‘Buy’ rating kept for IJM despite job cancellation


  • Business
  • Thursday, 11 Jul 2019

PETALING JAYA: The RM1.115bil tunnelling contract for the light rail transit 3 which was terminated by the MRCB-George Kent joint venture forms 14% of IJM Corp Bhd’s outstanding order book, according to a research house’s estimates.

AllianceDBS Research said the cancellation would reduce IJM’s order book to RM6.7bil from RM7.8bil at present.

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