IJM Corp’s 9M core net profit below forecast

The research house said on Wednesday IJM’s 9MFY20 core net profit made up 54% to 57% of its and Bloomberg consensus full-year forecasts.

KUALA LUMPUR: Infrastructure-property group IJM Corp’s earnings for the nine months ended Dec 31,2019 were below CGS-CIMB Equities Research forecast and it maintained its Hold call with a lower target price of RM2.10.

The research house said on Wednesday IJM’s 9MFY20 core net profit made up 54% to 57% of its and Bloomberg consensus full-year forecasts.