It is more of a defensive stock given that the company profits highly from its road maintenance and construction division.
Construction is part of a country’s economy. We need to sustain self consumption to grow the country.
Protasco is maintaining about 14000km of federal and state roads under long term maintenance contracts and concession.
The outstanding value for these road maintenance and construction works stands at rm1.7 billion which would provide earnings visibility to group for the coming three years from 2013.
Also, Protasco owns approximately 100 acres of freehold land in Kajang for a mixed development known as De Centrum City. The land’s GDV alone is worth about 15 times more than the company’s market cap of rm420 million as at 31 July 2013.
1 comment:
Other investors and reporters are covering Chong Ket Pen, the Malaysian turn Australian refugee who stolen billion dollars from his country and public money. Some of the coverage could be found here:
http://protascopolicescam.blogspot.co.uk/2015/09/case-study-how-chong-ket-pen-grand-scam.html
http://syndicatedscam.blogspot.ae/
http://protascohusseinchoong.blogspot.co.uk/
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