PETALING JAYA: RHB Research is confident that KERJAYA PROSPEK GROUP BHD
(KPG) can achieve its orderbook target of RM1.5bil for the financial year ending Dec 31,2020 (FY20), given that it has already secured RM990mil in new orders for the year.
Despite the challenging environment, the research house said that KPG is maintaining its orderbook replenishment target with aggressive tendering of more than RM3bil, of which 15% is for infrastructure work, while the remainder is mostly for property buildings.
“Meanwhile, its construction orderbook stands at RM3.7bil, which should keep the company busy in the next three to four years, ” RHB Research said.
...