Posted by tomjohor > 2014-05-17 15:04 | Report Abuse

Sebab free warrent entitlement date not yet announce mah!

Posted by jayajaya > 2014-05-19 17:08 | Report Abuse

so how sure they will give free warrants?

Posted by dragonslayer > 2014-05-19 19:14 | Report Abuse

Aiyo......come back to see see look look......aiyoyo.......still not much changes........come back again later.......ha ha ha

Posted by dalpinia > 2014-05-19 22:27 | Report Abuse

Just wait for date to confirm....already proposed to bursa....go bursa to check

Posted by davidkkw79 > 2014-05-20 15:36 | Report Abuse

Coldeye also got hold this company, worth to buy

Posted by Amao Mao > 2014-05-20 17:24 | Report Abuse

Yey, steady steady climb 3 cents today :D

Posted by Firebird2 > 2014-05-20 17:33 | Report Abuse

Yes, good for today, steady and not drop.

Posted by dalpinia > 2014-05-20 17:49 | Report Abuse

Coldeye got 1.5 million share of prtasco....follow him sure up one.

Posted by mk88 > 2014-05-20 19:20 | Report Abuse

that was in last year annual report, is coldeye still holding now?

Posted by Joel > 2014-05-21 06:39 | Report Abuse

anytime will reach more than rm2.00.

Posted by sosfinance > 2014-05-21 15:23 | Report Abuse

Protasco currently at RM1.95 undervalued and has very good potential to double in two to three years. Some of my observations (2013 profit to shareholders RM48m and market cap it about RM650m):

1. The ROCI (net of cash) for past 4 years is actually 15.3% which is very good (ROE is about 11%)

2. Only 20% of the property results is taken into 2013 accounts (RM4m), so the remaining RM20m is yet to be accounted for.

3. Oil and gas contribution will be significant, up to RM20m.

4. If you notice, 2013 vs 2012, PAT before MI is both the same, i.e. RM71m. But after MI, 2013 improved to RM43m vs RM37m. Hence, for coming quarters, higher PAT after MI is expected.

5. Current PE is about 13x, Forward PE for 2014 and 2015 is 8x and 6x respectively. Protasco should worth at least a PE 15x for 2014. Hence, the market cap should worth RM1.2billion, which is double from now. Of course, the company is awaiting the approval the free warrants;

6. Last but not least, the second largest shareholders just announced he may be transacting in the closed period.

CONCLUSION

Opportunity is still there before it is too late. Dividend is expected about 5-6%p.a. Upside 100%. De Centrum property (RM10bil) potential is GREAT with MRT line 2 coming up.

Posted by dragonslayer > 2014-05-21 22:43 | Report Abuse

Aiyo.....still no wave coming......come back again later........ha ha ha

Posted by Firebird2 > 2014-05-21 22:44 | Report Abuse

Come back later, wave sulah lepas lor.. aiyo..

Posted by mk88 > 2014-05-22 07:20 | Report Abuse

1Q result next week

Posted by lepeng85 > 2014-05-22 09:32 | Report Abuse

is good quarter result ?

Posted by Firebird2 > 2014-05-22 10:16 | Report Abuse

aiyo dragon, when wave come, too late to go surfing lor

So far so good. Very stable earnings, anything else extra will cause a spark up.
Waiting collect dividend and free warrants.


Posted by dragonslayer > May 22, 2014 09:49 AM | Report Abuse
Aiyo FB.....not enter protasco yet....no wave coming ....and wait for PP price setting first lah......it is critical......ha ha ha

Posted by sosfinance > 2014-05-22 10:35 | Report Abuse

This counter remind me of SILK. Silk went up from 30sen to 60 sen, then up and down a few times between 68 and 60 sen, before the announcement of private placement, the share went up to 88sen, and the private placement was priced at a discount at 72.5sen. Today it is trading at 22% above the placement price of 88sen.

If you notice, similarly before the private placement for Protasco, the price went up to RM2.04, then consolidate around RM1.86 to RM1.98 for a couple of weeks. The pp price if I am not mistaken is about RM1.90.

The only different is Protasco prospects definitely looks better than SILK. Should accumulate when it is not moving (like SILK, around 60 sen for many weeks) before it surge to 88sen in less than one week.

Of course, I also notice a lot of share price went up prior to the private placement, besides SILK or Protasco, similarly, Coastal also went up, and the pp price is RM4.30, after which it went up to RM5.00 plus, but now came down to about RM4.75.

Similarity aside, the fundamental and growth prospects for Protasco is far better than some of the other stocks and the forward PE is in single digit.

Posted by matrix6050 > 2014-05-22 10:38 | Report Abuse

sosfinance, i agree with you that this is one of the stock that can keep for long term :)

Posted by davidkkw79 > 2014-05-22 10:44 | Report Abuse

good observation, that why sosfinance you made money

Posted by tewnama > 2014-05-22 15:36 | Report Abuse

ya betul. ini saham ok untuk jangka panjang

Posted by dalpinia > 2014-05-22 16:47 | Report Abuse

Keep till Dec at least rm3

Posted by tomjohor > 2014-05-22 20:39 | Report Abuse

Changes in Sub. S-hldr's Int. (29B)
SCGM BHD

Particulars of substantial Securities Holder
Name DATO' SRI LEE HOCK SENG
Address MLO 5278, Kelapa Sawit
Kulai 81030 Johor.
NRIC/Passport No/Company No. 501002-71-5129
Nationality/Country of incorporation Malaysian
Descriptions (Class & nominal value) Ordinary shares of RM0.50 each
Name & address of registered holder LEE HOCK SENG
MLO 5278, Kelapa Sawit
Kulai 81030 Johor.
Details of changesCurrency: Malaysian Ringgit (MYR)
Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 21/05/2014
40,000
1.681

Circumstances by reason of which change has occurred Acquisition of shares via open market
Nature of interest Direct
Direct (units) 8,393,141
Direct (%) 10.49
Indirect/deemed interest (units) 21,500,000
Indirect/deemed interest (%) 26.87
Total no of securities after change 29,893,141
Date of notice 22/05/2014

Posted by tomjohor > 2014-05-22 20:40 | Report Abuse

Aiya, sorry! Paste wrongly.

Posted by mk88 > 2014-05-23 08:45 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/05/23/Nexgram-unit-to-partner-Protasco-for-Cyberjaya-project/

Posted by mk88 > 2014-05-23 08:46 | Report Abuse

Protasco another property dev project
Good time to buy for investment, I guess rm3 is before year end, cheers

Posted by dalpinia > 2014-05-23 11:24 | Report Abuse

agree with u mk88...

Posted by richman > 2014-05-23 14:05 | Report Abuse

www.theedgemalaysia.com latest news

Posted by ncsncs > 2014-05-23 14:15 | Report Abuse

髙股息 長期投资 笑到最后

Posted by davidkkw79 > 2014-05-23 18:51 | Report Abuse

Board directors keep on acquire on company's share, should be expected will have a handsome quarter report coming out.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1632045

Posted by dragonslayer > 2014-05-23 20:48 | Report Abuse

Aiyo...like this..Tay PY.....will be the next person to take charge of the company liao......good lor ..but he is young with full of energy......better then the existing one keep unloading the company shares.......ha ha ha

Posted by sosfinance > 2014-05-24 10:36 | Report Abuse

Just read The Star on Sat, the MRT line will have a station at UNITEN, that's exactly where Protasco's land is. [not sure it is a confirmed line or just a proposal]. Although I found it crazy, some new launches priced their condo near MRT for RM1200 psf. Potential for its DeCentrum is very good. Will augurs well for its property sale and pricing.

Property near LRT and MRT has appreciated significantly. According to an experience property guy I know, he said normally when the line is confirm, the price will goes up, when people see the physical development (advance state), the price will goes up again, and when it is finally completed, it will goes up again. That is his observation. So, opportunities is still there, at RM1.95, it is traded only at 50% of its fair value.

LAST CALL. Free (good fish), not need to pay tuition fee or learn how to fish.

Posted by Firebird2 > 2014-05-24 10:48 | Report Abuse

Thx sosfinance for the free fish. I am holding and will be adding more. Besides DeCentrum potential future, there are other potentials in the company as well. The fundamentals of the company is also very good.

Posted by wmliang > 2014-05-25 09:56 | Report Abuse

Quarter report will announce by tomorrow?

Posted by dalpinia > 2014-05-26 09:11 | Report Abuse

MRT line i already mentioned last month...it is confirm upm has 1 station which around 3km away from decentrum....latest map from source there is a uniten station also...dont care whether got uniten station or not....de cetrum will definitely sell like hot cake...

Posted by sosfinance > 2014-05-26 13:15 | Report Abuse

The new major shareholder, Tey, bought it 1.27m shares from off market on 21 May 2014. Nothing substantial but a positive note. His ACE counter and Protasco is also going into property development biz in Iskandar with a GDV of about RM400m. Quarter results due soon, should be better.

Posted by sosfinance > 2014-05-26 14:38 | Report Abuse

My mistake, the development is in Cyberjaya, not Iskandar. The JV partner is Nexgram, another counter held by Tey.

Posted by Amao Mao > 2014-05-26 15:19 | Report Abuse

Monday rally again :D Just hope it won't deflate back in end of week.

Posted by mhchai > 2014-05-26 15:24 | Report Abuse

expecring Q result to improve by 50% at least, possibly over 100% !

Posted by papa > 2014-05-26 20:10 | Report Abuse

http://www.protasco.com.my/v2/index.php/maintenance.html

Posted by lepeng85 > 2014-05-27 00:19 | Report Abuse

who is Tey ?

Posted by richman > 2014-05-27 10:54 | Report Abuse

if pro hits 2 then nex will awaken from sleep

Posted by Amao Mao > 2014-05-27 11:47 | Report Abuse

Quarterly result not yet out?

Posted by Skydreamer89 > 2014-05-27 12:11 | Report Abuse

Quarterly results should be release in the evening

Posted by lepeng85 > 2014-05-27 15:44 | Report Abuse

why so confident on its uarter result? how u guys know it will be better?

Posted by manutdchampion > 2014-05-27 17:27 | Report Abuse

quarterly result already out it good.

Posted by papa > 2014-05-27 17:29 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1635025

Posted by mhchai > 2014-05-27 17:37 | Report Abuse

> 100% improvement, is it consider good ?

Posted by 015135 > 2014-05-27 17:57 | Report Abuse

Good,6 sen dividend somemore,tomorrow sure will up！

Posted by 林俊松 > 2014-05-27 18:48 | Report Abuse

MKH 300% improvement.
http://www.thestar.com.my/Business/Business-News/2014/05/27/MKH-Q2-earnings-surge-300pct-to-RM50pt7m/

Posted by mk88 > 2014-05-27 19:02 | Report Abuse

http://www.theedgemalaysia.com/business-news/291563-protasco-1q-net-profit-up-at-rm106-million-declares-6-sen-dividend.html

hopefully price will move 2.0 plus tmrow