Citaglobal shares hit two-year high after RM82mil contract win
KUALA LUMPUR: Shares of Citaglobal Bhd climbed to a two-year high on Monday after the group secured an RM82.1 million design-and-build subcontract, lifting its outstanding pro forma order book to RM1.5 billion.
KUALA LUMPUR: Citaglobal Bhd's shares reached a two-year high on Monday following the acquisition of an RM82.1 million design-and-build subcontract. This boost propelled the company's outstanding pro forma order book to RM1.5 billion as of June 30, 2026. At 10:46am, the stock price surged 12 sen, or 11.32%, to RM1.18, with a trading volume of 1.52 billion shares, making it the 10th most actively traded counter on Bursa Malaysia.
The engineering and construction firm opened the day at RM1.16, up 10 sen, or 9.43%, from its prior close of RM1.06, reaching a morning peak of RM1.22. With a market capitalization of RM652.35 million, Citaglobal has seen a 26.2% year-to-date gain. The company specializes in civil engineering, construction, property development, renewable energy, environmental management, telecommunications, manufacturing, and financial services.
On September 11, Citaglobal announced the acquisition of the RM82.1 million design-and-build contract for a new residential college at the Institut Pendidikan Guru Bahasa Melayu, part of a government education sector development initiative implemented via the Public Works Department.
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