Posted by jayajaya > 2014-05-27 20:29 | Report Abuse

meaning another 6 sen on top the announcement on 28/04/2014 ?

Posted by sosfinance > 2014-05-27 20:38 | Report Abuse

1Q profit is up 116% from RM4.9m to RM10.6m. Management expected better result this year. Last day for dividend of 6sen is 27 June 2014, another month to go. The company has spend about RM72m for the oil and gas in Indonesia and another RM31m in a new piece of land for development.

However, management has in April, conservatively expecting the earnings growth of 15% for 2014. Chances are good they can exceed that. Actually one analyst expect it to double in 3 years time (including 2014).

Price seems to stagnant for about a month, closing at RM1.95.

Few catalysts that will materialise (bring in additional earnings):
1. Oil and gas new earnings
2. Construction for government housing RM580m contract
3. DeCentrum progressing well

Posted by dalpinia > 2014-05-27 21:05 | Report Abuse

RM2.9 in making tomorrow onwards....may revalue for higher perhaps rm3.50 for new TP.

Posted by Amao Mao > 2014-05-28 07:37 | Report Abuse

Back them when price was about 0
9 yearly dividend was 8-9 Sen, almost 10%! That was what bleeps protasco onto my radar. Now at nearly 2.00, hopefully second dividend on December will exceed 6 Sen, hehe~

Posted by mk88 > 2014-05-28 07:53 | Report Abuse

if dividend 6cts is paid twice yearly, the yield is around 6% based on current share price. still good return compared to fd and other shares

Posted by Amao Mao > 2014-05-28 09:24 | Report Abuse

No fly today despite good report...

Posted by mk88 > 2014-05-28 09:30 | Report Abuse

I guess good time to buy when price down

Posted by Joel > 2014-05-28 09:59 | Report Abuse

agreed with mk88.
I personaly hold 5000 units of Prtasco.

Posted by dalpinia > 2014-05-28 11:24 | Report Abuse

cold eye hold 1.5 millions share....follow him sure win...

Posted by bangonluck > 2014-05-28 18:25 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1637141

Posted by davidkkw79 > 2014-05-29 08:56 | Report Abuse

no wonder that Mr Tey Por Yee recently has bought in so much shares

Posted by oilguy > 2014-05-29 10:01 | Report Abuse

IreTex the new blue chip. Big bos is buying! Buy when he buys. Enter .60 and .62 waiting for .75 soon.

Posted by davidkkw79 > 2014-05-29 15:10 | Report Abuse

very less volume, no one is interesting to hold it.

Posted by mk88 > 2014-05-29 18:06 | Report Abuse

traders only buy when the stock is hot and high volume

Posted by ykloh > 2014-05-29 18:37 | Report Abuse

tey por yee reminds me of teh soon seng.

Posted by mk88 > 2014-05-29 18:59 | Report Abuse

dont think so, teh soon seng is a legend in goreng stocks eg GPlus 20, Aokam 30, what else? many more....?

por yee, what to show? his company share prices around 15cts and 2.0 stocks price. no track records yet, only records in buying strings of cheap & small companies. probably not yet

Posted by ykloh > 2014-05-29 21:06 | Report Abuse

Intention looks the same : to create a cult following. Anyway time will tell.

Posted by bangonluck > 2014-05-30 08:53 | Report Abuse

ykloh, what is his intention?

Posted by davidkkw79 > 2014-05-30 12:08 | Report Abuse

really really low volume

Posted by mk88 > 2014-05-30 12:30 | Report Abuse

consolidation and forming a strong base for next step up

Posted by Joel > 2014-05-30 15:48 | Report Abuse

almost want to rebound soon, if not today, maybe next week.
Sure up to rm2.00 above.

Posted by sosfinance > 2014-05-30 16:59 | Report Abuse

Upside for this stocks:

1. Oil and gas, better than expected (of course it can goes both ways, but it is guaranteed)
2. JV with Nextnation - RM400m development in Cyberjaya
3. Potential development in Iskandar (land bought lately)
4. De Centrum (major project RM10bil - takes 10-20 years), at the moment, contribution from property development is less than 20%.
5. Construction projects in hand RM700m, includes RM500m for low cost housing development
6. Increasing road maintenance projects (projected), which at the moment contribute 70%.
7. Land revaluation upward due to MRT Line 2 station near Uniten.

Director bought about RM3m at RM1.94 lately (although not important).

Posted by mk88 > 2014-05-31 10:13 | Report Abuse

In latest annual report, cant find Fonsiling - coldeye - name in the listing, probably sold or reduced from 1.5m shares last year

In the listing JP Morgan (Norges) is top 7 largest shareholder with about 8m

Posted by mk88 > 2014-05-31 10:14 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1641145

2013 annual report

Posted by Joel > 2014-06-01 09:01 | Report Abuse

Protasco Berhad (Protasco) is primarily involved in maintenance of
federal and state roads and other construction works, property
development and education.

• Holds road maintenance concessions with an outstanding value of
RM1.8b, which contributes to a sizable 60-70% of its net profits.

• Property development business can potentially grow by leaps and
bounds, backed by its massive RM10b integrated flagship
development, De Centrum on a 100-acre land that it owns in Bangi.

• Plans to aggressively grow its current construction order book of
RM709m with a focus on government jobs which typically yield
higher margins.

• Recently acquired a 14.4 acres land in Pasir Gudang, Johor to ride
on the property boom in the Iskandar region.

• Recent entry into the lucrative Indonesian oil and gas industry via its
63% stake in oil exploration company PT Anglo Slavic Indonesia
comes with a guaranteed return to Protasco of net profit totaling
USD22m over a span of 4 years.

• Financially sound with a strong balance sheet, while sitting on a
large cash pile of RM221m (as at 31-Dec-13) or 66.5 sen per share,
together with recurring cash flow from cash-generating concession
assets.

Posted by Joel > 2014-06-01 09:03 | Report Abuse

Valuing Protasco with a FV of RM2.90 based on
1.sum-ofparts
valuation,
2.valuing its construction and road maintenance
concessions at FY15F PER of 9x, property development business
with RNAV of RM503.7m (after applying a 20% discount), and all
other business segments at FY15F PER of 7x.

Posted by mk88 > 2014-06-01 09:49 | Report Abuse

local and foreign funds buying too, annual report 2013

Posted by Joel > 2014-06-01 12:53 | Report Abuse

So Prtasco will exceed rm2.00 tomorrow morning!

Posted by Joel > 2014-06-01 20:56 | Report Abuse

http://klse.i3investor.com/blogs/sosfinance/53445.jsp

Posted by wmliang > 2014-06-02 00:06 | Report Abuse

http://decentrum.newpropertymalaysia.com/

updated: 25may14
-Sorry to inform that all De' Centrum SOHO (Typical/Duplex) & Residences are SOLD OUT.
- There will be another upcoming project (Unipark - Phase 2) will soon OPEN FOR REGISTRATION.
- Contact us for more detail!

Posted by Joel > 2014-06-02 09:38 | Report Abuse

Good and bright future for PRTASCO !

Posted by sosfinance > 2014-06-02 10:03 | Report Abuse

Thanks wmliang. It is good news, the SOHO & Residences are sold out during this trying times for property markets. Once the MRT line 2 is officially announced, next launch will be better.

Posted by sosfinance > 2014-06-02 18:42 | Report Abuse

The market has not rerate Protasco based on its Property and O&G potential. That could double its market cap. when the results materialised.

Posted by mk88 > 2014-06-02 19:19 | Report Abuse

http://www.theedgemalaysia.com/business-news/292544-protasco-gets-jkr-contract-worth-rm21-million.html

Posted by lepeng85 > 2014-06-02 23:39 | Report Abuse

protasco has awarded a new road job again, http://www.bursamalaysia.com/market/listed-companies/company-announcements/1643501

Posted by mk88 > 2014-06-03 07:54 | Report Abuse

http://www.theedgemalaysia.com/business-news/292567-stocks-to-watch-astral-supreme-ytl-power-tnb-protasco-guocoland-mrcb-sp-setia-uem-ytl-alam-maritim-drb-oka.html

Posted by huat2628 > 2014-06-03 11:49 | Report Abuse

is it still can buy protasco now ?

Posted by ncsncs > 2014-06-03 11:51 | Report Abuse

Good buy target 2.90

Posted by huat2628 > 2014-06-03 11:51 | Report Abuse

i m newbie , any sifu can advise ??

Posted by mk88 > 2014-06-03 14:01 | Report Abuse

MIDF TP 2.90, RHB TP 2.50
read the previous comments by sos

Posted by huat2628 > 2014-06-03 16:02 | Report Abuse

thank you mk88,ncsncs

Posted by mk88 > 2014-06-04 10:17 | Report Abuse

http://www.theedgemalaysia.com/business-news/292812-protasco-has-healthy-current-order-book-of-rm700-million.html

midf tp 2.90

Posted by iafx > 2014-06-04 10:50 | Report Abuse

talking about order book, wct has 2B booked: http://www.theedgeproperty.com/news-a-views/12653-wct-to-get-rm10m-annual-boost-from-gatewayklia2.html

Posted by speakup > 2014-06-04 10:52 | Report Abuse

WCT looks good

Posted by iafx > 2014-06-04 10:55 | Report Abuse

must have patient, all it needs is a spark

Posted by manutdchampion > 2014-06-04 13:33 | Report Abuse

冷眼already sell all the Prtasco share

Posted by Joel > 2014-06-04 14:16 | Report Abuse

http://www.nanyang.com/node/625866?tid=709

See the chart, It will rebound anytime !

Posted by Joel > 2014-06-04 14:38 | Report Abuse

Prtasco also aim to secure / has chance to secure rm5 bil 筏婆罗大道

& rm12 bil 全国乡村道路网络工程。

Posted by Joel > 2014-06-04 14:54 | Report Abuse

http://www.thestar.com.my/Business/Investing/2014/06/03/Protasco-wins-RM21mil-contract-MIDF-Research-maintain-Buy/

Posted by nich0las > 2014-06-04 17:27 | Report Abuse

still can buy in i think? 1.95 TP 2.50 wor!