Rollout of infrastructure projects to benefit IJM

MIDF Research said the group has an outstanding order book of RM4.9bil, with earnings visibility over the next few years.

PETALING JAYA: Analysts are optimistic about the outlook for IJM Corp Bhd with expectations of heavier construction job flows and stronger quarters ahead, driven by the rollout of public infrastructure projects.

According to MIDF Research, IJM Corp’s core net profit for the first quarter ended June 30, for the financial year 2024 (1Q24), has more than doubled to RM66.9mil.