PETALING JAYA: Building contractor Inta Bina Group Bhd
’s earnings outlook for the financial year ending Dec 31, 2026 (FY26) remains solid supported by an outstanding construction order book of RM1.8bil as well as contributions from the company’s property development business, says TA Research.
It has reiterated a “buy” call on the stock but with a lower target price of 84 sen from 88 sen after lowering earnings forecasts by 0.3% for FY25 and by 4.9% and 4.3% for FY26 and FY27 respectively.
It pointed out that the company’s new order book replenishment of RM865.2mil fell short of the research house’s target of RM1bil largely due to property developers delaying the rollout of projects amid heightened global market uncertainty.
Considering the shortfall in new order book replenishment as timing related rather than structural, it said the company’s order book replenishment has good visibility given the RM4.5bil tender book pipeline comprising residential property projects from recurring clients.
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