PETALING JAYA: Construction company Binastra Corp Bhd
is poised for robust growth next year, with TA Research maintaining a strong “buy” recommendation and a target price of RM2.85, implying 39% upside from its last traded price of RM2.05.
In a note to clients yesterday, the research house said: “We continue to like Binastra for its long-standing relationships with major clients that provide steady project flows; strategic positioning as a key beneficiary of the property and construction upcycle; and robust earnings visibility and growth prospects, supported by a resilient and expanding order book.”
