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KLSE: KERJAYA       KERJAYA PROSPEK GROUP BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.875 1.50     +0.625 (71.43%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
27/02/2020 1.28 1.50 +0.22 (17.19%) BUY KENANGA Price Target News
21/01/2020 1.32 1.50 +0.18 (13.64%) BUY Rakuten Price Target News
21/01/2020 1.32 1.50 +0.18 (13.64%) BUY KENANGA Price Target News
14/01/2020 1.41 1.50 +0.09 (6.38%) BUY KENANGA Price Target News
27/11/2019 1.39 1.50 +0.11 (7.91%) HOLD KENANGA Price Target News


Price Target Research Article/News (past 6 months)
27/02/2020  KENANGA Kerjaya Prospek Group - FY19 Met Expectations
21/01/2020  Rakuten Kerjaya Prospek Group - New contract secured
21/01/2020  KENANGA Kerjaya Prospek Group - Second Contract Win In 2020
14/01/2020  KENANGA Kerjaya Prospek Group - Strong Start to 2020
27/11/2019  KENANGA Kerjaya Prospek Group - Within Expectations



  3 people like this.
 
nich0las @paperplane, ok. thx for info. deleted.
14/01/2020 5:58 PM
Samtuckfatt Overall, market still no giving any high valuation on property sector, that, why price hardly move even its extreme positive news.
I think only the mega project start and reflected in their better QR result then higher valuation will be given.
14/01/2020 6:02 PM
share4u888 Just hold, price wont stay flat forever if company is growing.
15/01/2020 3:49 PM
dlau8899 Big buy volume at 1.32
15/01/2020 4:57 PM
joyvest can i advise you sth? just hold this counter for a while. the dead fish will swim again fast and furious
16/01/2020 9:56 AM
brendonyeap Buy as much as possible, another big news coming.
16/01/2020 6:16 PM
joyvest what the hell is going on ?
17/01/2020 2:53 PM
brendonyeap RM 331 mil project today announced.
20/01/2020 12:45 PM
smart88 so how? fly or down?
20/01/2020 12:58 PM
share4u888 This coming qtr report eps will surpass 3sen. Then price will move north
20/01/2020 1:55 PM
brendonyeap Buy as much as possible, one more news coming soon.
20/01/2020 3:08 PM
smart88 but the price cannot break 1.40
20/01/2020 4:18 PM
dlau8899 https://www.orientaldaily.com.my/news/business/2020/01/20/323533
21/01/2020 12:02 AM
dlau8899 Going up 1.40 again
21/01/2020 12:02 AM
ALexz21 == impossible 1.40. waiting 1.2 to buy in
21/01/2020 11:24 AM
share4u888 0.99 buy in
21/01/2020 1:41 PM
dlau8899 Going up 1.40
22/01/2020 5:27 PM
joyvest what the hell is going on ?
23/01/2020 8:54 AM
PaulNewman Kerjaya has just announced two big contract wins early in the year. Yet, share price is only up few cents.

The market is pricing Kerjaya like a zero growth stock.

If Kerjaya orderbook exceeded last year’s, the market has to wake up.

Most importantly, E&O will launch its maiden project in STP2 in the second half of the year.

Kerjaya management holds a collectively 28% stake in E&O.

Kerjaya is a proxy to the growth of STP2 without the exposure to the huge debt and capital required for land reclaimation.
23/01/2020 1:56 PM
brendonyeap Gotten another rm 45 mil project STP2 from E & O today.
23/01/2020 6:26 PM
share4u888 .more contract coming soon.
GSB new property development worth 800mil
E&O second bridge worth RM200mil
E&O The Peak Residence condominium worth RM278mil.
E&O maiden condominium at seri tanjung penang STP 2A. Valie unknown yet.

All these are sure contract as thry are related aprty transaction. Added up the contract value, the orderbook will grow to 5bil.
This not yet counted on other customer project like BBCC etc and government infrastructure project. Remember Kerjaya has set up a new division to actively tender for government infrastructure project such as ecrl where tender result will be available real soon.

At orderbook 5bil above, and with successfully tap into government infrastructure project, analysts will rerating Kerjaya and the share price will worth above RM2
24/01/2020 6:50 AM
share4u888 Buy now when construction sector is still at bottom. Gamuda as the sector leader is already moves, and the rest will move real soon too
24/01/2020 6:51 AM
brendonyeap Yes I agree with you.
24/01/2020 11:52 AM
PaulNewman Kerjaya is the most efficient construction company in Malaysia

While most construction companies make 5-7% net profit margin, Kerjaya commands a big fat 12-13% net profit margin that is twice its competitors.

Most analyst report highlighted Kerjaya Prospek's superior margin but they did not explore this subject deeper.

The reason why Kerjaya is able to command superior margin is because of the early adoption of Industrialized Building System where it had invested more than RM 100m into Mivan construction technology which was fully depreciated.

This IBS technology is an important competitive advantage for Kerjaya Prospek because it allows;

a) Faster construction speed where it takes only 7-10 days to build each level as compared to 14 days using the traditional method

b) Reduced labour force requirement by at least 30%

While IBS construction method is not a trade secret, competitors who are late to the game would have to sacrifice their margin by purchasing IBS building materials that are 5 to 10% more expensive than conventional building materials.

Thus, it is hard to compete with Kerjaya in terms of cost and speed of construction.

If a competitor uses the traditional building method, they will have higher cost and longer construction lead time. If a competitor tries to match Kerjaya in terms of construction speed using IBS, they have to sacrifice their margin even more.

This is a sweet competitive advantage to have.
30/01/2020 4:46 AM
brendonyeap Thanks Paul for the info. Really an eye opener.
30/01/2020 7:07 AM
share4u888 GSB share consolidation completed. Next is private placement. Once private placement is completed then a 900mil contract on Shah Alam area will be awarded to Kerjaya. Stay tune
30/01/2020 9:45 PM
RainT good sharing
01/02/2020 1:04 PM
RainT KERJAYA is construct property for property company

also have construct infrastructure but lesser

u got to see and study which area is KERJAYA at

dont simply link the construction sector now weak to KERJAYA

Construction sector is build highway, train, government projects this is weak
01/02/2020 1:05 PM
share4u888 As far as i am aware, GSB coming launch project and E&O second bridge going to awarded to Kerjaya soon.
02/02/2020 5:42 PM
PaulNewman If you look at Kerjaya's revenue in the last four years, it definitely does not qualify as a growth stock. For the market to appraise this stock better, the orderbook has to grow substantially higher than the internal target of RM 1.2 billion at a consistent/year after year pace.

In my opinion, it is quite myopic to purchase Kerjaya shares on the prospect of few project wins. What the market wants is a company that can grow its orderbook substantially than the "guaranteed" RM 1 billion orderbook that the company could replenish each year.

How to achieve such growth rate?

Management has guided that they will not venture overseas. Besides, starting a construction company ground up in neighbour countries is not cheap and easy. Thus, Kerjaya business will most likely be limited in Malaysia only.

Will Kerjaya venture into different construction segment such as rail construction? Unlikely. Since the company has no expertise/competitive advantage in fulfilling such projects.

The future of Kerjaya will hinge largely on how well STP2A performs. If STP2A sold well, I believe Kerjaya could see at least low double digit growth in its order book on top of the customary RM 1 billion orderbook replenishment.
02/02/2020 9:35 PM
RainT so KERJAYA area of competence is within Penang only , lol
02/02/2020 11:58 PM
RainT other than E&O contract work

anyone know what is KERJAYA other work?
02/02/2020 11:58 PM
smart88 No energy
11/02/2020 5:27 PM
Stocks88 Huge impacts caused by COVID-19 ,... China fund definitely back to China... kerjaya can last due to zero debt huge amount of cash.... However. In .. Unpredictable future on development.... no money how to buy property....We should...study...Who buy property of e&o and others developments subcontractor by kerjaya if depending by oversea buyer.... Wish luck....
14/02/2020 9:27 PM
Uranium just manage to had some kfc
10/03/2020 8:38 PM
Uranium burp..................
18/03/2020 11:17 AM
Uranium burp....................................................
19/03/2020 2:24 PM
Uranium burp.................................................................................................
20/03/2020 11:17 AM
Uranium burp burp......................................................................................................................................
24/03/2020 1:21 PM
Uranium burp burp burp
25/03/2020 12:54 PM
Stocks88 Datuk Tee continue to buy back ?
26/03/2020 2:48 PM
Stocks88 250B economic enforcement.
27/03/2020 4:45 PM
Stocks88 Up....Up ...up
27/03/2020 4:46 PM
RainT this one still can buy ke??
02/04/2020 12:09 AM
RainT queue to buy
02/04/2020 11:06 AM
Employee Buyyy
02/04/2020 4:11 PM
Pudica slowly fall in love with this Kerjaya
02/04/2020 5:28 PM
Pudica accumulate as much as possible before price back to 1
02/04/2020 5:29 PM
Stocks88 Economic recession...Over priced property ....Soon burst out....
02/04/2020 9:47 PM
Pudica Overpriced property? Which project overprice?
03/04/2020 9:24 AM

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