Support: RM0.835, RM0.850
Resistance: RM0.890, RM1.000
Our technical indicator had flagged Central Global as a potential buy due to the consistent liquidity and accumulation in action as represented by the red bars below. Currently, Central Global is standing strong on the RM0.850 level, and well above the key EMAs of 5/20/50, we foresee the stock to continue to challenge its’ other resistance level of RM0.890, and ultimate mid-term resis...

Central Global Berhad (CGB) is making moves to strengthen its presence in East Malaysia with its latest property acquisition in Sabah.
Through its wholly-owned subsidiary, RYRT International Sdn. Bhd., CGB has purchased a four-story office and showroom in Kota Kinabalu for RM19.5 million. This acquisition is part of CGB’s broader strategy to boost its profile as a leading construction group in the region.
The property, located...

Following our previous writing, Central Global Bhd (CGB) had successfully secured a very big size contract which will change the fundamentals of the company going forward.
Just today, CGB accepted a Letter of Award (LoA) from Pembinaan Urusmesra Sdn Bhd, for a significant contract valued at RM616.4 million for the construction work of Pan Borneo Sabah Phase 1B (Lahad Datu — Kg. Sandau) Work Package 22.
This contract is expected to sta...

Key Support Level: RM0.870
Resistance Level: RM0.930, RM1.000
After a significant spike in share price by Central Global Bhd (CGB), we see a retracement today back onto the key support level of RM0.870. We believe the spike in share price has contributed to anticipation of better fundamentals of CGB ahead. Nevertheless, by the second half of the trading day, we see selling pressure subsided, and the RSI shows a convergence for potential consol...

To say the least, 2024 has been a turbulent year for investors, with many stocks experiencing significant gains followed by notable retracements (such as Notion, Genetec, etc.), driven by shifts in investor sentiment.
Amidst this backdrop, CGB, one of the stocks that has always been on my watchlist, saw a spike of 30.86% in a single trading day today, resulting in a YTD return of 84.01%, outperforming a great deal of companies on Bursa Mal...

#bursamalaysia #klse #malaysiastock