Latest news with #IJM
Boston Globe
2 days ago
- Sport
- Boston Globe
Patriots' Hunter Henry goes long during the offseason to make a difference
His involvement culminated this past March, when he and his wife, Parker, visited Nairobi to get an up-close look at the organization's impact. They spoke with survivors of sexual violence, hosted a soccer match for local leaders, and learned about the systemic issues plaguing the city's police department. Advertisement 'They've been involved from afar with the work and supported it financially, and now they were able to go and sit down and have lunch with survivors of sexual violence and hear the stories first-hand,' said Boston College grad Mark Herzlich, who works full time for IJM after his seven-year NFL career. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up 'You don't have much time in the offseason. When you have your couple of weeks where you're really off and you take one of those weeks to go to a different country — not for vacation purposes but to do service work — that's pretty impressive. It wasn't just a drop in the bucket type thing for them, like, 'Hey, let's just, on a whim, go to Africa.' " Advertisement The conversations with survivors of sexual violence resonated with Henry, who was especially struck by their joy despite difficult circumstances. In one story, a father had to quit his job on a farm because his boss was sexually abusing his daughter. The decision left the family with nowhere to live, no income, and little access to food. 'To see the true joy they had, with everything they had gone through in their life and, honestly, it was a lot of bad stuff,' Henry said. 'Things hadn't gone their way. Life threw a lot at them. And I feel like they were still so happy and so joyful. 'You see the stories and stuff, but to actually meet the people. I mean, they're real. These stories are about real people. We can get comfortable with where we're at in life in a lot of ways, so it definitely tugged a lot on my heart over there, like, what more can I do? What more can I do to help these people?' Parker Henry (right), the wife of Patriots tight end Hunter Henry, plays with a girl during the family's recent trip to Kenya with International Justice Mission. HANDOUT Henry doesn't know the answer to that question just yet. He has some ideas, including returning to Kenya one day, representing IJM during the NFL's annual 'My Cause, My Cleats' initiative, and organizing a local event to raise awareness and additional money. The visit certainly illuminated to him how a seemingly small idea can make a tangible difference. For example, he saw how IJM and residents were able to repurpose a shipping container as a safe haven for victims, allowing them to report crimes as well as receive counseling. The container is split into rooms for waiting, interviewing, and observation — all spaces that the majority of the local police stations do not offer. Advertisement 'Some of the police stations were very underfunded,' Henry said. 'Some of them just met under a tree. There wasn't an actual building. And some of them were just one building, a small building, and everything was done in one building. 'It was pretty cool to see something as simple as a shipping container — that's literally all it was — can be used to make a big impact. It just provided a space for people to come report things and work through what they were going through.' As Henry continues to figure out what more he can do, he'll keep in mind the impact that whatever comes next doesn't necessarily have to be a grand gesture to be meaningful. 'As far as giving your time and giving your money, something so small can go so far over there,' he said. 'You can think, like, 'Whatever, this isn't that big of a deal,' but it is a big deal over there. Little things can go so much farther over there.' Nicole Yang can be reached at
The Star
09-06-2025
- Automotive
- The Star
12,000 expected at highway marathon in Klang Valley
(Back row, from fifth left) Lee, Wan Salwani and Wang with representatives of sponsors for the IJM Allianz Duo Highway Challenge 2025. — LOW BOON TAT/The Star THE IJM Allianz Duo Highway Challenge, touted as Malaysia's only full highway marathon, will return for its seventh edition on Aug 3. The marathon will take place on parts of the New Pantai Expressway (NPE) and Sungai Besi Highway (Besraya). Over 12,000 participants are expected to join the event with four running categories, ranging from 5km to 42km. This year's 'Highway Legend' theme aims to celebrate everyday athletes who train without seeking recognition. Allianz Malaysia chief executive officer Sean Wang, representing the event's co-title sponsor, said the event was gaining more global recognition. 'Our partnership with IJM reflects a shared commitment to health and sustainability, mirroring our global support for the Olympics and Paralympics through 2032. 'The IJM Allianz Duo Highway Challenge has earned two Malaysia Book of Records titles. It is the first full marathon held on a highway and the longest marathon course on a closed highway. 'The 2025 edition has secured certification from World Athletics, an international governing body for athletics. 'It is also recognised by the Association of International Marathons and Distance Races,' said Wang during a press conference on the event at IJM Land Centre of Excellence Gallery in Pantai Sentral Park, Kuala Lumpur. IJM Corp Group chief executive officer Datuk Lee Chun Fai said the recognitions affirm that the marathon meets international standards for distance accuracy and race organisation. 'IJM's objectives go beyond constructing roads. That is why we build platforms to bring people together, to connect and challenge themselves. 'More importantly, the fully closed highway marathon experience remains uniquely ours. This is not just about speed but about community, perseverance and leaving a positive legacy.' The Works Ministry besides the police, and Malaysian Highway Authority will oversee road closures and traffic diversions to ensure public safety. IJM toll division chief executive officer Wan Salwani Wan Yusoff said a lot of behind-the-scenes efforts were required to execute the event. 'We need a lot of people and resources even for a one-day marathon. But we have gained sufficient experience after having this event for several years,' she said. Event organiser EC Pixels Asia managing director Eugene Chan, said new features this year included public recruitment for pacers and entertainment zones with live music to encourage participants along the route. 'We have launched a pacer search and the public can register with us. 'Every station along the run will offer isotonic drinks. 'The highway run can be quite tough, so we have added entertainment stations to help runners enjoy the journey. 'There will be a live DJ station at one of the stations,' said Chan. Registration for the run closes on June 30. For details, visit
New Straits Times
09-06-2025
- Business
- New Straits Times
IJM Corp, Muhibbah Engineering to benefit from ECRL spur line
KUALA LUMPUR: IJM Corporation Bhd and Muhibbah Engineering (M) Bhd are among the companies expected to benefit from the East Coast Rail Link (ECRL) spur line, which provides direct connectivity to two major ports in Port Klang, CIMB Securities Sdn Bhd said. In a note today, the brokerage said IJM stands to benefit once the ECRL service is commercially operational. It owns and manages Kuantan Port through its 60 per cent stake in Kuantan Port Consortium (the remaining 40 per cent is held by China's Guangxi Beibu Group). CIMB Securities, which gave the stock a "buy" recommendation with a target price (TP) of RM3.40, noted that IJM signed a memorandum of understanding with Malaysia Rail Link (MRL) on June 10, 2024, to jointly explore ways to maximise the potential of logistical services within the ECRL corridor. "By leveraging the ECRL's network, IJM believes that this multimodal service will enhance Kuantan Port's logistical reach as the premier gateway to the East Coast of Peninsular Malaysia," it added. CIMB Securities said similar gains are expected for Muhibbah Engineering, which owns the rights to develop the Kuantan Maritime Hub (KMB) land bank that is strategically located right next to Kuantan Port. It has issued a "buy" call on the engineering construction company's shares with a TP of RM1.10. The stockbroking firm said that the 202.35-hectare KMB, which is estimated to cost RM2.1 billion to develop and targeted for completion in 2034, will have world-class shipbuilding facilities that complement the robust prospects of the ECRL. On downstream activities, CIMB Securities said Malayan Cement Bhd — which it has given a "buy" recommendation with a TP of RM6.35 — to secure additional orders from the ECRL spur line, as it continues to supply cement to the project on a non-exclusive basis. It said the unveiling of the ECRL spur line is within its expectations, as it forms part of the original 665-kilometre (km) ECRL alignment. It noted that, as of April 2025, construction progress on the ECRL had reached 82.5 per cent, about two and a half months ahead of schedule.
The Star
03-06-2025
- Business
- The Star
IJM continues to target more job wins for FY26
PETALING JAYA: IJM Corp Bhd is aiming for a higher project replenishment target for its financial year 2026 (FY26) despite missing its target again in its FY25 ended March 31, analysts say. UOB Kay Hian Research (UOBKH Research) said that the construction and property group guided for a higher replenishment range of between RM6bil and 7bil in FY26 after the release of its FY25 results, which beat expectations. A decent chunk of the replenishments will be from the delayed New Pantai Expressway (NPE) extension worth RM1.4bil and government housing project in Nusantara, Indonesia, estimated at RM1bil. Other key replenishment opportunities include the Penang LRT, the Penang Airport and road projects in Sabah and Sarawak. For FY25, IJM reported a core net profit of RM526.9mil, up 55.5% year-on-year following recognition of major construction milestones that saw its construction-segment earnings picking up significantly during 4Q25. Otherwise, UOBHK Research said that property sales had softened due to delayed launches, while infrastructure earnings declined due to lower throughput for tolls and ports. The construction segment's order book came in at RM11.1bil, comprising RM6.6bil from local jobs and RM4.5bil from foreign jobs in Singapore and Britain. Total job replenishments for the division stood at RM2.7bil. Meanwhile, Hong Leong Investment Bank Research (HLIB Research) said the recent approval for the long-awaited RM1.4bil NPE extension project will lift the group's order book. 'With this win, IJM has hit 40% of our FY26 contract-win assumption and we anticipate more wins this year mainly from data centres and the Nusantara project in Indonesia. 'On the balance-sheet front, IJM's low net gearing of 0.28 times provides ample space to fund the projects,' HLIB Research said. According to the research house, the NPE extension project will be fully funded by the company with no financial commitment from the government. The 15km extension will be fully elevated, linking three major highways – IJM's existing NPE and Besraya highways – with the upcoming LIKE Expressway. Construction will begin in the third quarter of this year with completion slated in 2029. Once operational, the NPE extension is poised to add to IJM's recurring income stream, said HLIB Research. As for the group's property division, UOBKH Research said total property sales came in at RM1.5bil in FY25 as delayed launches back in 3Q25 resulted in sales coming in at the lower end of IJM's target. Unbilled sales stood at RM1.54bil and going forward, IJM is targeting RM2bil in sales in FY26 in line with its previous guidance prior to the delays. As for the group's British ventures, contributions from its newly acquired JRL Group Holdings Ltd could begin as early as FY26. 'The current construction churn rate for the JRL Group is around £400mil with net margins of between 2% and 3%. 'While JRL is currently loss-making, this is largely due to balance-sheet issues causing project delays, which should be solved via a capital injection,' UOBKH Research said. The research house has a 'buy' rating on the stock with a higher target price of RM3.15 from RM3 before.
New Straits Times
30-05-2025
- Business
- New Straits Times
IJM Corp's construction book may expand to RM11bil with new deals
KUALA LUMPUR: IJM Corp Bhd is expected to see growth in its construction order book and a pickup in property earnings going into financial year 2026 (FY26). Hong Leong Investment Bank Bhd (HLIB Research) said the group's outstanding order book stands at RM6.6 billion, representing 2.6 times cover on FY25 construction revenue. The firm said IJM's effective order book could expand to RM11.1 billion, including contributions from construction associates JRL Group, which is pending completion, and Hexacon. "Contracts secured in FY25 amounted to RM2.7 billion, falling below management's guidance of RM5 billion, largely due to delays in the NPE extension. Nevertheless, IJM has started FY26 strongly, securing approval for the NPE extension worth RM1.4 billion. "Management is targeting a replenishment rate of RM6 billion to RM8 billion, backed by five to six data centre tenders, Penang LRT Segment 2, and airport jobs, in addition to NPE 2.0 and Nusantara PFI," it said in a note. HLIB Research also anticipates the potential conversion of two Nusantara private finance initiatives in FY26, namely the public housing project worth RM1.5 billion and the 26km multi-utility tunnel project. "In our view, IJM, possibly through a joint venture, could generate returns from availability charges. However, the conversion of the latter could spill over into FY27, in our view," it added. The research house remains upbeat on the group's longer-term prospects in the ports segment. This is supported by investments in MCKIP, the ECRL and the Phase 1 carbon capture, utilisation and storage project under the National Energy Transition Roadmap, which could add five million tonnes per annum of throughput. HLIB Research said toll volumes remained healthy in the fourth quarter and expressed confidence that the NPE restructuring will not result in toll rate cuts in the near term. It noted that IJM has also maintained that plans to monetise mature highways remain in place, though the timing remains uncertain. The firm has kept its 'Buy' call on IJM, raising its target price slightly to RM2.96 from RM2.92. "We continue to see trading opportunities in the stock given its valuation discount to peers, potential contract wins and monetisation news flow. "Key catalysts include contract awards, while risks involve unfavourable restructuring terms, high material costs and labour shortages," it said.
