KUALA LUMPUR (Jan 22): CIMB IB Research has rated IJM Corporation Bhd an “Add” at RM3.01 with a target price of RM3.73.

In a note Jan 20, the research house said IJM Corp’s excellent track record with MRT 1 and MRT 2 puts it in the running to secure any sub-contract for MRT 3.

“Its strong role in developing Kuantan also makes it a favourite to gain a slice of the ECRL,” it said.