Kerjaya Prospek Group Bhd has secured a RM52.5 million subcontract to undertake civil, structural, and basic low-voltage mechanical and electrical (M&E) works for a new 275-kilovolt consumer landing station supporting a data centre development in the Klang Valley.
In a filing with Bursa Malaysia, the construction group said its wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, had accepted a letter of award from an undisclosed client for the project.
The works commenced on July 23, 2026, and are expected to be completed by Jan. 9, 2027.
Kerjaya Prospek said the contract is expected to contribute positively to the group’s earnings throughout the project period, further strengthening its construction portfolio.
As of June 23, 2026, the group’s outstanding order book stood at RM5 billion, providing strong earnings visibility supported by ongoing infrastructure, commercial, and industrial projects.
The latest contract also reinforces Kerjaya Prospek’s growing involvement in Malaysia’s expanding data centre infrastructure sector, which continues to see rising investment driven by increasing demand for digital services and cloud computing.
According to market data, Kerjaya Prospek is currently trading at one of the lowest valuation multiples among listed Malaysian construction companies. The stock is valued at 12.8 times trailing earnings, compared with Gamuda Bhd at 24.6 times, Sunway Construction Group Bhd at 24.9 times, and Binastra Corp Bhd at 16.1 times.
Analyst sentiment on the company remains positive, with all nine analysts covering the stock maintaining “buy” recommendations. Bloomberg-compiled target prices range between RM2.73 and RM3.46 per share.
Kerjaya Prospek’s shares closed unchanged at RM2.41, giving the company a market capitalisation of approximately RM3.05 billion. The stock has declined 11.1% year-to-date.
