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Central Global executive director Lee Chee Vui’s private holding company RYRT Holdings Sdn Bhd is likely to have acquired the shares, raising its stake to 14.16%. Confidence has been shown
The outlook for orderbook replenishment remains positive. With an extensive tender portfolio worth RM5.59 billion across more than a dozen construction projects, I believe that CGB will secure RM600.0 million in new orders for FY25F. Furthermore, opening a physical office in Sabah will enhance its presence in East Malaysia, paving the way for securing additional projects in the region
Full momentum, 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).
Geneva Insurance Group (Barbados) Inc has ceased to be a substantial shareholder in construction and manufacturing company Central Global Bhd after disposing of 35.0mn shares, representing a 5.0% stake. Who is the new substantial shareholder?
The Works Ministry (KKR) is projecting spending in the construction sector of RM200 billion, covering the government sector, government-linked companies (GLCs), government-linked investment companies (GLICs) and the private sector, next year
