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Monday, 19 October 2026

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RHB Maintains MGB Earnings Outlook, Raises Target Price to 63 Sen

By Abigail Cheong4 min read

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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Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.