Despite the 2024 fiscal budget not living up to most investors' high expectations, there are still certain hidden winners, one of which is the lesser-known construction company - Bina Puri Holdings (5932).

BPURI could certainly be considered a veteran in the Sarawak market. The company has been involved in the Sarawak market since 1999 and has established a solid foundation in construction and infrastructure.

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Not long ago, the company welcomed new critical shareholders from Sarawak. While this might be easy to guess from the recent activity in its share price, what's more significant is that BPURI has already secured an RM72.8 million contract in Sarawak, further strengthening its core business.

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Notably, BPURI not only has projects in Sarawak but also has extensive experience in High-Speed Rail Thailand (HSR Thailand), LRT Penang, and LRT3 projects. This showcases the company's comprehensive capabilities in the field of infrastructure. Additionally, the company is likely to continue to improve fundamentally, propelled by large infrastructure projects like SSLR2 and Pan Borneo Sabah.

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A recent look at BPURI's stock price and trading volume reveals a bullish trend against the market. There are signs of divergence in the MACD as well, suggesting that the stock price may soon challenge key price levels of RM0.075 and RM0.125.

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Disclaimer: The information provided in this document is for informational purposes only and should not be construed as financial or investment advice. The opinions expressed are those of the author and do not necessarily reflect the views of the company or its affiliates. While every effort has been made to ensure the accuracy of the data and the reliability of the sources, no guarantee can be made regarding the completeness or accuracy of the information. Consult with a qualified financial advisor before making any investment decisions.