IJM retains Buy, with an unchanged target price of RM3.26
(Calls by analysts tracked by Bloomberg: 15 Buy, 2 Hold, 0 Sell; Consensus target price: RM3.16)
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New Straits Times
2 days ago
- New Straits Times
IJM's construction arm bags RM1.4bil contract to build data centre in Johor
KUALA LUMPUR: IJM Corporation Bhd's subsidiary IJM Construction Sdn Bhd has secured a RM1.4 billion contract for the construction of a large‑scale data centre in Johor Bahru. The fast-track project comprises a six-storey data centre building with integrated office facilities and a refuse and recycling facility. With a gross floor area of about 62,000 square metres, IJM Construction will deliver the full civil and structural works using a pre-cast system, columns, beams and hollow core slabs, supported by steel structures for mechanical and electrical (M&E) plant installations. The building is designed to achieve LEED Gold and GreenRE Platinum certifications, and includes a distinctive green wall façade with integrated irrigation. IJM said the sustainability elements complement advanced construction methods to deliver long-term operational efficiency. The group noted that this is the largest data centre project undertaken by IJM Construction and marks its fourth data centre project in Johor, which is emerging as a strategic hub for hyperscale and enterprise facilities supporting artificial intelligence (AI), cloud computing and digital services in Southeast Asia. This latest data centre win adds RM1.4 billion to IJM Construction's order book, bolstering it from RM7.6 billion as at March 31, 2025 to RM9.2 billion. The pipeline includes multiple data centres, electrical and electronic (E&E) manufacturing facilities, and logistics hubs, sectors driving IJM's growth in high-value industrial and digital infrastructure. The project is scheduled for completion in September 2026, within a 13-month timeline. IJM group chief executive officer and managing director Datuk Lee Chun Fai said the project win demonstrates IJM Construction's ability to deliver complex, high-specification facilities on accelerated schedules. "By applying our core strengths in structural delivery and execution, we are able to meet the demands of today's hyperscale data centre market for speed, quality and scalability. "We are also seeing stronger emphasis on environmental performance, with certifications and green features becoming standard in data centre design. "Our role is to ensure these evolving requirements are met with reliability and precision," he said in statement today. Fai noted that the rapid growth of AI, cloud services, and high-density computing is driving unprecedented investment in Malaysia's digital infrastructure. He added that Johor's position as a key regional node makes projects like this
Barnama
2 days ago
- Barnama
IJM Construction Clinches RM1.4 Bln Johor Data Centre Project
KUALA LUMPUR, Aug 15 (Bernama) -- IJM Construction Sdn Bhd, a wholly owned subsidiary of IJM Corporation Bhd (IJM), has been awarded a RM1.4 billion contract for the construction of a large-scale data centre facility in Johor Bahru. In a statement today, IJM said the project, which is scheduled for completion within 13 months in September 2026, comprises a six-storey data centre building with integrated office facilities, as well as a refuse and recycling facility. 'With a gross floor area of approximately 667,361.8 sq ft, IJM Construction will deliver the full civil and structural works using a pre-cast system, columns, beams and hollow core slabs, supported by steel structures for mechanical and electrical plant installations.
Malay Mail
2 days ago
- Malay Mail
IJM Construction clinches RM1.4 b Johor data centre project
KUALA LUMPUR, Aug 15 — IJM Construction Sdn Bhd, a wholly owned subsidiary of IJM Corporation Bhd (IJM), has been awarded a RM1.4 billion contract for the construction of a large-scale data centre facility in Johor Bahru. In a statement today, IJM said the project, which is scheduled for completion within 13 months in September 2026, comprises a six-storey data centre building with integrated office facilities, as well as a refuse and recycling facility. 'With a gross floor area of approximately 667,361.8 sq ft, IJM Construction will deliver the full civil and structural works using a pre-cast system, columns, beams and hollow core slabs, supported by steel structures for mechanical and electrical plant installations. 'The building is designed to achieve Leadership in Energy and Environmental Design Gold and Green Real Estate Platinum certifications, and includes a distinctive green wall façade with integrated irrigation,' it said. IJM said that these sustainability elements complement advanced construction methods to deliver long-term operational efficiency. Additionally, it said this is the largest data centre project undertaken by the company and marks its fourth data centre project in Johor, which is emerging as a strategic hub for hyperscale and enterprise facilities supporting artificial intelligence, cloud computing and digital services in Southeast Asia. This latest data centre win adds RM1.4 billion to IJM Construction's order book, bolstering it from RM7.6 billion as at March 31, 2025, to RM9.2 billion. 'The pipeline includes multiple data centres, electrical and electronic manufacturing facilities, and logistics hubs, sectors driving IJM's growth in high-value industrial and digital infrastructure,' it added. — Bernama
