KUALA LUMPUR (June 11): Hong Leong IB Research said that armed with established track record, Inta Bina Group Bhd is expected to grow strongly at 21% FY19-21 EPS CAGR, underpinned by increasing revenue recognition from its RM650 million outstanding order book which now has a higher proportion of higher value works.

In a technical tracker today, the research house said valuations are undemanding at 4.6x FY19 P/E (46% and 44% lower than its peers and historical average) and 1.2x P/B (13% and 25% lower than its peers and historical average), supported by healthy net cash of RM12 million and projected decent FY19-21 dividend yields of 3.5-5.3%.

“Technically, the stock is ripe for a triangle breakout soon towards our 32.5 sen-35.5 sen upside objective,” it said.