Which IJM Corp fundamentals did RHB say remain strong?

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RHB Investment Bank Bhd Identified Key Strong Fundamentals for IJM Corp

RHB Investment Bank Bhd indicated that IJM Corp’s fundamentals are expected to remain robust, primarily due to its diversified business segments and a substantial domestic order book. The company's exposure spans critical areas such as infrastructure, highways, manufacturing facilities, and the burgeoning data centre sector.
Diverse Business Exposure Underpins Strength

IJM Corp's diversified portfolio is a significant factor in the expectation of strong fundamentals. The company is actively involved in infrastructure projects and highway development, areas that typically require sustained investment and offer long-term returns. Furthermore, its engagement in manufacturing facilities and data centres aligns with current and future industrial demands, positioning the company to benefit from growth in these sectors.
RM6 Billion Domestic Order Book

A key indicator of IJM Corp's strong financial standing is its domestic outstanding order book, which currently stands at RM6 billion. This substantial backlog of work provides a degree of revenue visibility and operational stability for the company. RHB Investment Bank Bhd specifically noted that industrial projects, including electrical and electronics facilities and warehouses, constitute approximately 33 per cent of this order book.
Strategic Position in Industrial Property Market

The composition of IJM Corp's order book places it in a favourable position to leverage the increasing demand for industrial buildings. This is particularly relevant given the positive trend in Malaysia's industrial property market, where an overhang has been declining for four consecutive years between 2021 and 2024, according to data from the National Property Information Centre. This suggests a healthy market dynamic for IJM Corp's industrial construction services.

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Which IJM Corp fundamentals did RHB say remain strong?

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