“IJM’s earnings should recover gradually this year with higher construction activities due to the absence of lockdowns,”UOB Kayhian Research said.’s earnings are expected to recover gradually this year supported by the full resumption of its businesses and more new job wins from the rollout of infrastructure projects.
“IJM’s earnings should recover gradually this year with higher construction activities due to the absence of lockdowns,” it added. It said IJM’s current outstanding order book, which stood at RM4.26bil, would help support its recovery outlook.
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