Posted by ykloh > 2014-07-24 12:07 | Report Abuse

Be extra careful when directors trade in their own shares. I also wonder if these directors should continue to serve in the company.

Posted by buffet88 > 2014-07-24 12:19 | Report Abuse

most directors actively trade in their own shares .... but mainly done thru nominee names so that they don't have to make announcements and nobody knows that they are the culprits

Posted by awangngah > 2014-07-24 12:46 | Report Abuse

TPY & OKA are selling maybe to raise $$$ to finance their other corporate exercises like MPCORP for instance. Since they are selling at quite a fast pace, the price is definitely affected, but since the company is fundamentally strong, it is likely for the price to rebounce once they are done selling.

Posted by mk88 > 2014-07-24 13:05 | Report Abuse

Posted by awangngah > Jul 24, 2014 12:46 PM | Report Abuse

TPY & OKA are selling maybe to raise $$$ to finance their other corporate exercises like MPCORP for instance. Since they are selling at quite a fast pace, the price is definitely affected, but since the company is fundamentally strong, it is likely for the price to rebounce once they are done selling.


selling well absorbed by buyers, the downtime is just temporary if the fundamental is good, buy opportunity

Posted by heng88 > 2014-07-24 13:18 | Report Abuse

mk88 - so can buy in again at this price?

Posted by ryan_och > 2014-07-24 13:28 | Report Abuse

ooi kok aun and tey poy yee face look cunning, they purposely push down the price for collection

Posted by Funtrade > 2014-07-24 13:33 | Report Abuse

Rest assured Protasco wont cross RM2 if Tey and Ooi left.

Posted by cytew > 2014-07-24 13:34 | Report Abuse

They have pushed up since more than a year ago from about 90 cents, now are harvesting their fruits

Posted by limpek > 2014-07-24 13:50 | Report Abuse

gone, the directors are disposing at no body business. hopeless. They are the biggest shark

Posted by talkrealreal > 2014-07-24 13:53 | Report Abuse

TPY is raising money (exiting this stock) by selling out and hop to another counter MPC

Posted by talkrealreal > 2014-07-24 13:54 | Report Abuse

TPY = Flipper

Posted by Funtrade > 2014-07-24 13:56 | Report Abuse

TPY is a snowballer, doubled his capital from one counter to another in less than one year. Might be Forbes Top 30 Malaysia richest man in 2020.

If MPcorp share price doubled in one year then really need to belanja TPY minum starbucks.

Posted by manutdchampion > 2014-07-24 13:57 | Report Abuse

so why 冷眼sell all prtasco share

Posted by ryan_och > 2014-07-24 13:58 | Report Abuse

Tey owned 58mil shares, if he really selling, he should sell slowly. I guess he push it down to his target price and collect, and share price would rise back next month quarter announcement.

Posted by patiencebig > 2014-07-24 13:59 | Report Abuse

Y such young guy can own company prot, nex etc!!! Good.

Posted by tasoke > 2014-07-24 14:02 | Report Abuse

apa nak takut. Wang tunai ada 100 mil lepas tolak loan

Posted by Amao Mao > 2014-07-24 14:03 | Report Abuse

Brace yourself... tosser-up wave coming!

Posted by Ant > 2014-07-24 14:09 | Report Abuse

seem like it going to break 1.8 today...
tomorrow...? 1.7????
... finish... liuao

Posted by speakup > 2014-07-24 14:11 | Report Abuse

tey another Kenneth Vun?

Posted by jazzzkk > 2014-07-24 14:20 | Report Abuse

heng88, there are so many counters out there, don't be stubborn

Posted by nich0las > 2014-07-24 14:40 | Report Abuse

the airport b4 12.30pm nothing happend, after financial report come out, Tenggelam Laut. keke. Hope Protasco Financial Report will UP UP UP! cheers.....

Posted by chloe_ts > 2014-07-24 14:54 | Report Abuse

the director should have know their quarter result @ 30/6. could it be bad result coming out in august?

Posted by heng88 > 2014-07-24 15:05 | Report Abuse

but always buy the wrong counters or wrong timing which is at high price

Posted by ykgykg > 2014-07-24 15:10 | Report Abuse

Sell down by Directors possibly taking pre-emptive measures. Foresee.....

Posted by nich0las > 2014-07-24 15:34 | Report Abuse

will up back later i think. They want scared u all. haha..

Posted by racktorick > 2014-07-24 15:42 | Report Abuse

1.81...

Posted by Jerryc83 > 2014-07-24 17:21 | Report Abuse

Stay calm

Posted by Funtrade > 2014-07-24 17:31 | Report Abuse

Warning, tpy throw his shares in huge chunks.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1694037

Posted by promaxsam > 2014-07-24 19:06 | Report Abuse

Throw to synticate than push up , fundamental of the company doesn't change within a day. From mr OTB

Posted by sosfinance > 2014-07-24 20:32 | Report Abuse

Guessing game is always hard. Why directors sell? What was the intention? Does the fundamental change after the selling? Who bought it? Why someone bought it? Did the MD sell a lot too? Only the seller (intention) and buyer (intention) know, the rest, we can guess whatever we want. We can debate until the cows come home and we will not get the answer. So, do not waste time speculating. Any announcements that effect the fundamental?

Posted by tjhldg > 2014-07-24 20:33 | Report Abuse

kikikikiii ...

Posted by dextronium > 2014-07-24 20:36 | Report Abuse

Last time Hevea also same thing. ...

Posted by mk88 > 2014-07-24 21:09 | Report Abuse

Posted by sosfinance > Jul 24, 2014 08:32 PM | Report Abuse

Guessing game is always hard. Why directors sell? What was the intention? Does the fundamental change after the selling? Who bought it? Why someone bought it? Did the MD sell a lot too? Only the seller (intention) and buyer (intention) know, the rest, we can guess whatever we want. We can debate until the cows come home and we will not get the answer. So, do not waste time speculating. Any announcements that effect the fundamental?

agree, just temporarily setback. will rebound once the selling dried up
price correction is opportune time to buy low too

Posted by wmliang > 2014-07-25 00:15 | Report Abuse

http://themalaysianreserve.com/main/news/corporate-malaysia/5998--protasco-land-acquisition-issues-hold-back-pr1ma-projects

Posted by wmliang > 2014-07-25 00:17 | Report Abuse

The 1Malaysia People Housing Scheme (PR1MA), aimed at providing affordable urban homes to the middle income earners, has yet to take off in any meaningful way because of land acquisition problems.

Even though the PR1MA initiative is already two years old, Perbadanan Prima Malaysia has yet to begin construction in any of its planned 23 PR1MA housing developments.

Construction and property development firm Protasco Bhd group MD Datuk Seri Chong Ket Pen said the company was ready to start building PR1MA homes in Perak and Negri Sembilan but these projects are being delayed over land matters.

“The state governments are having difficulties in alienating land for the project,” Chong told The Malaysian Reserve yesterday.

“We are very eager to develop the projects but we cannot proceed without the land approvals.

We are ready to go start with the projects.”

“They (the state) have been giving us promise months by months but still nothing seems to move on yet. We are waiting.”

Posted by eriktan > 2014-07-25 01:15 | Report Abuse

look like the price is unsustainable may drop further past 2 days almost 20 cents gone liao.....

Posted by Amao Mao > 2014-07-25 06:55 | Report Abuse

TPY buys MPcorp 15m shares, maybe that's why he sells for cash?

Posted by speakup > 2014-07-25 07:30 | Report Abuse

TPY thinks Prtasco is overvalued but MPcorp is undervalued.

Posted by Man Kit > 2014-07-25 09:47 | Report Abuse

director stop throwing?

Posted by wachxe > 2014-07-25 09:58 | Report Abuse

Low vol up, big vol down. Careful..

Posted by Firebird2 > 2014-07-25 10:01 | Report Abuse

MPCORP have land assets which can JV with Protasco to develop. Isn't it good for all parties.

Posted by Ant > 2014-07-25 10:02 | Report Abuse

they still selling the share, but I belive not lower than 1.8.

Posted by Ant > 2014-07-25 10:26 | Report Abuse

they selling at 1.84 - 1.85

Posted by mk88 > 2014-07-25 15:03 | Report Abuse

good support at 1.84/85, if no further selling

Posted by duenchan > 2014-07-25 15:22 | Report Abuse

technical stuffs mean nothing for this counter.

Posted by cva603 > 2014-07-25 17:53 | Report Abuse

midf maintained 2.9 as TP lolx... some favourables

Posted by nich0las > 2014-07-25 18:30 | Report Abuse

mr. chong will buy-back tey share or not?

Posted by bull9395 > 2014-07-25 19:51 | Report Abuse

major shareholder selling just to show you selling because they want to buy cheap. old tricks.

Posted by Rahimraya > 2014-07-26 09:46 | Report Abuse

I was told protasco is not going up. Took the effort to take closer look here.

As long time in oil industry and retiree, and also Sumatec investor i look at this wanna be protasco looks funny. Still I buy some shares, it should go up but its not. Why they kiasu tie themselves into so complicated position? Oil players buy drilling rights no string attached, and owns it, thats it. Then raise fund drilling oil. That simple. Many drill gets nothing, its part of the game. Protasco well has proven oil, already upper hand, what else better than Sumatec. Reading their announcements now we see the problem. They act smart but stupid. Thats why investor losing faith?

CEO Chong Saad is not Halim Saad. By thousand yard!

Halim Saad far away in Khazastan oil project finish acquisition overnight and done fund raising within weeks or months. Shares go up all shareholders happy. Have oil or not contract last just few years, no guarantee no asset no condition set to Khazastan, and need tons of investment, Sumatec investors care? They all made money. Many oil tycoon spend hundred millions just to buy offshore drilling rights to gamble before drilling. Many drill and fail. Oil is big boy game, oil tycoon some rights bought got oil some dont, its part of the game. One thing for sure, Share price goes up. Nobody complain because this is the industry way. Some oil major tender oil rights decision made in days and compete each other and pays to get the rights like hot cake.

On the other hand Chong Saad buy a simple oil contract act like oil tycoon, but laughable when read the funny announcement, they ask Indonesian government to guarantee pregnant, guarantee a boy, guarantee this and that (read the story i also confuse why ask all these kiasu points) but until now did not finish. Bought right is as is, investors have no problem as its part of investment cost we pay for. Why so many nonsense and that is worst off at investors cost. If not finish am sure petro indonesia will not support or even allow unclear right owner to do work. Petronas is same, all same. Now thats the problem. Oil company petro Indonesia also confuse, investor lagi confuse and fund managers who follows oil story worst off, totally confused. What is this Cina Pek doing? Pitty the Indonesia government got cheated, they could have sold the right to Halim Saad and now on the drill. Do like other oil players do, buy a contract complete it and make it clear to oil company petro Indonesia no nonsense condition and they are a player now, so they can start work, investor and foreign funds all happy like Sumatec Halim Saad did, so they buy your shares, subscribe to your right issue, you drill like other oil players, got oil or not, investors are happy because this is how the game is played.

I invest into Sumatec even without proven oil like what protasco has. My Sumatec went up more than Protasco. Lucky i invest more in Sumatec because Halim Saad knows what investors want. The wanna be is no close league. Hello Mr Chong Saad? Stop out smart the rich oil players so share price goes 2.90.

Posted by nich0las > 2014-07-26 10:57 | Report Abuse

baru top up @ 1.82, TP 2.90 not far liao. Huat ah!