CIMB Research maintains Outperform on IJM Corp, TP RM6.43

  • Business Premium
  • Wednesday, 28 Aug 2013

KUALA LUMPUR: CIMB Equities Research maintains its Outperform recommendation on IJM Corp Bhd but lowered the target price from RM6.80 to RM6.43.

It said on Wednesday the infrastructure-property group’s annualised core net profit for first quarter ended June 30, 2013 was at 80% of its and consensus full-year numbers, in line as 1Q is usually the weakest period.

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