KUALA LUMPUR, 18 May 2026 – RHB Research has maintained its positive earnings outlook on MGB Berhad and raised its target price to 63 sen from 60 sen, reinforcing confidence in the construction and property player’s order book visibility, overseas project contributions and improving margin profile.
The research house reiterated its “buy” call on the stock, with the higher target price reflecting improved assumptions following MGB’s first-quarter performance and its current project pipeline. MGB’s outstanding order book stood at approximately RM1.25 billion as at the end of the first quarter of 2026, compared with RM1.2 billion a year earlier, giving the Group earnings visibility over the medium term.
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