KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Binastra Corp Bhd (KL:BNASTRA) is back in the spotlight after posting stronger earnings, with its share price rallying to within a whisker of its all-time high.
The counter gained 3% to RM2.00 on Friday — only one sen below the RM2.01 peak recorded earlier this week. That brings year-to-date gains to 16%, valuing the construction player at RM2.18 billion.
Key Earnings Takeaways
Net profit for the six months ended July 31, 2025 jumped 25% YoY.
Earnings now account for about 40% of consensus FY25 forecasts.
Analysts believe the gap will be closed as project billings accelerate.
Analyst Call: More to Come
Mercury Securities is upbeat:
“We anticipate stronger earnings delivery in the coming quarters, supported by higher progress billings from the existing orderbook and the commencement of newly secured projects.”
Why Investors Are Watching
Contract wins and project rollouts continue to underpin sentiment.
Stronger earnings visibility positions Binastra for a possible breakout beyond its previous high.
Construction names are regaining attention as Malaysia’s project pipeline expands.
Investor takeaway: Binastra is trading at the doorstep of a new high, with momentum and orderbook visibility suggesting more upside if execution stays on track.
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