Stock Name: IJM
Company Name: IJM CORPORATION BHD
Research House: AFFIN
IJM Corp announced that Road Builder (M) Bhd, a wholly-owned subsidiary, has accepted the Letter of Award(LOA) for Projek Sambungan Lebuhraya Sungai Besi for a fixed price lump sum of RM600 million.
With the RM600m contract, outstanding order book is now in the region of RM4.2 billion. The issue of the LOA is well within expectations and was in fact, long overdue.
Affin recommends a BUY for IJM at RM5.51.
Company Name: IJM CORPORATION BHD
Research House: AFFIN
IJM Corp announced that Road Builder (M) Bhd, a wholly-owned subsidiary, has accepted the Letter of Award(LOA) for Projek Sambungan Lebuhraya Sungai Besi for a fixed price lump sum of RM600 million.
With the RM600m contract, outstanding order book is now in the region of RM4.2 billion. The issue of the LOA is well within expectations and was in fact, long overdue.
Affin recommends a BUY for IJM at RM5.51.
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