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construction sector tailwind active, RM470m OB providing visibility, manufacturing arm scaling with e-commerce, director buying confirms conviction. This is exactly the kind of 'boring' name that compounds while flashier counters get attention.
Every parcel needs shipping labels, tape, packaging stickers. CGB's new production line coming online in 2026 captures this volume. Add the food packaging label demand (FMCG growth) and we're talking about a structural high-volume business with sticky customer relationships.
Construction was the top-performing index on Bursa last Thursday (+0.84% session). With RMK-13 capex flowing, MRT3 tendering, data centre construction boom (US$3.71b → US$7.74b by 2031, CAGR 15.88%), and Johor SEZ infrastructure inflows, small construction names with real order books are being re-discovered.
this isn't a moonshot name, it's a steady compounder. Construction order book provides earnings floor; manufacturing provides growth optionality; insider buying provides confidence.
With RM470m unbilled order book and active tendering, the next 4–6 quarters of revenue look reasonably locked in. The margin trend is what to watch now
