[%JpEY%] 
Research by Kenanga 
MARKET PERFORM – TP RM 3.00

" Bags RM561m Industrial Building Jobs”

IJM has secured two contracts to build namely: (i) two data centres (DC) in Gelang Patah, Johor, and (ii) an industrial manufacturing facility in Batu Kawan, Penang, worth RM561m in total. This brings its YTD job wins to RM1.86b with an outstanding order book to RM7.9b. As this is within our expectation, we keep our forecasts, TP of RM3.00 and MARKET PERFORM rating.

Analyst:
Teh Kian Yeong 
 [%Xthb%]

$KLSE-IJM 
Research by Kenanga 
MARKET PERFORM – TP RM 3.00

" Bags RM561m Industrial Building Jobs”

IJM has secured two contracts to build namely: (i) two data centres (DC) in Gelang Patah, Johor, and (ii) an industrial manufacturing facility in Batu Kawan, Penang, worth RM561m in total. This brings its YTD job wins to RM1.86b with an outstanding order book to RM7.9b. As this is within our expectation, we keep our forecasts, TP of RM3.00 and MARKET PERFORM rating.

Analyst:
Teh Kian Yeong 
 tehky@kenanga.com.my