RHBIB Remains Upbeat On Binastra Corp's Prospect

KUALA LUMPUR, June 20 (Bernama) -- RHB Investment Bank Bhd (RHBIB) remains upbeat on Binastra Corporation Bhd's prospects, projecting earnings to grow at a compound annual growth rate (CAGR) of 132 per cent for three financial years (FYs) between 2025 and 2028.

In a research note today, the investment bank said this will largely be in tandem with its anticipated order book growth, backed by the expansion of its key clients beyond the Klang Valley.

It said Binastra has clinched RM997 million in new jobs for year-to-date (YTD-FY2026) versus its internal job win target of RM4 billion (FY2025 job replenishment: RM3.1 billion). 

"We envisage the remaining RM3 billion that Binastra needs to secure to hit the RM4 billion new job win target for FY2026 to partly come from key clients, namely EXSIM Development, Maxim Global and Platinum Victory," it said. 

RHBIB has kept its “Buy” call for the company with a target price (TP) of RM2.64. 

As at 10 am, Binastra share price was 4.0 sen higher at RM1.84, or 2.22 per cent, with 345,200 shares traded.

-- BERNAMA