Posted by sosfinance > 2014-04-29 10:38 | Report Abuse

1. Most analysts' buy or sell or hold call normally is based on one year horizon. Nothing wrong with that, to relook at the situation yearly ask new variables or existing variables can effect the Company.

2. For medium term investor, a more considerable horizon to look at is 3-5 years. It is very difficult to look at longer than that unless is a concessionaire of toll roads, IPPs, water, etc.

3. Best if you can spot a counter that earnings can double say in 3-5 years, and at the moment is traded half of the price. Protasco is one of them. Profit now is about RM40m. Projected to be RM80m in 2015 (the conservative analyst). Forward PE of 8 times.

4. Also not forget, this earnings should be sustainable and visible.

Posted by lepeng85 > 2014-04-29 18:19 | Report Abuse

such as good new also wouldn't up....sigh

Posted by mk88 > 2014-05-01 12:44 | Report Abuse

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=P&securityCode=5070

Posted by Amao Mao > 2014-05-02 09:44 | Report Abuse

Thanks for sharing bro

Posted by sosfinance > 2014-05-02 12:18 | Report Abuse

1.Dividend normally announced twice a year. They hv just announced (Apr), 6sen. Another dividend announcement is in Dec 2014, expected another 6 sen (based on increased cash flow and profits expectation). DY = 12sen/190sen = 6.3%p.a. Fixed Deposits in about 3.0%p.a.?

2. Intrinsic value, EPS expected to double in 3 years. Using Benjamin calculation, assumed Protasco double their EPS in 10 years, hence the CAGR = 7.2%. Intrinsic value = RM2.74 per share. This is based on very conservative projections (worst case).

3. Using a more realistic case, say they double their EPS in 6 years, CAGR = 12%. The intrinsic value = RM3.90 per share.

4. Let's just say the price takes 6 years to double to RM3.80, your capital gain = 12% p.a. & DY = 6% p.a., your CAGR = 18% p.a for 6 years.

5. Buy and keep it. If the price double even before 6 years, then your compounding will be higher. Buy a lot, and keep it.

Posted by sosfinance > 2014-05-02 12:21 | Report Abuse

1. If you invest today in Protasco RM100k, after 6 years, you will have RM270k

2. If you save if Fixed deposits RM100k, after 6 years, you will have RM120k.

Posted by dalpinia > 2014-05-02 13:27 | Report Abuse

by year end already rm2.5....2015 would be rm3.5.....2016 rm4

Posted by mk88 > 2014-05-04 11:40 | Report Abuse

In Edge weekly magazine - Decentrum City next Mont Kiara of KL South, 10 bil

Posted by Melaos > 2014-05-04 15:07 | Report Abuse

the chart looks bearish though..

Posted by sosfinance > 2014-05-05 13:32 | Report Abuse

De Centrum, very near Infrastructure University KL is about 8km away from the Kajang MRT(Line 1) station, i.e about 10minutes drive. Development that is near major INFRASTRUCTURE line will have good upside. De Centrum development will have price upside.

This is a great buying opportunity for LT investors.

Posted by Amao Mao > 2014-05-05 16:04 | Report Abuse

Nose-diving again, heart-attack, help~ someone call ambulance XD

Posted by dalpinia > 2014-05-05 23:10 | Report Abuse

MRT LINE 2 station at upm is nearer compared to Ksjang line 1. Insider news, will add 1 more station at uniten/IUKL (PRTASCO's subs co)

Posted by dalpinia > 2014-05-05 23:10 | Report Abuse

Today SinChew daily put this news

Posted by dalpinia > 2014-05-05 23:13 | Report Abuse

Buy now.....it confirm either the mrt 2 station is confirmed at upm which is around 2km from iukl. If Uniten/IUKL station is vonfirm then price lagi shot up......buy now.....cheap sales now

Posted by sosfinance > 2014-05-06 09:33 | Report Abuse

1. The Edge has feature the MD's view on its 100 acres land for De Centrum City. The trick is, the speed of the development is under Protasco's control, as the land was bought around 1995 and fully paid.

2. Whether it is developed over 10 years or 15 years, I believe, is hard to tell, it always depends on circumstances, new MRT line 2, recovery of housing after GST and short of supply, urbanisation rate near MRT, new highways to Putrajaya/Cyberjaya etc. The fact is Protasco has sustainability.

3. At 186sen, with dividend of 6 sen, technically your cost is only 180sen. From a fundamental investor perspective it is very attractive, because your dividend yield (assume dividend 12 sen) is 6.4%. The last I check, conventional bank gives about 3.1% p.a. for 12 months FD.

4. Recent run down of small cap stocks and weak sentiment, is a good time to accumulate. Of course, the lower the better.

Posted by dalpinia > 2014-05-06 09:56 | Report Abuse

186 is lowest already....soon it will shot up rm2 as 10 free 1 warrant await us also other than the 6 cents div announced....free warrant more attractive....buy and keep 1 yr u will be rewarded

Posted by dalpinia > 2014-05-06 09:57 | Report Abuse

By year end target rm2.9 as what midf predict

Posted by kenken85 > 2014-05-06 10:02 | Report Abuse

Where is the free warrant being announced?

Posted by mk88 > 2014-05-06 11:52 | Report Abuse

Waiting quite sometime for free warrants. wonder when
Is it still hibernating in oven, later turned to free golden warrants??

Posted by Amao Mao > 2014-05-06 16:50 | Report Abuse

If 1:10 warrant at RM1, it's equal to have another 10 cents to bonus, if another 6 cent is declared for 2nd dividend this year, a total yearly return will hit 22 cents!! That is >10% return p.a.!

Posted by dalpinia > 2014-05-06 16:58 | Report Abuse

true...

Posted by dalpinia > 2014-05-06 16:59 | Report Abuse

1 of the best dividend stock in BURSA

Posted by dalpinia > 2014-05-06 16:59 | Report Abuse

such a pontential growth stock with excellent dividend....really cannot find already....who can find other stock better than this...tell me....

Posted by Amao Mao > 2014-05-06 17:51 | Report Abuse

Dalpinia you Protasco CEO's daughter hia? XD Joking~

Posted by dalpinia > 2014-05-06 23:25 | Report Abuse

Then u tell me other stock having better potential pls?

Posted by sosfinance > 2014-05-07 12:17 | Report Abuse

This is one of the few stocks that you can double your money in 3-4 years.

Posted by dalpinia > 2014-05-07 21:44 | Report Abuse

Totally agree....

Posted by sosfinance > 2014-05-08 14:11 | Report Abuse

1. There is a long write up from this week Edge by the MD on DeCentrum. The progression from Construction and trading of building materials to become a developer, give Protasco some competitive edge.

2. Just a very simple calculation from DeCentrum, RM10 billion, say in 20 years (MD said 10-15 yrs), hence, yearly GDV = RM500m p.a.. Conservatively, assumed profit of 20%, expected profit is RM100million p.a over a period of 20 years.

3. Protasco has other profitable businesses, construction of low cost housing for Government, about RM600m. (assumed over 5 years, say PBT of 10%, contribute RM12m pa.)

4. Maintenance of roads based on last 2 years PBT of 80-120m p.a.

3. Oil and Gas, guarantee profits of about RM20m p.a.

4. Educations make about RM2m for last two years.

5. OK, long term profits (average), p.a.
Property Development = RM100m
Construction of Government housing = RM12m
Maintenance of Roads = RM80m
Oil & Gas = RM20m
Education = RM2m

Total = RM214m

Lets give a more conservative earnings, say, 80% of 214m, average = RM170m

6. Capitalisation of RM170m x PE of 12 times = RM2.1 billion. Today market cap it RM630m.

7. Conclusion: Buy, with good upside and limited downside, dividend yield of 6% p.a. Have not consider the free warrants 1:10.

Posted by firebird2 > 2014-05-08 14:22 | Report Abuse

Shares issued, 334,235,090.
Expected earnings Rm170,000,000
Estimated EPS = Rm0.50
If assumed PE=12, Price = 12x0.5 = Rm6.00
When the earnings comes in, lets see.

Posted by novice8 > 2014-05-08 14:31 | Report Abuse

Firebird! Are you in?! I'm collecting it as my mid long term counter. Attractive dividend yield. Personally I feel it should worth more than two at least.

Posted by firebird2 > 2014-05-08 14:38 | Report Abuse

Yes novice8, I am in. So, while waiting for the projects to bear fruit, I enjoy some dividends too, they do pay very well. I heard the MRT will be extended to near the DeCentrum project. Contrary to what some investors believe, its barren land if its not developed, but it will turn into a magnet once you have development.

Posted by sosfinance > 2014-05-08 16:08 | Report Abuse

1. Frankly, it is quite tough to know whether the place will turn out to be a magnet or barren land. However, if we look at it logically, with new infrastructure (NEW HIGHWAYS) and possible line 2 MRT, and the speed of development is under the control of Protasco, probability is better. They are not far from Putrajaya and Cyberjaya.

2. Even expert can be wrong, because many years back, they cannot predict the NEW HIGHWAYS (unless they have the blue print) or MRT station. I was told landed property is selling about RM700k.

3. The trick is actually up to the developer, once the INFRASTRUCTURE is in. Look at Bandar Utama, look at Setia Alam, look at Kota Damansara. These places is once upon a time plantation land with LOUSY access.

4. With proper planning, since the entire land belongs to Protasco, chances are GOOD that it is make into a GREAT CITY. Of course it takes years.

Posted by Amao Mao > 2014-05-08 17:20 | Report Abuse

Glad am in few years back when price was <RM1, hohoho~ Awaiting funds to come I wanna buy more!

Posted by Joel > 2014-05-09 14:32 | Report Abuse

http://www.nanyang.com/node/619767?tid=688

Invest Prtasco for future earning !!!

Posted by sosfinance > 2014-05-09 16:07 | Report Abuse

Besides Protasco, SILK is also doing well. Both have potential of growth. One with good track records, the other restructured into toll plus OSVs. If you are patience, can double in 2-3 years for both stocks because both are UNDERVALUED!

Silk is up 10% today. Protasco is, waiting?

Posted by sosfinance > 2014-05-12 09:58 | Report Abuse

So far, only 2 analysts cover this stock. Based on their analysis, the growth in earnings is 25% to 30% p.a. It is rather aggressive (for next 3 years). The MD has announced in the press that he expect 15% growth in EPS for 2014. I believe it is very conservative and he can easily achieve more than 15%.

Let us say the compounding long term growth is 15% p.a. (>5 years), the price would double in a few years time.

Catalyst for the growth:
1. DeCentrum
2. Oil and Gas
3. Low Cost housing for governments
4. Expected more maintenance job for highways

The existing earnings now is about RM48m. The based is low, the contribution from DeCentrum can double it in a few years time.

Posted by Firebird2 > 2014-05-12 10:42 | Report Abuse

What an investor can look forward to, as confirmed now
1. 6cents dividend 25/6 ex
2. 1 for 10 FOC warrants pending

Posted by Amao Mao > 2014-05-12 10:49 | Report Abuse

Fly today wo~

Posted by Firebird2 > 2014-05-12 10:57 | Report Abuse

Amao, sure fly, good things coming ma

Posted by Amao Mao > 2014-05-12 10:59 | Report Abuse

Opps, losing steam...

Posted by dalpinia > 2014-05-12 11:36 | Report Abuse

free warrant going to confirm, buy now before it fly

Posted by dalpinia > 2014-05-12 11:36 | Report Abuse

target rm2.9

Posted by pfl1119 > 2014-05-12 11:42 | Report Abuse

No worries, just relax and see it fly....

Posted by Firebird2 > 2014-05-12 11:45 | Report Abuse

don't relax, buy more now before reach target 2.90

Posted by pfl1119 > 2014-05-12 11:51 | Report Abuse

How come you also know the TP is 2.90

Posted by tomjohor > 2014-05-12 11:54 | Report Abuse

Read today's Sin Chew Daily then you will know. Now start fly, 1.97...

Posted by Firebird2 > 2014-05-12 12:04 | Report Abuse

Roughly what Sin Chew say? thx

Posted by tomjohor > 2014-05-12 12:07 | Report Abuse

Now 2.00, Sin Chew said Protasco is good company, buy, TP 2.90 by MIDF. But always remember buy at your own risk...

Posted by dalpinia > 2014-05-12 12:11 | Report Abuse

high dividend, high growth, highly stable stock....really cannot find in KLSE anymore

Posted by dalpinia > 2014-05-12 12:12 | Report Abuse

pls invest your 80% portfolio of your total investment in this stock for 1 year....u will rewarded hugely