CGS-CIMB Research said IJM is expected to win RM2.9bil of contracts in the nine months of its financial year 2024.
PETALING JAYA: Construction and engineering group IJM Corp Bhd
is in a good position to leverage its strong balance sheet for more strategic acquisitions despite the downside risk of higher raw material costs.
CGS-CIMB Research said, based on its forecasts, IJM is expected to win RM2.9bil of contracts in the nine months of its financial year 2024 (FY24) versus RM0.5bil-RM1.7bil in FY20-FY23, bringing its order book to RM6.5bil as of September 2023.
