IJM CORPORATION BHD
KLSE (MYR): IJM (3336)
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Last Price
3.54
Today's Change
+0.06 (1.72%)
Day's Change
3.43 - 3.55
Trading Volume
22,951,100
Corporate Figure or Shareholder
| Name | Role |
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Discussions
2 people like this. Showing 50 of 2,649 comments
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
3 weeks ago
ah公 starts sapu from 3.39,3.40,....the sell queue 100lots at 3.41,3.42 quickly remove from system...
Hahaha....
3 weeks ago
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.
3 weeks ago
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!
3 weeks ago
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/
2 weeks ago
May be EPF volume disposal triggered profit taking. Possibly want to support petronas dagangan which drop badly especially after diesel subsidy cut 😂
2 weeks ago
No worries with some profit taking going on. It will catch up later. Fundamentals still strong and looking bright
2 weeks ago
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!
1 week ago
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
1 week ago
Ignore the political noise & follow the data. Those who too political often loose & miss the opportunity
1 week ago
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.
1 week ago
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.
1 week ago
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.
1 week ago
IJM Land’s Nova landed homes in Seremban 2 garners 70% take-up
https://theedgemalaysia.com/node/719526
1 week ago
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
4 days ago
Construction theme is macam glove theme during pandemic.
Demand exceeds supply. DC's lining up to be constructed.However this theme will last few yrs.Gamuda RM10 is no issue. IJM rm5.
3 days ago
9:45 pm 24.7.24
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2 days ago
morning..
yes manage geab at rm3.48 to rm3.49 for 43 stage..
tut tut
will eat more if down more
1 day ago
Fundamentals intact. Market sentiment disturbed by temporary correction in US market. Will bull again to new heights after US correction.
1 day ago
Gamuda, IJM, Suncon the 3 kings of construction all got very strong fundamentals. Only slight retracement recently due to US correction which is a temporary healthy correction before the next wave of bull run..
16 hours ago
DC stock JCY is a hangat-hangat tahi ayam stock. USA Seagate excellent quarter results only help to jack JCY for one day show. Fortunate enough I convert JCY fast enough to IJM.
13 hours ago
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pang72
Project awarded to EPF will not incur any question of cronies issue
3 weeks ago