Posted by HugoUPUPUP > 2 months ago | Report Abuse

Why like that?

Posted by Simple Man > 2 months ago | Report Abuse

fund is pushing TP 3.5

Posted by HugoUPUPUP > 2 months ago | Report Abuse

shot to 3.7 please

Posted by kancs3118 > 2 months ago | Report Abuse

EPF is buying like crazy - something is brewing in the kitchen - gotta do with Penang Mutiara Line? Just a wild guess...

Posted by hw0706 > 2 months ago | Report Abuse

See at rm2.00

Posted by yeinemesis > 2 months ago | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2024/11/18/mrt3-projects-construction-may-only-commence-in-2027/

Posted by yeinemesis > 2 months ago | Report Abuse

https://www.thestar.com.my/aseanplus/aseanplus-news/2024/11/20/high-speed-rail-hsr-decision-still-pending-as-existing-projects-are-a-priority-finance-minister-ii

Posted by KingKKK > 1 month ago | Report Abuse

WINNING BIG: The 10 Best-Performing Stocks in Malaysia YTD - SUNWAY, GAMUDA, UTDPLT, IJMCORP, AIRPORT, CIMB, TENAGA, AMMB, 99SMART, HARTA

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-11-23-story-h474783546-WINNING_BIG_The_10_Best_Performing_Stocks_in_Malaysia_YTD_SUNWAY_GAMUDA_

Posted by hw0706 > 1 month ago | Report Abuse

JRL said the investment will reinforce its capital position, providing a strong financial foundation to support its £1.7 billion order book and strategic pipeline of high-value contracts in the coming years.

The partnership also builds on the successful collaboration between the two companies on the Royal Mint Gardens project in Central London, completed in 2020.

Phase Two of the central London development recently commenced on site with JRL leading construction. The project is targeted for completion in early 2028.

JRL said the investment signifies a strong alignment and strategic fit between JRL and IJM, enabling both companies to expand their footprint in the UK market and leverage their shared expertise to capture “significant growth opportunities”.

Posted by Wixson > 1 month ago | Report Abuse

wow, IJM Land to reward lucky homebuyer with RM2 mil luxury sea view condo

https://www.nst.com.my/business/properties/2024/11/1139242/ijm-land-reward-lucky-homebuyer-rm2-mil-luxury-sea-view-condo

Posted by speakup > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/735312
besok limit down!

Posted by speakup > 1 month ago | Report Abuse

Ijm make UK Great Again
Ijm tak nak rescue Pestech tapi nak rescue UK company?

Posted by kancs3118 > 1 month ago | Report Abuse

All the research houses put IJM TP at RM4 but the price is dropping amidst a rising market.

Posted by kancs3118 > 1 month ago | Report Abuse

Peatexh too dirty...

Posted by Chuang Chee > 1 month ago | Report Abuse

?FAke news ?@@

Posted by hw0706 > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/735312

Posted by hw0706 > 1 month ago | Report Abuse

KUALA LUMPUR (Nov 25): IJM Corporation Bhd (KL:IJM) said it is buying a 50% stake in UK-based construction firm JRL Group Holdings Ltd for £50 million (RM283 million) to expand into the UK and strengthen its core construction capabilities.

In a media release, IJM Corp said the transaction involves its subscription to 50% of the enlarged equity interest in JRL.

The fresh capital injected by IJM Corp will help strengthen JRL’s balance sheet, enhance liquidity for working capital, and support future growth.

JRL racked up more than £80 million in losses in the past two years in what the British firm described as “the most challenging” times in its 27-year history.

IJM Corp in the statement, however, highlighted that JRL returned to profit in 2024, recording revenue of £311 million and a profit before tax of £9 million for the first six months of the financial year.

JRL has a sizeable order book of £1.5 billion, according to IJM Corp, which provides earnings visibility for the next three years and access to a robust pipeline of projects. This, IJM Corp said, will complement the group's outstanding order book of RM6.4 billion.

“Driven by operational improvements, this financial recovery positions JRL as a more resilient and competitive player in the UK construction market,” IJM Corp said.

The Malaysian construction giant also said the investment will bolster its foothold in the UK market via optimising value chain and enhancing project execution. “Through its brands — including main contractor Midgard, concrete specialist J Reddington, McMullen Facades, Ark M&E, and London Tower Crane Hire — JRL’s in-house capabilities align with IJM's ambitions to expand its exposure to the UK construction sector.”

JRL’s proven expertise in rail-adjacent and over-railway developments would also support IJM Land Bhd, a property arm of IJM Corp, in a joint venture (JV) with Network Rail Property, the group noted.

The JV, which focuses on urban regeneration and mixed-use over-railway developments across multiple strategic sites in London, has a combined gross development value (GDV) of over £3 billion.

Who is JRL?
Established in 1996, JRL is a diversified construction group offering integrated solutions across piling, groundworks, concrete frames, architectural design, and mechanical and electrical services.

Since 2021, JRL has also ventured into property development, building a portfolio of seven sites comprising build-to-rent and co-living units, with an estimated GDV of £700 million.

JRL’s construction arm, Midgard, was the main contractor for IJM Land’s maiden UK property development, Royal Mint Gardens Phase 1, completed in 2019.

IJM Corp's group CEO and managing director Datuk Lee Chun Fai said in a separate statement that the group’s investment in JRL marks a strategic step, “strengthening our construction portfolio and leveraging JRL’s technical expertise and market presence in the UK. Together, we aim to unlock new growth opportunities, deliver transformative projects, and create meaningful synergies in a key international market”.

“JRL’s track record with Royal Mint Gardens Phase 1 demonstrates their ability to deliver complex and technically demanding projects. Their expertise complements IJM Land’s ongoing UK projects, enhancing our capability to deliver quality developments that drive long-term growth,” added Lee.

John Reddington, the managing director of JRL, said: “We are excited to align with IJM, a leading construction group from Malaysia. This joint venture strengthens our position, and provides the opportunity to build on our success with projects like Royal Mint Gardens Phase 1, while advancing our pipeline of developments in the UK.”

Shares of IJM Corp closed four sen or 1.3% lower at RM3.01 on Monday, giving the group a market capitalisation of RM10.98 billion. Year to date, the stock has risen 60.1%.

Posted by 8u29song > 1 month ago | Report Abuse

not construction turn yet...now techs back again first....

Posted by Wixson > 1 month ago | Report Abuse

wow, so many analysts buy call. Kenanga is more plausible

Posted by Riaz1954 > 1 month ago | Report Abuse

UK acquisition can be problematical. Investing in mature markets is always tricky many have suffered. How come no local constructor has bought the company. What was the terms of acquisition! How come analysts don’t question this. Also there are labour issues, which is not easy to resolve.

Posted by 8u29song > 1 month ago | Report Abuse

techs, techs, always techs.....

Posted by Tenka226 > 1 month ago | Report Abuse

Will IJM become the next Gamuda ? 😃

Posted by vespa > 1 month ago | Report Abuse

Gamuda has top quality mgmt and am afraid IJM has let that slip over the last two decades. Gamuda’s Mcap is over 2x IJMs.

Posted by Tenka226 > 3 weeks ago | Report Abuse

No worriers, they are abang adik. IJM will headhunt some talented people from Gamuda 😁

Posted by vespa > 3 weeks ago | Report Abuse

👌

Posted by Tenka226 > 2 weeks ago | Report Abuse

Both Gamuda and IJM rise today. Seems like Johor-Singapore special economic zone deal is going smoothly today

Posted by Pinky > 1 week ago | Report Abuse

Data centre theme is dead

Posted by Tenka226 > 1 week ago | Report Abuse

Not dead, just disrupted by Biden's actions before leaving office

Posted by HugoUPUPUP > 4 days ago | Report Abuse

So scary😱

Posted by 8u29song > 4 days ago | Report Abuse

very goooood...cheap cheap now I collect 260.., but sorry..

Posted by 8u29song > 4 days ago | Report Abuse

I say....rugi liao...

Posted by Skywalker00 > 4 days ago | Report Abuse

Yes.. Chinese Data Center theme is dead ,,, next will be Chinese Semiconductor owned companies like Unisem, DNEX Siltera...etc...

Posted by 8u29song > 4 days ago | Report Abuse

yes...good for average

Posted by mf > 4 days ago | Report Abuse

exit

Posted by 8u29song > 4 days ago | Report Abuse

lucky still have Chinese gloves theme...

Posted by 8u29song > 4 days ago | Report Abuse

supermx gogogo

Posted by 8u29song > 4 days ago | Report Abuse

255 dah cukup ke

Posted by 8u29song > 4 days ago | Report Abuse

250 baru masuk

Posted by 8u29song > 4 days ago | Report Abuse

scary....like California fires....so bad

Posted by 8u29song > 4 days ago | Report Abuse

red red fires....runnnnn

Posted by kancs3118 > 4 days ago | Report Abuse

Thank god I cuci tangan at RM3K.06

Posted by mf > 3 days ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

43,153.13

-68.42

0.15%

Nasdaq

NASDAQ Composite

19,338.29

-172.94

0.88%

Posted by hw0706 > 3 days ago | Report Abuse

See ijm at below 2.00

Posted by 8u29song > 3 days ago | Report Abuse

oops....done 250

Posted by 8u29song > 3 days ago | Report Abuse

I no worry...nta 288. div 8

Posted by 8u29song > 3 days ago | Report Abuse

California needs construction, Ukraine 2, Gaza 2...IJM can go Gaza

Posted by 8u29song > 3 days ago | Report Abuse

wooow..

Posted by 8u29song > 3 days ago | Report Abuse

kasi bagus IJM

Posted by 8u29song > 17 hours ago | Report Abuse

ehh...not bad..cny mandarin oren mari ooi...

Posted by 8u29song > 16 hours ago | Report Abuse

wahahaha...itu persaraan beli 300, jual 250....siapa untung...tapa itu wang member2.