Kerjaya Prospek Group Bhd (KPGB) shares rose in early trade today after the group secured an RM858 million contract for mechanical, electrical and plumbing (MEP) fit-out works at a data centre in Iskandar Puteri, Johor.
At 10.24am, KPGB shares had risen four sen to RM3.12, with 467,100 shares traded.
In a note today, Public Investment Bank Bhd said KPGB, through its wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd, had accepted a letter of award dated Sept 1, 2026, from a data centre developer for the MEP fit-out works. The contract carries a fixed lump-sum value of RM858 million.
“The project is set to begin in the third quarter of 2026 and is expected to be completed within eight months. This win brings KPGB’s year-to-date contract wins to RM3.2 billion and its total outstanding order book to RM5.9 billion, further expanding its client base,” the research house said in the note.
Public Investment Bank estimated that the project would contribute approximately RM26.0 million, or 9.6% of KPGB’s forecast earnings for the financial years 2026 and 2027, reflecting the meaningful boost the contract is expected to bring to the group’s overall financial performance.
The bank maintained its “Outperform” call on KPGB and raised its target price to RM3.90, up from RM3.30 previously, citing the strength of the contract win and the company’s growing order book as key drivers behind the upgraded outlook.
With this latest addition, KPGB’s expanding order book underscores its continued momentum in securing high-value construction and fit-out projects, particularly within Malaysia’s fast-growing data centre segment, which has become an increasingly significant contributor to the group’s overall project pipeline.
