Over the near-to-medium term, IJM will continue to aggressively pare down its property inventory and sell low-yielding assets; in FY21, it sold ICP Jiangmen and some industry assets for RM120mil, and RM610mil of completed property inventory.
KUALA LUMPUR: Maybank Investment Bank Research is maintaining its earnings forecast for IJM Corp for now and its realised net asset value (RNAV) target price of RM2.18.
It said on Thursday, amid the pandemic disruption, IJM remains focused on building resilience and growth and nurturing its capabilities for the longer term, the latter with digital transformation, sustainability, risk management, and people competencies as the anchors.
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