Apart from the construction segment, CGB is also widely recognized for its in-house masking tape and label production brands "CIC" and "Apollo". Currently, its manufacturing plant is located in Sg. Petani, Kedah, with an annual production capacity of 30.0 million m²

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).