Rerating catalysts on the cards for IJM

TheStar Wed, Jul 17, 2024 12:00am - 2 months View Original


RHB Research said the group is set to soar on many fronts.

PETALING JAYA: Analysts are generally positive about IJM Corp Bhd’s prospects with the group strengthening its presence in industrial projects, improving presence in Sarawak, potentially breaking ground in Indonesia and new highway jobs.

RHB Research, in a report, said the group is set to soar on many fronts. IJM’s outstanding order book stands at RM7.3bil.

In the financial year 2024 (FY24), IJM witnessed an uptrend in its order book, especially after clinching the RM1.1bil job for the customs, immigration, and quarantine complex for the Rapid Transit System Link in Johor in October 2023.

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