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KLSE:KERJAYA

13 stories mentioning KLSE:KERJAYAUpdated 5d ago

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Treasury

Malaysian Shares End in Red Amid Regional Sell-Off

Malaysian shares ended in the red on Friday, snapping yesterday's gains. Investor sentiment mirrored a downbeat regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 13.57 points to end 0.1% lower at 1,701.02.Malaysia's coincident index, which gauges current economic conditions, fell 0.3% month over month in May to 131.2 points from 131.6 points in April, according to the Department of Statistics Malaysia. The reading missed the 0.5% growth forecast tracked by Trading Economics. On an annual basis, the index rose 2.5% to 131.2 points from 128 points a year earlier.Meanwhile, Malaysia's leading index, which anticipates economic direction in the near term, ticked down 0.5% month over month in May. The pace of growth missed the Trading Economics forecast of 0.3%.Malaysia completed a $1.5 billion dual-tranche global sukuk, or Islamic bond, issuance after attracting investor orders exceeding $9.5 billion, or 4.7 times the amount offered, the country's finance ministry reported. The sale comprised an $850 million sukuk, maturing in 5.75 years, and a $650 million tranche, with a 10-year tenor.In corporate news, shares of Westports (KLSE:WPRTS) gained over 2% on today's close after it posted a profit attributable to owners of 360.9 million ringgit in the second quarter, up 56% from 231.6 million ringgit a year earlier. Earnings per share surged 56% to 0.105 ringgit, from 0.0679 ringgit a year prior.Shares of Kerjaya Prospek Group (KLSE:KERJAYA) also rose over 2% on Friday's close after it secured a 52.5 million ringgit subcontract to carry out civil, structural, and basic low-voltage mechanical and electrical works for a data center project in Malaysia's Klang Valley.

FTSE Bursa Malaysia KLCIKLSE:KERJAYAKLSE:WPRTS
Asia

Kerjaya Prospek Bags MYR52.5 Million Data Center Subcontractor Project

Kerjaya Prospek Group (KLSE:KERJAYA) secured a 52.5 million ringgit subcontract to carry out civil, structural, and basic low-voltage mechanical and electrical works for a data center project in Malaysia's Klang Valley.The subcontract forms part of the proposed construction of a new 275-kilovolt consumer landing station for the data center, according to a Thursday Bursa Malaysia filing.The contract took effect on July 23 and is scheduled for completion on Jan. 9, 2027.Kerjaya Prospek shares were up nearly 2% in recent trading.

KLSE:KERJAYA
Asia

Malaysian Shares End Week in Green on Upbeat Economic Data

Malaysian shares ended in the green on Friday, extending yesterday's gains. Investor sentiment was further boosted by faster GDP growth in the second quarter, as well as slower inflation in JuneThe FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 9.26 points to end 0.5% higher at 1,731.45.In economic news, Malaysia's economy expanded 5.8% year over year in the second quarter of 2026, according to advance estimates released by the Department of Statistics Malaysia. The headline reading compared with the 5.4% year-over-year growth recorded in the preceding quarter, coming in above the 5.3% Trading Economics forecast.Moreover, Malaysia's headline consumer price index (CPI) rose 1.9% year over year in June, according to data from the Department of Statistics Malaysia. The reading missed the consensus forecast of 2% tracked by Investing.com. It was also softer than a 2% expansion recorded in the previous month.In corporate news, GuocoLand (Malaysia) (KLSE:GUOCO) will suspend trading on July 30, ahead of the implementation of its privatization, via a selective capital reduction and repayment exercise. The privatization date has been fixed for July 31, with entitled shareholders to receive 1.10 ringgit in cash for each GLM share held on that date.Shares of Kerjaya Prospek Group (KLSE:KERJAYA) gained a little over 1% on Friday's close after its unit Acumen Marketing subscribed for 70 million new shares, or a 9.09% stake in ES Sunlogy, for 18.8 million ringgit.

FTSE Bursa Malaysia KLCIKLSE:GUOCOKLSE:KERJAYA
Asia

Kerjaya Prospek Unit Subscribes for MYR19 Million Stake in ES Sunlogy

Kerjaya Prospek Group (KLSE:KERJAYA) unit Acumen Marketing subscribed for 70 million new shares, or a 9.09% stake in ES Sunlogy, for 18.8 million ringgit, according to a Thursday Malaysian bourse filing.Shares gained over 1% in Friday's midday trade.The engineering and renewable energy company issued shares at 0.268 ringgit apiece under ES Sunlogy's private placement. The shares were listed on July 16.The subscription was funded through internally generated funds and is not expected to have a material impact on the group's earnings.

KLSE:KERJAYA
Asia

Malaysian Shares Extend Losses Mirroring Downbeat Regional Sentiment

Malaysian shares ended in the red on Monday, erasing gains from the previous session, and bucking a positive regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 20.92 points to end 1.2% lower at 1,679.92.In corporate news, shares of Kerjaya Prospek Group (KLSE:KERJAYA) slid over 2% on Tuesday's close after its unit Kerjaya Prospek (M)secured a 488.4 million ringgit building contract from Persada Mentari for a development project in Penang, Malaysia.Shares of Theta Edge (KLSE:THETA) slid about 1% on close after it decided to abort its proposed private placement of up to 23.6 million shares, representing about 20% of its existing issued share capital. The company said the decision was made after board deliberation, citing plans to explore alternative fundraising avenues that could potentially raise higher proceeds.Topmix (KLSE:TOPMIX) unit Luma International launched a digital renovation platform, myRuma. The platform combines financing, quality checks, risk coverage, and a network of vetted contractors to make renovation services more structured and easier to manage for homeowners. Shares ended flat today.

FTSE Bursa Malaysia KLCIKLSE:KERJAYAKLSE:THETAKLSE:TOPMIX
Asia

Kerjaya Prospek Unit Bags MYR488 Million Building Contract

Kerjaya Prospek Group (KLSE:KERJAYA) unit Kerjaya Prospek (M)secured a 488.4 million ringgit building contract from Persada Mentari for a development project in Penang, Malaysia.The contract covers two phases of works, including 46-storey serviced apartment blocks, parking facilities and related commercial and recreational spaces.Construction is set to begin on July 1, according to a Tuesday Malaysian bourse filing.The project is scheduled for completion within 42 months, and is expected to contribute positively to earnings for financial years 2026 to 2029.

KLSE:KERJAYA
Asia

Kerjaya Prospek to Acquire Remaining Stake in Tanjung Bungah Development

Kerjaya Prospek (KLSE:KERJAYA) agreed to buy the remaining 40% stake in Tanjung Bungah Development from Aspen Vision Tanjung, alongside terminating the earlier joint venture agreements tied to the Penang project.The deal, valued at a nominal 80 ringgit, follows the settlement of shareholder loans and completion of termination deeds.Once completed, Tanjung Bungah Development will become a wholly owned unit under Kerjaya Prospek Ventures.The group said the move, subject to approvals and market conditions, streamlines ownership, the filing said.

KLSE:KERJAYA
Asia

Malaysian Shares Extend Gains on US-Iran Peace Deal; Sanichi Technology Rallies 7%

Malaysian shares extended gains to end in the green on Monday, mirroring regional gains. The investor sentiment was positive after the US and Iran signed a peace deal, brokered by Pakistan, to reopen the Strait of Hormuz.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 6.06 points to end 0.5% higher at 1,691.39.In local news, the Construction Industry Development Board Malaysia, CIDB Malaysia, appointed Ahmad Farrin Mokhtar as its new chief executive, effective June 8.Malaysia may struggle to surpass its record 431.1 billion ringgit in investment approvals seen in 2025, with growth expected to moderate this year, The Star reported, citing UOB (Malaysia). The bank attributed the softer outlook to geopolitical tensions, energy price swings, and ongoing cost pressures that could dampen investor sentiment.In corporate news, shares of Sanichi Technology (KLSE:SANICHI) jumped over 7% on Monday's close after its unit Sanichi Glove was struck off and dissolved, following publication of a notice in the government gazette on June 8.Shares of Kerjaya Prospek (KLSE:KERJAYA) gained over 3% on clos after its unit Kerjaya Prospek (M) accepted a 529.3 million ringgit building contract from BRDB Developments for a residential project in Kuala Lumpur, Malaysia.

FTSE Bursa Malaysia KLCIKLSE:KERJAYAKLSE:SANICHI
Asia

Kerjaya Prospek Unit Bags MYR529 Million Building Contract

Kerjaya Prospek (KLSE:KERJAYA) unit Kerjaya Prospek (M) accepted a 529.3 million ringgit building contract from BRDB Developments for a residential project in Kuala Lumpur, Malaysia.The contract covers construction of eight villa blocks with 146 units, along with car parks, basement parking, a clubhouse, and shared facilities, according to a Monday Malaysian bourse filing.The deal works begin on June 15, and are scheduled for completion within 33 months, it said.

KLSE:KERJAYA
Asia

Malaysian Shares End Week in Green on Upbeat Economic Data

Malaysian shares extended gains to end in the green on Friday, mirroring regional gains. The investor sentiment was positive after the positive manufacturing and industrial production data.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 4.10 points to end 0.2% higher at 1,683.63.In economic news, Malaysia's manufacturing sales rose 9.1% year over year to 175 billion ringgit in April, according to data from the Department of Statistics Malaysia (DOSM). The growth pace accelerated from the 5.3% increase recorded in March.Malaysia's Industrial Production Index (IPI) rose 8.2% year over year in April, according to data from the DOSM. The pace of growth accelerated from the 3.1% increase recorded in the previous month. It beat the consensus forecast of a 4% growth tracked by Investing.com.Meanwhile, Malaysia's retail trade sales increased 6.3% year over year in April, according to data from the Statistics Department.In corporate news, shares of Titijaya Land (KLSE:TITIJYA) rose over 3% on today's close after it signed a consortium deal with Permodalan Negeri Selangor to develop affordable housing under the Rumah Idaman initiative in Selangor, Malaysia.Shares of Kerjaya Prospek Group (KLSE:KERJAYA) gained about 2% on week's close after its unit Rivanis Ventures signed a development deal worth 156.5 million ringgit with Railway Assets to acquire and develop 34.8 acres of land in Penang, Malaysia.

FTSE Bursa Malaysia KLCIKLSE:KERJAYAKLSE:TITIJYA
Asia

Kerjaya Prospek Unit signs MYR157 Million Development Deal

Kerjaya Prospek Group (KLSE:KERJAYA) unit Rivanis Ventures signed a development deal worth 156.5 million ringgit with Railway Assets to acquire and develop 34.8 acres of land in Penang, Malaysia.Shares gained about 2% in Friday's midday trade.The proposed seven-year mixed-use project will include at least 338 affordable homes, residential properties and commercial units.The project is expected to support future earnings, although it is not expected to have a material impact on its 2026 results, the company said.

KLSE:KERJAYA
Asia

Kerjaya Prospek Q1 Profit Rises 25%

Kerjaya Prospek's (KLSE:KERJAYA) profit attributable to owners jumped 25% to 57.3 million ringgit in the first quarter ended March 31, from 46.1 million ringgit a year earlier, according to a Thursday Bursa Malaysia filing.Basic earnings per share increased to 0.0456 ringgit from 0.0365 ringgit in the corresponding period.Revenue, however, declined 5.3% to 446.8 million ringgit from 472.0 million ringgit a year earlier, the construction company said.

KLSE:KERJAYA
Asia

Kerjaya Prospek Seeks Renewal of Share Buyback Mandate

Kerjaya Prospek (KLSE:KERJAYA) is seeking its shareholders' approval to renew authority to repurchase the issued shares in the company's upcoming annual general meeting, according to a Wednesday Malaysian bourse filing.Shares gained over 1% in Thursday's midday trade.The construction company will share a statement containing details of the repurchase plan with shareholders in due time, it noted.

KLSE:KERJAYA

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