Date of Report

24 October 2024

Broker

UOB Kay Hian

Company Overview

Pixel Valley Sdn Bhd (PVSB) is a subsidiary involved in construction projects, specifically focused on development works that contribute to the expansion of urban infrastructure.

Recent Contract Award

Pixel Valley Sdn Bhd has been awarded a significant contract by Kerjaya Prospek Group. The details of the contract include:

• Project Scope: Involves piling and pile cap works for a proposed development.
• Contract Value: RM16.0 million.

Financial Impact

The contract secured by PVSB is expected to contribute approximately RM3.0 million to RM4.0 million over the next 18 months, reflecting the company’s capability to handle substantial construction tasks and its strategic importance within Kerjaya Prospek Group’s operational framework.

Strategic Role

As part of Kerjaya Prospek Group, PVSB plays a crucial role in the group’s overall construction strategy, enhancing its project portfolio and supporting the growth trajectory of the company through new development opportunities.

Conclusion

Pixel Valley Sdn Bhd’s recent contract win underscores its active involvement in the construction sector and its partnership with Kerjaya Prospek Group, positioning it as a key player in Malaysia’s infrastructure development landscape.