1. Share buy back

Recently this week, We noticed that KERJAYA PROSPEK ( 7161) has been buying back their own shares as from price range of RM1.17- RM1.21. There are many reasons a company buys back their own share. For this instance, we believe that KERJAYA PROSPEK (7161) believes that their company share price is under-valued hence the share buy back.

2. Collaboration with Samsung, with Samsung buying KERJAYA PROSPEK (7161) at RM1.60.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3266661

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3266684 

3.TECHNICAL ANALYSIS

From a technical point of view, KERJAYA PROSPEK (7161) resistance is at RM1.36 which is a possible of 19sen or 16% upside from its closing price on 9/6/2022 of RM1.17.

Samsung CT willingly bought into KERJAYA PROSPEK (7161) at RM 1.60, how much will Market Value KERJAYA PROSPEK (7161)? Do not expect one-day-quick-to-riches as KERJAYA PROSPEK (7161) is NOT a GORENG counter, but a solid investment counter.

2 Sen Dividend coming soon too. :) 

4. Conclusion

We strongly believe that KERJAYA PROSPEK (7161) and SAMSUNG CT's collaboration will ensure that the order book will be higher and hence more profitable. This will ultimately reflect on the share price of KERJAYA PROSPEK (7161). What do you think ? 

What will you do? 

DISCLAIMER: This post serves as an educational analysis and is never meant to be a buy/sell call or recommendation. Investors must always do their own due diligence before making any investment decisions. The author of this post is not liable in any way for any decisions made by any individual.