Posted by Abram66 > 2 weeks ago | Report Abuse

EPF trimmed its stake in construction giant IJM Corp Bhd (KL:IJM), selling 10.13 million shares and reducing its shareholding to 17.31%, or 607.06 million shares, compared with 17.75% three months ago ...

https://theedgemalaysia.com/node/716535

Posted by pang72 > 2 weeks ago | Report Abuse

$3.40, lo

Posted by pang72 > 2 weeks ago | Report Abuse

Nextcstop:$3. 60 Rhb target price..

Posted by pang72 > 2 weeks ago | Report Abuse

Wish everyone good luck in the giant construction company

Posted by pang72 > 2 weeks ago | Report Abuse

The more epf selling, the higher IJM will go..
The day of epf stops selling, IJM will shot up like a rocket..
This is the fact over at epf controlling counter..
If you don't believe, please watch quietly:)

Posted by ratz > 2 weeks ago | Report Abuse

As i hv pointed out weeks ago, the RM3.50 is on course. For now i will enjoy the dividend income

Posted by pang72 > 2 weeks ago | Report Abuse

Thanks Ratz..
I agreed $3.50 is on the way

Posted by pang72 > 2 weeks ago | Report Abuse

IJM is 2nd big construction firm after Gamuda, I guess

Posted by pang72 > 2 weeks ago | Report Abuse

So, the share price must behave like 2nd taiko...

Posted by pang72 > 2 weeks ago | Report Abuse

https://www.orientaldaily.com.my/news/business/2024/07/03/662978?fbclid=IwZXh0bgNhZW0CMTEAAR1NO1bSgx9mbu3IFQSaXr7Sg-bAwdx-3xI6-qD9omAQEwPs8D2wWiK7Oo8_aem_uE7wYu6V93RSZcMHnAxvvw

财经
发布于 2024年07月03日 13时51分 • 最后更新 48分钟前 • 整理：洪荣达
隆新高铁领衔　2070亿潜在工程撑起建筑业
.... AIYO!, SEE... NEWS OUT LIAO...
... FASTER.. FASTER GRAB YOUR VIP SEAT BEFORE TICKETS SOLD OUT...

Posted by pang72 > 2 weeks ago | Report Abuse

艾芬黄氏投行分析员通过最新发布的一份报告，列出了建筑业16个潜在大型基建项目，总值2070亿令吉。

从附表中可见，价值超过100亿令吉的潜在项目计为：隆新高铁（700亿令吉）、捷运环状线（300亿令吉）、西港2.0扩建（130亿令吉）、33个防洪项目（120亿令吉）、泛婆罗洲大道沙巴第1B阶段（160亿令吉）、古晋城市交通系统（110亿令吉）、槟城轻快铁（100亿令吉），以及柔佛轻快铁（100亿令吉）。

Posted by pang72 > 2 weeks ago | Report Abuse

IJM expertise in mega construction job showcase time coming...

Posted by pang72 > 2 weeks ago | Report Abuse

You want to build MRT, highway, data center, semiconductor foundry factory, port, lrt, housing....

Semua boleh sapu under IJM construction wing... Easy job for them

Posted by pang72 > 2 weeks ago | Report Abuse

Yes! I agreed IJM potentially hits $6 like KK mentioned..

Posted by pang72 > 2 weeks ago | Report Abuse

https://mothership.sg/2024/07/high-speed-rail-no-new-proposals/

The three shortlisted consortiums are YTL Construction Sdn Bhd-SIPP Rail Sdn Bhd; Berjaya Rail Sdn Bhd-Keretapi Tanah Melayu Bhd-Malaysian Resources Corp Bhd-IJM Construction Sdn Bhd (BRail-KTMB-MRCB-IJM); and a Chinese consortium led by state-owned China Railway Construction.

Posted by pang72 > 2 weeks ago | Report Abuse

More news out soon

Posted by pang72 > 2 weeks ago | Report Abuse

Project awarded to EPF will not incur any question of cronies issue

Posted by pang72 > 2 weeks ago | Report Abuse

Once IJM consortium awarded HSR project then $6 coming hur...

I believe EPF, Ah 公 able to convince the capability in soft skill to get the project...

Then, IJM construction experts is able to complete the project in time

Posted by pang72 > 2 weeks ago | Report Abuse

ah公 starts sapu from 3.39,3.40,....the sell queue 100lots at 3.41,3.42 quickly remove from system...

Hahaha....

Posted by pang72 > 2 weeks ago | Report Abuse

$3.43 lo

Posted by pang72 > 2 weeks ago | Report Abuse

The most potential HSR consortiums..
1. BJRAIL - GOOD IN LOBBYING/COMMUNICATIONS /MARKETING/FUNDING
2. MRCB/IJM - EXECUTION, CONSTRUCTION OF RAIL
3. KTM - EXPERIENCE IN SERVING/RUNNING THE COMMUTERS.
2.

Posted by pang72 > 2 weeks ago | Report Abuse

70B ringgit HSR is in focus for 2H24..

Posted by pang72 > 2 weeks ago | Report Abuse

Wah!! So, good kah?
So, signal to buy IJM and I benefited too.. Hihi

Posted by troy88 > 2 weeks ago | Report Abuse

Uptrend intact. Should eventually get to RM4+ TP like Suncon

Posted by purple70 > 2 weeks ago | Report Abuse

IJM is more on Data Centre construction play, where their construction know how will help!

Now way HSR will come thru as benefits are little compared to cost involved.Moreover it will only beneft Singa KIASU's!

Posted by Abram66 > 2 weeks ago | Report Abuse

Keep and hold it for 2-3 years

Posted by zzprozaz > 1 week ago |

Post removed.Why?

Posted by Abram66 > 1 week ago | Report Abuse

IJM Land Bhd has signed a memorandum of understanding (MoU) with Progressture Power Sdn Bhd to explore business opportunities in maximising the deployment of a total capacity of 40-megawatt peak (MWp) solar energy in IJM Land’s future developments.

https://www.freemalaysiatoday.com/category/business/2024/07/09/ijm-land-progressture-power-ink-40-mwp-solar-energy-deal/

Posted by fruitcake > 1 week ago | Report Abuse

HEAVY PROFIT TAKING 😂😂😂

Posted by yeinemesis > 1 week ago | Report Abuse

May be EPF volume disposal triggered profit taking. Possibly want to support petronas dagangan which drop badly especially after diesel subsidy cut 😂

Posted by troy88 > 1 week ago | Report Abuse

No worries with some profit taking going on. It will catch up later. Fundamentals still strong and looking bright

Posted by fruitcake > 1 week ago | Report Abuse

very volatile. will engine stop for good this time?

Posted by CalvinHans > 1 week ago | Report Abuse

IJM is flying... with many infrastructure works yet to be awarded and current Data Centers blizzz... Property and Construction Sectors got more room to climb!

Posted by ratz > 1 week ago | Report Abuse

Indexing. Foreign investors are picking index stocks up as the Ringgit will further strengthen. IJM is undervalued and offer so much upside. I will keep even though its has exceeded my target. I’m rerating IJM to super overweight with little downside for now. At country level, JP Morgan & Forbes upgrading of Malaysia is just stunning as the Govt reform measures are now bearing fruits

Posted by ratz > 1 week ago | Report Abuse

Ignore the political noise & follow the data. Those who too political often loose & miss the opportunity

Posted by troy88 > 6 days ago | Report Abuse

Slowly let it catch up to Suncon

Posted by ?? ? > 6 days ago | Report Abuse

RM 3.52 already sell 😂

Posted by troy88 > 6 days ago | Report Abuse

RHB TP 4.34 should be easily achieved with such good fundamentals..

Posted by ChloeTai > 6 days ago | Report Abuse

CGSI reiterate ADD to IJM with a Higher TP of RM4.40

IJM Corp Bhd More DC wins; Kuantan Port in a Sweet Spot
■ More data centre wins could follow; it is bidding for TM-Singtel DC in Johor.
■ We raise earnings and DCF forecasts for Kuantan Port, as it could benefit from ECRL completion at end-2026.
■ Reiterate Add with a higher TP of RM4.40.

Data centre projects to feature more; bidding for TM-Singtel DC In our view, IJM’s maiden RM332m data centre (DC) contract win from TM in Johor may be a precursor for more jobs in this space. It is planning to bid for TM and Singtel’s larger hyper-connected AI-ready DC campus in Johor with an initial capacity of 64MW (potentially up to 200MW). Assuming conservative costs of RM30m/MW, we estimate this could amount to RM1.9bn in project value. Our channel checks indicate that the tender will be called this year. The advantage IJM has over Gamuda and Suncon for data centres now is additional capacity given this is its first win. Its track record in building projects is also second to none while its IBS plant in Bestari Jaya and synergistic spun piles are added positives, in our view. In FY3/24, 25% of its industry division’s spun piles were supplied to data centres, industrial warehouses and semiconductor factories. YTD wins stand at RM1.3bn and it is on track to achieve its RM5bn target for FY25F, in our view.

Kuantan Port could benefit from ECRL completion Long-term prospects for Kuantan Port look promising with increased investments into Malaysia China Kuantan Industrial Park (MCKIP) which will benefit from better connectivity once the ECRL is completed in end-26 (Fig 8, 9, 10). Throughput is anchored by Alliance Steel, which plans to raise capacity from 3.5m tonnes p.a. to 10m tonnes p.a. Kuantan Port made RM150m in pretax profit in FY24 (+343% yoy), lifted by a 15% increase in throughput to 26.2m FWT and a tariff hike in Apr 2023. Our revised DCF value for Kuantan Port is RM1.1bn (IJM 60% stake, WACC 8%, average throughput growth of 4% until 2045F). The concession period may be extended for a further 30 years beyond 2045 if it fulfils Phase 2 development of the New Deep Water Terminal by Dec 2039. IJM is mulling whether to proceed with a container port or remain as a bulk port. It also has 1,080 acres of industrial land in MCKIP where 640 acres is earmarked for a mixed development and logistics hub.

Reiterate ADD with higher TP of RM4.40. We raise our FY25F/FY26F/FY27F EPS by 14%/8%/7% (see key changes in this note). We retain Add and raise our TP to RM4.40 assigning a higher target P/E for construction and manufacturing of 21x (vs, 16x), mean since 2005, while we raise our DCF value for Kuantan Port. The re-rating over the past year has been driven by earnings upgrades (Fig 3 – Bloomberg consensus has raised FY25F EPS by 20% over a one-year period but we believe they remain low). We think a re-rating is imminent as its construction and synergistic spun piles business should put it in good stead to clinch more data centres. Also its new wins of RM3.7bn in FY24 reached the S-Curve for meaningful recognition. Our revised TP of RM4.40 translates into 23x CY25F P/E, a tad above 21x mean P/E since 2015. Key catalysts are faster award of projects and higher property sales.

Posted by ChloeTai > 6 days ago | Report Abuse

https://rfs.cgsi.com/api/download?file=cb5956da-573b-4e01-bf14-1be363ffbab3

Posted by ChloeTai > 6 days ago | Report Abuse

IJM - Confident of FY2025

https://klse.i3investor.com/web/cube/blog/blpostdet/Chloe_Tai_Blog/2024-07-16%2010:12

The Group’s Construction division will be focusing on the timely execution and completion of its strong order book in hand of RM6.0 billion, of which RM3.7 billion was secured in FY2024. The projects secured in FY2024 include Shah Alam International Logistic Hub, Johor Bahru-Singapore Rapid Transit System Link Project Package 2A & 2B, East Coast Rail Link Kuantan Port Spurline, an ancillary building for an E&E factory in Kulim and Kuching Urban Transportation System Rembus Depot. Based on the above, the Construction division is expected to register a better performance for FY2025. The property market is expected to remain resilient on the back of a positive economic outlook and consumer sentiment. With its unbilled sales of about RM2.6 billion and a wide array of new property launches lined up in FY2025, the Property division is expected to continue to deliver a strong performance for the new financial year 2025.

With its strong orders in hand and the outlook of new projects being rolled out by both the private and government sectors, the Industry division is expected to maintain a strong performance for FY2025. The Toll division is expected to maintain its performance for FY2025 as its mature highways continue to provide the Group with a strong recurrent revenue and cashflow stream whilst the newer highways are undergoing the gestation period before achieving maturity. The performance of the Port operations is expected to be positive on the back of an expected improvement in bulk cargo volume such as bauxite and silica sand. However, the completion of the equipment upgrade in Kemaman Port may potentially divert some cargo from Kuantan Port. Premised on the above, the Group is expecting to deliver a better performance for FY2025.

Posted by ChloeTai > 6 days ago | Report Abuse

https://www.dagangnews.com/article/rhb-investment-naikkan-harga-sasaran-ijm-corp-kepada-rm434-kemungkinan-raih-kerja-pembinaan-lebuh-raya-baharu-38957

Posted by troy88 > 5 days ago | Report Abuse

Just be patient and watch it catch up with Suncon..

Posted by Abram66 > 5 days ago | Report Abuse

Like Mahsing catch up with Sp setia and then surpass it

Posted by mf > 4 days ago | Report Abuse

2024-07-17

Insider

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 1,000,000 shares on 16-Jul-2024.

2024-07-17

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 4,244,200 shares on 12-Jul-2024.

2024-07-17

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,075,400 shares on 12-Jul-2024.

2024-07-17

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 27,000 shares on 12-Jul-2024.

Posted by enning22 > 3 days ago | Report Abuse

IJM Land’s Nova landed homes in Seremban 2 garners 70% take-up
https://theedgemalaysia.com/node/719526

Posted by Abram66 > 1 day ago | Report Abuse

Revenue may exceed RM2 billion 😉

Posted by mf > 6 hours ago | Report Abuse

3336 IJM, IJM CORPORATION BHD - +
Changes in Sub. S-hldr s Int (Section 138 of CA 2016)
19 Jul 2024, 07:00
Particular of Substantial Shareholder
Name AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA
Address Level 91, Menara Merdeka 118, Presint Merdeka 118 50118 Kuala Lumpur
Wilayah Persekutuan Malaysia
NRIC/Passport No/Company No 200701008892 (7668
Nationality/Country of Incorporation Malaysia
Descriptions (Class & Nominal Value) Ordinary Shares
Name & Address of Registered Holder You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com

Change Detail
Change Date 17 Jul 2024
Change Reason
Transaction of Securities

Nature of Interest 206255200

Transaction Detail
Transaction Type Date of Change No of Securities Price Transacted (RM)
Disposed 17 Jul 2024 7,341,800 0.000

No of Securities after Change
Direct Interest (units) 206,255,200
Direct Interest (%) 5.883
Total Share after Change 206,255,200

Remarks You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
N202407193600095EN

Posted by speakup > 6 hours ago | Report Abuse

all in! sai lang time!
ini kalilahhhhhhhh!!!!
BFM: BET FOR MALAYSIA!

Posted by troy88 > 3 hours ago | Report Abuse

Suncon TP upgraded by IBs to RM6+. IJM TP 5+ no problem lah