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Research by RHB
BUY– TP RM4.34

" On a Roll For Industrial Jobs; Stay BUY”

IJM Corp announced that it secured two contracts worth MYR561m.The first one is for constructing two data centre (DC) buildings for an international DC developer in Gelang Patah, Johor worth MYR254m (effective 50% share in JV with Woh Hup Malaysia). The second: An E&E warehousing and manufacturing facility of a US-based company in Batu Kawan, Penang for MYR307m. The latest wins are a testament the group’s ability in building industrial infrastructure. 

Analyst:
Adam Bin Mohamed Rahim
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$KLSE-IJM
Research by RHB
BUY– TP RM4.34

" On a Roll For Industrial Jobs; Stay BUY”

IJM Corp announced that it secured two contracts worth MYR561m.The first one is for constructing two data centre (DC) buildings for an international DC developer in Gelang Patah, Johor worth MYR254m (effective 50% share in JV with Woh Hup Malaysia). The second: An E&E warehousing and manufacturing facility of a US-based company in Batu Kawan, Penang for MYR307m. The latest wins are a testament the group’s ability in building industrial infrastructure. 

Analyst:
Adam Bin Mohamed Rahim
adam.mohamed.rahim@rhbgroup.com