As at 30 September 2024, the current secured unbilled order book of CGB's construction segment is approximately RM729.49 million. I believe the company will continue to generate good revenue in the next few quarters.
CGB is breaking out ! I heard that CGB’s tenderbook amount exceeds RM5 billion and it consists of more than a dozen buildings and infrastructure projects
APEX gives a BUY recommendation on Central Global Berhad and a TP 1.00 by ascribing a P/E multiple of 18.0x to the manufacturing and trading segment EPS of 0.7 sen, while the construction segment is pegged to P/E multiple of 28.0x (c.20% discount to Bursa Malaysia construction sector P/E of 36.1x).
Analysts highlight that Central Global (CGB, 805), which holds an 80% market share in the local high-temperature masking tape segment, is poised for core net profit growth. This outlook is supported by the revival of its manufacturing and trading businesses, an unbilled order book of approximately RM730 million, and a massive tender pipeline totaling nearly RM5.6 billion. A "Buy" rating and a price target of 1.00 has been assigned to the stock.
Since incorporation, CGB has established its footprint into more than 30 countries, having served more than 110 foreign partners too in the masking tape business. It's a hidden gem
With a relatively large tender value of RM5.59 billion for a dozen construction projects, CGB is expected to be able to secure new orders worth about RM600 million in FY26
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
berryayun
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Posted by berryayun > 2 months ago | Report Abuse
Clear 0.85 then 0.90 coming for CGB