$KERJAYA / 7161 (KERJAYA PROSPEK GROUP BERHAD)
Research by Kenanga
OUTPERFORM– TP RM 2.24

" Bags RM275m E&O Building Job”

KERJAYA has secured a RM275.3m building contract from sister company E&O (Not Rated). This brings its YTD job wins to RM1.25b and outstanding order book to RM5.0b. We keep FY24F forecast but uplift FY25F forecasts by 4% and TP by 4% to RM2.24. OUTPERFORM maintained.

Analyst:
Teh Kian Yeong
tehky@kenanga.com.my