buy below 70 sure goes up. Najib mistress Chong ket pen sure cry to Tun Mahathir and gets away. Protasco traitor to Tun mah, so traitor to Najib is "normal". Kill people also can escape as long selling soul. lolol.
Right now maybe share price 0.50-0.60 if Najib contacts not freeze. Write off Najib contracts maybe worth 0.25 or less relied on 1 piece of non-prime land in Kajang. If left with just a land, can consider other bigger property asset companies selling cheaper discount right now. Protasco betray Tun and sold soul to Najib. Wrong camp. Gone case.
Construction dep for najib,road maintenance for gov
Lol!! Finally CKP sleeping with Najib to do all kinds of crime reveil.
Construction is 100% Najib pet project. Road maintenance was “awarded and renew” under “Najib” government. FYI PKR boy and suWei, the “former” government means “Najib” lah. Go inside and investigate you will know “where protasco money gone”.
PKRPACA Is this really najibs project or it was serving the Malaysian general? why so much hate calls for this share? 14/05/2018 18:04
Su Wei as my information...Construction dep for najib,road maintenance for gov 14/05/2018 18:22
Awas! Sudah mau sampai 1 bulan. Harimau besar ada banyak duit pasti akan muncur makan olang. Beli sikalang 65 60 55 sampai 50. pasti naik 70 bila harimau keluar. Ayoh beli!
How you all know chong ket pen betray tun? He only close to najib to get business, of cause has to support najib to pay back. He loves najib but he still loves tun.
Chong busy kissing PKR backside because betrayed Tun and support Najib. He sure buy more shares to show kissing PKR to cover up himself. Buy 58-60 sure up.
CatchCrook Bought 67 and 655. Chong will buy to avoid kena tangkap gone case. Buy more later sell to him. Lol. 15/05/2018 18:18
Stock: [PRTASCO]: PROTASCO BHD May 15, 2018 10:32 AM | Report Abuse
Awas! Sudah mau sampai 1 bulan. Harimau besar ada banyak duit pasti akan muncur makan olang. Beli sikalang 65 60 55 sampai 50. pasti naik 70 bila harimau keluar. Ayoh beli!
The son is Chong Ket Pen purposely slot in to take salary. Cost centre.
Problem is like the Barisan Nasional. 1 person only.
Protasco's problem is Chong Ket Pen, and his cronies not gone or captured, no hope. Gone case.
Paid so much to get close to Najib now betray Najib so fast? Traitor. Your UMNO people still inside Protasco. Resigned? Cannot go to Tun. Traitor, die faster if go close. Anwar also hate traitors. Get closer and its suicide. Go to PAS Kelantan and good luck. Migrate Kelantan please.
first time attended prtasco agm yesterday to see what type of management they are. It's really one kind, no one bother to brief shareholders about company past performance and future plan/prospect but just let the powerpoint ran by itself expected ppl to read from screen? that chong ket pen sit like statue not utter a word attitude need to improve just chairman did all the talking. my impression is this is not a shareholders friendly and transparent company.
finally insider reality kicks in and exposed the lies. Salute to Hong Leong Research team.
RM2m loss in 1Q18 was a negative surprise, below ours and consensus expectations of profits. The result disappointment was due to losses for construction (timing gap) and property (no new launches). Road maintenance saw strong PBT growth of 112% YoY but we see risk of lower federal government spending. Cut FY18-19 earnings by 22% and 20%. Downgrade to SELL from Hold with TP of RM0.47 (from RM1.00).
Below expectations. Protasco reported 1Q18 results with revenue of RM157.5m (- 50% QoQ, +19% YoY) and loss of RM2.1m (4Q17: profit of RM8.7m, 1Q17: profit of RM3.3m). Needless to say, the results were below expectations compared to our full year profit forecast of RM35m (consensus: RM44m). The disappointing results were due to the construction and property divisions which were loss making.
Construction in the red… While construction revenue picked up QoQ by 139%, it was still down 54% YoY. Owing to fixed cost incurred, coupled with low revenue, the division sunk back into the red (RM1.3m loss). Note that construction barely broke even in 4Q17. The slow pick up in revenue was due to timing gap between completion of PPA1M Phase 1 and progress ramp up for Phase 2 (RM301m) (now 14% complete). Management guides that work on Phase 4 (RM434m) will only take place in 4Q. We turn cautious on the overall job flow prospects given the change in administration (post GE14) as mega projects are either placed under review or scrapped.
...and property too. Property revenue was almost non-existent given the absence of any new launches last year and YTD coupled with slow inventory sales. Consequently, the division remained loss making (RM2.6m) for the 2nd consecutive quarter. In terms of new launches, management shared that it will be launching (i) shop lots in Pasir Gudang (RM120m) once bookings hit 30%; and (ii) Telipot Apartment, Kota Bahru (RM160m) towards mid-year.
Downside for maintenance? On a brighter note, road maintenance saw revenue and PBT surge strongly by 90% and 112%, respectively. However, we turn slightly cautious on this division as maintenance of federal roads could be scaled back as the new administration attempts to rationalise its expenditure.
Forecast. We cut FY18-19 earnings by 22% and 20%, respectively after imputing (i) lower construction margin; (ii) scaling back orderbook execution; and (iii) lower road maintenance works.
Downgrade to SELL, TP: RM0.47. Aside the earnings cut, we also lower our P/E target from 12x to 7x (at the lower end of its historical range) tagged to FY18 earnings. In view of the results disappointment, coupled with the gloomy sector outlook for contract flows, we downgrade our rating on Protasco from Hold to SELL with TP of RM0.47 (from RM1.00).
Source: Hong Leong Investment Bank Research - 31 May 2018
01-Jun-2018 Insider ENCIK SUHAIMI BIN BADRUL JAMIL (a company director) acquired 20,000 shares at 0.520 on 31-May-2018. 01-Jun-2018 Insider ENCIK SUHAIMI BIN BADRUL JAMIL (a company director) acquired 5,000 shares at 0.515 on 31-May-2018.
31-May-2018 Price Target Protasco Bhd - Uncertain Sector Outlook To Weigh On Prospects Source : Malacca Securities, Price Call : HOLD, Price Target : 0.62 Last Price : 0.525, Upside/Downside : +0.095(18.10%)
So many events to "coincident" happen in Protasco. Alliance and photo with Najib also coincident. Money missing also. Get road contract also. Loss making also. Director resign also. Sandiwara CKP thumbs up. Anwar's cell is vacant. Heard CKP went for Anwar. Pre-book the cell izit?
lolol. Oh Yes. Try cutting your own arm and eat yourself. Good dividend. See how fast you die lor eating own flesh. That's Protasco dividend. Good luck.
PH will not touch toll and road maintainence companies as it will be costly to review or rescind the Contracts.They have their full now on tackling 1MBD and other mega projects(mostly linked to China).Protasco share price will rebound once the dusts are settled
With or without revoke contract, ckp still takes all the money and gives you nothing. Maybe a loss making account. Makes no difference.
Read annual report. Why chong ket pen takes rm50million fees and dividend while company making a loss last few years? Where is bursa and sc?
How come company money gone so fast just 1 year? What ckp did to our policemen thinking to even cheat them to pay for his scheme with najib? Najib paid him favor? Why support najib election? Where is macc?
protasco shareholder and staff can report polis or sprm on the money trail. how come same revenue and profit all gone. someone must have approved and someone must have took it. not you and me then who?
Looking back chong ket pen trails. This traitor is a con man to the extreme. A fraud and links to potential illegal money laundering trail not less than 1MDB in making.
Who is Chong Ket Pen?
First he cheated and betrayed Tun Daim. Then cheated and betrayed 2 investors. Then cheated and betrayed X-PM Najib, MCA, UMNO. Then cheated and betrayed PDRM, Kop Mantap, all policemen, and IGP Fuzi. Who is his next vicim? PKR? PPB? DAP?
---------------------------- Let's see what was exposed gathered from obvious public informations to link the dots. ----------------------------
year 2017-2018 pre-General Election-14 (GE-14) PPA1M scam trying to cheat policemen money, and sold police name to Najib for election story. Help Najib cover up polis for 1MDB. http://klse.i3investor.com/blogs/2018newgov/156634.jsp
Jan-June 2018 Chong Ket Pen's Protasco money trail in question. Sequences of event: March 2018 - RM66 million cash missing from Protasco April 2018 - Protasco got Najib government awarded RM3 billion road contract May 2018 - Protasco Hadenan pull Najib's sec Ali Hamza and PDRM IGP Fuzi "stage show support Najib's government". Post-election May-June 2018 - PDRM Amar Singh found RM110 million cash in suspected Najib's houses. https://klse.i3investor.com/blogs/fraudstersnews/159328.jsp
Worst than we though!!!! Maybe staffs and investors of Protasco already reported polis and macc. When the greedy cronies be captured? Ask Bursa and SC or Lim Guan Eng?
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Posted by hng33 > 2018-05-14 09:39 | Report Abuse
bought more protasco at 67-67.5sen