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When other counters in the same sector are moving up but this one remains unchanged, it’s a sign to stay cautious and monitor closely. but if you are an investor no problem, just trust your principle ✨✨
As my POV , IJM is currently at a decision point inside a symmetrical triangle. A real reversal only occurs if the price breaks and closes above RM2.60 with strong volume, confirming a higher low pattern. Until then, it’s still a technical consolidation inside a downtrend channel.
Today’s lower selling volume compared to yesterday suggests sellers are losing momentum. If the next candle shows green with rising volume, that could mark the start of a short-term reversal.
but tomorrow closes below 2.40 with higher red volume, breakdown likely
Why IJM Could Outperform — Even Without a Construction Boom
Investors often chase the next “turnaround” story. But what if the real outperformer is one that is already delivering steady, disciplined gains? IJM Corporation Berhad may not grab headlines, yet its post-2022 transformation tells a different story - faster profit growth, stronger cash flow, and sharper capital discipline.
After shedding its plantation arm, IJM refocused on four synergistic engines — Construction, Property, Industry, and Infrastructure — each feeding into the other through vertical integration. This structure is not just efficient; it is strategic.
It gives IJM cost advantages that peers struggle to match, recurring cash from concessions, and a pipeline tilting toward higher-value projects like industrial parks, logistics hubs, and data centres. Peer analysis shows IJM ranking among Malaysia’s best in returns on capital, margins, and cash flow stability — even as its earnings per share lag. That weakness, however, looks fixable.
With better capital allocation and leverage discipline, IJM could move from “good” to top-quartile performance among construction and property conglomerates.
The catch? The stock already trades near intrinsic value. Yet the fundamentals suggest growing strength. For long-term investors, the question isn’t whether IJM can survive a mature market, but whether it can thrive in it.
If the proposed merger succeeds, it may create a larger conglomerate with stronger synergy, but also one that becomes slower and less efficient from a shareholder’s perspective...
IJM’s share may see a slight dip after it denied merger talks with Sunway, as investors lose the excitement of a potential big deal. However, the company remains fundamentally strong, supported by steady construction, infrastructure, and industrial projects. In short, there’s no more “merger boost”, but IJM’s long-term outlook still depends on its ability to secure new contracts and maintain solid performance in its core businesses.