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Research by Kenanga
OUTPERFORM – TP RM2.24

" Bags RM293m UEMS Building Job”

KERJAYA has secured a RM292.8m building contract from a repeat client, UEMS (Not Rated), to build a 57-storey service apartment in Kuala Lumpur, its first external job this year. This brings its YTD job wins to exceed its guidance at RM1.55b, and lifting outstanding order book to RM4.7b. We keep our estimates and TP of RM2.24. OUTPERFORM maintained.

Analyst: 
Teh Kian Yeong 
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$KLSE-KERJAYA 
Research by Kenanga
OUTPERFORM – TP RM2.24

" Bags RM293m UEMS Building Job”

KERJAYA has secured a RM292.8m building contract from a repeat client, UEMS (Not Rated), to build a 57-storey service apartment in Kuala Lumpur, its first external job this year. This brings its YTD job wins to exceed its guidance at RM1.55b, and lifting outstanding order book to RM4.7b. We keep our estimates and TP of RM2.24. OUTPERFORM maintained.

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

$KERJAYA / 7161 (KERJAYA PROSPEK GROUP BERHAD)