KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Inta Bina Group Bhd (0192) is gaining momentum with a solid construction orderbook of RM1.5 billion and consistent earnings outlook. Backed by a target price of RM0.99 (implying over 120% upside from RM0.445), the stock is rated BUY based on 13x PER on FY26 forecast earnings. Core Highlights Over 35 years in Malaysia’s construction industry 155 completed projects , valued at approx. RM5 billion Long-term partners: EcoWorld, Sunway, Tropicana, Gamuda, Sime Darby Property Strong execution track record across residential, commercial & high-rise sectors Financial Momentum FY25 and FY26 profit forecast: RM41.1m and RM46.4m Strong 1QFY25 earnings: RM10m , up 40.8% YoY Net gearing: below 0.1x , strong balance sheet Dividend yield projected at 5.3% (FY25) and 6.0% (FY26) Payout ratio: ~35%, consistent with past 5 years’ trend Projects Secured (2024 Highlights) 🏢 i-Maya @ ...