Public Investment Bank Bhd has reaffirmed its ‘Outperform’ rating for Kerjaya Prospek Group Bhd following the company’s recent contract win. The research firm estimates the new contract will generate an average annual contribution of RM12.1 million to Kerjaya Prospek’s revenue between 2026 and 2029. This projection is based on conservative profit margin estimates in the low-teens. PublicInvest’s analysis suggests a positive financial impact for Kerjaya Prospek over the forecast period. The contract win reinforces the analyst’s confidence in the company’s future performance. No specific details of the contract were disclosed in the report.
