RHB Investment Bank (RHB), in its Malaysia Results Review note today (May 14), said they expect MGB Berhad’s (MGB) 1Q24 core profit to rise 18-28% YoY(+5-12% QoQ), potentially reaching MYR14-15m (1Q23 core profit: MYR11.8m). This is amidst higher progress billings from jobs, particularly coupled with conducive labour conditions and manageable raw material prices. Looking ahead, RHB envisages […]
RHB Investment Bank (RHB), in its Malaysia Results Review note today (May 14), said they expect MGB Berhad’s (MGB) 1Q24 core profit to rise 18-28% YoY(+5-12% QoQ), potentially reaching MYR14-15m (1Q23 core profit: MYR11.8m). This is amidst higher progress billings from jobs, particularly coupled with conducive labour conditions and manageable raw material prices. Looking ahead, RHB envisages […]