Strong order book, RM645mil wins to drive Inta Bina earnings
KUALA LUMPUR: Inta Bina Group Bhd’s earnings are expected to remain supported by its strong construction order book, with new contract wins already reaching about RM645 million in financial year 2026 (FY26), said Rakuten Trade Sdn Bhd.
Inta Bina Group Bhd is expected to maintain strong earnings driven by its robust construction order book and recent contract wins, amounting to approximately RM645 million for the financial year 2026 (FY26), according to Rakuten Trade Sdn Bhd. The firm anticipates Inta Bina's net profit to be RM42.6 million for FY26 and RM49.2 million for FY27, maintaining a Buy recommendation with a target price of 80 sen, based on a 10 times price-to-earnings ratio.
The positive outlook is attributed to the company's ability to secure new jobs, its attractive dividend yield, and its strong order book, which provides good earnings visibility. Inta Bina secured four construction projects worth RM424 million by August, including a RM49 million cluster factory, a RM32 million retail and office block, a RM227 million mixed development, and a RM116 million KL East 61 terrace housing project.
In September, the company won a further RM221.1 million contract from Mitraland for Gravit8 Phase 4 (Novva) in Kota Bayuemas, Klang, raising FY26 new construction orders to about RM645 million. Additionally, Inta Bina has a tender book valued at RM3.6 billion, encompassing residential, commercial, and data-center projects, providing further potential for replenishing its order book.
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