Ibraco expects stronger 2H26 earnings after ART certification delays resolved
Ibraco Bhd's first-half 2026 net profit was RM27.7 million, with revenue down 14% due to delays in ART certification. The issue has been resolved, and the company expects to recognise about RM300 million from the ART project in the second half of 2026. TA Securities maintains a buy call with a target price of RM1.52.