IJM Corp Bhd has secured two contracts in Sarawak valued at RM246.7 million.
It said on Wednesday, April 14 its unit IJM Construction Sdn Bhd had received two letters of acceptance of tender for the Sarawak Public Works Department.
The contracts were for two access roads to be build in Kapit, Sarawak. The first package involved earthwork, construction of three minor bridges, culverts, drains and pavement works for 20km of road for RM125.2 million.
The second package involved earthworks, rock excavation, construction of two minor bridges, culverts, drains and pavement works for 10.5km of road for RM121.5 million. Construction period for both packages is 24 months.
I still prefer IJM-WB. It is still come with a discount of around 2-3%, and gearing around 3.6. In fact, IJM-WB is one of the most discount warrant listed on KLSE. With more good news pouring in, IJM-WB should be able to maintain its upward momentum.
GOon
Good luck.
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