IJM CORPORATION BHD

KLSE (MYR): IJM (3336)

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Last Price

2.98

Today's Change

+0.07 (2.41%)

Day's Change

2.92 - 3.02

Trading Volume

7,401,000


2 people like this.

2,716 comment(s). Last comment by Wixson 11 hours ago

fruitcake

882 posts

Posted by fruitcake > 2024-08-06 11:06 | Report Abuse

everyone ok? win chicken pay cow 😁😂. internal healing now

Abram66

166 posts

Posted by Abram66 > 2024-08-07 15:18 | Report Abuse

Strong wave going up 🌊🌊

Willtolive

609 posts

Posted by Willtolive > 2024-08-19 19:34 | Report Abuse

IJM Corp bags RM561m contracts to build data centres and industrial manufacturing facility
By Justin Lim / theedgemalaysia.com
19 Aug 2024, 07:01 pm

B03392

131 posts

Posted by B03392 > 2024-08-19 20:22 | Report Abuse

Cross fingers tomoro to rise🤞. Will be good quarter 🤞

Abram66

166 posts

Posted by Abram66 > 2024-08-19 22:30 | Report Abuse

Was it a wise choice for IJM to abort deal to buy 44.85% stake in Pestech ?

troy88

3,048 posts

Posted by troy88 > 2024-08-20 09:04 | Report Abuse

Already said fundamentals so strong no worries..

Abram66

166 posts

Posted by Abram66 > 2024-08-20 21:03 | Report Abuse

better buy on weakness, sell on strength 😁

Posted by Lorenzo37 > 2024-08-20 22:15 | Report Abuse

I like this video, it is great https://www.youtube.com/watch?v=_b7PImk2nQI https://basketrandom.net

HugoUPUPUP

113 posts

Posted by HugoUPUPUP > 2024-08-21 20:27 | Report Abuse

Why no fund in?

HugoUPUPUP

113 posts

Posted by HugoUPUPUP > 2024-08-22 20:27 | Report Abuse

EPF keep selling?

speakup

27,074 posts

Posted by speakup > 2024-08-22 21:43 | Report Abuse

Epf sell so others got chance buy cheap mah

Posted by edithcapital > 2024-08-23 13:31 | Report Abuse

Technically forming a higher low, nothing to worry about, just buy more at 3.06-3.09 unless fall below 2.87
https://www.tradingview.com/x/QwDRG0gh/

Abram66

166 posts

Posted by Abram66 > 2024-08-23 16:42 | Report Abuse

Local institutions always sell when foreign funds buy ... funny

B03392

131 posts

Posted by B03392 > 2024-08-24 12:03 | Report Abuse

2 possible reasons…Gear-uP investment platform introduce frm Govt include EPF KWAP PNB etc to invest RM120 billion and dividen payout to contributors year end.

Posted by Farretwild > 2024-08-27 15:07 | Report Abuse

No loss for IJM Corp in aborted Pestech deal

https://theedgemalaysia.com/node/723494

TJLLl98

4 posts

Posted by TJLLl98 > 2024-08-27 21:33 | Report Abuse

https://theedgemalaysia.com/node/724476

spsetia initiated legal action against IJM ceo

Invest_888

1,067 posts

Posted by Invest_888 > 2024-08-29 09:49 | Report Abuse

IJM latest QR earning is disappointed, only 2.48 cent.

purple70

269 posts

Posted by purple70 > 2024-08-29 13:26 | Report Abuse

IJM Land CEO should be relieved of his duties as it looks like the legal action by SP Setia had plunged IJM share price.
They initiated to sue him for wrongful conduct whilst at SP SETIA.

Malaysians expect high integrity conduct of politicians & senior civil servants but seem to be lacklustre in calling for conduct of private sector chieftain!

RESIGN CEO of IJM LAND....another NAJIB fellow

pang72

51,666 posts

Posted by pang72 > 2024-08-31 21:04 | Report Abuse

So many issue for our glc property

HugoUPUPUP

113 posts

Posted by HugoUPUPUP > 2 months ago | Report Abuse

Sakitnya,will rebound?

faralenz77

1,035 posts

Posted by faralenz77 > 2 months ago | Report Abuse

EPF, KWAP are constantly selling and buying. Difficult to move up much.

kancs3118

2,230 posts

Posted by kancs3118 > 2 months ago | Report Abuse

Problem is that this is an EPF company. Made a mistake - should have bought into Subway Construction.

minichart

23 posts

Posted by minichart > 2 months ago | Report Abuse

IJM Corporation Breaks Out of Falling Wedge, Signaling Bullish Momentum: https://www.minichart.com.sg/2024/09/23/ijm-corporation-breaks-out-of-falling-wedge-signaling-bullish-momentum/

HugoUPUPUP

113 posts

Posted by HugoUPUPUP > 1 month ago | Report Abuse

why?

minichart

23 posts

Posted by minichart > 1 month ago | Report Abuse

https://www.minichart.com.sg/2024/10/02/ijm-corporation-faces-short-term-loss-but-retains-long-term-growth-prospects/

Technical Analysis
As of October 2, 2024, IJM Corporation’s stock has seen a decline, falling to RM2.920 from an entry price of RM3.210. This has led to the stock being removed from the actively managed portfolio after it reached the stop-loss level, resulting in a notable short-term loss.

Stock Position

Entry Price: RM3.210
Current Price: RM2.920
Stop Loss: RM2.920
Target Price: RM3.40, RM3.62 (no longer applicable as the position is closed)

HugoUPUPUP

113 posts

Posted by HugoUPUPUP > 1 month ago | Report Abuse

EPF don't like this?

kancs3118

2,230 posts

Posted by kancs3118 > 1 month ago | Report Abuse

Budget 2025 - WCE - Banting to Gelang Patah

8u29song

2,932 posts

Posted by 8u29song > 1 month ago | Report Abuse

tarik tali @ 300

kancs3118

2,230 posts

Posted by kancs3118 > 1 month ago | Report Abuse

Budget 2025 - WCE - Banting to Gelang Patah..
Soon, IJM will have smtg like PLUS highway....spin their highway assets into a trust account

HugoUPUPUP

113 posts

Posted by HugoUPUPUP > 3 weeks ago | Report Abuse

Why like that?

Simple Man

908 posts

Posted by Simple Man > 3 weeks ago | Report Abuse

fund is pushing TP 3.5

HugoUPUPUP

113 posts

Posted by HugoUPUPUP > 3 weeks ago | Report Abuse

shot to 3.7 please

kancs3118

2,230 posts

Posted by kancs3118 > 3 weeks ago | Report Abuse

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

hw0706

837 posts

Posted by hw0706 > 2 weeks ago | Report Abuse

See at rm2.00

KingKKK

466 posts

Posted by KingKKK > 5 days 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_

hw0706

837 posts

Posted by hw0706 > 4 days 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”.

Wixson

37 posts

Posted by Wixson > 4 days 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

speakup

27,074 posts

Posted by speakup > 4 days ago | Report Abuse

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

speakup

27,074 posts

Posted by speakup > 3 days ago | Report Abuse

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

kancs3118

2,230 posts

Posted by kancs3118 > 3 days ago | Report Abuse

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

kancs3118

2,230 posts

Posted by kancs3118 > 3 days ago | Report Abuse

Peatexh too dirty...

Posted by Chuang Chee > 3 days ago | Report Abuse

?FAke news ?@@

hw0706

837 posts

Posted by hw0706 > 3 days 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%.

8u29song

2,932 posts

Posted by 8u29song > 2 days ago | Report Abuse

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

Wixson

37 posts

Posted by Wixson > 11 hours ago | Report Abuse

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

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