Posted by tallman > 2017-02-28 15:19 | Report Abuse

Con stock. Lucky sell last week.

Posted by tallman > 2017-02-28 15:19 | Report Abuse

Pui, Dui

Posted by Shorterm > 2017-02-28 16:26 | Report Abuse

CKP will buy all shares. 1.00 sure strong support.

Posted by nkk53 > 2017-02-28 20:35 | Report Abuse

used to be good div. yield stock yrs ago but things had changed a lot.Exit ....

Posted by ryan7642 > 2017-03-01 01:23 | Report Abuse

Tml technical bounce support by director n stand at 1.1?

Posted by ryan7642 > 2017-03-01 01:23 | Report Abuse

Tml technical bounce back n stand still above 1.1.1?

Posted by stockmanmy > 2017-03-01 09:13 | Report Abuse

contractor comes home to roost. No margin at all.

analysts favorite 2016 but now analysts have to explain to customers.





Protasco

28 February 2017 Kuala Lumpur - Road maintenance company Protasco Bhd revenue and profit plunge surprised the market on Monday Bursa Malaysia announcement, followed by Tuesday sell down from RM1.17 to RM1.03, or 14 cents drop. Intraday low touches RM1.00, or 15 cents away from 5 year historical support around RM0.85 not seen since 2012.

The quarterly result shocked the market especially after having bombarded with positive projections by local research houses coincidentally weeks before the result is published, market believed derived from Protasco Bhd management, seems artificially.

The repeated announcement on Protasco Bhd business prospect, together with interviews and advertorial published on business journals have caused many investors trapped at around RM1.20 before the plunge. In the short term, technical analysis may suggest 30% cut loss point would price the stock at RM0.84. Rebound would face resistance around RM1.10.

What worried the investors is the bizarre 88.5% profit drop, and less than 1% net profit margin which is now looks like freak show. The 97% PPA1M project completion looks promising, but the RM1 billion liabilities looks over committed.

investors would likely observe another quarter.



FX News

Posted by ryan7642 > 2017-03-01 10:23 | Report Abuse

Ok done buy yest n sold today for 6% technical play^^<3

Posted by Koh Wee Kiat > 2017-03-04 13:32 | Report Abuse

Stay tuned for news ahead....hahah

Posted by MonkeyShow > 2017-03-05 09:43 | Report Abuse

Not the worst yet. Ppa1m no guarantee and jib government no cash. Election coming need sponsor. When ppa1m no guarantee, money if can collect will be pay out bank and many other cost. Nothing left nevermind maybe negative. 10% contribution is 50 million Ringgit. Usual 30% sharing to contribution is 150 million Ringgit. Very soon will see the money in money out in March and June. Ask the accountant.

Posted by MonkeyShow > 2017-03-05 10:25 | Report Abuse

Chong still satey the news promoting false prospect. Here are some posibilities:

Concession. Replacement contract but siphoned half outside. Red flag.

Property development. Consumer after the property craz few years ago suddenly realise Kajang cannot sell suchh high price houses and students have plenty of choices. 115 million Ringgit should be depreciated and auction out starting at 30% discount. Potential 33.15 million Ringgit hole hidden. New project going to be like bad years in 2008-2011, start work also cannot, half way delay and no sales.

Ppa1m again is going to contribute 150 million ringgit cost out, if lucky 50 million ringgit discount. Worst case is argue and nego like the other developer ends up whole 500 million ringgit disputed. Phase 2 is gone. This is charity work. SUKE is 50% taken out, left single digit net margin and contractor has issue. Payment will be like Pan Borneo cannot sue government, sell asset and raise cash self funding. Sub contractors all knew and got stuck also, many as per company accountant demand cash payment.

Above wrap up 2017. Good quarter Mar 2017 and Jun 2017 will need to check where the cash flows. If everyone in ppa1m offer contribution to recover cash, is 30% the worst?


Now this is what management told brokers. Promitiin for a year share drop so much still promoting. 1.50 per share target price. What do you think?

@@@@@@@

Meanwhile, Protasco has clinched the maintenance work for agricultural roads in Perak state for a two year period for RM90.1 mln in February 2017. We expect the concession segment to remain well supported by an outstanding orderbook of approximately RM4.20 bln which will provide earnings visibility over the next ten years. We also note that Protasco is tendering for over RM1.0 bln worth of roadworks, including rural and municipal roads. .

Over at the property development segment, the unsold units amounting to RM115.0 mln will be recognised from 80 units of duplex for sale, which was converted from student hostels previously. Going forward, Protasco targets to launch three projects (two affordable housing projects and one commercial project) with a combined gross development value (GDV) of approximately RM880.0 mln in 2017.

We reckon that Protasco’s earnings growth in 2017 may remain subdued due to: (i) delay in projects execution for both PPA1M Phase 2 (waiting for the completion of land transfer from authorities) and SUKE projects (design and permit issues by Prolintas), and (ii) sluggish property market which saw no new launches in 2016 by the group. Nevertheless, the concession segment will recover from the renewal of two road projects, coupled with contribution from the newly secured agricultural roads maintenance contracts in Perak.

Valuation And Recommendation
As the reported earnings came below our forecast, we trimmed our earnings estimates for 2017 and 2018 by 21.0% and 11.0% to RM42.6 mln and RM52.6 mln respectively, after adjusting our earnings forecast to account for higher finance cost arising from the higher borrowings, lower contribution from construction segment amid several project deferments and sluggish property development sales. Nevertheless, we maintain our BUY recommendation on Protasco, but with a lower target price RM1.50 (from RM1.75). We think at the current share price of RM1.17, Protasco’s PER valuations at 11.6x and 9.4x for 2017 and 2018 remains attractive vs. the construction industry average of 11.0x-13.0x. We also expect its earnings recovery to strengthen in 2018 as some of its delayed projects gets off the ground.

Our target price is derived by assigning and unchanged target PER of 11.0x to its revised 2017 construction earnings, a target PER of 8.0x unchanged) to its revised 2017 concession and engineering services’ earnings, while its education and trading earnings remain pegged at target PERs of 6.0x respectively due to their smaller scale businesses. Its property development division’s valuation remains unchanged at 0.6x of
its BV.

Risks to our forecast and target price include failure to achieve the targeted construction orderbook replenishment amount, delay in project completion and failure or delay in concession contract renewals. Further tightening of monetary policies will also be unfavourable to its property development business.

Posted by nkk53 > 2017-03-18 12:56 | Report Abuse

waiting to pick up below 1.10 to average

Posted by Lee Guan Hong > 2017-03-21 21:46 | Report Abuse

Nkk do u think this counter still will rise?

Posted by CompanyKiller > 2017-03-23 14:20 | Report Abuse

Nkk is buying. Averaging 1.10 1.00 0.90 0.80. Many chance to buy.

Curious how much protasco wants to contribute to Parti Pribumi Bersatu Malaysia? Also to Pakatan? Also to Barisan? Taken so much from people of Malaysian.

Posted by CompanyKiller > 2017-03-23 16:04 | Report Abuse

Delay again.

2 choices.

Collect 500m, gear another 200m. Fill the hole.
100m discount to collect else no talk. 100m chong took. 100m for Parti A, 100m for Parti B, 100m for Parti C. If not cannot cover mouth. Balance to bank. Short fall eat yourself.
If not delay forever. Close shop.

Someone keep selling down. Wonder which insider.

But to play up. Have to goreng up 1.20 to trap more nkk type. Time to buy if wants to feel shock.

Posted by nkk53 > 2017-03-23 16:39 | Report Abuse

bought 1.08

Posted by smartly > 2017-03-24 14:47 | Report Abuse

lai liao....sapu...

Posted by nkk53 > 2017-03-25 09:57 | Report Abuse

Make money yrs ago while under Ckp managenent.No reason to lose this round.Those badly hurt,pl dun complain about sour grapes.Just be happy and carry on trading.In life,you gain and sometimes lose some.

Posted by Pimp62 > 2017-03-26 17:40 | Report Abuse

During tun daim time ckp makes money for his boss. Ckp was a good boy.
After ckp took control price keep coming down, capital losses more than dividend. Ckp bad boy.
Some people just have to be put in cage and watch from distance with a cane.

Posted by Pimp62 > 2017-03-26 17:49 | Report Abuse

Those got burn by ckp, buy average down and trade small profits whenever rebound. Else never gets to see the light. Dividend last 2 years just sour than lemon, gives 3 sen share price drop 10 sen after dividend.

Posted by sasword > 2017-03-28 09:29 | Report Abuse

Keep buying sour grapes lah...no one going to stop u loh...

Posted by PaPaAbangWanMoniPP > 2017-03-30 13:52 | Report Abuse

Insider negotiation. Project success, what to be shared.

Actors and Chong was there, glory. Good show finished.
Uob 400mil and term 50mil loan, plus interest 24 months 60mil. Total 510mil.
After big show, collection 31 Mar 2017 should be 500m. If deduct 8% witholding, 460mil. No guarantee.

To collect before election also need cost, 30% maybe 150m. Cover corruption 50m later.
Congrad on successful completed ppa1m. PaPaAbangOneMoney.

Posted by Countdown > 2017-04-06 08:50 | Report Abuse

MACC detains director, wife and 2 others

Charles Ramendran
newsdesk@thesundaily.com


KUALA LUMPUR: A director of a government agency under the Rural and Regional Development Ministry and his wife were among four people detained yesterday by the Malaysian Anti-Corruption Commission (MACC) over power abuse and corruption involving millions of ringgit.

Sources revealed that the 54-year-old director had allegedly granted projects to contractors he favoured for miscellaneous supplies for his agency.

In order to keep the contractors in business for future projects, he allegedly demanded and took kickbacks from them.

Investigators also learnt that the contractors had also formed several other companies which were used when submitting quotations for tenders.

This, sources said was a ploy used by the suspects in confusing a committee that picked the award of such projects.

The Selangor MACC arrested the director yesterday at a hotel in Bagan Lalang, Sepang at 12pm.

His 36-year-old wife who is an administration assistant in the same government agency was detained at her office while two contractors linked to dealings with the director were held at Shah Alam and Alor Star, Kedah soon after.

Sources said investigators are compiling information on the projects the director had approved and awarded to his cronies and the kickbacks involved.

Selangor MACC director Datuk Wan Ramli Wan Abdullah who confirmed the arrests said a remand order will be sought to further detain all four suspects today.

Last month, a senior official of the federal Rural and Regional Development Ministry, who is a Datuk, and two of his family members were detained over alleged corruption involving tens of millions of ringgit.

The MACC uncovered and seized cash and other luxury items amounting to millions of ringgit from the official following a raid at his house in Subang Jaya.

Posted by Countdown > 2017-04-06 08:54 | Report Abuse

1.09 0.99 0.79 0.59
30 May 2017
Don't worry. Chong Ket Pen will keep buying.

Posted by Kabali > 2017-04-07 01:24 | Report Abuse

Dividend 3c coming?

Posted by TahiKucing > 2017-04-11 19:43 | Report Abuse

Not all lawyers are devils. Cannot get what they want doesn't mean they can sell the client or cause harm to client. Simply trust lawyer too much also means suicide. What happen to Protasco is clear example. Company is ok, but what the people on the board doing are questionable. Lawyers link to them all turn devil and hungry ghost, at the end burn Protasco to hell. Direct and indirect all originated from Protasco. Bursa is a place to allow reckless monster do what they like and call other people devil, and nothing authority can do about it.

Posted by Peter2357 > 2017-04-11 21:06 | Report Abuse

protasco justannounced it has been awarded a road maintenance contract valued rm49.9 in Trengganu.
Also recently declared interim dividend of 3 cts per share.

Posted by Peter2357 > 2017-04-11 21:07 | Report Abuse

rm49.9M

Posted by excelyou > 2017-04-12 10:10 | Report Abuse

Undervalue GEM

Posted by ChewJB > 2017-04-12 12:07 | Report Abuse

At this economy, over priced market cap and drop of contract values as seen in last Q, 499M contract also cannot justify the valuation.

Posted by Chengkai Kok > 2017-04-14 19:46 | Report Abuse

Tday buy in 1.08 ..Election theme stock,rally is coming soon..

Posted by ConManChong > 2017-04-19 08:38 | Report Abuse

Reverse thinking, election coming and money will go missing.
Last quarter result drop to negative. Chong eke out rm2mil fake profit, means 4 quarters only rm8mil net profit. P/e 10x market cap is 80mil. Or RM0.20 per shares.

Posted by littlebro > 2017-04-21 14:54 | Report Abuse

london bridge is falling down.. falling down

Posted by CountDownZero > 2017-04-21 20:13 | Report Abuse

Wtf selling again.

[PRTASCO] Change In Director's Shareholding - TAN YEE BOON on 20-Apr-2017
Stock [PRTASCO]: PROTASCO BHD
Announcement Date 20-Apr-2017
Director's Particular:
Name TAN YEE BOON
Address -
Details of Changes:
Currency Malaysian Ringgit (MYR)
Type Date of Change Number of Shares Price
Disposed 20-Apr-2017 100,000 1.080
Nature of Interest Direct
Shares Ordinary shares
Reason Disposal
Consideration
Total no of securities after change
Direct (units) 0
Direct (%) 0.00
Indirect (units) 0
Indirect (%) 0.00
Total (units) 0
Total (%) 0.00
Date of Notice 20-Apr-2017

Posted by littlebro > 2017-04-25 11:29 | Report Abuse

more bad news will surface

Posted by Kamaitsuhaimimerah > 2017-04-26 08:07 | Report Abuse

What bad news? Its good news supporting government. Government need money all contractors from Amadzaki to Zidan all has to contribute. Potasco avoided contribution tidak mungkin. Pasti datang nanti. Good for country and people.

Posted by Kamaitsuhaimimerah > 2017-04-26 08:09 | Report Abuse

Potasco bayar lah rm500juta? Sikit sahaja. Untuk rakyat. Br1m perlu contribution.

Posted by kilingkong > 2017-04-28 12:11 | Report Abuse

NOTICEISHEREBYGIVENTHATtheSixteenthAnnualGeneralMeetingoftheCompanywillbeheldatTheFunctionRoom,9th Floor,DeCentrumTower @ De Centrum City, Jalan Ikram-Uniten, 43000 Kajang, Selangor Darul Ehsan on Thursday, 25 May 2017 at 11.00 a.m. to transact the following businesses:
AGENDA
1. ToreceivetheAuditedFinancialStatementsforthefinancialyearended31December2016andtheReportsofDirectorsandAuditorsthereon.
2. 3.
4. 5. 6. 7.
8.
To approve the payment of Directors’ fees and benefits.
To re-elect the following Directors retiring in accordance with Article 70 of the Company’s Constitution:
(i) Dato’ Sri Ir Chong Ket Pen
(ii) Dato’ Sri Su-Azian @ Muzaffar Syah Bin Abd Rahman
To re-elect Lim Yew Ting retiring in accordance with Article 76 of the Company’s Constitution.
To re-appoint Tan Sri Datuk Dr Hadenan Bin A Jalil as a Director of the Company.
To appoint Messrs Crowe Horwath as auditors of the Company and authorise the Directors to determine their remuneration. To consider and if thought fit, to pass the following resolution, with or without modifications:
ORDINARY RESOLUTION - AUTHORITY TO ALLOT SHARES
(Ordinary Resolution 1)
(Ordinary Resolution 2) (Ordinary Resolution 3) (Ordinary Resolution 4) (Ordinary Resolution 5) (Ordinary Resolution 6)
(Ordinary Resolution 7)
9.
THAT the Directors of the Company be authorised to take all such steps as are necessary and enter into all other agreements, arrangements and guarantees with any party or parties to implement, finalise and give full effect to the aforesaid purchase with full powers to assent to any conditions, modifications, variations and/or amendments (if any) as may be imposed by the relevant authorities from time to time to implement or to effect the purchase of its own shares.”
To transact any other business of which due notice shall have been received.
“THAT pursuant to Section 75 of the Companies Act 2016 and subject to the approvals of the relevant authorities, the Directors be empowered to allot shares in the Company from time to time at such price, upon such terms and conditions, for such purposes and to such person or persons whomsoever as the Directors may in their absolute discretion deem fit provided that the aggregate number of shares issued pursuant to this Resolution does not exceed 10% of the total number of issued shares of the Company for the time being and that the Directors be also empowered to obtain the approval from Bursa Malaysia Securities Berhad for the listing of and quotation for the additional shares so issued
and that such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company.”
To consider and if thought fit, to pass the following resolution, with or without modifications:
ORDINARY RESOLUTION - PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY (Ordinary Resolution 8)
“THAT subject to the Companies Act 2016 (“Act”), the Company’s Constitution, the Main Market Listing Requirements of Bursa Malaysia
Securities Berhad (“Bursa Securities”) and requirements of any other relevant authorities, the Directors of the Company be and are hereby authorised to purchase its own shares through Bursa Securities, subject to the following:
(a) (b) (c)
(d)
(i) (ii) (iii) (iv) (v) (vi) (vii) (viii)
The maximum number of shares which may be purchased by the Company shall not exceed ten per centum (10%) of the total number of issued shares of the Company at any point in time;
The maximum fund to be allocated by the Company for the purpose of purchasing its shares shall not exceed the retained profits of the Company;
The authority conferred by this resolution will be effective upon passing of this resolution and will continue in force until:
(i) the conclusion of the next Annual General Meeting (“AGM”),at which time the said authority will lapse, unless by an ordinary
resolution passed at that meeting, the authority is renewed, either unconditionally or subject to conditions; or
(ii) the expiry of the period within which the next AGM of the Company after that date is required to be held pursuant to Section
340 of the Act (but shall not extend to such extensions as may be allowed pursuant to Section 340(4) of the Act); or
(iii) the authority is revoked or varied by an ordinary resolution passed by the shareholders in a general meeting;
whichever occurs first;
Upon completion of the purchase(s) of the Shares by the Company, the Shares shall be dealt in the following manner as the Directors of the Company may decide:
cancel the Shares so purchased; or
retain the Shares so purchased as treasury shares; or
retain part of the Shares so purchased as treasury shares and cancel the remainder; or distribute the treasury shares as dividends to shareholders;
resell the treasury shares or any of the shares in accordance with the relevant rules of Bursa Securities;
transfer the treasury shares, or any of the shares for the purposes of or under an employees’ share scheme;
transfer the treasury shares, or any of the shares as purc

Posted by kilingkong > 2017-04-28 12:14 | Report Abuse

TheFunctionRoom,9th Floor,DeCentrumTower @ De Centrum City, Jalan Ikram-Uniten, 43000 Kajang, Selangor Darul Ehsan on Thursday, 25 May 2017 at 11.00 a.m.

Datang ramai ramai minta wang dari Chong Ket Pen, dan anak anak ia Chong Ther Nen dan Chong Ther Vern, gaji bila naik. Yang ada saham tanya saham bila nain.

Mahu masuk lihat Chong bapak dan anak anak, harus beli saham sebelum 17 May 2017.

Posted by sasword > 2017-05-09 11:52 |

Post removed.Why?

Posted by nkk53 > 2017-05-09 17:02 | Report Abuse

pick up 1.05

Posted by necro > 2017-05-10 14:40 | Report Abuse

main saham sampai jd gila..pity

Posted by Investeye > 2017-05-11 09:35 | Report Abuse

As the price is almost one year low, further down may provide opportunity to accumulate..

Posted by thesteward > 2017-05-15 16:24 | Report Abuse

;-)

Posted by Kboom > 2017-05-16 13:27 | Report Abuse

Why drop again? Buy 1.10, 1.08 now 1.05 again. Keep coming down. Buy until when?

Posted by excelyou > 2017-05-16 13:34 | Report Abuse

Opportunity to buy at low

Posted by CKP2JAIL > 2017-05-17 21:00 | Report Abuse

Fake developer share price everyday drop. Dividend fake also not enough to cover share loss. Chong Ket Pen will keep stealing money send oversea and buy shares. Buy WCT, UOA or EKOVEST. Real developer.

Posted by angkokann > 2017-05-19 10:57 | Report Abuse

cheap sale

Posted by ltw1123 > 2017-05-22 15:05 | Report Abuse

Is this counter worth to invest? Share price is low now.

Posted by Alex Lim > 2017-05-22 15:10 | Report Abuse

dont touch first...wait for Q result. Should be bad like last Q. Trapped...