<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 14): Rakuten Trade has a “buy” rating on Kerjaya Prospek Group Bhd (KPG) at RM1.46, with a target price (TP) of RM1.79, and is positive on KPG’s outlook.</p></div>

<div class=newsTextDataWrapInner><p>In an note on Thursday, the research house said The Vue @ Monterez launched recently in the third quarter ended Sept 30, 2023 (3QFY2023), with a gross development value (GDV) of RM250 million, had recorded a take-up rate of approximately 50% as of November.</p></div>

<div class=newsTextDataWrapInner><p>Rakuten said that meanwhile, KPG is planning to launch Papyrus @ North Kiara, with a GDV of RM500 million, in 1QFY2024.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“We maintain our FY2023 earnings forecast&nbsp;of RM139.2 million, while tweaking our FY24 earnings [estimate] upwards by 2% to reflect the timing of recognition, and introduce our FY25 net earnings forecast of RM181.1 million.</p></div>

<div class=newsTextDataWrapInner><p>“[We recommend] 'buy', with a TP of RM1.79, based on 13 times&nbsp;price-earnings ratio (five-year&nbsp;average) over FY2024 earnings per share, with potential upside of 22.5%,” the research house said.</p></div>

<div class="mt-4 embed-left"><a class="mobx embedimg-icon imgw-800" data-desc="" data-rel="ceolightbox" data-title="" href="//assets.theedgemarkets.com/pics/2023/20231214Kerjaya.png"><img alt="" src="https://assets.theedgemarkets.com/pics/2023/20231214Kerjaya.png" /></a></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="http://theedgemalaysia.com/node/693290" target="_blank">EcoFirst says will contest RM20m lawsuit filed by Kerjaya Prospek over withdrawal of construction contract</a><br />
<a href="http://theedgemalaysia.com/node/691123" target="_blank">Kerjaya Prospek Property posts steady 2Q profit, wants to increase Klang Valley land bank</a></em></p></div>


Rakuten Trade has a “buy” rating on Kerjaya Prospek Group Bhd (KPG) at RM1.46, with a target price (TP) of RM1.79, and is positive on KPG’s outlook.

Rakuten Trade positive on Kerjaya Prospek’s outlook, with target price of RM1.79

RIYADH (April 28): Malaysia adopts a balanced foreign policy approach between the West and East and stands clear of any sort of position that is deemed provocative, Prime Minister Datuk Seri Anwar Ibrahim said on Sunday.

Anwar: Malaysia adopts a balanced foreign policy, stands clear of provocations

RIYADH/DUBAI (April 28): Saudi Arabia, the world's top oil exporter, will adjust its Vision 2030 plan to transform its economy as needed, scaling back some projects and accelerating others, its finance minister said on Sunday.

Saudi Arabia's Vision 2030 projects to be adjusted as needed, finmin says

KUCHING (April 28): Sarawak Premier Tan Sri Abang Johari Tun Openg said on Sunday that prospective investors must deposit at least RM2 million or purchase property worth not less than RM1.5 million to obtain permanent residency (PR) in the state.

Abang Johari: Investors must deposit minimum RM2 mil to migrate to Sarawak

BANGKOK (April 28): Thai Foreign Minister Parnpree Bahiddha-Nukara has abruptly resigned after losing the role of deputy prime minister in a Cabinet reshuffle, local media reported on Sunday.

Thai foreign minister resigns, local media report

SEREMBAN (April 28): Tabung Haji (TH) bore over RM350 million in direct and indirect financial assistance costs for this year's haj operations, its haj management general manager Mohamed Heikal Mohamed Yusuff revealed on Sunday.

Tabung Haji bore more than RM350m in assistance cost for this year's haj ops

KUCHING (April 28): Water is an important component which acts as a stabiliser and catalyst for sustainable national development, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Water acts as stabiliser, catalyst for sustainable national development — Fadillah

LISBON (April 28): Russia's air defence systems destroyed 17 drones launched by Ukraine over its territory, Russia's defence ministry said on Sunday, with a regional official saying the attack targeted an oil storage facility in the Kaluga region.

Russia says it destroyed 17 drones launched by Ukraine

CYBERJAYA (April 28): The Occupational Safety and Health (Amendment) Act 2022 will come into effect on June 1, thus further increasing the level of safety and health at workplaces nationwide, said Human Resources Minister Steven Sim Chee Keong.

Minister: Occupational Safety and Health (Amendment) Act 2022 comes into force on June 1

SHANGHAI (April 28): A private jet linked to Tesla chief executive officer (CEO) Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise visit to the automaker's second-biggest market.

Tesla CEO Elon Musk kicks off surprise trip to Beijing, sources say

BANGKOK (April 28): Thai former energy executive Pichai Chunhavajira was named the country's finance minister on Sunday, facing a tough task to revive Southeast Asia's second-largest economy.

Former exec Pichai named as Thai finance minister, faces growth challenges

<p>Companies Commission of Malaysia issues directive to Ewog’s trustee to freeze trust account funds</p>


Companies Commission of Malaysia orders East West One Group’s trustee to freeze trust account funds

<p>Boustead Properties Bhd will unveil its latest transit-oriented development in Mutiara Damansara in the third quarter of 2024 (3Q2024). A redevelopment project of the eCurve mall, which began operating in 2006 and was closed in 2021, The Lines will be part of the developer’s efforts to elevate the neighbourhood through the Mutiara Damansara revitalisation plan. The overall plan will take about 10 to 15 years to complete with an estimated gross development value of RM8.9 billion.</p>


Reimagining Mutiara Damansara

<p>HULU SELANGOR (April 27): The Selangor government, via several subsidiaries, including the Selangor Menteri Besar (Incorporation) or MBI, has signed memoranda of understanding (MOUs) with several technology companies in Germany, in an effort to further develop the state.</p>


Selangor signs MOU with tech firms in Germany

<p>(April 28):&nbsp;A higher-for-longer interest rate environment is burnishing the credentials of cheap Chinese stocks and driving value investment strategies in Asia.&nbsp;</p>


Fed repricing gives rise to new equities playbook in Asia

<p>RIYADH (April 28): Malaysian Prime Minister Datuk Seri Anwar Ibrahim arrived here on Saturday (April 27) night for a three-day working visit to participate in the World Economic Forum’s (WEF) Special Meeting.&nbsp;</p>


Anwar arrives in Riyadh for World Economic Forum's Special Meeting

<p>SHANGHAI (April 28): A private jet linked to Tesla chief executive officer (CEO) Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise visit to the automaker's second-biggest market.</p>


<p>CYBERJAYA (April 28): The Occupational Safety and Health (Amendment) Act 2022 will come into effect on June 1, thus further increasing the level of safety and health at workplaces nationwide, said Human Resources Minister Steven Sim Chee Keong.</p>


<p>KUCHING (April 28): Sarawak Premier Tan Sri Abang Johari Tun Openg said on Sunday that prospective investors must deposit at least RM2 million or purchase property worth not less than RM1.5 million to obtain permanent residency (PR) in the state.</p>


<p>BANGKOK (April 28): Thai former energy executive Pichai Chunhavajira was named the country's finance minister on Sunday, facing a tough task to revive Southeast Asia's second-largest economy.</p>


<p>Jazz luminary Tay Cher Siang and songstress Janet Lee share their journey through the vibrant world of jazz, each shaped by unique encounters and cultural influences. For Tay, a chance encounter with Astrud Gilberto’s Corcovado sparked a lifelong passion for jazz, rooted in Malaysia’s rich tapestry of sounds and traditions. His eclectic approach to music, termed “cham cham jazz”, celebrates the country’s multicultural essence, blending diverse elements into a harmonious fusion.&nbsp;</p>


Jazz is their jam

<p>KUALA LUMPUR (April 28): Malaysia is on a mission to explore various economic opportunities and attract new investments at the World Economic Forum (WEF) Special Meeting in Riyadh, Saudi Arabia, which will last two days starting Sunday.</p>


Anwar on a mission to explore economic opportunities, attract new investments at WEF

<p>RIYADH (April 28): The World Economic Forum’s (WEF) Special Meeting commences in Riyadh, Saudi Arabia&nbsp;on Sunday, to find solutions to a host of global challenges relating to humanitarian issues, the climate and the economy.&nbsp;</p>


World Economic Forum’s Special Meeting commences in Riyadh

<p>KUCHING (April 28): Water is an important component which acts as a stabiliser and catalyst for sustainable national development, said Deputy Prime Minister Datuk Seri Fadillah Yusof.</p>


<p>SEREMBAN (April 28): Tabung Haji (TH) bore over RM350 million in direct and indirect financial assistance costs for this year's haj operations, its haj&nbsp;management general manager Mohamed Heikal Mohamed Yusuff revealed on Sunday. &nbsp;</p>


<p>RIYADH/DUBAI (April 28): Saudi Arabia, the world's top oil exporter, will adjust its Vision 2030 plan to transform its economy as needed, scaling back some projects and accelerating others, its finance minister said on Sunday.</p>


<p>BANGKOK (April 28): Thai Foreign Minister Parnpree Bahiddha-Nukara has abruptly resigned after losing the role of deputy prime minister in a Cabinet reshuffle, local media reported on Sunday.</p>


<p>WASHINGTON (April 27): US&nbsp;President Joe Biden delivered an election-year roast on Saturday night at the annual White House Correspondents' Association dinner, as protesters outside criticised his support for Israel's war against Hamas.</p>


Biden jabs Trump in election-year roast at correspondents' dinner

<p>RIYADH (April 28): Malaysia adopts a balanced foreign policy approach between the West and East and stands clear of any sort of position that is deemed provocative, Prime Minister Datuk Seri Anwar Ibrahim said on Sunday.</p>


<p>LISBON (April 28): Russia's air defence systems destroyed 17 drones launched by Ukraine over its territory, Russia's defence ministry said on Sunday, with a regional official saying the attack targeted an oil storage facility in the Kaluga region.</p>


<p>BEIRUT (April 28): France's foreign minister will push proposals to prevent further escalation and a potential war between Israel and Iran-backed Hezbollah during a visit to Lebanon on Sunday, as Paris seeks to refine a roadmap that both sides could accept to ease tensions.</p>
