PETALING JAYA: Inta Bina Group Bhd
’s RM349mil building works project, which is the first construction job secured by the company this year, is expected to lift its total outstanding order book to about RM1.3bil, equivalent to 2.1 times financial year 2023’s (FY23) revenue, TA Research says.
Apart from this, the research house noted that assuming a pre-tax profit margin of 5.4%, the project is expected to contribute RM14.1mil in net profit throughout the construction period.
At the same time, the brokerage added that it is maintaining its FY24 to FY26 earnings estimates, as the job win falls within its FY24 order book replenishment assumption of RM800mil.
In a filing with Bursa Malaysia on Monday, the construction company said it had accepted a letter of award from Eco Ardence Sdn Bhd for main building works worth RM348.92mil for the proposed Maya Integrated Development in Shah Alam, Selangor.
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