Kuala Lumpur, 19 September 2025 — Shares of Binastra Corp Bhd surged closer to their all-time high after the construction group reported a 25% jump in net profit for the six months ended 31 July 2025. The financial result represents about 40% of full-year consensus estimates, positioning the company for potentially strong earnings momentum in the remaining months.
On a trading day following a quiet session, Binastra shares rose 3% to RM2.00 — just one sen short of its record high posted on 17 September — lifting its market capitalisation to approximately RM2.18 billion. The stock has delivered a solid 16% gain year-to-date, largely underpinned by recent contract wins and positive analyst coverage.
Analysts are optimistic. Mercury Securities noted that upcoming earnings are likely to be bolstered by higher progress billings from its existing order book, as well as newly awarded projects. All six analysts covering Binastra have maintained “Buy” ratings following the half‐year results, with an average target price around RM2.57, implying over 29% upside from the current trading level.
Binastra’s order book stood at about RM4.4 billion as of end-July, giving visibility into earnings over the next four financial years. RHB Research also flagged that the group has secured new contracts worth approximately RM1.6 billion since the start of the financial year, with potential for further contracts — up to RM2.4 billion — especially in the Johor region.
