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This was mainly driven by higher revenue from ongoing projects, particularly the Bekalan Air Luar Bandar project and the Pan Borneo Highway. The company’s construction division also has an unbilled order book worth around RM625.23 million. With this strong pipeline, CGB will keep delivering solid results
Valuation of DXN is highly attractive considering the effective business model, Brazil expansion as a medium-term growth driver, and sturdy balance sheet (an estimated net cash of RM517 million by FY25) to support generous dividend payments