Inta Bina share price at new high on Gamuda contract

PETALING JAYA: Inta Bina Group Bhd’s share price rose to a record high yesterday, following the group’s RM111.98mil contract win from Gamuda Bhd.

At 5pm, the building contractor’s share price closed 9.41% up to 46.5 sen.

Year-to-date, the company’s share price has risen almost 80%.

Inta Bina had announced on Tuesday that it had accepted a letter of award from Gamuda Land (T12) Sdn Bhd for the proposed development of 174 units of semi-detached homes.

In a filing with Bursa Malaysia, it said phase one would consist of 124 units of semi-detached houses, a guard house, management office and two Tenaga Nasional Bhd substations. Phase two would comprise 50 units of semi-detached houses.

The construction period is 23 months from June 4, 2024, it said.

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