Data centres to lead IJM growth surge in FY26

CIMB Research noted that as of March 31 this year, IJM’s order book stood at a healthy RM6.6bil.

PETALING JAYA: With several data centre projects in the pipeline, next year could be a turning point for IJM Corp Bhd as it steps up its presence in the high-demand sector, says CIMB Research.

The research house raised its new-job win forecasts for IJM for its financial year ending March 31, 2026 (FY26) and FY27 by 22% to 33% or about RM6bil per year as the group focuses on delivering one or two major data centre bids worth RM1bil to RM2bil each.