MY : IJM Corp Bhd - Disposal and forex gains bumped up FY21

FY3/21 results were above expectations - core net profit grew 1.2% yoy. Mixed performances across all segments but plantations bucked the trend. Reactivation of mega contracts to bode well for large cap contractors. Add retained with higher TP; contract wins (ECRL, PFI, MRT3) are key catalysts.

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