Monday, 22 July 2013

IJM unlocking highway concession value

IJM Corp MD Datuk Teh Kean Ming acknowledged that the stock is undervalued. The group may bundle and list its highway concession assets. For construction, potential new jobs are the RM4bn from West Coast Expressway (WCE) and RM2bn from Kuantan Port extension. IJM is also vying for MRT 2 and is scouting for oil & gas infrastructure projects. He said investoirs should expect slightly higher dividends in FY14 due to disposals of concession assets. (StarBiz)

Source: CIMB Daybreak - 22 July 2013

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