The INTA contract reached a record high, and the net profit for the whole year continued to set new records!
On May 27, INTA announced that it had obtained the fourth construction contract of the year, obtained RM199mil from SimeProp, and received an RM942.1 mil contract in the past two months.
The 24Q1 results were announced on May 28. Profits have been growing for 5 consecutive quarters in QOQ. The RM7.052mil contract is also the second-highest in history, and the performance is outstanding.
The most important thing for construction companies is to have enough construction contracts. Fewer construction contracts mean that future turnover will decline. INTA had fewer contracts in 2023, so it fell to a 4-year low. Although the 2023 results were excellent, the stock price did not improve without many new contracts.
Until the company frequently obtained contracts this year, the company's value finally blossomed, and the stock price showed strong performance this year. By the end of March, the company had a contract of RM1,766 mils, which is enough for INTA to keep busy until 2026. TA Securities Bank's target price is 62 points, and RHB-OSK also selected this company as the TOP 20 Small Cap 💎, which is expected to grow in value in the future.
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投资座右铭：价值为主，技术为辅，心态之上
在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。
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