Kerjaya Prospek Shares Rise On RM201.3 Mln Selangor Project Win

KUALA LUMPUR, Jan 16 (Bernama) -- Shares of Kerjaya Prospek Group Bhd rose in early trading after the company secured a RM201.3 million contract to construct residential apartments in Selangor.

At 10.30 am, the stock gained three sen to RM2.80, with 996,700 shares traded.

To recap, Kerjaya Prospek chief executive officer Tee Eng Tiong said in a statement yesterday that its first construction contract win for this year lifts the company’s total outstanding order book to RM4.4 billion.

Apex Securities Bhd viewed this contract favourably as it represents Kerjaya Prospek’s first win for the financial year 2026 (FY2026), which bolsters the group’s earnings visibility through to FY2029.

“Based on an estimated 13 per cent profit before tax (PBT) margin, the RM201.3 million project is projected to yield RM26.2 million in PBT over its 40-month duration.

“We believe execution risks remain minimal, backed by Kerjaya Prospek’s robust track record in high-rise developments,” the securities broker said in a note today.

Apex Securities said it expects the developer to deliver a resilient performance despite macro headwinds, supported by a substantial RM4.4 billion outstanding order book, representing a book-to-bill ratio of 2.4 times. 

“Our channel checks indicate that cost pressures remain manageable, with the earlier impact from the crackdown on overloaded commercial vehicles easing as contractors optimise cargo planning and turnaround times.

“We remain optimistic about the group's order replenishment pipeline, particularly from its related-parties Kerjaya Prospek Property Bhd and Eastern & Oriental Bhd,” it added.

-- BERNAMA