Agree. If not tpy and oka there is no ckp or protasco. If no ckp the price already 3.00. How ckp was born and put there by tpy and oka, investors hope he can sleep well at night and don't die so fast so make less lost. Siphon slower shareholders money hopefully company also dies slower.
If no ckp I think prtasco price will become nexgram 0.065 , just left tin kosong , go tell your boss tpy oka don't so malu , malu in your hometown , kikikiki
C2pid. Read bursa announcement lah no brain. Ckp is just a dog for his x bosses. If not tpy and oka buy protasco and put him back in the dog house, protasco wor. Potong rumput ada lah so hai.
Wakaka ur boss tpy oka so useless get kick qut from prtasco , so useless guy and idiot got wat different . Hahaha now still get court . Wakaka good good . The worlds most biggest 2 idiot
Here is pu kai chong style: ChongPuKai Chong ket pen who? Not pants down already sheet. Lol lol lol. Wait lar few days when gets it. So fast want to wash your name with all crime and blood.
Reference is made to the article in “The Edge” dated 25 February 2016 titled “Protasco gets renewal of road maintenance concession for 10 years”. Protasco Berhad (“Protasco” or “Company”) wishes to clarify that the Company had todate yet to receive any written confirmation on the decision of the Government.
Protasco will make immediate announcement upon receipt of the decision of the Government. 26/02/2016 14:19
Protasco gets renewal of road maintenance concession for 10 years By Liew Jia Teng & Danial Idraki / The Edge Financial Daily | February 25, 2016 : 9:58 AM MYT Printer-friendly versionSend by emailPDF version Translated by Google Translator: Select Language▼ This article first appeared in The Edge Financial Daily, on February 25, 2016.
KUALA LUMPUR: Protasco Bhd’s Federal Road Maintenance (FRM) concession, which expires this month, has been extended for 10 years, according to sources.
Sources told The Edge Financial Daily that the FRM concession, covering 7,000km of roads in Terengganu, Kelantan, Selangor and Pahang, is expected to contribute a recurring income of up to RM250 million annually for the next 10 years.
“The routine maintenance work will contribute a recurring income of RM130 million a year, while the periodic maintenance and emergency works will bring in additional RM100 million to RM120 million every year, depending on the actual work being carried out,” a source familiar with the concession said.
It is learnt that the concession renewal has been given to Roadcare (M) Sdn Bhd, the maintenance unit of Protasco. The concession is slated to expire in February 2026.
Meanwhile, sources said Protasco is also likely to receive a contract extension to undertake routine and periodic maintenance works for the state roads in Terengganu for the next seven years.
Previously, Permint Granite-HCM Sdn Bhd, another unit of Protasco, had been awarded a seven-year contract worth RM188 million, which will be expiring in July this year.
Yesterday, Protasco announced a net profit of RM20.2 million for the fourth quarter of financial year 2015 (FY15) ended Dec 31, 2015, compared to a net loss of RM4.07 million a year ago, mainly driven by its construction segment.
Quarterly revenue inched up 15.7% to RM455.89 million from RM393.91 million, with improvements marked by contributions from it maintenance, construction and property development segments.
For the full FY15, net profit stood at RM66.24 million, compared to a net loss of RM46.44 million a year before. Revenue, meanwhile, was 21.7% higher at RM1.29 billion from RM1.06 billion in FY14.
Protasco expects to maintain its performance despite signs of economic weakness globally, and the challenges expected for the construction and property development industries.
“We expect to see the construction division continue to contribute positively to the bottom line with the award of Phase 2 of [the] Perumahan Penjawat Awam 1Malaysia project,” executive vice-chairman and group managing director Datuk Seri Chong Ket Pen said in a separate statement.
Wait lah for contract. Abuse shareholders money bribe big big already like always why so nervous leak news insider trading? Chong P K really pu kai soon cannot wait?
How much bribe hah? $200mil a year contract bribe $50mil, 10 years $500mil. Chong Pu Kai very very good actor. Gives him a Siphoning king of Malaysia Award!
Chong ket pen the robber once siphon enough money and buy over other investors shares, officially a robber turns protasco his own lolipop fun fair. Good luck to the fools who being used and fooled. 张吉平欺骗投资者私吞公司,从员工摇身变成大股东,拐骗贿赂非法公物私用,终究物极必反,贪心惹来杀身之祸,指日可待。
Well said. Pays money get court. Pay money also gets kill. Got brain or not, criminals will pay to do so. Hero ckp, everyone knows, jail he goes. 张吉平英雄?笑屎街坊!贿赂犯罪英雄。当之无愧!
Chong default and breaks contract is his MO. He paid some 10m or 100m to his own company while there were people watching. No nobody watching he robs at will. How to go up share price if he still there? Better sell back to his former boss before 2 stupid investors set chong free. Then only got hope. 张吉平非法毁约已经不是第一次,私吞公款,在没有监督下消耗公司资源公款私用,一日赖在protasco公司迟早倒闭,不如回归前老板保投资者利益。掩盖张父子罪行供认不讳为民除害替天行道,谁能担当还是未知数。还是回避为上。
Their property arm, De Centrum Development has a lot of issues on hand. The newly completed De Centrum attracted lots of complaints from their buyers. More than half of total units have defects, (check the De Centrum owner facebook in the internet). Also, the steep gradient of the entrance ramp to the complex residents and visitors parking pose real danger to everyone. This blemished record will surely affect their future property sale.
why some ppl re trying to sing bad Chong, he is the founder of Prtasco, why would he wn to spoil his own company?
I juz found Prtasco is much better than Gadang, coz the former has IUKL, an education arm which has broke even n started to make money.
And then 10 yrs road maintance contract, u know la, Malaysia road here broken there broke, plus more and more cars, more and more mat rempits, means more maintainance lo.
Gadang only got rapid and a few acres of plantation, Gov keeps demanding dividend from Petronas, where got money to do capex.
Chong is "founder" of protasco? Kha kha kha kha. Cold eye turn blind! Wake up and study what chong the jaga pintu dog of tun daim did to cheat his bosses and rob the company lah before give comment. What eye see is not truth. Before tun daim left, yes, its good company. With chong cheated his new bosses, he only busy siphon money and bribe his way for self benefit. Slow slow wait lor. A person who cheat his own bosses, he will eat you alive.
A person who can "made a lost himself and put blame on his saver and boss tpy", what kind of animal is this? Investors should report him to be locked up and hire professionals to run the business. Integrity poison will kill the company a day chong ket pen is there.
且看后tun daim时代的protasco。张吉平蒙骗董事会,没有呈报他私下交易合约,翻了法。后来又撒谎发誓签了SD, 目的是陷害他的两个老板,以为可以制造谣言,利用protasco(投资者的钱),人格谋杀,加罪。试问他的老板相信他,买了公司以为他会好好看管,本身都没有”进董事局”。张老千不但没有感恩,用1年半的时间,“拖垮投资项目”以达到“嫁祸于人的目的”,夺权吃了protasco. 张老千对外办可怜,公司却从tun daim 时代“professional bhd"变成"father and sons sdn bhd", 股东大会时问问他“多少王亲国戚”混入了公司。这个事实过程,没有小心研究,表面的功夫可以唬弄老百姓,冷眼当年扯的原因,必定大有文章吧。可猜一二。
I don think prostaco involve in MRT or highway tender. Prostaco specialize road maintenance and is its key earning driver, which it alrdy secure another 10 yr extension, it also involve in property development and education field.
When you choose a company to invest, you pick company that has potential, a game changer. This company is no game changer. Just doing road patch up. They turned into property development. Trying to do in a big way with their maiden commercial development, the De Centrum or rather now it is the De Rectum. That what most of the resident units and SOHO buyers are calling. They are so frustrated and felt cheated by the shoddy workmanship, steep entrance slope, building that resemble a low cost flat from the inside and defect after defect in the individual units. Now can they achieve the promised dream of turning the whole location into a city development sought by investors. Many of the existing buyers grieved and vow not to touch any of their future property development.
yes i read protasco in 2014 won/built an overtaking lane in Sarawak; so potentially they maybe indirectly involved. also read last year their md stating they were targetting to be involved in pan borneo -so far no further progress...
Secured second job in FY/CY14. HCM Engineering Sdn Bhd, a whollyowned subsidiary of the Protasco Bhd, had secured works on Federal Roads in Zone 2A, Sarawak worth RM21m. The contract was awarded by Jabatan Kerja Raya (Public Works Department) for the construction of overtaking lanes from Sibu to Bintulu and from Bintulu to Tatau
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
GODinvest
377 posts
Posted by GODinvest > 2016-03-03 15:24 | Report Abuse
If not this 2 idiot Tpy Oka problem i think price areadly shoot up 2.00 , drop many good I want buy more