PROTASCO BHD

KLSE (MYR): PRTASCO (5070)

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Last Price

0.225

Today's Change

-0.005 (2.17%)

Day's Change

0.22 - 0.23

Trading Volume

520,000


16 people like this.

5,875 comment(s). Last comment by Dehcomic01 2024-07-16 14:39

Nikmon

3,014 posts

Posted by Nikmon > 2017-06-20 00:05 | Report Abuse

@Daim4u, is it true, so many PLC director blame, and lie to sue one person?

Case 1
Wintoni Group Bhd said a police report has been lodged against its former director Datuk Tey Por Yee whom it alleges may have caused RM53 million to be unaccounted for or misappropriated from the group.

Case 2
On April 7, Ire-Tex Corp Bhd announced that it had taken legal action against Tey as a former director and substantial shareholder for allegedly paying RM11.5 million to Future Rank Sdn Bhd

Case 3
He had been a director and substantial shareholder of Protasco Bhd, which he left following a boardroom tussle and charges of fraud involving RM68 million.

https://www.klsescreener.com/v2/news/view/246429/wintoni-files-police-report-against-ex-director-tey-por-yee

Nikmon

3,014 posts

Posted by Nikmon > 2017-06-20 00:06 | Report Abuse

hopefully could recover 68million, it will improve the cash flow...

oasischeah

1,461 posts

Posted by oasischeah > 2017-06-20 09:32 | Report Abuse

Malaysian shares prices seems bocor. Gradually one by one company is revealing lost funds or stolen funds. Even the best companies will die. It only happens to be.

Posted by tingangap1 > 2017-06-20 09:37 | Report Abuse

Y this stock not trading today? No movement at all

Posted by Maklinkumplan > 2017-06-20 09:54 | Report Abuse

No wonder all link back here to chong ket pen lah. All started from him. Lolol

Posted by Maklinkumplan > 2017-06-20 09:54 | Report Abuse

His supporter bocor himself.

Posted by Maklinkumplan > 2017-06-20 09:59 | Report Abuse

Need helping hand to collect money back from chong ket pen?

Here it goes chong ket pen named again origin of sinner.
https://klse.i3investor.com/blogs/lawyerslawbreakers/125736.jsp

Here is something everyone had read about chong ket pen also.
https://dogsofbursamalaysia.wordpress.com

Wish can recover back hundreds of millions from chong ket pen. That will improve country well being.

Nikmon

3,014 posts

Posted by Nikmon > 2017-06-21 14:03 | Report Abuse

EPF has increases their pace of acquiring...

Nikmon

3,014 posts

Posted by Nikmon > 2017-06-21 15:04 | Report Abuse

no wonder dropped, yesterday announced new contract, today cease to be indirect as an subsidiary of the company which own the contract....speecless

Nikmon

3,014 posts

Posted by Nikmon > 2017-06-21 15:56 | Report Abuse

not yet give up, think of it the JV is mean for road maintenance for selangor state, since the contract didn't renew so it is fair and wise to give up the subsidiary but retain a certain stake.

oasischeah

1,461 posts

Posted by oasischeah > 2017-06-21 16:32 | Report Abuse

Most of Malaysian shares prices is revealing lost funds or stolen funds. Directors take all their fees and no eye see. Even the best companies will die.

Nikmon

3,014 posts

Posted by Nikmon > 2017-06-21 17:13 | Report Abuse

220,000 worth shares were forced selling in last minute???

Daim4u

108 posts

Posted by Daim4u > 2017-06-21 17:35 | Report Abuse

@Nikmon not yet give up, think of it the JV is mean for road maintenance for selangor state, since the contract didn't renew so it is fair and wise to give up the subsidiary but retain a certain stake.
21/06/2017 15:56

You think you know CKP? Even his wife doesn't know him. Why margin drop 90%? Notice there is minority shareholder outside? Why need to "keep little share", if not good sell all? Because need to use protasco to spend and work, profit took outside.

nkk53

1,426 posts

Posted by nkk53 > 2017-06-21 18:39 | Report Abuse

EPF-pl check thoroughly before investing further

curious2

1,812 posts

Posted by curious2 > 2017-06-21 20:51 | Report Abuse

So you contra loss?
nkk53 EPF-pl check thoroughly before investing further
21/06/2017 18:39


21-Jun-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 1,000,000 shares on 16-Jun-2017.
http://klse.i3investor.com/quoteservlet.jsp?sa=ss&q=PRTASCO

BN_menang

2,982 posts

Posted by BN_menang > 2017-06-21 20:52 | Report Abuse

State gov't to upgrade deadly Jalan Seremban-Kuala Pilah route, conduct research
https://www.nst.com.my/node/251056#cxrecs_s

dusti

2,404 posts

Posted by dusti > 2017-06-23 10:19 | Report Abuse

Nikmon you are CORRECT. Next week when they (institutions/big players) come back, THEY help us make money, and all are HAPPY. Cheers and Selamat Hari Raya!!!

Nikmon

3,014 posts

Posted by Nikmon > 2017-06-23 19:09 | Report Abuse

Notice that EPF and CKP take turn to support the share, they never trade in same day.....

Posted by hillsixtynine > 2017-06-23 21:39 | Report Abuse

Selamat hari raya, next week huat huat...

limch

3,262 posts

Posted by limch > 2017-07-03 10:09 | Report Abuse

CKP got disposed?

Posted by QiangDao > 2017-07-03 16:28 | Report Abuse

Re visit ckp everytime read tey news. Ckp effect eats his own saviour. People saved him he eats people. Real con man. 祸根。旧地重游必经张吉平坟头吐痰,咒他咸家。害旧老板,忘恩负义,人渣。

enchopls

477 posts

Posted by enchopls > 2017-07-03 20:21 | Report Abuse

May I know what happen to the management of this company? Where you guys get the news ?

joni

1,258 posts

Posted by joni > 2017-07-04 09:54 | Report Abuse

look like going break 1.00 again .. ..

Nikmon

3,014 posts

Posted by Nikmon > 2017-07-04 15:32 | Report Abuse

not possible to go below 1.00 lah...

Ckptipu

14 posts

Posted by Ckptipu > 2017-07-04 23:27 | Report Abuse

Sounds like chong ket pen paying all these news creation. Everyone also know. What is so special? Chong ket pen billion ringgit money siphoning and bribery. One big round coming.

Ckptipu

14 posts

Posted by Ckptipu > 2017-07-04 23:29 | Report Abuse

Chong ket pen x staff also reported him billion ringgit police report. They dont abuse bursa name him. So he bribe billion ke? Maybe few hundred million ringgit only. Childish crook.

Ckptipu

14 posts

Posted by Ckptipu > 2017-07-04 23:48 | Report Abuse

https://www.google.com.sg/search?q=chong+ket+pen+cheat

Very good criminal. Hide behind protasco. No wonder share price keep coming down. Ckp taken a lot money from borrowed money to pay himself dividend?

Ckptipu

14 posts

Posted by Ckptipu > 2017-07-04 23:57 | Report Abuse

Ckp got cursed everyday. I believe he keep doing bad thing and still pretend can sleep with bribery and sinful money under table taken from people of Malaysia. No wonder mind damaged.

Ckptipu

14 posts

Posted by Ckptipu > 2017-07-05 00:32 | Report Abuse

https://borneostreetnews.wordpress.com
Bed time story?

Daim4u

108 posts

Posted by Daim4u > 2017-07-05 09:05 | Report Abuse

Everyone also know since Tey and Ooi released the fox Chong Ket Pen to possess Protasco, Chong has been poisoning and made up bad images for wintoni, iretex and ra etc. Nobody to blame except Tey and Ooi for saving Chong. What save Chong the fox while his old boss already sack him and going to bury him a live? Blame no one. That is my view for the two.

Daim4u

108 posts

Posted by Daim4u > 2017-07-05 09:25 | Report Abuse

As for Chong excuse for covering up hundreds of million, not billions, he has to keep making other people look bad. So to say his bribery is OK, others are bad. However his conscious says OK, there is nothing you can do about it. Accept it.

Nikmon

3,014 posts

Posted by Nikmon > 2017-07-05 14:03 | Report Abuse

@enchopls you could find the similar post in these 3 companies which are taking legal action against one famous 'former director'

Case 1
Wintoni Group Bhd said a police report has been lodged against its former director Datuk Tey Por Yee whom it alleges may have caused RM53 million to be unaccounted for or misappropriated from the group.

Case 2
On April 7, Ire-Tex Corp Bhd announced that it had taken legal action against Tey as a former director and substantial shareholder for allegedly paying RM11.5 million to Future Rank Sdn Bhd

Case 3
He had been a director and substantial shareholder of Protasco Bhd, which he left following a boardroom tussle and charges of fraud involving RM68 million.

https://www.klsescreener.com/v2/news/view/246429/wintoni-files-police-report-against-ex-director-tey-por-yee

Posted by Maklinkumplan > 2017-07-05 16:51 | Report Abuse

Lolol. Repeat what chong ket pen "fabricated" allegations. His wrongdoing is 100 times ticker lah ckp. Let us help him "
Maklinkumplan Need helping hand to collect money back from chong ket pen?

Here it goes chong ket pen named again origin of sinner.
https://klse.i3investor.com/blogs/lawyerslawbreakers/125736.jsp

Here is something everyone had read about chong ket pen also.
https://dogsofbursamalaysia.wordpress.com

Wish can recover back hundreds of millions from chong ket pen. That will improve country well being.
20/06/2017 09:59

Posted by Maklinkumplan > 2017-07-05 17:48 | Report Abuse

Sequence also wrong. Chong Ket Pen does it means does it why cover the tail? Should be:
Ckp being fired in june 2012.
Ckp desperate sign 3 nov 2012 agreement ask Tey and Ooi help buy Protasco so he get back his job.
Ckp no intention to honour the agreement and wanted to cover up multi billion graft money in protasco. Put blame lor.
Ckp try to made up all news for Tey and Ooi conpanies. As if his multi billion bribery is OK, if he talk other people bad enough. He is still CKP the criminal lah.
Then there goes wintoni, iretex and ra. Wintoni is a joke. Company never seen such number he copy and paste to "make news". Others all make and talk. Typical ckp lah. How much he talks also smaller than his own billion ringgit illegal money problem.

dusti

2,404 posts

Posted by dusti > 2017-07-06 10:34 | Report Abuse

Shall we all look to the future?

Nikmon

3,014 posts

Posted by Nikmon > 2017-07-06 11:17 | Report Abuse

These are ongoing legal cases, if protasco win the legal case, RM2.00 is possible.

Case 1
Wintoni Group Bhd said a police report has been lodged against its former director Datuk Tey Por Yee whom it alleges may have caused RM53 million to be unaccounted for or misappropriated from the group.

Case 2
On April 7, Ire-Tex Corp Bhd announced that it had taken legal action against Tey as a former director and substantial shareholder for allegedly paying RM11.5 million to Future Rank Sdn Bhd

Case 3
He had been a director and substantial shareholder of Protasco Bhd, which he left following a boardroom tussle and charges of fraud involving RM68 million.

https://www.klsescreener.com/v2/news/view/246429/wintoni-files-police-report-against-ex-director-tey-por-yee

Posted by hillsixtynine > 2017-07-06 13:08 | Report Abuse

When is the dividend payout? Is it today?

Nikmon

3,014 posts

Posted by Nikmon > 2017-07-06 13:50 | Report Abuse

yes today, but it will take few days to credit into your account subject to the clearance process of your bank.

Daim4u

108 posts

Posted by Daim4u > 2017-07-06 14:26 | Report Abuse

Lololol. Self plant story and legal suit means can hide away chong ket pen wrongdoing and hope to bury his legacy? Why not No.1 protasco officer sue Jesus for 1 billion not send him to hell sooner for what he siphoned and bribed? More syok.

ltw1123

629 posts

Posted by ltw1123 > 2017-07-06 14:41 | Report Abuse

Just received 3 cent of dividend today!

dusti

2,404 posts

Posted by dusti > 2017-07-06 14:52 | Report Abuse

Great, engine started for the real zoom.. Stay on board for the profits. Good luck. Cheers

enchopls

477 posts

Posted by enchopls > 2017-07-06 15:54 | Report Abuse

very confidence in this stock.... won't sell it unless reach rm2.00... haha

Nikmon

3,014 posts

Posted by Nikmon > 2017-07-06 16:42 | Report Abuse

https://paultan.org/2017/07/04/irap-malaysia-report-2017-more-than-95-of-roads-assessed-receive-safety-rating-of-3-stars-and-above/

more job on the way, the IRAP report could help JKR (Protasco's boss) to determine which road need to improve

nkk53

1,426 posts

Posted by nkk53 > 2017-07-06 17:40 | Report Abuse

Plan to dispose asap

Nikmon

3,014 posts

Posted by Nikmon > 2017-07-06 19:59 | Report Abuse

when someone announce want to buy, it means they want to sell, else versa if some one want to buy more, there will broadcast sell here...lol

newbie18

127 posts

Posted by newbie18 > 2017-07-08 11:44 | Report Abuse

sifus I read Sungai Buloh-Kajang MRT will start on 17th July. Will demand for Protasco PPA1M house increase when the MRT complete?

Nikmon

3,014 posts

Posted by Nikmon > 2017-07-08 14:03 | Report Abuse

Got such news? As far as i know, prostaco has secured 3 phases of ppa1m, phase 1 vp on march before raya, the feedback is positive, phase 2 has started contruction and phase 3 under planning. I rather them get contract bandar malaysia, other than ijm and mrcb, prostsco is one of the counters where EPF has increase significant stakes in short period.

DroidnPlay

127 posts

Posted by DroidnPlay > 2017-07-08 23:16 | Report Abuse

If not mistaken think they should be getting the payment for PPA1M phase 1 right? Phase 3 just gotten the Letter of Intend I read it earlier. Y CKP keep on buying ar lately, any insider news?

DroidnPlay

127 posts

Posted by DroidnPlay > 2017-07-09 22:25 | Report Abuse

Reply from their IR officer in May.

PPA1M Phase 1 had completed in March 2017, ahead of scheduled. Protasco have been receiving payments from government and banks for purchasers' loan drawdown since April. Once the payments
are fully collected by June/July, the group gearing will reduce substantially and cashflow increases.

PPA1M Phase 2 has started with preliminary works at the site and will go into full swing by 3Q this year and contribute to the group revenue in the 3rd & 4th quarter FY2017..

Protasco is a diversified group in road maintenance, construction, property, engineering, education and trading. Dividend per annum is 6 cts.

Thank you

Regards
HLK

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