The 53-year-old Lee has over three decades of professional experience across several industries, namely property development, construction, manufacturing, food and beverage, hospitality, retail, gaming and leisure, and healthcare and agriculture.
In a recent briefing, Kerjaya Prospek said it would prioritise tendering for contracts valued between RM300 million and RM500 million, which are less competitive, and thus could yield better margins.
The rise in net profit was due to higher interest income of RM1.
In an investment idea note on Thursday (March 23), Rakuten Trade vice president of research Thong Pak Leng said the company has two property development projects with combined gross development value of RM630 million.
Meanwhile, the potential reduction in project cost for the MRT3, from RM50.
“Also, with the reopening of international borders as part of the post-pandemic normalisation, our Swiss-Garden Hotel Melaka and The Shore Hotel & Residences stand to benefit from the influx of foreign visitors, as Malaysia continues to be one of Southeast Asia’s favourite tourist destinations.
The contract involves Phases 2B and 2C of the STP reclamation project in Tanjung Tokong, Penang KUALA LUMPUR (Feb 7): Kerjaya Prospek Group Bhd has accepted another contract for the Seri Tanjung Pinang (STP) development in Penang, this time worth RM398 million, for the construction of coastal protection structure.
The project is expected to commence on March 1, 2023 for 36 months.
Kerjaya Prospek, which has four operating segments of construction, manufacturing, property development and investment, said that for 4QFY2022, the group will continue to monitor and implement appropriate business strategies in a timely manner to address the risk that post Covid-19 challenges, such as weakening of the ringgit and shortage of skilled manpower, may have on the operations and financial performance of the group.
Kerjaya Prospek said the joint venture between its unit Kerjaya Prospek (M) Sdn Bhd (KPM) and Samsung C&T (KL) Sdn Bhd had received a letter of award to build and complete TIEM2 bump/probe/AT factory construction at Taman Perindustrian Batu Berendam, Free Trade Zone, Melaka.
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