not vested
Trading Buy: INTA-0192
(Last price: RM0.285, Potential upside +24.6%)
Company Profile
Inta Bina Group is principally involved in the construction of residential and non-residential buildings in Malaysia
Trading Catalyst
Armed with established track record, INTA is expected to grow strongly at 21% FY19-21 EPS CAGR, underpinned by increasing revenue recognition from its RM650m outstanding order book which now has a higher proportion of higher value works.
Valuations are undemanding at 4.6x FY19 P/E (46% and 44% lower than its peers and historical average) and 1.2x P/B (13% and 25% lower than its peers and historical average), supported by healthy net cash of RM12m and projected decent FY19-21 dividend yields of 3.5-5.3%.
Technically, the stock is ripe for a triangle breakout soon towards our RM0.325-0.355 upside objective.
Technical View
Resistance: RM0.300 / RM0.325 / RM0.355
Support: RM0.270 / RM0.265
Cut loss: RM0.250
Key Financial Stats
Trading at 4.6x FY19E P/E (46% lower than its peers) and 1.2x P/B (13% discount to peers).
Source: Bloomberg, HLIB