Technical View – Accumulation Phase Poised for Breakout

CGB closed at RM0.885, holding above all key moving averages and maintaining a constructive uptrend structure that’s been in place since early-2025. The 200-day EMA (~RM0.850) continues to rise, confirming long-term bullish momentum, while price action has been consolidating within a narrow RM0.865–0.900 band over the past two months, a typical sign of accumulation before a directional move.

Short-term momentum is improving: the oscillator has turned higher from oversold levels, and repeated “Buy” signals around the RM0.865–0.870 area suggest accumulation by stronger hands. However, repeated rejections near RM0.900–0.905 highlight a clear supply zone, a breakout above this level is needed to trigger follow-through buying and open a path towards RM0.930–0.950.

On the downside, RM0.850 remains the critical structural support. A decisive break below this would shift sentiment to neutral and risk a pullback towards RM0.820.

Technical Bias: Bullish-neutral. Current setup points to a coiled base with a favourable risk-reward skew, but a breakout confirmation above RM0.900 is key for trend continuation. Failure to do so risks prolonged sideways trade or a reversal below key support.

Q6 performance shows that the construction business is doing really well, thanks to strong momentum and careful cost management. On the other hand, the manufacturing side is still facing challenges, but with a new production line coming online in early 2026, it is expected to boost efficiency and stay more competitive

For Q6 2025, CGB has recorded revenue of RM98.18 million and revenue of RM98.18 million. Revenue increase due higher contract revenue recognised on infrastructure project, The decrease in profit is mainly due to profit margin revision in one of the Group’s on-going infrastructure projects, following more subcontract awards were finalised and awarded