KERJAYA PROSPEK GROUP BERHAD

KLSE (MYR): KERJAYA (7161)

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Last Price

2.15

Today's Change

-0.02 (0.92%)

Day's Change

2.14 - 2.20

Trading Volume

1,227,700


3 people like this.

1,826 comment(s). Last comment by sakurako 17 hours ago

Posted by smartInvestor1 > 2017-04-05 15:03 | Report Abuse

hahaha very happy earning profit

Posted by Raymond6688 > 2017-04-05 20:56 | Report Abuse

whats the good news

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-10 10:09 | Report Abuse

up up up

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-10 15:27 | Report Abuse

RM 3.00 possible?

abangadik

2,305 posts

Posted by abangadik > 2017-04-10 18:11 | Report Abuse

Still very early this game.. Plenty more to go...

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-10 18:14 | Report Abuse

Good good...this stock has alot of potentials to go up

bigbigboss

441 posts

Posted by bigbigboss > 2017-04-10 22:31 | Report Abuse

TP can put more than RM 3.50

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-11 09:12 | Report Abuse

UP UP UP

tecpower

3,536 posts

Posted by tecpower > 2017-04-11 19:36 | Report Abuse

Write a comment..CIDB: Malaysia's construction sector to grow by 8% this year http://www.theedgemarkets.com/my/node/343952

Posted by aries_saham > 2017-04-11 19:52 | Report Abuse

Please avoid comments. ...silent will make it growth

Posted by aries_saham > 2017-04-11 19:53 | Report Abuse

Excitement will make them push lower.

goldenluck16

1,956 posts

Posted by goldenluck16 > 2017-04-12 12:27 | Report Abuse

3.02...New high

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-12 12:30 | Report Abuse

3.02! multi year high now! yippie

flyer111

35 posts

Posted by flyer111 > 2017-04-12 13:09 | Report Abuse

yahoooooooooo hurai hurai

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-12 16:42 | Report Abuse

Buy as much as possible

Alley83

187 posts

Posted by Alley83 > 2017-04-12 23:39 | Report Abuse

Still can enter on tomorrow?

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-13 07:46 | Report Abuse

yes, the TP is RM 3.50, still has potentials to go up.

Posted by jOe_bangsar > 2017-04-13 16:00 | Report Abuse

well said..shooting up this month like ekovest

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-13 19:12 | Report Abuse

Today kerjaya shares prices well supported at 3.00 with buyer rates 82% and a smaller volume ofof 1.3mil shares. Looks good.

skyjet

542 posts

Posted by skyjet > 2017-04-13 21:42 | Report Abuse

Don't listen to this suck optimus9199 comment, any stock that optimus9199 buy/hold, better sell, else you will regret. Don't listen to this lier.

skyjet

542 posts

Posted by skyjet > 2017-04-13 21:50 | Report Abuse

Better sell Kerjaya because fund manager start selling.

Song Lee

116 posts

Posted by Song Lee > 2017-04-14 00:06 | Report Abuse

Skyiet

Song Lee

116 posts

Posted by Song Lee > 2017-04-14 00:06 | Report Abuse

How you know

Posted by aries_saham > 2017-04-14 23:40 | Report Abuse

I love kerjaya

calvinteo

330 posts

Posted by calvinteo > 2017-04-15 22:31 | Report Abuse

KERJAYA PROSPEK

Kenanga IB has recently increased the Target Price of Kerjaya Prospek to RM3.10, with assumptions on a conservative basis. I, personally forecasted a near term Target Price of RM4.00, after my thorough research based on a number of strong catalysts as follows:

1. Huge Orderbook – Strong Earnings Visibility
With orderbook of approximately RM2.7b, the earnings visibility for Kerjaya is strong for the next few years. Management has set a conservative RM800m orderbook replenishment target for 2017 (in UOB Kay Hian Research Report), which should be easily surpassed given its strong track record of securing orders.

2. Better Margins over Peers
Kerjaya’s net margins of 12% remain superior over peers’ (MITRA, HSL, KIMLUN) average of 9%.

3. Beneficiary from Premium Client Portfolio Including E&O, Eco World, SP Setia, Yong Tai, BCB, etc.
KWAP has recently injected RM776M into E&O’s STP Phase 2A for a 20% stake. The collaboration of E&O and KWAP to jointly develop STP Phase 2A project in Penang would expedite the contract awarding process and is poised to benefit KERJAYA given that E&O has been a long term client of KERJAYA.

4. Construction Theme
KL Construction Index (KLCON) had climbed to a new high of 25.43 times - its highest since its lowest PER of 5.8 times in 2011 alongside with recent lifting of share performance for index heavyweights such as IJM and Gamuda.

5. Technical Breakout
Kerjaya share price has been surging recently and break its major resistance at RM2.50. The
upwards momentum seems sustainable and will continue to go up North, I believe.

6. Increase Share Liquidity
In my humble opinion that Bonus share issue shall be one of the best approach to allow more participation of new shareholders. It again enhances the upward momentum.

With the reasons above, I believe my Target Price of RM4.00 is rather realistic, which I think it is achievable in a short period of time with the strong momentum of broad market in KLSE despite my belief that more and more positive and good quarter results achievement by the majority construction and property listed Companies.

Apart from buying mother shares, I’m also recommending its Call Warrant, Kerjaya-CA, at less than 10% premium, with an expiry date on Sept 2017. It’s at discounted price with low premium compared to the call warrants in comparable companies with similar expiry date, such as IJM-C4 at 13% premium and Gamuda-C34 at 12% premium.

With its gearing of 4.8 times, assume Kerjaya mother share price goes up to RM3.50 from RM 3.00 (up by 17%), the Kerjaya-CA will go up by 82%. If the Kerjaya goes up to RM4.00 (up by 33%), the Kerjaya-CA will go up by 158%. Of course, it comes with higher risk. But if you believe KERJAYA has great potential and it deserves for a higher price, it is good to have KERJAYA-CA to be in your portfolio too.

----------------------------------------

To be continued....

calvinteo

330 posts

Posted by calvinteo > 2017-04-16 00:29 | Report Abuse

BULL MARKET- NON-AWARENESS OF STRUCTURE CALL WARRANT: KERJAYA -CA
Stock: KERJAYA-CA
Code: 7161-CA
Style: European-style cash settled
Issue Size: Up to 35M SW
Exercise Ratio: 2.5 SW 1 shall be entitled to 1 Kerjaya [KP] Share
Listing Date: 14th March 2017
Exercise Price: RM 2.60
Expire Date: 29th September 2017
Issue Price: RM 0.15, being (i) 15.12% of the Reference Price divided by (ii) the Exercise Ratio, rounded up to the nearest half sen.
Settlement Method: Cash Settlement
Exercise Date: On the Expire Date i.e. 29/09/2017
Exercise Expenses = [Settlement Price - Exercise Price] / Exercise Ratio x 0.30%

Intrinsic Value [IV] Calculation = [Settlement Price – Exercise Price] / Exercise ratio
Market Trading Price = Intrinsic Value [IV] + Volatile Value [VV]

Note: Volatile Value is depending some of the following factors:
* (i) Bull perceptions
* (ii) Foreseeable of Kerjaya’s prospectus and substantial growth
* (iii) Time Value Factor
* (iv) Bonus issue of KP, if any etc.

Illustration: Based on Closing Date on 11/04/2017

(1) Kerjaya Share Price (as of 11 April 2017) RM 2.91
Kerjaya-CA Price (as of 11th April 2017): RM 0.205

Intrinsic Value of Kerjaya-CA = (RM 2.91-RM 2.60) / 2.5
IV = 0.31/ 2.5 = 12.4 sen.

Premium [Violatile Value/ Time Value] = 20.5 sen – 12.4 = 8.1 sen.
Gearing = Price of Mother Share / (Exercise Ratio x Price of Call Warrant) = RM 2.91 / (2.5 x RM 0.205) = 5.68 x I

The gearing 5.68 x I means that instead of buying one mother share at current price, you are able to use the same capital to buy its CA in which represent 2.68 units of the Mother Share.

llustration Scenario
(2) IF Kerjaya share is RM 3.50.
IV = [ RM 3.50 – RM 2.60 ] / 2.5 = RM 0.36

Market value for Kerjaya-CA = RM 0.36 + RM 0.09 = RM 0.45

Note: Based on same VV at RM 0.09 sen.

(3) IF Kerjaya share is RM 4.00.
IV = [RM 4.00 – RM 2.60] / 2.5 = RM 0.56

Market value for Kerjaya CA = RM 0.56 + RM 0.09 = RM 0.65

Note: Based on the same assumption that VV is at RM 0.09 Sen.

I hope my demonstration and research above may be useful and can help you understand better the mechanism of Structure Call Warrants. Please refer to Kerjaya-CA time sheet, listing information and profile from Bursa Malaysia website.
I believe this may be a simple illustration to attract investor or newbie to learn, understand and enhance awareness of the Structure Call Warrant.

Reference: Please refer to Master Sifu Icon888’s his recent article which was posted on 1st April 2017 – “Add Sprinkles of Call Warrants to Spice Up Your Portfolio“.
His remarkable quote "The strategy is interesting not only it makes your portfolio sxxier. It also opens up a new universe for retails investor like us in terms of exposure to blue chips”

NOTE: TRADE AND OR INVEST AT YOUR OWN RISK

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-16 11:54 | Report Abuse

thanks calvinteo for your detailed write ups, however i think RM 4.00 is too much of a price...unless the coming results can be better than previous year.

abangadik

2,305 posts

Posted by abangadik > 2017-04-16 12:04 | Report Abuse

Optimus9199: I am still waiting for the M&A of piling company to materialise.

I think with that 4.00 is possible. Currently I am looking at 3.30-3.50 with more STP2 project coming in.

BetterCo

11 posts

Posted by BetterCo > 2017-04-16 17:25 | Report Abuse

I actually bought KERJAYA-CA price @ 0.20 few days ago. After cited the detailed information provided by calvinteo and the up-coming STP 2 Project, I believed RM3.5 would not be an issue for near term. If RM4 really possible, i really should continue buying more KERJAYA-CA!!! Thanks for the information shared !

skyjet

542 posts

Posted by skyjet > 2017-04-16 22:28 | Report Abuse

Buy on Oct, Sell on May, May is coming soon. Better sell first since market sentiment not good now.

http://klse.i3investor.com/blogs/Backtesting/85101.jsp
每年的5 -6月都在股市浮沉。结论是,这几个月股市真的很安静。成交量低,这几年都是下跌趋势。

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-17 07:03 | Report Abuse

I will buy more once the quarterly results are out for a clearer picture of the company movements.

KLCI King

3,220 posts

Posted by KLCI King > 2017-04-17 07:54 | Report Abuse

Net profit margin dropped for past few quarters, overpriced, better careful

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-17 12:32 | Report Abuse

Buy as much possible

1n1792

428 posts

Posted by 1n1792 > 2017-04-19 15:45 | Report Abuse

Optimus what counters are I still holding may I ask.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-20 15:22 | Report Abuse

What are you trying to say?

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-20 16:09 | Report Abuse

up up up again!!

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-21 15:39 | Report Abuse

3.09

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-22 09:11 | Report Abuse

Large article in theedgeweekly on Kerjaya Prospek today.

abangadik

2,305 posts

Posted by abangadik > 2017-04-22 09:21 | Report Abuse

mother share cornered by IB sold CA at a pretty 150% profit and add more mother to ride to 3.50... keekeeekeee..cash rich, STP2 project waiting for goodies..

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-22 18:49 | Report Abuse

More exciting projects coming soon by Kerjaya.

goldenluck16

1,956 posts

Posted by goldenluck16 > 2017-04-23 11:12 | Report Abuse

Just buy and reap more in the long term.

goldenluck16

1,956 posts

Posted by goldenluck16 > 2017-04-23 11:14 | Report Abuse

Kerjaya CA...better returns if mother share goes up

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-23 12:46 | Report Abuse

Buy as much as possible...

farinsight

128 posts

Posted by farinsight > 2017-04-28 10:19 | Report Abuse

buy buy buy

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-28 13:42 | Report Abuse

Multi year high 3.13 again. Good stock.

Cockcroach

625 posts

Posted by Cockcroach > 2017-05-02 21:11 | Report Abuse

A little profit taking today. So, i caught some at 2.96 to top up

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-02 22:41 | Report Abuse

Should be ok, generally market is weak too

Zoe0016

41 posts

Posted by Zoe0016 > 2017-05-03 17:23 | Report Abuse

Still can buy?

bigbigboss

441 posts

Posted by bigbigboss > 2017-05-03 18:19 | Report Abuse

dont so fast buy in . the trend look like want to retrace 1st before another new high

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