In research notes on Thursday, the analysts also point to firm residential property demand from rising population density in Klang Valley to support future prospects. The construction firm recently secured a RM316.5 million contract from HCK to revive Subang Sentral on Wednesday (March 18), which had been in construction purgatory since 2019. The award represents Binastra’s second contract win for its financial year ending January 2027, which brings year-to-date job wins to about RM820 million. TA Securities expects the Subang Sentral contract to deliver a net margin of 9%, contributing an estimated RM28.5 million in net profit over the construction period. RHB cited data from the Department of Statistics Malaysia showing rising population density in Klang Valley at about 8,546 persons per sq km in 2025, up from around 8,080 per sq km in 2022.

Source: The Edge Markets March 19, 2026 04:07 UTC