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Hot Stock Protasco rises 1.25% after landing RM300.5m job in Putrajaya
by Cals Wed 02 Dec 2015, 20:38
- Hot Stock
[size=28]Protasco rises 1.25% after landing RM300.5m job in Putrajaya
By Surin Murugiah / theedgemarkets.com | December 2, 2015 : 10:51 AM MYTKUALA LUMPUR (Dec 2): Protasco Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.40)'s share price rose 1.25% at mid-morning today after it secured a project worth RM300.5 million to build homes for civil servants in Putrajaya.
At 10.10am, Protasco rose 2 sen to RM1.62 with 1.75 million shares traded.
Protasco yesterday said it had secured a contract worth RM300.5 million from the government to build 1,100 houses in Putrajaya under the 1Malaysia Civil Servants Housing Programme.
In a filing today, the company said its unit Protasco Development Sdn Bhd had received a letter of award from Perbadanan Putrajaya for the contract.
It expects the project to contribute positively to its future earnings.
(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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