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Berjaya Research has started coverage on Central Global Berhad (CGB) with a BUY call and a target price of RM1.10. This suggests a potential total return of about 26.8%, as the company is showing growth from two key areas, e.g. steady progress in its construction projects and signs of recovery in its manufacturing business
CGB has grown into an integrated construction and manufacturing company with a growing presence in the region. The recovery that started in FY25 is built on a solid foundation. So it’s only a matter of time before the share price reaches the RM1.10 target
Honestly, for trading, 3-6 months is definitely a decent timeframe to see some meaningful moves. Long enough to ride out short-term noise and capture larger trends.