IJM CORPORATION BHD
KLSE (MYR): IJM (3336)
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Last Price
1.90
Today's Change
0.00 (0.00%)
Day's Change
1.86 - 1.91
Trading Volume
6,216,700
Changes
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Discussions
1 person likes this. Showing 50 of 2,362 comments
guess bad Q results due to failed investment in Scomi and now Pestech. And Ijm sold their gem Ijmplant when CPO was at rock bottom.
1 month ago
KUALA LUMPUR: Pestech International Bhd in a revised schedule of completion for the Kuala Lumpur International Airport aerotrain project had proposed completion of the work by a consortium that includes IJM Corp Bhd and itself on a 50:50 basis.
The proposal had also called for the completion of the project three months earlier than scheduled.
According to sources, the top brass of IJM and Pestech met with the management of Malaysia Airports Holdings Bhd (MAHB) in the first week of August with a proposal on the RM743mil aerotrain project that is due for completion by March 2025.
Under the proposal, it is learnt that Pestech would transfer its 50% interest in its wholly-owned subsidiary Pestech Technology Sdn Bhd to the joint-venture consortium in return for injection of capital and resources into the entity. Following the exercise, IJM would take the lead in managing the aerotrain project to ensure its completion if approved.
“The proposed timeline taking advantage of full closure of the current aerotrain can be completed by December 2024, which is three months earlier than the previous date of completion,” said a source with knowledge of the matter.
Pestech’s managing director Paul Lim when contacted confirmed that they had presented a revised schedule to the MAHB management together with IJM before they received a notice of termination for the project. However, he declined to comment further.
On Aug 16, Pestech received a notice of termination from MAHB for the aerotrain project that was first awarded in late December 2021. MAHB’s said its action was a result of delays of more than 220 days on the project. It has been reported that MAHB is looking at undertaking a restricted tender involving only the previous bidders for the project to take over the work.
4 weeks ago
I guess something is brewing, maybe:
1. Good QR or
2. Interim div/spec div or
3. Monetise asset or
4. Foreign investor buying or
5. Received new project.
This is just my guess.
4 weeks ago
IMO,
1 maybe but unlikely
2 definitely out. Already paid last Q and they paid 2x per year
3. Hopefully
4. Unlikely
5. Possible
4 weeks ago
no wonder up a few days ago. Insiders already know the results.
unfair leh! SC/Bursa sila siasat insider trading!
3 weeks ago
chart already told you something unusual will happen, see how market will react to the result tomorrow, wakaka
3 weeks ago
EPF dump huge at low price then buy back at higher price, what kind of trading logic is that, wakaka
3 weeks ago
https://theedgemalaysia.com/node/679450
Habis! Ijm claim they can get back Pestech project then share price rally. Now no hope how? Ijm back to 1.60?
2 weeks ago
Ijm last time under Krishnan Tan buy many good assets like plantations, port, highways. Now they buy rubbish like Scomi, Pestech
1 week ago
Wow apa sudah jadi? Suddenly naik 10 sen. Trading volume 11 juta lebih. Another good quarter?
1 week ago
Massive dumping by URUSHARTA JAMAAH but still share up. Means Jamaah is bad fund manager
1 day ago
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speakup
Guess bad Q results out soon
1 month ago