Binastra Corporation Bhd's wholly owned subsidiary, Binastra Builders Sdn Bhd, has accepted two letters of award from Exsim Kebun Teh Sdn Bhd for main building and external works worth RM243.60 million and RM214.89 million, respectively.
In a filing with Bursa Malaysia today, Binastra Corporation said the contracts are for the development of two serviced apartment blocks along Jalan Kebun Teh, Bandar Johor Bahru, Johor — a 43-storey...

Market Overview:
The Malaysian and broader Asian markets displayed a mixed performance today, with selective sectors and indices showing resilience amid varied financial reporting landscapes. The FBMKLCI index closed at 1,519.46, registering a modest gain of 5.86 points (+0.387%), reflecting a cautiously optimistic trading session.
Market Breadth and Sector Dynamics:
Today's market demonstrated nuanced sector performances. The TELECOMMUNICATIONS & MEDIA (4502) se...

Binastra Corp Bhd (formerly Comintel Corp Bhd) recorded its best-ever financial performance for the fourth quarter (4Q24) and full year ended Jan 31, 2025 (FY25), underpinned by strong earnings growth and record high RM3.1bil in total new contract wins.
The company also declared a maiden interim dividend of three sen per share, payable on April 25, 2025.
In a statement, the construction company said it posted a revenue of RM270.2mil, a 73.9% increase from t...