PRTASCO

5070

PROTASCO BERHAD KLSE Summary

Main Market : Construction

0.245 ↑

0.010 (4.3%)

View more market depths

High	0.245
Low	0.235
Open	0.240
Volume	1,084,300
Volume (B/S)	274,900 / 456,700
Price Bid/Ask	0.235 / 0.245

52w	0.155 - 0.280
ROE	2.15
P/E	18.74
EPS	1.31
DPS
DY	0.00%

NTA	0.6095
P/B	0.40
RPS	228.42
PSR	0.11
Market Cap	121.4M
Shares (mil)	495.39

TopQ QoQ YoY

RTopQ RQoQ RConQ RYoY

CAGR

3Y -92.3% TTM 31.3%

5Y -24.7% TTM 16.4%

RSI(14)	Neutral 58.3
Stochastic(14)	Neutral 57.1
Average Volume (3M)	1,461,300
Relative Volume	0.7

30-days Price Larger Chart Technical Charting

EPS	DPS	NTA	Revenue	P/L	Quarter	Q Date	Financial Year	Announced	ROE	QoQ%	YoY%	Report
31 Dec, 2023
2.36	0.000	0.6095	413.8m	11.4m	4	2023-12-31	31 Dec, 2023	2024-02-27	3.9%	263.8%	158.3%	View
0.65	0.000	0.5822	321.8m	3.1m	3	2023-09-30	31 Dec, 2023	2023-11-28	1.1%	149.8%	497.3%	View
-1.30	0.000	0.5786	233.3m	-6.3m	2	2023-06-30	31 Dec, 2023	2023-08-29	-2.2%	259.4%	74.2%	View
-0.36	0.000	0.5920	162.6m	-1.7m	1	2023-03-31	31 Dec, 2023	2023-05-29	-0.6%	91.6%	68.1%	View
31 Dec, 2022
-4.31	0.000	0.5934	305.8m	-20.8m	4	2022-12-31	31 Dec, 2022	2023-02-23	-7.3%	2538.2%	386.9%	View
-0.16	0.000	0.6356	187.5m	-787.0k	3	2022-09-30	31 Dec, 2022	2022-11-24	-0.3%	78.2%	126.5%	View
-0.75	0.000	0.6372	231.0m	-3.6m	2	2022-06-30	31 Dec, 2022	2022-08-25	-1.2%	34.2%	156.2%	View
-1.14	0.000	0.6447	157.1m	-5.5m	1	2022-03-31	31 Dec, 2022	2022-05-27	-1.8%	180.9%	6774.4%	View
31 Dec, 2021
1.40	0.000	0.6967	403.4m	6.8m	4	2021-12-31	31 Dec, 2021	2022-02-24	2.0%	128.3%	132.9%	View
0.62	0.000	0.6521	308.4m	3.0m	3	2021-09-30	31 Dec, 2021	2021-11-24	1.0%	53.8%	807.6%	View
1.33	0.000	0.6459	189.5m	6.4m	2	2021-06-30	31 Dec, 2021	2021-09-27	2.1%	7719.5%	469.6%	View
0.02	0.000	0.6349	208.9m	82.0k	1	2021-03-31	31 Dec, 2021	2021-05-27	0.0%	100.4%	103.3%	View
31 Dec, 2020
-4.17	0.000	0.6343	318.4m	-20.1m	4	2020-12-31	31 Dec, 2020	2021-04-05	-6.6%	4692.8%	1615.6%	View
-0.09	0.000	0.6754	376.5m	-419.0k	3	2020-09-30	31 Dec, 2020	2020-11-26	-0.1%	75.9%	143.7%	View
-0.36	0.000	0.6743	171.9m	-1.7m	2	2020-06-30	31 Dec, 2020	2020-08-26	-0.5%	30.4%	162.9%	View
-0.52	0.000	0.6779	135.2m	-2.5m	1	2020-03-31	31 Dec, 2020	2020-06-24	-0.8%	339.1%	302.9%	View
31 Dec, 2019
0.21	0.000	0.6824	242.2m	1.0m	4	2019-12-31	31 Dec, 2019	2020-02-27	0.3%	8.8%	102.4%	View
0.19	0.600	0.6842	226.5m	959.0k	3	2019-09-30	31 Dec, 2019	2019-11-27	0.3%	65.2%	219.7%	View
0.56	0.600	0.6828	188.6m	2.8m	2	2019-06-30	31 Dec, 2019	2019-08-28	0.8%	124.5%	387.7%	View
0.25	0.600	0.6821	166.3m	1.2m	1	2019-03-31	31 Dec, 2019	2019-05-28	0.4%	102.8%	157.4%	View
31 Dec, 2018
-9.02	0.000	0.6735	257.8m	-44.6m	4	2018-12-31	31 Dec, 2018	2019-02-27	-13.4%	5473.9%	778.7%	View
-0.16	2.500	0.7230	234.9m	-801.0k	3	2018-09-30	31 Dec, 2018	2018-11-27	-0.2%	16.5%	107.8%	View
-0.19	0.000	0.7506	242.2m	-959.0k	2	2018-06-30	31 Dec, 2018	2018-08-28	-0.3%	55.2%	112.1%	View
-0.50	0.000	0.8797	157.5m	-2.1m	1	2018-03-31	31 Dec, 2018	2018-05-30	-0.6%	124.7%	164.9%	View
31 Dec, 2017
2.05	3.000	0.9386	313.6m	8.7m	4	2017-12-31	31 Dec, 2017	2018-02-27	2.2%	15.7%	2183.4%	View
2.43	3.000	0.9516	301.2m	10.3m	3	2017-09-30	31 Dec, 2017	2017-11-29	2.6%	30.2%	28%	View
1.86	0.000	0.9475	219.8m	7.9m	2	2017-06-30	31 Dec, 2017	2017-08-25	2.0%	139.5%	45%	View
0.78	0.000	0.9329	132.2m	3.3m	1	2017-03-31	31 Dec, 2017	2017-05-25	0.8%	39.5%	75.3%	View
31 Dec, 2016
0.63	0.000	0.9327	262.9m	2.4m	4	2016-12-31	31 Dec, 2016	2017-02-27	0.7%	83.5%	88.5%	View
4.23	3.000	1.2014	302.8m	14.3m	3	2016-09-30	31 Dec, 2016	2016-11-24	3.5%	0.5%	7%	View
4.26	5.000	1.1592	396.2m	14.4m	2	2016-06-30	31 Dec, 2016	2016-09-08	3.7%	7.6%	19.1%	View
3.98	0.000	1.1618	127.1m	13.4m	1	2016-03-31	31 Dec, 2016	2016-05-25	3.4%	33.3%	1.9%	View
31 Dec, 2015
5.96	0.000	1.1166	455.9m	20.0m	4	2015-12-31	31 Dec, 2015	2016-02-24	5.3%	30.3%	591.9%	View
4.59	4.000	1.0931	304.0m	15.4m	3	2015-09-30	31 Dec, 2015	2015-11-24	4.2%	13.4%	122.2%	View
5.31	0.000	1.0434	310.4m	17.8m	2	2015-06-30	31 Dec, 2015	2015-08-26	5.1%	35.4%	9.5%	View
3.91	4.000	1.0286	219.1m	13.1m	1	2015-03-31	31 Dec, 2015	2015-05-27	3.8%	338.9%	23.6%	View
31 Dec, 2014
-1.64	0.000	0.9968	375.3m	-5.5m	4	2014-12-31	31 Dec, 2014	2015-02-27	-1.6%	92.1%	135.6%	-
-20.67	5.000	1.0711	319.0m	-69.2m	3	2014-09-30	31 Dec, 2014	2014-11-25	-19.3%	526.9%	631.9%	View
4.85	0.000	1.3363	200.9m	16.2m	2	2014-06-30	31 Dec, 2014	2014-08-29	3.6%	52.9%	9.1%	View
3.23	6.000	1.2967	147.8m	10.6m	1	2014-03-31	31 Dec, 2014	2014-05-27	2.5%	33.2%	116.1%	View
31 Dec, 2013
5.15	0.000	1.2848	390.5m	15.9m	4	2013-12-31	31 Dec, 2013	2014-02-24	4.0%	22%	135.5%	View
4.18	4.000	1.2558	251.0m	13.0m	3	2013-09-30	31 Dec, 2013	2013-11-28	3.3%	12.4%	27.7%	View
4.89	0.000	1.2563	196.0m	14.9m	2	2013-06-30	31 Dec, 2013	2013-08-30	3.9%	202.8%	108.9%	View
1.60	4.000	1.2145	134.7m	4.9m	1	2013-03-31	31 Dec, 2013	2013-05-27	1.3%	4.8%	12.9%	View
31 Dec, 2012
1.74	10.000	1.1882	295.3m	5.2m	4	2012-12-31	31 Dec, 2012	2013-02-26	1.5%	71.3%	58%	View
6.06	10.000	1.2778	206.7m	18.0m	3	2012-09-30	31 Dec, 2012	2012-11-28	4.7%	153.1%	194.2%	View
2.40	0.000	1.2173	158.4m	7.1m	2	2012-06-30	31 Dec, 2012	2012-08-30	2.0%	26.2%	27.6%	View
1.90	4.000	1.2223	118.9m	5.6m	1	2012-03-31	31 Dec, 2012	2012-05-23	1.6%	51.6%	56.3%	View
31 Dec, 2011
3.92	0.000	1.2153	248.8m	11.6m	4	2011-12-31	31 Dec, 2011	2012-02-27	3.2%	90.3%	0.6%	View
2.06	4.000	1.2069	175.5m	6.1m	3	2011-09-30	31 Dec, 2011	2011-11-23	1.7%	34.1%	60.2%	View
3.31	0.000	1.2015	153.0m	9.3m	2	2011-06-30	31 Dec, 2011	2011-08-23	2.8%	157.6%	8.5%	View
1.21	5.000	1.1969	121.9m	3.6m	1	2011-03-31	31 Dec, 2011	2011-05-25	1.0%	77%	63.4%	View
31 Dec, 2010
5.29	0.000	1.1854	272.0m	15.7m	4	2010-12-31	31 Dec, 2010	2011-02-28	4.5%	2.1%	22.2%	View
5.18	5.000	1.2003	163.8m	15.4m	3	2010-09-30	31 Dec, 2010	2010-11-24	4.3%	51.4%	68.2%	View
3.42	5.000	1.1499	168.4m	10.1m	2	2010-06-30	31 Dec, 2010	2010-08-24	3.0%	3%	1.6%	View
3.32	5.000	1.1775	158.6m	9.9m	1	2010-03-31	31 Dec, 2010	2010-05-31	2.8%	19%	9.7%	View
31 Dec, 2009
4.01	0.000	1.1830	231.9m	12.2m	4	2009-12-31	31 Dec, 2009	2010-02-25	3.4%	33.2%	11.3%	View
3.08	4.000	1.1830	179.9m	9.1m	3	2009-09-30	31 Dec, 2009	2009-11-26	2.6%	11.5%	29.9%	View
3.48	0.000	1.1520	149.3m	10.3m	2	2009-06-30	31 Dec, 2009	2009-08-27	3.0%	5.5%	114.9%	View
3.68	4.000	1.1538	124.2m	10.9m	1	2009-03-31	31 Dec, 2009	2009-05-25	3.2%	20.9%	80.1%	View
31 Dec, 2008
3.04	0.000	1.1111	166.1m	9.0m	4	2008-12-31	31 Dec, 2008	2009-02-25	2.7%	28.3%	22.9%	View
2.37	3.000	1.1127	163.1m	7.0m	3	2008-09-30	31 Dec, 2008	2008-11-20	2.1%	46.5%	17.6%	View
1.62	4.000	1.0857	170.7m	4.8m	2	2008-06-30	31 Dec, 2008	2008-08-26	1.5%	20.8%	41.3%	View
2.03	4.000	1.1006	133.1m	6.1m	1	2008-03-31	31 Dec, 2008	2008-05-21	1.8%	47.5%	14.6%	View
31 Dec, 2007
3.86	0.000	1.0806	155.3m	11.5m	4	2007-12-31	31 Dec, 2007	2008-02-28	3.6%	35.1%	79.4%	View
2.86	4.000	1.0864	148.2m	8.5m	3	2007-09-30	31 Dec, 2007	2007-12-03	2.6%	4.4%	16%	View
2.74	0.000	1.0572	114.0m	8.2m	2	2007-06-30	31 Dec, 2007	2007-08-20	2.6%	54.6%	20.7%	View
1.77	0.000	1.0697	85.9m	5.3m	1	2007-03-31	31 Dec, 2007	2007-05-18	1.7%	14.9%	66.1%	View
31 Dec, 2006
2.08	0.000	1.0514	191.1m	6.2m	4	2006-12-31	31 Dec, 2006	2007-02-27	2.0%	38.8%	37.7%	View
3.39	3.000	1.0606	143.3m	10.2m	3	2006-09-30	31 Dec, 2006	2006-11-28	3.2%	49.8%	7.1%	View
2.26	0.000	1.0270	109.9m	6.8m	2	2006-06-30	31 Dec, 2006	2006-08-29	2.2%	112.8%	47.5%	View
1.06	0.000	1.0440	95.0m	3.2m	1	2006-03-31	31 Dec, 2006	2006-05-25	1.0%	67.7%	56.5%	View
31 Dec, 2005
3.29	2.300	1.1349	128.4m	9.9m	4	2005-12-31	31 Dec, 2005	2006-03-03	2.9%	9.7%	2.2%	View
3.64	0.000	1.0325	137.3m	10.9m	3	2005-09-30	31 Dec, 2005	2005-11-18	3.5%	15.4%	11.5%	View
4.30	4.000	1.0060	135.0m	12.9m	2	2005-06-30	31 Dec, 2005	2005-08-29	4.3%	76.2%	11.5%	View
2.44	0.000	1.0140	118.5m	7.3m	1	2005-03-31	31 Dec, 2005	2005-05-30	2.4%	22.8%	39%	View
31 Dec, 2004
3.16	2.300	0.9981	130.1m	9.5m	4	2004-12-31	31 Dec, 2004	2005-03-30	3.2%	23.1%	46.7%	View
4.11	0.000	1.0000	150.3m	12.3m	3	2004-09-30	31 Dec, 2004	2004-11-24	4.1%	6.6%	31.6%	View
3.86	3.600	0.9700	149.9m	11.6m	2	2004-06-30	31 Dec, 2004	2004-08-20	4.0%	3.6%	91.3%	View
4.00	0.000	0.9410	143.7m	12.0m	1	2004-03-31	31 Dec, 2004	2004-05-25	4.3%	26.9%	0%	View
31 Dec, 2003
5.47	2.160	0.9600	201.4m	16.4m	4	2003-12-31	31 Dec, 2003	2004-02-24	5.7%	9%	0%	View
6.44	0.000	0.9344	213.0m	18.0m	3	2003-09-30	31 Dec, 2003	2003-11-14	6.9%	198.2%	0%	View
8.78	0.000	0.7900	66.2m	6.0m	2	2003-06-30	31 Dec, 2003	2003-08-06	11.1%	0%	0%	View

Financial Year	Revenue ('000)	Net ('000)	EPS	DP%	Net %	Report
31 Dec, 2023	1,131,571	6,477	1.35	-
31 Dec, 2022	881,469	-30,626	-6.36	-	288.7%	View
31 Dec, 2021	1,110,284	16,227	3.37	-	165.6%	View
31 Dec, 2020	1,002,105	-24,730	-5.14	-	512.9%	View
31 Dec, 2019	823,575	5,990	1.21	1.49	112.3%	View
31 Dec, 2018	892,342	-48,548	-9.87	-0.25	261.0%	View
31 Dec, 2017	966,784	30,162	7.12	0.84	32.0%	View
31 Dec, 2016	1,088,972	44,371	13.10	0.61	33.0%	View
31 Dec, 2015	1,289,363	66,238	19.77	0.4	238.4%	View
31 Dec, 2014	1,042,946	-47,860	-14.23	-0.77	198.4%	View
31 Dec, 2013	972,188	48,635	15.82	0.51	35.5%	View
31 Dec, 2012	779,367	35,889	12.10	1.98	17.1%	View
31 Dec, 2011	699,203	30,642	10.50	0.86	40.0%	View
31 Dec, 2010	762,891	51,042	17.21	0.87	20.1%	View
31 Dec, 2009	685,377	42,516	14.25	0.56	58.0%	View
31 Dec, 2008	632,992	26,913	9.06	1.21	19.7%	View
31 Dec, 2007	503,430	33,531	11.23	0.36	27.3%	View
31 Dec, 2006	539,194	26,331	8.79	0.34	35.8%	View
31 Dec, 2005	519,269	41,024	13.67	0.46	9.6%	View
31 Dec, 2004	574,049	45,405	15.13	0.39	12.1%	View
31 Dec, 2003	480,537	40,499	20.69	0.1		View

Announced	Financial Year	Subject	EX Date	Payment Date	Amount	Indicator
31 Dec, 2019
27 Nov 2019	31 Dec 2019	Ordinary Dividend	30 Dec 2019	10 Jan 2020	0.0060	Currency	View
28 May 2019	31 Dec 2019	Ordinary Dividend	18 Jun 2019	10 Jul 2019	0.0060	Currency	View
31 Dec, 2017
09 Apr 2018	31 Dec 2017	Ordinary Dividend	19 Jun 2018	03 Jul 2018	0.0250	Currency	View
29 Nov 2017	31 Dec 2017	Ordinary Dividend	09 Jan 2018	26 Jan 2018	0.0300	Currency	View
31 Dec, 2016
06 Apr 2017	31 Dec 2016	Ordinary Dividend	19 Jun 2017	06 Jul 2017	0.0300	Currency	View
24 Nov 2016	31 Dec 2016	Interim Dividend	09 Jan 2017	23 Jan 2017	0.0300	Currency	View
31 Dec, 2015
31 Mar 2016	31 Dec 2015	Final Dividend	15 Jun 2016	29 Jun 2016	0.0500	Currency	View
24 Nov 2015	31 Dec 2015	Interim Dividend	29 Dec 2015	12 Jan 2016	0.0400	Currency	View
27 May 2015	31 Dec 2015	Interim Dividend	17 Jun 2015	01 Jul 2015	0.0400	Currency	View
31 Dec, 2014
25 Nov 2014	31 Dec 2014	Interim Dividend	30 Dec 2014	15 Jan 2015	0.0500	Currency	View
31 Dec, 2013
28 Apr 2014	31 Dec 2013	Final Dividend	25 Jun 2014	11 Jul 2014	0.0600	Currency	View
28 Nov 2013	31 Dec 2013	Interim Dividend	16 Dec 2013	02 Jan 2014	0.0400	Currency	View
31 Dec, 2012
15 May 2013	31 Dec 2012	Final Dividend	28 Jun 2013	15 Jul 2013	0.0400	Currency	View
28 Nov 2012	31 Dec 2012	Special Dividend	13 Dec 2012	28 Dec 2012	0.0600	Currency	View
28 Nov 2012	31 Dec 2012	Interim Dividend	13 Dec 2012	28 Dec 2012	0.0400	Currency	View
31 Dec, 2011
27 Apr 2012	31 Dec 2011	Final Dividend	27 Jun 2012	12 Jul 2012	0.0400	Currency	View
23 Nov 2011	31 Dec 2011	First Interim Dividend	19 Dec 2011	09 Jan 2012	0.0400	Currency	View
31 Dec, 2010
26 Apr 2011	31 Dec 2010	Final Dividend	28 Jun 2011	15 Jul 2011	0.0500	Currency	View
30 Dec 2010	31 Dec 2010	First Interim Dividend	29 Dec 2010	18 Jan 2011	0.0500	Currency	View
31 Dec, 2009
28 Apr 2010	31 Dec 2009	Final Dividend	28 Jun 2010	08 Jul 2010	0.0500	Currency	View
26 Nov 2009	31 Dec 2009	First Interim Dividend	29 Dec 2009	12 Jan 2010	0.0400	RM	View
31 Dec, 2008
30 Apr 2009	31 Dec 2008	Final Dividend	26 Jun 2009	08 Jul 2009	0.0400	RM	View
20 Nov 2008	31 Dec 2008	First Interim Dividend	16 Dec 2008	07 Jan 2009	8.1080	Percentage	View
31 Dec, 2007
29 Apr 2008	31 Dec 2007	Final Dividend	26 Jun 2008	08 Jul 2008	10.8200	Percentage	View
22 Nov 2007	31 Dec 2007	First Interim Dividend	26 Dec 2007	15 Jan 2008	10.9600	Percentage	View
31 Dec, 2006
27 Apr 2007	31 Dec 2006	Final Dividend	21 Jun 2007	03 Jul 2007	10.9600	Percentage	View
28 Nov 2006	31 Dec 2006	First Interim Dividend	13 Dec 2006	28 Dec 2006	8.3330	Percentage	View
31 Dec, 2005
26 Apr 2006	31 Dec 2005	Final Dividend	16 Jun 2006	28 Jun 2006	0.0400	RM	View
18 Nov 2005	31 Dec 2005	First Interim Dividend	28 Dec 2005	10 Jan 2006	0.0230	RM	View
31 Dec, 2004
27 Apr 2005	31 Dec 2004	Final Dividend	01 Jun 2005	15 Jun 2005	0.0400	RM	View
24 Nov 2004	31 Dec 2004	First Interim Dividend	04 Jan 2005	18 Jan 2005	0.0230	RM	View
31 Dec, 2003
29 Apr 2004	31 Dec 2003	Final Dividend	25 Jun 2004	12 Jul 2004	0.0360	RM	View
30 Dec 2003	31 Dec 2003	First Interim Dividend	15 Jan 2004	10 Feb 2004	4.3200	Percentage	View

Announced	EX Date	Subject	Ratio
10 Apr 2018	20 Apr 2018	Bonus Issue	1 : 6	View
10 Apr 2018	20 Apr 2018	Bonus Issue (warrant)	1 : 4	View
09 Nov 2016	22 Nov 2016	Bonus Issue	1 : 4	View

Name	Price	Change	Volume	Gearing	Premium	Premium %	Maturity

No warrants found.

Announced	Date Change	Type	Shares	Name

No records

Recent News

Spillover effects from Sarawak KUTS job

PETALING JAYA: The Sarawak government’s investment in the Kuching Urban Transportation System (KUTS) project and hydrogen technologies will generate huge spillover effects, says Kenanga Research.

19 Mar, 2024 00:00am - 1 month ago TheStar
Protasco, Sarawak Cable, GUH, Landmarks, Samchem, Zelan

theedgemalaysia.com highlighted two stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday.

27 Dec, 2023 13:46pm - 3 months ago TheEdge
Kumpulan Jetson, Protasco, MyNews, MCE, SMIS, Epicon, Rimbunan Sawit, PT Resources, AEON Credit, Foundpac

Here is a brief recap of some corporate announcements that made news on Thursday: Kumpulan Jetson Bhd, Protasco Bhd, MyNews Holdings Bhd, MCE Holdings Bhd, SMIS Corp Bhd, Epicon Bhd, Rimbunan Sawit Bhd, PT Resources Holdings Bhd, AEON Credit Service (M) Bhd, and Foundpac Group Bhd.

21 Dec, 2023 23:59pm - 4 months ago TheEdge
Protasco files bankruptcy notices against ex-director Tey and associate Ooi, demands RM123 mil from each

Protasco Bhd has initiated bankruptcy proceedings against former director Datuk Tey Por Yee and his associate Datuk Ooi Kock Aun, demanding a total sum of RM123.37 million from each of them.

21 Dec, 2023 20:01pm - 4 months ago TheEdge
Insider Moves: Southern Cable Group Bhd, Excel Force MSC Bhd, Propel Global Bhd, Matrix Concepts Holdings Bhd, T7 Global Bhd

Notable filings From Nov 20 to 24, notable changes at Bursa Malaysia-listed companies included those at Southern Cable Group Bhd, which saw Semangat Handal Sdn Bhd pare down its stake in the cable and wire manufacturer to 19.13% following the disposal of 38 million shares, or a 4.75% ...

12 Dec, 2023 14:00pm - 4 months ago TheEdge

Recent Announcements

OTHERS

INTENTION TO SEEK SHAREHOLDERS' APPROVAL ON THE RENEWAL OF SHARE BUY-BACK MANDATE
2024-04-18 - 5:26 pm
MATERIAL LITIGATION

BANKRUPTCY PROCEEDINGS AGAINST TEY POR YEE AND OOI KOCK AUN
2024-03-18 - 5:08 pm
MATERIAL LITIGATION

PENANG HIGH COURT CIVIL SUIT NO. PA-22NCVC-155-09/2020 TENAGA NASIONAL BERHAD -VS- KUMPULAN IKRAM SDN. BHD.
2024-03-06 - 12:47 pm
Quarterly rpt on consolidated results for the financial period ended 31/12/2023

2024-02-27 - 5:05 pm
MATERIAL LITIGATION

PENANG HIGH COURT CIVIL SUIT NO. PA-22NCVC-155-09/2020 TENAGA NASIONAL BERHAD -VS- KUMPULAN IKRAM SDN. BHD.
2024-02-21 - 5:13 pm

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Hong Chew Eu

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Some times companies look for new ventures because the existing ones are not able to scale up. But new venture use up funds.

Take the case of Protasco. The company has reported 11 business segments even though the revenue for 2023 was only about 1 RM billion.

You may be forgiven for wondering whether management is just trying many things to see what works. When you look at the chart, you can see that only one segment is driving revenue and earnings. https://i.postimg.cc/3wXQxfYW/Protasco.png

It suggests that management is trying luck to see what else they can do. The worse part is that several of its historical ventures have lost money. And there are some which have ended up as legal cases as the company tried to recover what was paid.

I would think that it may be better for the company to return the excess funds to shareholders than try luck. Protasco is a cash cow. But the cash is not well deployed.

For more insights refer to https://www.i4value.asia/2024/04/is-protasco-investment-opportunity.html#more