KUALA LUMPUR:'' IJM CORPORATION BHD []'s share advanced on Monday, Dec 20 and rose to its highest level since Feb 15, 2007 after it won a RM461 million contract for Phase 3 of the Platinum Park development by Naza TTDI.
At 11.48am, IJM was up 18 sen to RM6.45 with 1.48 million shares done.
OSK Research raised its target price for IJM Corp to RM6.60 (from RM6.31 previously) and said IJM Corp's'' job wins so far into FY11, totaling RM1.84 billion, had beaten its RM1.5 billion target.
'Potential jobs in the pipeline include high-rise buildings in KL, Kelau Dam, West Coast Expressway and LRT packages.
'We keep our FY11 earnings unchanged but raise the numbers for FY12-13 by 1%-6%. Maintain Neutral call on IJM given the limited 5.2% upside,' it said
At 11.48am, IJM was up 18 sen to RM6.45 with 1.48 million shares done.
OSK Research raised its target price for IJM Corp to RM6.60 (from RM6.31 previously) and said IJM Corp's'' job wins so far into FY11, totaling RM1.84 billion, had beaten its RM1.5 billion target.
'Potential jobs in the pipeline include high-rise buildings in KL, Kelau Dam, West Coast Expressway and LRT packages.
'We keep our FY11 earnings unchanged but raise the numbers for FY12-13 by 1%-6%. Maintain Neutral call on IJM given the limited 5.2% upside,' it said
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