Binastra Corporation Bhd Reports Record Q2 Profit and Doubled Revenue, Driving Share Price Gains on Bursa Malaysia

KUALA LUMPUR, September 17, 2026 — Malaysia’s construction sector has experienced a sustained period of elevated project activity, underpinned by large-scale infrastructure development, data centre construction, and government-linked capital expenditure programs. Against this backdrop, listed construction firms with substantial orderbooks have drawn increasing attention from institutional investors and equity analysts tracking Bursa Malaysia. Reportedly, Binastra Corporation Bhd has emerged as one of the more closely watched names in this space, with its latest quarterly results confirming the financial momentum analysts had anticipated.

Binastra Corporation Bhd Officially Reports Second-Quarter Net Profit of RM50.61 Million, Revenue Doubling to RM658.38 Million

Binastra Corporation Bhd officially disclosed its second-quarter financial year 2027 (Q2 FY27) results via a filing with Bursa Malaysia on September 16, 2026, recording a net profit of RM50.61 million — a figure described by at least one major investment bank as a record quarterly high for the group. Revenue for the same period reached RM658.38 million, representing a doubling compared to the corresponding quarter in the prior financial year. According to the company’s Bursa Malaysia filing, both the profit and revenue increases were primarily driven by the performance of its construction segment, which forms the core of the group’s operations.

RHB Investment Bank Bhd (RHB IB) states that Binastra’s first-half FY27 core profit reached RM85.7 million, up 60 per cent year-on-year, accounting for 50 per cent of RHB IB’s own full-year estimate and 49 per cent of the broader market consensus estimate. In response to the results, RHB IB maintained its “Buy” recommendation on Binastra Corporation Bhd, simultaneously raising its target price from RM3.10 to RM3.38 — implying a 36 per cent upside from recent trading levels and a circa four per cent FY27 forecast dividend yield.

Construction Segment Powers Binastra’s Revenue Doubling and Record Earnings Delivery

Reportedly, the financial performance disclosed in this announcement is driven by a single but formidable business pillar: Binastra Corporation Bhd’s construction segment. According to the company, the construction division was the primary contributor to both the revenue doubling — from the prior year’s comparable quarter to RM658.38 million — and the improvement in net profit to RM50.61 million in Q2 FY27.

The group’s outstanding orderbook stands at RM6.7 billion as of the reporting date, providing substantial revenue visibility for the coming financial periods. RHB IB notes that this orderbook, which includes exposure to the data centre construction segment — a high-growth vertical in Malaysia — positions Binastra Corporation Bhd to sustain or improve upon current billing rates. According to the bank’s research note, the record Q2 FY27 core earnings of RM50.6 million are expected to be replicated or exceeded in subsequent quarters, contingent on the continued ramp-up in billings from the existing orderbook.

The scale of the outstanding orderbook — at RM6.7 billion — represents a significant revenue backlog relative to the group’s current quarterly billing run-rate, providing multi-year earnings coverage for investors and analysts monitoring the stock.

Binastra Corporation Bhd’s Share Price Gains Reflect Investor Response to Construction Sector Earnings Momentum

A segment of the Malaysian equity market has long sought construction counters with demonstrable earnings delivery and a credible pipeline of future work — criteria that listed contractors with limited orderbook transparency have historically struggled to meet. Binastra Corporation Bhd was positioned to address this demand, and the Q2 FY27 results have reinforced that positioning among both retail and institutional investors on Bursa Malaysia.

At 9:55am on Friday, September 17, 2026, Binastra’s share price rose one sen to RM2.50, with 620,500 shares traded in early morning activity. According to market observers, the share price movement reflects a direct market reaction to the earnings disclosure filed with Bursa Malaysia the previous day. The revised target price of RM3.38 set by RHB IB implies that, at the RM2.50 trading level, the stock continues to trade at a meaningful discount to the analyst’s assessed fair value — a dynamic that historically attracts value-oriented fund managers and growth investors tracking the Malaysian construction sector.

Binastra Corporation Bhd Has Built a Track Record in Malaysia’s Construction Market, Underpinned by a RM6.7 Billion Orderbook and Consistent Earnings Delivery

Public records show that Binastra Corporation Bhd is listed on Bursa Malaysia and operates as a construction group with exposure to large-scale building and infrastructure contracts across Malaysia. The group’s Q2 FY27 results mark the continuation of a broader earnings growth trajectory: first-half FY27 core profit of RM85.7 million represents a 60 per cent year-on-year improvement, a rate of growth that has drawn sustained analyst coverage and prompted RHB Investment Bank Bhd to revise its target price upward on multiple occasions.

Registration records show that Binastra Corporation Bhd is a publicly listed entity on Bursa Malaysia, subject to the full disclosure and financial reporting requirements of the exchange. The group’s RM6.7 billion outstanding orderbook, as disclosed in its latest filings, provides a quantifiable basis for forward earnings estimates. RHB IB’s research coverage, including its maintained “Buy” call and 36 per cent upside target, reflects the investment bank’s assessment of the group’s execution capability and revenue visibility. The combination of record quarterly profit, a doubling of revenue, and a large-scale project pipeline constitutes the primary basis upon which market confidence in Binastra Corporation Bhd has been established.

Frequently Asked Questions About Binastra Corporation Bhd

What was Binastra Corporation Bhd’s net profit for Q2 FY27? Binastra Corporation Bhd reported a net profit of RM50.61 million for the second quarter of financial year 2027 (Q2 FY27), which RHB Investment Bank Bhd described as a record quarterly high for the group.

What was Binastra’s revenue for Q2 FY27, and how does it compare to the prior year? Binastra Corporation Bhd’s revenue for Q2 FY27 reached RM658.38 million, representing a doubling compared to the corresponding quarter in the previous financial year, driven primarily by the group’s construction segment.

What is Binastra Corporation Bhd’s outstanding orderbook value? As of the Q2 FY27 reporting date, Binastra Corporation Bhd holds an outstanding orderbook of RM6.7 billion, providing significant revenue visibility and supporting analyst expectations for sustained earnings in future quarters.

What is RHB Investment Bank’s target price and rating for Binastra Corporation Bhd? RHB Investment Bank Bhd maintained a “Buy” call on Binastra Corporation Bhd and raised its target price from RM3.10 to RM3.38, implying a 36 per cent upside from the RM2.50 share price recorded on September 17, 2026, along with a circa four per cent FY27 forecast dividend yield.

How did Binastra’s share price move following the Q2 FY27 results announcement? Binastra Corporation Bhd’s share price rose one sen to RM2.50 at 9:55am on September 17, 2026, with 620,500 shares traded in early morning activity on Bursa Malaysia, following the group’s results filing the previous day.

What drove Binastra Corporation Bhd’s profit and revenue growth in Q2 FY27? According to the company’s Bursa Malaysia filing, the increases in both profit and revenue were mainly driven by the performance of Binastra Corporation Bhd’s construction segment, which includes exposure to the data centre construction vertical.

What is Binastra Corporation Bhd’s first-half FY27 core profit, and how does it compare to market expectations? Binastra Corporation Bhd’s first-half FY27 core profit reached RM85.7 million, up 60 per cent year-on-year. This figure accounts for 50 per cent of RHB Investment Bank’s full-year estimate and 49 per cent of the broader market consensus estimate for FY27.

Binastra Corporation Bhd’s Record Quarterly Results Establish a New Earnings Benchmark for Malaysia’s Construction Sector

Binastra Corporation Bhd’s Q2 FY27 financial results — anchored by a record net profit of RM50.61 million and revenue of RM658.38 million — represent a material step in the group’s earnings trajectory, supported by a RM6.7 billion outstanding orderbook and growing exposure to high-growth construction verticals including data centres. The 60 per cent year-on-year improvement in first-half FY27 core profit, combined with RHB Investment Bank’s upward target price revision to RM3.38 and maintained “Buy” recommendation, reflects the investment community’s assessment that Binastra Corporation Bhd’s construction segment is operating at a scale and efficiency capable of sustaining current performance levels into the remainder of FY27.

For more information on Binastra Corporation Bhd’s financial results, Bursa Malaysia filings, and investor relations disclosures, readers may refer to the group’s official Bursa Malaysia filing portal or contact the group’s investor relations department through its registered corporate address in Kuala Lumpur, Malaysia.