IJM 2.0 - Data Centre Beneficial Company

 IJM 2.0 - Data Centre Beneficial Company


Previously, I wrote an article about IJM, and the price has risen since the article's release. Those interested may have a look at the link below:

https://potentialstockss.blogspot.com/2025/07/ijm-big-4-contruction-company-in.html

1.  IJM still trades at a discount to sector peers, suggesting room for valuation catch-up.


2. Strong execution across key industrial projects in Shah Alam is putting IJM Corp Bhd in prime position to capitalise on Malaysia's logistics expansion. Both projects are estimated to be 60–80 per cent complete, with full delivery slated for the first half of 2026.  IJM had reached meaningful progress on two warehouses worth RM1.2bil in Shah Alam.


3. Iskandar Puteri Data Centre (IPDC) for Telekom Malaysia Bhd also recently had its topping out ceremony in July, achieving a meaningful point of completion in terms of progress.

4. IJM Construction secures RM1.4 billion fast‑track data centre contract in Johor. This is the largest data centre project undertaken by IJM Construction and marks its fourth data centre project in Johor.

5. According to Maybank Investment Bank, Eco World Development Group and Sime Darby Property are expected to award a total of four major data centre projects—two each—in the next two months, with a combined capacity of around 500MW and a potential total value of up to RM10 billion. IJM is one of the bidders for these projects.

6. Construction sector has not been the main focus in previous budgets, but the 2026 Budget, to be presented in October 2025, will be different. It will serve as a platform for the Prime Minister to set the tone for launching key infrastructure projects ahead of the next general election. Therefore, the narrative will differ from last year's budget presentation, which stated it was not the right time to launch large-scale projects.


Technical Analysis 2.0

EP 2.86-2.91
SP 2.79
RST 3.00

TP 1 3.05
TP 2 3.13
TP 3 3.18
TP 4 3.24

Holding period: 3 months
Importance date: 

a. 10 OCT 2025 (Budget 2026)
b. Pearl Computing award four data centre jobs announcement


a) Potential bullish Bull Flag formation
b) Price above MA20,50 & 200
c) Stochastic %K/%D Turning up from oversold (<20) → suggests early bullish momentum.
d) MACD ready to cross up 

Disclaimer : The above opinion is never intended to be a BUY SELL CALL. The above article purely for education purpose base on observations, chart and data. Thank you.

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