[%UKNX%] 
Research by Public
Neutral - TP RM1.96

"In Line With Expectations"

Kerjaya Prospek Group (KPGB) reported a 17.5% YoY growth in 2QFY24 net profit to RM37.1m, owing to the better performance of its construction and property divisions. Excluding non-core items, KPGB’s estimated core net profit came in at RM38.1m, bringing the 6MFY24 core net profit to RM75.0m. In 1HFY24, Group results were broadly within our and consensus estimates, making up 45.8% and 43.8% of full-year forecasts, respectively. As such, we make no changes to our
earnings forecasts. Maintain Neutral call on KPGB with an unchanged SOP based TP of RM1.96. A second interim dividend of 2.50sen per share was declared, bringing total dividend for the year to 5.00sen per share (6MFY23: 4.0sen per share).

Analyst:
Denny Oh
[%MIdk%]

$KLSE-KERJAYA 
Research by Public
Neutral - TP RM1.96

"In Line With Expectations"

Kerjaya Prospek Group (KPGB) reported a 17.5% YoY growth in 2QFY24 net profit to RM37.1m, owing to the better performance of its construction and property divisions. Excluding non-core items, KPGB’s estimated core net profit came in at RM38.1m, bringing the 6MFY24 core net profit to RM75.0m. In 1HFY24, Group results were broadly within our and consensus estimates, making up 45.8% and 43.8% of full-year forecasts, respectively. As such, we make no changes to our
earnings forecasts. Maintain Neutral call on KPGB with an unchanged SOP based TP of RM1.96. A second interim dividend of 2.50sen per share was declared, bringing total dividend for the year to 5.00sen per share (6MFY23: 4.0sen per share).

Analyst:
Denny Oh
Oh.BoonYeow@publicinvestbank.com.my

$KERJAYA / 7161 (KERJAYA PROSPEK GROUP BERHAD)