February 24, 2011

IJM - IJM Corp lowered to 'hold' at Maybank

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

IJM Corp, a Malaysian construction, property and plantation group, was cut to “hold” from “buy” at Maybank Investment Bank Bhd., after reporting third-quarter earnings that were “below expectations.”

The share price estimate was increased to 6.50 ringgit from 6.40 ringgit, Wong Chew Hann, an analyst at Maybank, said in a report today.

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