Stock Name: IJM
Company Name: IJM CORPORATION BHD
Research House: MAYBANK
KUALA LUMPUR: Maybank Investment Bank Bhd Research has maintained its Hold recommendation on IJM CORPORATION BHD [] at RM6.35 with unchanged target price of RM6.50.
It said the two toll concessions, given the go-ahead by the government last Friday, should positively boost IJM Corporation's CONSTRUCTION [] order book, which stands at approximately RM4.1 billion now.
'We estimate order book could easily double.
''The impact on valuations cannot however be assessed in the absence of further information,' it said in a note Monday, April 4.
Company Name: IJM CORPORATION BHD
Research House: MAYBANK
KUALA LUMPUR: Maybank Investment Bank Bhd Research has maintained its Hold recommendation on IJM CORPORATION BHD [] at RM6.35 with unchanged target price of RM6.50.
It said the two toll concessions, given the go-ahead by the government last Friday, should positively boost IJM Corporation's CONSTRUCTION [] order book, which stands at approximately RM4.1 billion now.
'We estimate order book could easily double.
''The impact on valuations cannot however be assessed in the absence of further information,' it said in a note Monday, April 4.
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