KERJAYA PROSPEK GROUP BERHAD

KLSE (MYR): KERJAYA (7161)

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Last Price

1.86

Today's Change

+0.02 (1.09%)

Day's Change

1.84 - 1.87

Trading Volume

1,044,100


3 people like this.

1,813 comment(s). Last comment by stockpicker888 1 week ago

goldenluck16

1,955 posts

Posted by goldenluck16 > 2017-05-22 16:43 | Report Abuse

Bonus coming

Posted by David Chin > 2017-05-22 17:00 | Report Abuse

Very nice

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-22 17:13 | Report Abuse

See u at the AGM

mamatede

3,950 posts

Posted by mamatede > 2017-05-23 13:43 | Report Abuse

another contract won by kerjaya

Cockcroach

613 posts

Posted by Cockcroach > 2017-05-23 14:10 | Report Abuse

Optimus9199

Pls give us some feedback abt the AGM later

bigbigboss

441 posts

Posted by bigbigboss > 2017-05-23 14:29 | Report Abuse

announce get the order 77m

farinsight

128 posts

Posted by farinsight > 2017-05-23 14:39 | Report Abuse

wow get the new order ... very positive ... with bonus issue

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-23 16:38 | Report Abuse

wow marvellous..another projects

calvinteo

330 posts

Posted by calvinteo > 2017-05-23 19:48 | Report Abuse

Datuk Tee was appointed as Non Independent and Non Executive Director of E@O w.e.f. 1/6/17.

Congratulations!

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-23 20:16 | Report Abuse

The contracts awarded by various companies are as follows : - 23rdMay 2017 :TSM Towers awarded RM 77mil project for 15 months
- May 2017 : BCB Bhd awarded RM 207 mil project for 28 months
- March 31 2017 : STP 1 Project, Penang, value at RM 31.6mil for 18 months
- Sept 5 2016 : Ecoworld Eco Terraces, Penang , value at RM 146.7 mil for 2.5 years
- July 27 2016 : Nusametro. Persiaran Dutamas, value at RM 338.8 mil for 38 months
-July 19 2016 :Yong Tai Apple 99 Project @ Melaka, value at RM 213.75mil for 27 months
-May 31 2016 : Eco Sanctuary Project , value at RM 172.4 mil for 25 months
-May 19 2016 : BCB Bhd Johor, Elysia Park Residence, value at RM 312.85 mil for 36 months
-Mar 3 2016 : CCCC award of STP2, Penang Project, value at RM 181.3 mil for 24 months
- March 3 2016 : Kerjaya Prospek Vista Residences @ Genting Highlands, value at RM 102.45mil for 24 months
It is currently having a total outstanding order book of RM 2.7 billion which will keep Kerjaya busy for the next 2.5 - 3 years.

bigbigboss

441 posts

Posted by bigbigboss > 2017-05-24 18:58 | Report Abuse

tomorrow AGM who will attend ?

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-25 07:34 | Report Abuse

Today will announce quarterly results at 1230pm

TannCK

8 posts

Posted by TannCK > 2017-05-25 09:19 | Report Abuse

Optimus9199. See u at the AGM later, how to identify u later? Haha

Posted by stock_newduck > 2017-05-25 10:33 | Report Abuse

Please keep us posted with the updates from AGM.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-25 13:59 | Report Abuse

Net profit up 22%, cash flow improved.

Posted by OptimusCallMeBaba > 2017-05-25 16:57 | Report Abuse

TannCK, look at my photo, my son optimus9199 look like me, he also performs in walking dead as walker.

Posted by OptimusCallMeBaba > 2017-05-25 17:14 | Report Abuse

Profit up but price drop, news out price drop again?

Posted by OptimusCallMeBaba > 2017-05-25 17:34 | Report Abuse

My son optimus9199, are you still holding any of these:
Gkent, Ekovest, Kerjaya, Econpile, superlon, magni, lii hen, padini, HSS, KESM, AEONCR, poweroot, AWC, Perstim, Yee Lee, Thong Guan, Poh Huat, MSC?

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-25 22:42 | Report Abuse

Stop talking nonsense here

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-26 20:04 | Report Abuse

Maybank IB Retail Research

 

Kerjaya’s 1Q17 net profit jumped 22% YoY and 10% QoQ to MYR28.9m, accounting for 23% of consensus full-year estimate. The strong 1Q17 results were mainly driven by a 18% YoY rise in construction PAT. No dividend was declared for the current quarter.

 

Construction PAT was propelled by a 23% rise in revenue, supported by its outstanding order book of MYR2.6b. This more than offset a 0.6ppts decline in construction PAT margin (1Q17: 13.2% vs 13.8% in 1Q16). Kerjaya’s on-going projects are mainly awarded by blue chips property developers in Malaysia.

 

The stronger construction earnings also helped to offset: 1) a 70% YoY (-MYR0.6m) decline in manufacturing PAT (production of lighting products and kitchen solutions) mainly due to completion of existing project and intense competition; and 2) a 38% YoY (-MYR0.4m) drop in property PAT.

 

For Kerjaya, construction is always the bread and butter. Despite its strong order book of MYR2.6b, the group is still aggressively bidding for works. Its tender book is about MYR1.8b (historical success rate is ~20%). Meanwhile, the investment in industrialised building system aluminium formwork system should help to sustain its margins in the long-term.

 

On property, the group will be banking on its Vista Residences @ Genting Highlands (GDV: MYR300m), which has achieved a take-up rate of approximately 63% at end-Mar 2017. The group also has two more projects in the pipeline namely Genting Permai and Monterez, Shah Alam (likely launch in 2018) with a total gross development value of MYR500m. Unbilled sales were MYR70.7m.

 

Against strong construction pipeline and potentially stronger property earnings in the subsequent quarters, the street is forecasting a 12.8% 2-year EPS CAGR for FY17-19. Brokers are positively biased on the stock with one Buy and one Hold. The mean target price is MYR3.39.

 

While prospects look robust, the key setback here is that valuation is slightly on the high side. At current price, the stock is trading at 14.5x consensus FY17 EPS of 22sen, which is just a tad lower than the Bursa Malaysia Construction Index’s 2017 PER of 16.2x.

 

Note that the group is sitting on a net cash of ~MYR145m at end-Mar 2017, which is equivalent to about 28sen/sh. Also, the 2007/2017 warrants will expire on 20 Dec 2017, which upon converting, could raise another ~MYR15m to the group.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-29 16:13 | Report Abuse

bigger dividends coming soon

Posted by OptimusCallMeBaba > 2017-05-29 17:31 | Report Abuse

optimus9199, are you still holding any of these:
Gkent, Ekovest, Kerjaya, Econpile, superlon, magni, lii hen, padini, HSS, KESM, AEONCR, poweroot, AWC, Perstim, Yee Lee, Thong Guan, Poh Huat, MSC?

Posted by OptimusCallMeBaba > 2017-05-29 17:31 | Report Abuse

If you already sold, don't pretend you are still holding it, optimus9199

Posted by OptimusCallMeBaba > 2017-05-30 09:40 | Report Abuse

Calling to double heads snake optimus9199, pls answer my question

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-31 01:20 | Report Abuse

Hope to reach RM 3.50 soon

optimus9199

2,794 posts

Posted by optimus9199 > 2017-06-02 11:16 | Report Abuse

wow 3.31 now

optimus9199

2,794 posts

Posted by optimus9199 > 2017-06-05 15:59 | Report Abuse

Write a comment..4 multi year high again

optimus9199

2,794 posts

Posted by optimus9199 > 2017-06-06 09:21 | Report Abuse

3.44

bigbigboss

441 posts

Posted by bigbigboss > 2017-06-07 19:35 | Report Abuse

3.21 down

goldenluck16

1,955 posts

Posted by goldenluck16 > 2017-07-03 08:45 | Report Abuse

Accumulate....good news coming soon

bigbigboss

441 posts

Posted by bigbigboss > 2017-07-05 22:27 | Report Abuse

what news coming soon ?

optimus9199

2,794 posts

Posted by optimus9199 > 2017-07-10 17:42 | Report Abuse

wow interim div 5.5sen ( 4sen in 2016)

Posted by aries_saham > 2017-07-10 20:12 | Report Abuse

Hehe

optimus9199

2,794 posts

Posted by optimus9199 > 2017-07-10 21:32 | Report Abuse

buy as much as possible

kkndmvp

29 posts

Posted by kkndmvp > 2017-07-11 10:22 | Report Abuse

start drop ad ~~kaka

kkndmvp

29 posts

Posted by kkndmvp > 2017-07-11 10:23 | Report Abuse

buy low sell high~~

optimus9199

2,794 posts

Posted by optimus9199 > 2017-07-11 19:50 | Report Abuse

up up up

Tom

2,984 posts

Posted by Tom > 2017-07-12 11:17 | Report Abuse

5 cents cash dividend wakaka?

optimus9199

2,794 posts

Posted by optimus9199 > 2017-07-12 15:45 | Report Abuse

ya still better than nothing

optimus9199

2,794 posts

Posted by optimus9199 > 2017-07-13 17:07 | Report Abuse

hope to break 3.42 tomorrow

optimus9199

2,794 posts

Posted by optimus9199 > 2017-07-14 13:43 | Report Abuse

multi year high 3.50 achieved today!

bigbigboss

441 posts

Posted by bigbigboss > 2017-07-14 15:40 | Report Abuse

our TP RM 4

optimus9199

2,794 posts

Posted by optimus9199 > 2017-07-14 17:16 | Report Abuse

Yeah same as my TP RM 4.00 too Now still cheap at 3.47

calvinteo

330 posts

Posted by calvinteo > 2017-07-16 18:24 | Report Abuse

Kerjaya closed at RM 3.47 with new record high at RM 3.50 achieved.

Kerjaya-ca, closed at RM 0.36 sen. Ditto at RM 0.365 achieved.
With premium 0.03 sen, premium percentage is 0.86 and gearing at 3.86
Expire on 29/7/17.

Vroom...vroom...

Next challenge target :-

1) RM 3.62 as per the edge article dated 9th June 2017

2) RM 3.69 as per UOB Kay Hian Securities

Imo- I still maintain my initial target price as reported on 15/4/17 at RM 4 despite dividend 5.5 sen payable on 29/8/17.

Note: Invest and or trade at yr own risk.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-07-17 08:41 | Report Abuse

Buy as much as possible

optimus9199

2,794 posts

Posted by optimus9199 > 2017-07-17 09:18 | Report Abuse

hit 3.53 multi year high now!

optimus9199

2,794 posts

Posted by optimus9199 > 2017-07-17 14:15 | Report Abuse

3.54 multi year high

cychoy

19 posts

Posted by cychoy > 2017-07-17 14:43 | Report Abuse

Patiently waiting for the bonus issue to come.... its a matter of time only...

optimus9199

2,794 posts

Posted by optimus9199 > 2017-07-17 15:07 | Report Abuse

Good good

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