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Inta used to trade near 50c zone on news of job wins. Good game. Earnings should be on track, similar to last year. Rev 750m, profit 41m (5%). Constn sector extremely competitive. Be good if they can take on more profitable jobs
Inta’s execution is solid but margins are tight, so they really need to secure higher-margin projects to justify a re-rating beyond their current consolidation phase.
Inta got strong order book and track record, but until they can squeeze better margins out of these construction contracts, the share price will likely just stay sideways for a while.
Contract price hike is one thing but labour cost and material inflation keep on rising as well, they need to prove their margin is healthy in the coming quarters
