This article first appeared in The Edge Financial Daily on February 22, 2018

Inta Bina Group Bhd (-ve)

SHARES in Inta Bina Group Bhd (fundamental: N/A/3; valuation: N/A/3) triggered our momentum algorithm yesterday for the first time this year. The stock closed up 2.47% or one sen to 41.5 sen, with 15.34 million shares traded versus the counter’s 200-day average volume of 6.4 million shares.

The company, listed on Bursa Malaysia on May 25, 2017, is principally involved in securing and carrying out construction contracts. In The Edge Malaysia weekly’s Dec 11 issue, it was reported that the group was actively bidding for new construction projects locally as it aimed to increase its market capitalisation to RM300 million in one to two years.

The group’s tender book stood at a record high of RM2.91 billion as at Oct 30, 2017, it said. For the third quarter ended Sept 30, 2017, it made a net profit of RM4.58 million on revenue of RM75.41 million. It posted a net profit of RM10.89 million on revenue of RM220.91 million for the cumulative nine months. There were no year-on-year comparative figures. Inta Bina is currently trading at 2.39 times its net book value.