{
  "id": 9688086,
  "title": "HLIB keeps 'Buy' on Inta Bina as order book reaches RM1.8bil",
  "url": "https://urgent.news/2026/09/25/hlib-keeps-buy-on-inta-bina-as-order-book-reaches-rm1-8bil",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T03:14:34.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1540760/hlib-keeps-buy-inta-bina-order-book-reaches-rm18bil"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Hong Leong Investment Bank Bhd (HLIB) has noted that Inta Bina Group Bhd's latest RM221.1 million contract with Mitraland Holdings is projected to generate a net profit margin ranging from five to six percent. This contract, which covers the primary construction of Gravit8 Phase 4, includes 39-story serviced apartments, 20-story office space, parking facilities, commercial areas, recreational amenities, and a sports complex. It is expected to commence construction on September 28.\n\nAccording to HLIB, this contract has boosted Inta Bina's year-to-date contract wins to RM645 million and its unbilled order book to RM1.8 billion, which represents 2.8 times its FY25 construction revenue. The bank anticipates more conversions from its RM3.6 billion tenderbook in the upcoming months to achieve its project win target of RM800 million to RM900 million for FY26.\n\nHLIB has retained its 'Buy' recommendation for Inta Bina with a target price of 76 sen, based on a 10 times FY27 price-to-earnings ratio. The bank believes there is potential for the stock to be revalued due to its consistent earnings growth and increasing contribution from the higher-margin property segment.",
  "summary": "KUALA LUMPUR: Inta Bina Group Bhd's latest RM221.1 million contract from Mitraland Holdings is estimated to yield a net profit margin of between five and six per cent, said Hong Leong Investment Bank Bhd (HLIB).",
  "key_points": [
    "Inta Bina Group secures RM221.1M contract with Mitraland Holdings",
    "Contract to build Gravit8 Phase 4 with 39 serviced apartments and office space",
    "HLIB maintains Buy rating with RM1.8B order book and RM800M FY26 target"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}