Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
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
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.
CGB is targeting to lift its overseas contribution to 50% of manufacturing revenue, up from 43% recorded in FY25, underpinned by deeper penetration into existing export markets and the onboarding of new international customers.
Looks like it's right on the cusp of breaking resistance, and adding to oil exposure makes sense here. The momentum is building, so I'm watching that level closely.
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.