Kerjaya Prospek's margin squeeze will not last, says chairman
Net profit margin for the fourth quarter ended Dec 31, 2023 (4QFY2023) came in at 7.
Net profit margin for the fourth quarter ended Dec 31, 2023 (4QFY2023) came in at 7.
Kerjaya Prospek Development (M) Sdn Bhd, a wholly-owned subsidiary of Kerjaya Prospek Group Bhd, saw its shares in E&O rise by 100 million to 114.
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.
“E&O will be very busy soon!” You can see how Datuk Tee Eng Ho’s eyes light up as he shares about the upcoming launches, openings and improving hotel bookings under Eastern & Oriental Bhd (E&O), which he is newly helming since his increased shareholding in the high-end property development firm this year.
When the chips are generally down but you are not just still standing firm but rising stronger, people can’t help but take notice.
LONDON (Sept 3): Premium property developer and hotelier Eastern and Oriental Bhd (E&O) has officially opened its 54-room serviced apartment hotel in London on Aug 31, 2021, E&O chairman Datuk Tee Eng Ho announced today.
KUALA LUMPUR (May 29): Kerjaya Prospek Property (KPP) plans to acquire land to build serviced apartments.
KUALA LUMPUR (May 12): Property developer Eastern & Oriental Bhd does not plan to merge with any entities in the near term, including with construction player Kerjaya Prospek Group Bhd, according to the majority shareholder of both companies, Datuk Tee Eng Ho.
KUALA LUMPUR (Feb 26): Kerjaya Prospek Group Bhd is targeting to secure an order book of RM1.
Following an offer to buy out GSB Group Bhd eight months ago that fell through, Kerjaya Prospek Group Bhd's largest shareholder, Datuk Tee Eng Ho is now trying for the backdoor listing of privately owned property developer Kerjaya Prospek Property Sdn Bhd (KPP).