green is green. 🙏🏼

Recently, Central Global Corporation (CGB, 8052) received a major piece of news, as they secured a substantial order worth 0.6 billion 16.38 million ringgit, primarily for the construction of an important highway project from Sabah to Brunei. This is not just an ordinary contract, it includes support in all aspects such as equipment, machinery, and labor. For the company, this order is expected to bring in significant profits.
For reference, the scale of this order is equivalent to three times the total revenue of the company in the 2023 fiscal year! With just this contract alone, it is enough to ensure stable profits for the company in the coming years. Moreover, this is just the beginning, as the company has more projects in the pipeline. According to the CEO of the company, Zhou Xianda, they are already preparing for this project, expecting 4 to 6 months for preliminary work, followed by a comprehensive launch over the next 6 months.
What is even more anticipated, Zhou Xianda revealed that this contract is expected to bring double profits. In addition, the company's current total order volume has reached 0.7 billion 60 million ringgit, meaning that even if there are no new orders in the future, the income from these existing projects is sufficient to support the company until 2028!
Actively bidding for new projects.
Not only that, China Global is currently bidding for some larger-scale projects with a total value of 3.7 billion ringgit, mainly in China and Malaysia. These projects involve infrastructure construction, electrical utilities supply, and other multiple areas. If these projects are successfully secured, the company's future revenue growth potential is immeasurable.
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