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Good news, Inta Bina just secured a RM115.65 million contract from Sime Darby Property to build 61 units of three-storey terrace houses, together with an electrical substation, at KL East
Currently hovering around the 0.36 support level, with price action showing consolidation as it struggles to break past the 0.40 immediate resistance. Watch for a strong volume-backed breakout above that ceiling to confirm the next bullish leg, otherwise stay cautious if it dips below the current base.
Inta Bina got solid order book growth and steady margins, so long-term prospects look quite decent if they can keep execution tight. Just monitor the margins closely because construction sector competition is fierce and can easily eat into their bottom line.
Inta Bina’s order book is growing fast and their track record in high-rise construction makes them a reliable value play for the long haul. Margins remain healthy despite rising costs, so keeping them in your portfolio for the construction sector recovery is a solid move.
When you see names like Sime Darby Property, EcoWorld, Gamuda Land, Tropicana and UEM Sunrise as Inta Bina’s customers, you know this is not a small player