The rumour is spreading like bush fire!! But it is a good idea to let IJM Corp on top 30 list. Gamuda just joined top 30 last 2 months. Gamuda shares starts moving lately after coma for many months. See the effect!

Not to worry to much, IJM LAND indeed is a very good shares to buy. A company. Directors is accumulating shares.

longkang again this share. As good as dead-cow.

If longkang a few more times, then i will buy buy buy

already on the board.

something brewing

I bought since last week after the epic crash ... tmrw will be crucial .. if can break RM 3 anything is possible

In before the comeback

IJM Land moves on despite merger failure
By ANGIE NG
angie@thestar.com.my

PETALING JAYA: It is business as usual at IJM Land Bhd after a proposed merger between the company and Malaysian Resources Corp Bhd (MRCB) fell through due to their failure to reach an agreement on the definitive terms and conditions of the plan.

IJM Land managing director Datuk Soam Heng Choon said the developer had a lot on its plate, including about 30 existing projects and a number of new developments in the pipeline.

“For financial year 2012, we will be kept busy with RM1.5bil worth of project launches, including two greenfield developments in the Klang Valley and Johor,” Soam told StarBizWeek.

With a land bank of about 5,000 acres, which has a total gross development value (GDV) of some RM18bil, there are good values in IJM Land's assets.

The company launched RM1.3bil worth of projects in the first nine months of the current financial year ending March 31, 2011 (FY2011). Sales for the first six months ended Sept 30, 2010 amounted to RM700mil and analysts said the company was on track to achieve total sales of RM1.4bil for FY2011.

IJM Land turned in record sales of RM1.25bil in FY2010.

For FY2012, its new project portfolio will comprise the 2,000-acre Canal City in Selangor and the 1,188-acre Sebana Cove in Kota Tinggi, Johor. Soam said the Canal City was earmarked for launch in the second half of 2012. The massive township will have a GDV of RM6bil and will take 10 to 15 years to complete.

Located directly behind the mature Kota Kemuning township, the Canal City will turn IJM Land into one of the leading township developers in the Klang Valley. The company is now sorting out some land and project planning matters with the Selangor Government.

An earlier agreement with the previous state government involved a flood-mitigation project in the form of an 18km canal linking Sungai Klang and Sungai Langat. In return, the company will be awarded the land for development.

However, the new state government has decided that there was no need for the flood mitigation project. Therefore, in August last year, IJM Land signed a termination agreement for the canal privatisation project.

As for Sebana Cove, Soam said planning was in progress to develop the 1,188-acre land into an upmarket eco-friendly and health-cum-lifestyle themed residential and marina resort development. The 10-year project is expected to be launched later this year.

Soam said IJM Land also planned to launch its maiden 7-acre project in Vietnam in March or April.

The development comprising four blocks of high-rise residential apartments as well as retail and commercial properties is in Nhon Trach city centre in Dong Nai province.

In China, IJM Land plans to undertake a RM500mil upmarket residential and retail development in Changchun, the capital city of Jilin province in the northeast of China.

Locally, the company is busy with its flagship waterfront development, The Light, featuring residential, entertainment, business and hospitality facilities in Penang. With a GDV of close to RM6bil, the 152-acre mixed residential and commercial development is the largest (in terms of development value) in IJM Land's portfolio. It will take 12 to 15 years to complete.

Under The Light Collection III, new launches will comprise condominiums and water villas priced from RM1,252 per sq ft.

IJM Land also has new project launches in Shah Alam, Seremban, Malacca, Kota Kinabalu, Sandakan and Kuching.

http://biz.thestar.com.my/news/story.asp?f...32&sec=business

Soon it will be IJMLand's turn to shine. TP3.88 unchanged.

I'm holding a little post-merger failure crash.

IJM Land’s big plans for 2011

PETALING JAYA: The ending of the proposed merger between IJM Land Bhd and Malaysian Resources Corp Bhd (MRCB) has come as a disappointment for the former’s shareholders.

URL: http://www.theedgemalaysia.com/highlights/...s-for-2011.html

It will be back soon.

CIMB Research has technical Sell on IJM Land

KUALA LUMPUR: CIMB Equities Research has a technical Sell call on IJM Land Bhd at RM2.75 at which it is trading at a price-to-book value of 1.7 times.

It said on Wednesday, July 13 the recent countertrend rebound may have exhausted. Prices hit a high of RM2.92 on June 20 but the bears have taken over since then.

URL: http://www.theedgemalaysia.com/business/18...n-ijm-land.html

Was suspended together with its parent, IJM for material announcement
Hope IJM offer gud price for IJMLand if privatization takes place

Maybe they offer IJM share for IJM Land current shareholders?

IJM Corp Bhd is mulling over privatising its 64.16 per cent-owned IJM Land Bhd. The move is part of its initiatives to explore long-term strategies to enhance shareholders’ value. “We further advise that the company is contemplating and will continue to evaluate corporate proposals, including the possible privatisation of IJM Land,” it said.

A bit unusual as (a) IJM deny privatization n (b) Both IJM n IJMLand request suspension for wat?

IJM offer RM3.55 to privatize IJMLand via 0.5 shares of IJM (value @ 6.70) plus RM0.20 cash

I will sell tomorow... Wat is d use of exchange share to ijm with px of 6.70???!! Not much capital apreciation with this kind of px...

I rather prefer to get all cash