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8052 CGB

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  • 0.880
  • +0.005+0.57%
15min DelayNot Open Mar 13 16:50 CST
675.19MMarket Cap440.00P/E (TTM)
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    Good morning .
    • Fourth consecutive profitable quarter with improved margins. CGB reported a net profit of RM1.05 million in Q4 2024, marking its fourth straight quarter of profitability, a significant turnaround from the loss of RM44.75 million in Q4 2023 largely due to kitchen sinking. This sustained positive performance highlights management’s focus on cost efficiencies, project execution, and operational discipline....
    $CGB (8052.MY)$ CGB has expanded its reach to over 30 countries, serving more than 110 international partners. Between FY21 and FY23, the manufacturing and trading segment contributed RM50–60 million annually to the company's revenue, with exports accounting for 35–45% of this segment's total revenue. With the local market reaching saturation, CGB plans to strengthen its presence in international markets, positioning exports as a key driver of revenue growth in the long term.
    $CGB (8052.MY)$ CGB currently has an annual production capacity of 30.0 million m². According to market insights, the company is recognized as the leading industrial tape manufacturer in Malaysia, holding an estimated 80% share of the local high-temperature masking tape market.
    CGB's core net profit is projected to reach RM9.9 million in FY25F, RM27.0 million in FY26F, and RM36.2 million in FY27F. This growth will likely be driven by:
    1. The recovery of the manufacturing and trading segment, supported by the addition of a new plant with more efficient machinery.
    2. The progressive recognition of the RM729.49 million outstanding order book.
    3. An assumed annual order book replenishment of RM600.0 million for FY26F and FY27...
    $CGB (8052.MY)$ The prospects for orderbook replenishment remain strong for CGB. With a substantial tender book valued at RM5.59 billion spanning over a dozen construction projects, I believe that CGB will secure approximately  RM600.00 million in new orders for FY25F. Additionally, the establishment of a physical office in Sabah will strengthen its foothold in East Malaysia and win more projects there.
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