IJM (3336) - Affin Hwang maintains Buy on IJM Corp
KUALA LUMPUR: Affin Hwang Research has maintained its Buy call on IJM Corp with target price of RM7.57 based on 16 times CY15EEPS.
In a note on Tuesday, the research house said it continued to like IJM Corp for its good management and significant exposure to the construction, property, plantation and infrastructurebusinesses.
"The proposed privatisation should allow the property divisiongreater access to funding at competitive rates to undertake large scale projects," it said.
The research house said the proposed privatisation of IJM Land is expected to be completedin early Apr 15.
"Barring unforeseen circumstances, the proposed privatisation of IJM Land is expected to be completed in Apr 15 with the delisting of IJM Land from the Main Market of Bursa Securities," it noted.
http://www.thestar.com.my
KUALA LUMPUR: Affin Hwang Research has maintained its Buy call on IJM Corp with target price of RM7.57 based on 16 times CY15EEPS.
In a note on Tuesday, the research house said it continued to like IJM Corp for its good management and significant exposure to the construction, property, plantation and infrastructurebusinesses.
"The proposed privatisation should allow the property divisiongreater access to funding at competitive rates to undertake large scale projects," it said.
The research house said the proposed privatisation of IJM Land is expected to be completedin early Apr 15.
"Barring unforeseen circumstances, the proposed privatisation of IJM Land is expected to be completed in Apr 15 with the delisting of IJM Land from the Main Market of Bursa Securities," it noted.
http://www.thestar.com.my
