KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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 @ ...