Protasco Bhd:
https://klse.i3investor.com/blogs/governancewatch/2020-02-08-story-h1483729923-Protasco_Bhd_s_dubious_RM48_6m_Land_JV_cash_paid_to_Chong_Ket_Pen_cause.jsp

Posted by CatchCrook > 2020-03-20 10:15 | Report Abuse

Criminal suspect Chong Ket Pen and sons cheated and killed Protasco Bhd. See the evidence, you will know how Protasco money was cheated and ended up in Chongs pocket, now heading to bankruptcy.
https://lokapchong.law.blog/2019/03/09/debt-ridden-protasco-bhd-catastrophe-ppam-contract-terminations-is-a-step-to-uob-bank-default-and-pn17-how-protasco-went-from-hero-to-zero/

Posted by thesteward > 2020-04-08 10:12 | Report Abuse

I sense this one will fly soon . Keep in watch

Posted by Mohd Akmal Hakim > 2020-04-17 15:02 | Report Abuse

I am buying. Lets go prtasco

Posted by jojo85 > 2020-04-27 17:23 | Report Abuse

GoGoGo

Posted by Ridzuan Othman > 2020-04-27 21:28 | Report Abuse

Looking above 22 sen... Can go more or not.... Volume starting up

Posted by jojo85 > 2020-04-27 22:35 | Report Abuse

My 1st target 0.25..will sell if go below 0.23

Posted by RussianRoulette > 2020-05-02 21:20 | Report Abuse

CKP and sons still alive taking Protasco money? Gone case. -RM1.00 soon. Close shop. Karma.

Posted by Atamis > 2020-05-13 12:51 | Report Abuse

With sarawak gov from same coalition at federal level + more income from petronas..there is only one possiblity to prtasco. Getting more project from swak gov. Indeed this coming stimulus package after hari raya is for construction sector will be plus point.

Posted by orange11 > 2020-05-24 09:01 | Report Abuse

entry of new substantial shareholder Datuk Beh

Posted by BigPro > 2020-06-04 15:34 | Report Abuse

New substantial shareholder cannot do much... ZZZZZ...

Posted by handsome5555g > 2020-06-08 14:16 | Report Abuse

Limit up very soon. Just hold tight and collecting more. When the announcement comes out, then BOOM ! fly to the sky

Posted by traderkecilan > 2020-06-10 17:08 | Report Abuse

after i sell this counter last week...naik plak

Posted by BigPro > 2020-06-16 15:12 | Report Abuse

This stock very soon should move back to 0.40 and above....

Posted by penniless_anchovy > 2020-06-16 19:57 | Report Abuse

i hope so bigpro..cos i kinda put a lot in this stock..

Posted by Cikam > 2020-06-17 10:48 | Report Abuse

Jump in guyssss

Posted by BigPro > 2020-06-17 17:19 | Report Abuse

so many take fast profit...

Posted by aznar84 > 2020-06-17 17:32 | Report Abuse

yeah.... i shall wait...

Posted by Cikam > 2020-06-17 17:58 | Report Abuse

Same as presbhd..playing hit and run..the shooting stars

Posted by bsklshark > 2020-06-17 21:32 | Report Abuse

Im holding too , this company is worth more tn 25 cents. At least 0.35 i will sell

Posted by Cikam > 2020-06-19 14:31 | Report Abuse

Come onnnn

Posted by penniless_anchovy > 2020-06-19 20:40 | Report Abuse

bsklshark..u sold d or not?..still wait 35c?

Posted by Fellowship of the ring > 2020-06-20 15:03 | Report Abuse

Dont sell , wait until 36 -40 only sell. Valuation now is way toooooooo low to sell

Posted by Fellowship of the ring > 2020-06-20 15:04 | Report Abuse

Dont worry this shark wont bite

Posted by Fellowship of the ring > 2020-06-20 15:07 | Report Abuse

Last time i hold time almost 1.7-1.80 luckily i cabut fast if not my balls also gone. I bought back currently at 0.20 320 lots to for revenge. Payback time

Posted by shorttermtrader > 2020-06-20 16:57 | Report Abuse

Wait for the qtr result , if profitable the share price should go up to around 0.335 my personal target price. No point to sell now current share price is too low.

Posted by lokapckp > 2020-06-22 09:03 | Report Abuse

Is CKP lokap already? After siphoned Protasco cash to own pocket left over RM600mil liabilities. Betrayed Tun then betray Najib and now betray Tun again for Muhyiddin? Lets watch how big fish hostile him put him behind bar.

Posted by lokapckp > 2020-06-22 09:07 | Report Abuse

Protasco time has come. The day CKP and son behind bar, then plc got hope. Price starts moving, good sign.

Posted by SideIncomer > 2020-06-23 16:51 | Report Abuse

gogogo!

Posted by Fellowship of the ring > 2020-06-23 17:15 | Report Abuse

Tomoro can go above 0.30 BUYBUYBUY CHEAP SALE

Posted by Fellowship of the ring > 2020-06-23 17:17 | Report Abuse

If they can catch ckp and son long time already catch. Whatever he do or did we dont care as long as share price everyday up. Malaysia boleh

Posted by shorttermtrader > 2020-06-24 09:12 | Report Abuse

Prtasco go go go challenge previous high 0.295.... : )

Posted by ww123 > 2020-06-24 14:42 | Report Abuse

Can up to 0.475

Posted by strattegist > 2020-06-24 15:10 | Report Abuse

lek eleh...

Posted by shorttermtrader > 2020-06-24 15:19 | Report Abuse

Don't dream too big today can close at 0.3 is already very good liao. .... Cheer!

Posted by kingb > 2020-06-24 16:34 | Report Abuse

Meditating. Enlightenment tmr.