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THE INVESTMENT APPROACH OF CALVIN TAN
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THE INVESTMENT APPROACH OF CALVIN TAN
JAYA TIASA (4383) WAS 71.5 SEN REPOSTING THIS PALM OIL JEWEL & LATEST UPDATES, Calvin Tan
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RHB Investment Research Reports
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CKPSteal
3 posts
Posted by CKPSteal > 2019-12-17 00:13 | Report Abuse
Original: https://klse.i3investor.com/blogs/chongketpentheedge/248292.jsp
translate:
NanYang News misleading title "RM4.8 million profits" is meant to be "10 years accumulated", not yearly. That's correct.
The cronyism news of Sarawak contract awarded to Protasco Bhd is meant to just "entitle to 30% profits" to Protasco, and the news cooked up is such a joke, as if it saved Protasco from the mess.
Contract profit of RM480,000 a year profit is not even a fraction of Dato Sri Chong Ket Pen (translate) and sons yearly salaries and fees (about RM5 million a year) taken out from Protasco Bhd. The Chongs 5 years money taking scheme from Protasco Bhd of more than RM150 million (with evidence from annual report) is an open secret, hence such petty "donation of RM480,000 a year" contract is such a shame.
Perhaps the best way to save Protasco is to craw back the money taken by Chongs and remove them from the board to save cost. Rather than taking (corrupted) contracts such as this news, which might cost Protasco even more when MACC and IRB steps in years later.
As usual, Chong Ket Pen continues to use the (illegal) money taking method, by faking numbers and news, borrow more money and pay more dividend to himself, recycle those ill-gotten money and buy more Protasco shares. Cooking fake news to manipulate share price in hope to legalise his price ramping and buying spree, is not going to last. Hiring retired police and political media poison pens won't keep authorities at bay for long.
Besides the RM150 million stolen by Chongs as evidence from annual reports, Protasco under Chong's sole control has accumulated over RM730 million debt. Newspapers are as good as waste paper mill, recycling Chong's fake news.
The Edge for example, is the worst business newspaper who bankrupted itself in support of Chong's questionable activities. The fake news was repost 6 times online by The Edge over 2 days, and NanYang Press pick it up to repost the piece of trash. Press or trash, perhaps investors should do their own home work. Study a little bit deeper into Protasco quarterly accounts would see the true situation of this financial hoax in making. Before the Bursa Malaysia has any chance to recover, perhaps ugly financial write offs would take place every soon to clean up the bad apples. The "Billion Ringgit Debt" Protasco Bhd bubble is definitely larger than the RM400 million debt London Biscuits Bhd.
The sign is clear when guilt calls. Ho Chun Fuat (the CFO) and Hadenaan Abdul Jalil (the Chairman) which facilitated Chong's suspected illegal activities and his causes of the pile up of RM730 million debt in Protasco were (being) "deceased" this year. What a coincident?
After the 2 key witness (for Chong's suspect wrong doing) passed away, would Chong Ket Pen claims "being treated for Burn-Out Stress Syndrome (A.K.A Mental Illness) following London Biscuits Bhd's Dato Sri Liew Yiew Chung move when the sheet shoot up the roof? The 4 Chongs better find different excuses for "each of them" for what type of mental illness syndrome suit their characters, or no doctor would give a general "genetic mental illness prescription" across all 4 of the Chongs family.
If it does happen, this might be the first in human history for a public company white collar case to discharge “4 family members” from (suspected) crimminal crime because of having "same mental disorder syndrome"! This could be another Malaysia No.1 after being crowned the country with the eldest leader in modern history.
Source: Google News. The Edge news "spam" on behalf of Chong Ket Pen's Protasco (as of 15 December 2019):
南洋误导性新闻是说10 年”总共“可能赚马币480万吧?没看错吧?
政府裙带贪污合约被“施舍30%利益归PROTASCO”的烂新闻都拿来行骗。笑话。
一年马币48万“毛利”都不够付(CHONG KET PEN)张吉平一家4口在PROTASCO白吃白喝吸食公家薪水和公款(估计每年不下马币5百万)。被张家偷的5年里有证据的就不下马币1亿5千万了。养一般废物,做这么点塞牙动作都不够它一家骗子吃。不信看看年度报告就真相大白,铁证如山。
以其贿赂施舍这种不道德的合约捞取马币48万年毛利,然后几年后面对反贪局和所得税追讨脏款,不如把张吉平一家绳之以法,省下这般吸血鬼每年费用,再充公它们几年来非法所得,为PROTASCO讨回公道来的利索。
自从2014年非法骗到了PROTASCO,吸血鬼张吉平犯罪伎俩还是一样。给你骨头换黄金。买关系收买和压制执法当局,唬弄大众,继续做假借钱派息给自己,吸食PROTASCO后再利用非法所得买股炒股骗你吃毒药,恶性循环到PROTASCO死无翻身之地。
当年得手后的张吉平除了自己从PROTASCO骗走马币不下1亿5千万,还给PROTASCO累计债务2019年第三季度报告已经破马币7亿3千万了。读下季度报告啦。用数据说话。读笨蛋报纸,商报,财经?卖身新闻人别害人害己啦。
还有那个罪该万死的THE EDGE 基本做为废纸公司罪恶最大。这次“施舍30%利益“的废新闻被张吉平6度利用发网络新闻重复操纵灌水,把犯罪炒股当正道,把这个变扭新闻重复利用报道误导大众。THE EDGE 这样卖身求荣注定破产,南洋商报还拿来抄,比废纸厂还废。怪不得股市跌入10年谷底,报纸作废,炒底前必有惨败崩盘预兆,大事将会发生。
可爱的是 PROTASCO 张吉平可疑犯罪的两个重要证人相续“被去世”,给PROTASCO悬案增添了神秘感。何春发(HO CHUN FUAT)和哈迪南(HADENAN ABDUL JALIL)相续在今年过世。剩下张吉平父子和一群擦张吉平鞋的同谋,会不会在东窗事发时,学习马币4亿银行债务的伦敦饼干厂(LONDON BISCUIT BHD)总操手刘某,来个“精神病压力”理由,图全身以退?
如果张吉平一家4口都以同样“精神病”理由企图卷巨款潜逃,哪个精神病医生开的单必然创造世界人类历史。以企图开脱张吉平一家刑事罪精神病遗传发作为由,装疯卖傻逃之夭夭,必然名留青史!马来西亚除了迎来最老元首,还有世界纪录“上市公司一家4口”精神病逃脱法律责任,可爱不?