Wednesday, 12 Aug 2020 12:45 PM MYTKUALA LUMPUR, Aug 12 — MIDF Amanah Investment Bank Bhd has maintained “buy” a call on IJM Corporation Bhd but revised its target price lower to RM1.63 from RM1.95 previously.
“We estimated that the job will likely contribute RM13.0-17.0 million annually to earnings,” said the investment bank in a statement today. The total contract sum of the project awarded falls within its job replenishment assumption as the management expected to restart work on the Light City Project on August 20, said MIDF.
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