Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
大展宏图
HAVING gained a foothold in the data centre (DC) segment, MN Holdings Bhd (KL:MNHLDG) is aiming for LARGER infrastructure contracts in Malaysia through partnerships with overseas players.
This is expected to drive the group’s next phase of GROWTH, following an upswing in its earnings and revenue since its flotation in April 2022 at 21 sen per share, says managing director Datuk Clement Toh Eng Keat. https://theedgemalaysia.com/node/804380
TP: 2.90
KUALA LUMPUR: Affin Hwang Investment Bank Bhd expects MN Holdings Bhd to deliver strong earnings growth in financial year 2027 (FY27), supported by a robust order book.
KUALA LUMPUR: Three MN Holdings Bhd directors have collectively sold RM28 million worth of shares to institutional funds through off-market transactions, about two weeks after the company secured approval for its proposed transfer to Bursa Malaysia's Main Market.
CONGRATS 双喜临门
PETALING JAYA: MN Holdings Bhd has secured a contract from Tenaga Nasional Bhd for the installation of a new double-circuit 132 kilovolt (kV) underground cable from PMU Tasek Gelugor to PMU Bertam, worth RM122.31mil.
Looking ahead, HLIB Research said a large part of MN’s record RM3.6bil tender book, particularly the RM2.3bil TNB portion, has been outstanding for six to eight months, with several awards potentially nearing conclusion. “MN has secured two TNB contracts worth RM116mil in FY27 to date, and we expect more wins over the remainder of FY27.”
PETALING JAYA: MN Holdings Bhd’s wholly-owned subsidiary, MN Utilities Engineering Sdn Bhd, together with Pembinaan Tajri Sdn Bhd, have secured a contract from Tenaga Nasional Bhd to install a new 275 kilovolts (kV) underground cable system worth RM67.32mil.
The research house has maintained a “buy” call on the stock with a target price of RM4.57 pegged to an unchanged 24 times price-earnings multiple on fully diluted 2027 earnings per share.
The pipeline across national electricity utility Tenaga Nasional Bhd (KL:TENAGA), data centres and solar projects is larger than expected, with record-high tenders worth RM5 billion submitted by MN Holdings, according to Hong Leong Investment Bank.