IJM CORPORATION BHD

KLSE (MYR): IJM (3336)

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Last Price

2.86

Today's Change

-0.04 (1.38%)

Day's Change

2.86 - 2.91

Trading Volume

9,386,500

Financial

Show?
Last 10 FY Result
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Revenue 5,841,248 6,155,255 5,918,814 4,572,485 4,408,980 5,622,870 6,605,101 5,655,661 6,026,948 6,065,335 5,128,198 5,448,282 0.92%
PBT 610,666 898,365 964,169 483,028 317,871 779,555 517,765 647,988 629,559 1,010,010 1,155,797 1,019,357 -0.61%
Tax -221,882 -266,067 -298,977 -271,432 567,333 -134,452 -189,579 -207,279 -238,870 -243,206 -274,262 -306,316 -0.26%
NP 388,784 632,298 665,192 211,596 885,204 645,103 328,186 440,709 390,689 766,804 881,535 713,041 -0.76%
-
NP to SH 322,184 567,041 600,278 158,275 794,890 431,678 250,590 418,916 349,809 653,773 793,587 480,944 2.49%
-
Tax Rate 36.33% 29.62% 31.01% 56.19% -178.48% 17.25% 36.61% 31.99% 37.94% 24.08% 23.73% 30.05% -
Total Cost 5,452,464 5,522,957 5,253,622 4,360,889 3,523,776 4,977,767 6,276,915 5,214,952 5,636,259 5,298,531 4,246,663 4,735,241 1.15%
-
Net Worth 10,107,733 10,081,766 10,202,943 9,836,125 10,066,664 10,005,502 9,618,048 9,536,001 9,507,036 9,468,188 9,000,176 8,283,497 2.34%
Dividend
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Div 140,385 280,382 280,493 281,032 752,313 217,510 108,883 145,034 217,718 270,005 357,149 221,089 2.67%
Div Payout % 43.57% 49.45% 46.73% 177.56% 94.64% 50.39% 43.45% 34.62% 62.24% 41.30% 45.00% 45.97% -
Equity
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Net Worth 10,107,733 10,081,766 10,202,943 9,836,125 10,066,664 10,005,502 9,618,048 9,536,001 9,507,036 9,468,188 9,000,176 8,283,497 2.34%
NOSH 3,509,629 3,500,613 3,647,566 3,647,566 3,645,488 3,641,119 3,639,288 3,635,687 3,628,678 3,600,071 3,571,498 1,473,931 10.58%
Ratio Analysis
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
NP Margin 6.66% 10.27% 11.24% 4.63% 20.08% 11.47% 4.97% 7.79% 6.48% 12.64% 17.19% 13.09% -
ROE 3.19% 5.62% 5.88% 1.61% 7.90% 4.31% 2.61% 4.39% 3.68% 6.90% 8.82% 5.81% -
Per Share
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
RPS 166.43 175.83 168.81 130.16 123.07 155.11 181.99 155.98 166.09 168.48 143.59 369.64 -8.33%
EPS 9.18 16.20 17.11 4.49 22.19 11.91 6.91 11.56 9.65 18.16 22.22 32.63 -6.91%
DPS 4.00 8.00 8.00 8.00 21.00 6.00 3.00 4.00 6.00 7.50 10.00 15.00 -6.74%
NAPS 2.88 2.88 2.91 2.80 2.81 2.76 2.65 2.63 2.62 2.63 2.52 5.62 -7.04%
Adjusted Per Share Value based on latest NOSH - 3,509,629
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
RPS 166.86 175.83 169.08 130.62 125.95 160.63 188.68 161.56 172.17 173.26 146.49 155.64 0.92%
EPS 9.20 16.20 17.15 4.52 22.71 12.33 7.16 11.97 9.99 18.68 22.67 13.74 2.49%
DPS 4.01 8.00 8.01 8.03 21.49 6.21 3.11 4.14 6.22 7.71 10.20 6.32 2.66%
NAPS 2.8874 2.88 2.9146 2.8098 2.8757 2.8582 2.7475 2.7241 2.7158 2.7047 2.571 2.3663 2.34%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Date 30/09/24 30/09/24 29/03/24 31/03/23 31/03/22 31/03/21 31/03/20 29/03/19 30/03/18 31/03/17 31/03/16 31/03/15 -
Price 2.93 2.93 2.43 1.60 1.67 1.69 1.59 2.22 2.68 3.40 3.53 7.20 -
P/RPS 1.76 1.67 1.44 1.23 1.36 1.09 0.87 1.42 1.61 2.02 2.46 1.95 -3.30%
P/EPS 31.92 18.09 14.19 35.51 7.53 14.19 23.03 19.21 27.80 18.72 15.89 22.07 -4.78%
EY 3.13 5.53 7.05 2.82 13.29 7.05 4.34 5.20 3.60 5.34 6.29 4.53 5.03%
DY 1.37 2.73 3.29 5.00 12.57 3.55 1.89 1.80 2.24 2.21 2.83 2.08 5.22%
P/NAPS 1.02 1.02 0.84 0.57 0.59 0.61 0.60 0.84 1.02 1.29 1.40 1.28 -4.56%
Price Multiplier on Announcement Date
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Date 27/11/24 27/11/24 29/05/24 29/05/23 27/05/22 27/05/21 26/06/20 29/05/19 30/05/18 25/05/17 26/05/16 26/05/15 -
Price 2.82 2.82 2.54 1.57 1.80 1.71 1.80 2.01 1.84 3.50 3.44 6.97 -
P/RPS 1.69 1.60 1.50 1.21 1.46 1.10 0.99 1.29 1.11 2.08 2.40 1.89 -2.53%
P/EPS 30.72 17.41 14.84 34.85 8.11 14.36 26.07 17.40 19.09 19.27 15.48 21.36 -3.96%
EY 3.26 5.74 6.74 2.87 12.33 6.96 3.84 5.75 5.24 5.19 6.46 4.68 4.13%
DY 1.42 2.84 3.15 5.10 11.67 3.51 1.67 1.99 3.26 2.14 2.91 2.15 4.33%
P/NAPS 0.98 0.98 0.87 0.56 0.64 0.62 0.68 0.76 0.70 1.33 1.37 1.24 -3.85%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
2 people like this. Showing 50 of 2,720 comments

Abram66

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

2024-08-19 22:30

edcheong

Tomorrow very very Huat https://www.nst.com.my/business/corporate/2024/08/1093719/ijm-construction-bags-rm561mil-contracts-johor-penang?#m013p6p900uc101aa8vf

2024-08-19 22:39

troy88

Already said fundamentals so strong no worries..

2024-08-20 09:04

Abram66

better buy on weakness, sell on strength 😁

2024-08-20 21:03

Lorenzo37

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

2024-08-20 22:15

HugoUPUPUP

Why no fund in?

2024-08-21 20:27

Lorenzo37

This video dont work. https://www.youtube.com/watch?v=_b7PImk2nQI https://basketballlegends.club

2024-08-22 00:49

HugoUPUPUP

EPF keep selling?

2024-08-22 20:27

speakup

Epf sell so others got chance buy cheap mah

2024-08-22 21:43

edithcapital

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/

2024-08-23 13:31

Abram66

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

2024-08-23 16:42

B03392

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.

2024-08-24 12:03

Farretwild

No loss for IJM Corp in aborted Pestech deal

https://theedgemalaysia.com/node/723494

2024-08-27 15:07

TJLLl98

https://theedgemalaysia.com/node/724476

spsetia initiated legal action against IJM ceo

2024-08-27 21:33

Invest_888

IJM latest QR earning is disappointed, only 2.48 cent.

2024-08-29 09:49

purple70

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

2024-08-29 13:26

pang72

So many issue for our glc property

2024-08-31 21:04

HugoUPUPUP

Sakitnya,will rebound?

2024-09-06 22:08

faralenz77

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

2024-09-20 22:15

kancs3118

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

2024-09-22 10:26

minichart

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/

2 months ago

HugoUPUPUP

why?

2 months ago

minichart

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)

2 months ago

HugoUPUPUP

EPF don't like this?

2 months ago

kancs3118

Budget 2025 - WCE - Banting to Gelang Patah

2 months ago

8u29song

tarik tali @ 300

2 months ago

kancs3118

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

1 month ago

HugoUPUPUP

Why like that?

1 month ago

Simple Man

fund is pushing TP 3.5

1 month ago

HugoUPUPUP

shot to 3.7 please

1 month ago

kancs3118

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

1 month ago

hw0706

See at rm2.00

1 month ago

yeinemesis

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

1 month ago

yeinemesis

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

1 month ago

KingKKK

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_

3 weeks ago

hw0706

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”.

3 weeks ago

Wixson

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

3 weeks ago

speakup

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

3 weeks ago

speakup

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

3 weeks ago

kancs3118

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

3 weeks ago

kancs3118

Peatexh too dirty...

3 weeks ago

Chuang Chee

?FAke news ?@@

3 weeks ago

hw0706

https://theedgemalaysia.com/node/735312

3 weeks ago

hw0706

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%.

3 weeks ago

8u29song

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

3 weeks ago

Wixson

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

3 weeks ago

Riaz1954

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.

2 weeks ago

8u29song

techs, techs, always techs.....

2 weeks ago

Tenka226

Will IJM become the next Gamuda ? 😃

1 week ago

vespa

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.

1 day ago

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