Highlights of the day
§ IJM Corp (Quick Bits): IJM's first win for CY12 (Maintain BUY, TP: RM7.02) [download report]
The Business Times reported that IJM Corp was appointed as the main contractor for the elevated V5 package from Taman Maluri to Plaza Phoenix station of Sungai Buloh – Kajang Mass Rapid Transit (MRT) project worth RM974.0m. This, together with the imminent award of the c.RM7.1bn West Coast Expressway (IJM’s effective share at c.RM4bn) in 2QCY12, is expected to double its outstanding orderbook to RM8.8bn. Maintain BUY.
Other reports
§ Newz Bits [download report]
Other Malaysian news
§ IJM Corp, Ahmad Zaki Resources: Win RM1.74bn MRT jobs
§ Kumpulan Europlus: To build RM7bn West Coast Highway
§ AirAsia: Acts on fare disclosure
§ AirAsia: Plans aircraft transfer to associates
§ MAHB: Eyes opportunities in China , Indonesia
§ Lafarge: Shares change hands in internal restructuring
§ MAS: Exploring JV with Qantas to set up a KL-based premium airline
§ QSR, KFC: Set to call for EGM
§ Alam Maritim: Bags RM115m engineering job
§ Automotive: Tighter financing
§ Consumer: Malaysia
§ Telecommunications: U Mobile inks deal with Ericsson
Global news
§ US: First-time jobless claims increase, displaying seasonal volatility
§ US: Durable goods data points to economic momentum
§ US: Sales of new homes unexpectedly decline in December
§ US
§ Singapore
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