Bursa Malaysia Stock Watch

IJM Corporation (Buy): Major wins

kltrader
Publish date: Fri, 27 Jan 2012, 10:22 AM
kltrader
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Upgrade to Buy. Two major pieces of news today - MRT job win and WCE concession win by Kumpulan Europlus - are positive for IJM, in terms of order book enhancement. However, we retain our earnings forecasts and RNAV-based target price pending details. Share price has come off since our last update and at current levels, the stock offers a 14% upside to our target. We upgrade our call to a Buy.


Maybank research (27 January 2012)

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