Outstanding order book of RM1.9b equals roughly 2.9x FY2025 construction revenue. That gives ~3 years of locked-in revenue at current burn rate. Plus the tender book of RM4.9b (as of Feb 2026) means active bidding pipeline. Compare with peers trading at premium PE, INTA at low PE with similar earnings visibility looks mispriced. Patience required for re-rating but the structural backdrop is solid.