KUALA LUMPUR: Builder Kerjaya Prospek Group Bhd
could secure contracts of more than RM1bil this year if all goes well.
This will add to its outstanding order book of around RM4.2bil that provides clear earnings visibility over the next two to three years.
The company has 25 ongoing projects presently, including the One49 Residences, VIVO, Bloomsvale, Conlay 491 and Astrum Ampang.
Its outlook remains positive, according to Rakuten Trade Research, and its earnings delivery remains intact.
“We have revised our earnings for the financial year 2024 (FY24) and FY25 upwards by 4% and 3%, respectively, to better reflect the timing of earnings recognition,” the research house said.
The research house maintained its “buy” call on the counter with a target price of RM2.10 based on a 15 times price-to-earnings ratio over FY24 earnings per share.
