Binastra Corporation Berhad

What Binastra Corporation Berhad does

Binastra Corporation Berhad is a publicly listed Malaysian construction contractor (Bursa Malaysia Main Market, stock code BNASTRA 7195) headquartered in Bukit Jalil, Kuala Lumpur. The company traces its construction heritage to 1980 and rebranded from Comintel Corporation Bhd in March 2024 after Datuk Tan Kak Seng became the major shareholder in December 2022. All construction operations are executed through wholly-owned subsidiary Binastra Builders Sdn Bhd, which holds the G7 classification from CIDB Malaysia — the highest contractor grade, permitting tendering for projects of any size or complexity in the country.

Binastra's service portfolio covers residential housing, high-end condominiums, commercial and retail shop lots, and data centre construction, with notable expansion into data centre build-outs. Projects are concentrated in the Klang Valley, including Bukit Jalil, KLCC, and Bangsar. The company has secured more than RM1.886 billion in cumulative contract awards between 2022 and 2024 from property developers such as Mightyprop, Exsim (Bukit Jalil City and Jalil Link), Builtamont Development, and Butirjaya Maxim, plus a government affordable housing scheme (SASR/PPA1M).

Revenue is generated through fixed-price construction contracts awarded via competitive tendering and direct negotiation with developers, with revenue recognized over the construction period based on project completion. There are no recurring or subscription revenue streams. Pricing is project-specific and not publicly disclosed, and the GTM motion is enterprise field sales driven by track record and direct developer relationships rather than self-serve or channel-based distribution.

Name

Binastra Corporation Berhad

Legal name

Binastra Corporation Berhad

Website

https://binastracorp.com.my

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

1–10 employees

Short description

Binastra Corporation Berhad is a publicly listed Malaysian G7-classified construction contractor delivering residential, commercial, mixed-use, and data centre projects primarily in the Klang Valley through its wholly-owned subsidiary Binastra Builders Sdn Bhd, serving property developers and government housing schemes.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

Nonresidential Building Construction (2362)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Commercial General Contracting (New Build) (IMAFAAAA)

Keywords

• Main contracting services
• Residential building construction
• Commercial construction projects
• Data centre construction
• Mixed development construction

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Construction Contract Revenue: Binastra derives revenue primarily from fixed-price construction contracts awarded by property developers. Contracts are secured through competitive tendering for main building works, infrastructure works, piling, and mixed-development projects. Revenue is recognised over the construction period based on project completion stages. No recurring or subscription revenue streams are indicated.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Binastra is a G7-classified main contractor in Malaysia executing residential, commercial, mixed-development, and data centre construction projects. All construction activities are delivered through its wholly-owned subsidiary Binastra Builders Sdn Bhd under fixed-price contracts awarded by property developers and government housing schemes, primarily across the Klang Valley.

Product overview

Binastra Corporation Berhad operates as a construction company with a G7 classification from CIDB Malaysia, undertaking projects through its wholly-owned subsidiary Binastra Builders Sdn Bhd. The company offers a unified construction service portfolio comprising residential housing, high-end condominiums, commercial and retail shop lots, and data centre construction. The company was formerly known as Comintel Corporation Bhd and rebranded to Binastra Corporation Berhad on 8 March 2024. Projects span the Klang Valley region including Bangsar, KLCC, and Bukit Jalil areas.

Differentiator

Problem solved

Functional benefit

Products and services

• Construction Services End-to-end main contractor construction services delivered by Binastra Builders Sdn Bhd under G7 CIDB Malaysia classification, covering residential, commercial, mixed-development, and data centre projects across Malaysia. Targeted at property developers and government housing schemes.
• Residential Housing Construction Construction of residential housing developments including landed properties and high-rise apartments, executed with craftsmanship and attention to quality. Targeted at property developers building homes for end-user buyers.
• High-End Condominium Construction Construction of luxury condominiums for high-end residential developments, focused on elegance, refinement, and design standards. Targeted at property developers in the premium residential segment.
• Commercial and Retail Shop Lots Construction Construction of commercial buildings, office towers, and retail shop lots designed to create business environments for retail and office use. Targeted at property developers of commercial real estate.
• Data Centre Construction Construction of secure and reliable data centre facilities to meet the evolving needs of businesses and industries reliant on digital infrastructure. Targeted at property developers and digital infrastructure clients.

Quantifiable outcome

• 50 years of construction experience since 1980
• +1 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves11 records

Expansion highlights4 records

Broad incumbents

• Gamuda Berhad: One of Malaysia's largest construction and infrastructure groups, with significant exposure to tunneling, highways, and property development. Comparable as a major Malaysian construction incumbent with G7-equivalent capability and listed Bursa presence.
• IJM Corporation Berhad: Established Malaysian construction, property, and industrial group with deep building and infrastructure capabilities. Comparable as a broad incumbent in Malaysian construction with property development exposure.

Regional players

• TRC Synergy Berhad: Malaysian construction group with building and infrastructure capability across the region. Comparable for general contracting profile, though it has historically focused more on infrastructure than residential/data centre work.

Direct peers

• Kerjaya Prospek Group Berhad: Listed Malaysian construction group executing high-rise residential and commercial building contracts in Klang Valley, with a G7-grade contractor profile. Directly comparable building contractor on similar project sizes and customer base.
• Econpile Holdings Berhad: Malaysian piling and foundation specialist that participates in many of the same Klang Valley main building projects as Binastra. Comparable as a G7-grade specialist contractor serving the same developer client base.
• Sunway Construction Group Berhad: Major Malaysian construction group listed on Bursa Malaysia, undertaking building, infrastructure, and data centre projects with G7-equivalent credentials. Direct comparable as a listed Malaysian main contractor with a diversified building portfolio.
• Malaysian Resources Corporation Berhad (MRCB): Malaysian construction and property developer with main contracting arm executing mixed-use and commercial developments in Klang Valley. Comparable for mix of construction services and property development collaborations.
• WCT Holdings Berhad: Malaysian construction and property developer with main contracting capability for commercial, residential, and mixed-use projects in Klang Valley and beyond. Comparable as a listed Bursa main contractor with overlapping project types.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BinastraLand

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Binastra Corporation Berhad