PETALING JAYA: The sale of IJM Corp Bhd
’s entire 56.2% stake in subsidiary IJM Plantations Bhd (IJMP) to Kuala Lumpur Kepong Bhd (KLK) may lead to lower volatility in IJM’s earnings due to fluctuating crude palm oil (CPO) prices and foreign exchange gains or losses from IJMP’s foreign-denominated debts.
In a report, Maybank Investment Bank (IB) Research said IJM had identified several strategies in driving future growth, including brownfield expansion of its infrastructure assets to grow its recurring income, new ventures which are complementary to its core businesses, regional expansion and strategic mergers and acquisitions.
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