IJM a likely beneficiary of RM55 bil ECRL project packages
This could lead to a potential upside to its current outstanding order book of RM8.7 billion. We believe IJM is one of the earlier beneficiaries of the rail theme in 2017/18.
This could lead to a potential upside to its current outstanding order book of RM8.7 billion. We believe IJM is one of the earlier beneficiaries of the rail theme in 2017/18.
The positive performance was contributed by an improvement in the property development segment and higher land sales.
The property division saw a 53% growth in operating profit to RM130 million, contributed by the sale of non-strategic properties.
Revenue surged 24 times to RM67.24 million from RM2.78 million, thanks mainly to the en-bloc sale of 262 retail lots in Terra Square, a commercial mall fronting its Impression Melaka theatre.
An Umno politician and member of parliament for Kota Tinggi, Johor, the 53-year-old Noor Ehsanuddin is formerly a board director at Felda Investment Corp Sdn Bhd (FIC). He was appointed to FGV’s board in July 2013.
Freezing the development of new shopping malls would further dampen the already slow economy in the country.
"The witnesses involve both Malaysians and foreigners who are abroad."
Going forward, WCT said the engineering and construction division is expected to continue to build on its strong order book after securing about RM2 billion worth of new contracts in FY16
IJM Land Bhd’s De’Bunga Residensi garden homes has scooped the Best Qlassic Achievement Award 2017 in the small residential category at the recent Qlassic Day 2017 awards.
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