IJM Corp
KUALA LUMPUR: MIDF Research has upgraded IJM Corp to Buy from Neutral following the recent weakness in its share price and after the infrastructure company bagged a RM530mil construction job.
“We maintain our TP of RM1.95 (pegging the FY21 book value per share to 0.7 times price-to-book value). Our TP implies +11.11% upside, ” it said on Wednesday.
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