News by JF Apex Securities

Gadang eyes securing more contracts from the revival of the East Coast Rail Link (ECRL) and Bandar Malaysia Projects.

Construction works are underpinned by a RM1.5 billion outstanding order book.

The group targets to launch a few projects totalling RM826 million GDV in FY19.

JF Apex Securities Research maintains "buy" on Ikhmas Jaya.

The land is planned for a mixed development comprising residential and commercial properties.

The group can now start talking to interested parties, given the approval for the land usage of the ZIC.

Construction works are underpinned by an RM1.98 billion outstanding order book.

Year to date, the group has successfully secured contracts worth a total value of RM369.3 million, accounting for 92.3% of our RM400 million estimated target order book replenishment for the financial year ending Dec 31, 2017 (FY17).

The group has received a Letter of Award for a total contract value of RM188.6 million from BBCC Development Sdn Bhd for a construction project where the Pudu Prison was previously located.

Ikhmas Jaya Group Bhd has announced that it on Tuesday agreed and accepted the terms and conditions of a letter of award from Pelaburan Hartanah Bhd to carry out site clearance, earthworks, piling (bore) and pile cap works for a shopping complex in Terengganu worth RM62.4 million.