CGS and HLIB maintain bullish outlook on IJM after 'crucial' maiden data centre job win
This, along with a healthy pipeline of diverse projects, reinforces their positive outlooks on IJM.
This, along with a healthy pipeline of diverse projects, reinforces their positive outlooks on IJM.
From better progress billings and project cost savings, capital financing from a growing loan portfolio, and better economies of scale and industries from growing demand for cables and the industrialised building system (IBS).
In a technical tracker note on Friday, the research house, which has a “trading buy” rating on Econpile, said construction activities are poised for sustained growth in 2024, with the Ministry of Finance forecasting a 6.
In a technical tracker on Friday, the research house said that during the construction and property booms, Kimlun’s orderbook typically ranges between RM1.
IGB REIT said revenue for 1QFY2024 rose 5.
In a sector update on Thursday, the research house said contracts again were dominated by the private sector, which saw robust flows, notably from commercial and residential projects, while the data centre (DC) space contributed too.
The funds raised will primarily fuel expansion in the cooling energy segment, aiming to capitalise on ESG principles by reducing carbon emissions through electricity consumption reduction.
In a note on Thursday, the research house said IOI Properties had in recent years embarked on vastly expanding its property investments and hotel assets.
In a note on Thursday (Aug 3), analyst Edwin Woo said rough calculations show that net gearing levels could rise to 0.
It said near-term job flows could be affected by the coming state elections while the highly anticipated the MRT3 project continues to see near-term delays.