October 6, 2010

IJM - IJM downgraded to 'underperform'

Stock Name: IJM
Company Name: IJM CORPORATION BHD
Research House: RHB



IJM Corp, a Malaysian construction and property group, was downgraded to "underperform" from "market perform" at RHB Research Institute Sdn Bhd in light of its recent share-price rally.

Its fair value was maintained at RM5.01, RHB said in a report today. That's below yesterday's closing price of RM5.25. -- Bloomberg


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