PETALING JAYA: IJM Corp Bhd
’s earnings prospects appear healthy, as the conglomerate remains well-positioned to ride the potential wave of infrastructure project rollouts in Malaysia.
With a net cash position estimated at about RM600.5mil, the group’s balance sheet remains strong to take on mega infrastructure projects that may come with private finance initiative or public–private partnership requirements, MIDF Research noted.
“We expect IJM to be among the front-runners for the upcoming Mass Rapid Transit 3 (MRT3) contracts.
...