Bursa Malaysia Stock Watch
IJM - TA Securities cuts IJM to 'sell'
kltrader
Publish date: Tue, 19 Oct 2010, 12:07 PM
kltrader
0 20,639
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Stock Name: IJM
Company Name: IJM CORPORATION BHD
Research House: TA
TA Securities has lowered its stock rating on IJM to "sell" with a target price of RM5.51.
"We believe that management's RM2 billion new orderbook target in this financial year is not farfetched," said TA.
The research firm noted that IJM's management hinted that for FY11, bottomline would be flat, if not slightly weak.
"However, most of the legacy projects, except the Municipal Corporation of Delhi building in New Delhi, India (expected to be completed by December 2010) have been completed.
"In addition, management also guided that work progress for the BESRAYA extension would somewhat be slow due to certain clauses in the contract that needs to be ironed out.," said TA Securities.
Company Name: IJM CORPORATION BHD
Research House: TA
TA Securities has lowered its stock rating on IJM to "sell" with a target price of RM5.51.
"We believe that management's RM2 billion new orderbook target in this financial year is not farfetched," said TA.
The research firm noted that IJM's management hinted that for FY11, bottomline would be flat, if not slightly weak.
"However, most of the legacy projects, except the Municipal Corporation of Delhi building in New Delhi, India (expected to be completed by December 2010) have been completed.
"In addition, management also guided that work progress for the BESRAYA extension would somewhat be slow due to certain clauses in the contract that needs to be ironed out.," said TA Securities.
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
3
save malaysia!
4
5
7
8
AmInvest Research Reports
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
