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“As of May 29, its substantial order book of RM447.6 million (2.7 times revenue for the financial year ended June 30, 2023) will keep the group busy for the next two years.
“Additionally, it has tendered for projects with a total value of RM820.4 million, comprising of 75% substation engineering and 25% underground utilities engineering.
“Given the robust order book and ample replenishment opportunities, we anticipate strong earnings growth for MN Holdings,” Rakuten said.
MN Holdings Bhd (KL:MNHLDG) has partnered with a unit of China’s largest construction and real estate conglomerate to explore collaborations in power industry projects, including data centre, solar and independent power plant sectors.
The MOU is available for inspection at the registered office of MNHB at B-21-1, Level 21, Tower B, Northpoint Mid Valley City, No 1, Medan Syed Putra Utara, 59200 Kuala Lumpur, W.P. Kuala Lumpur, during normal business hours on Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement.
KUALA LUMPUR (Dec 5): MN Holdings Bhd's (KL:MNHLDG) contract wins and financial performance in its current financial year are expected to hit a new record, supported by strong order book and record-breaking tender prospects, said Phillip Capital.
“We believe MN is on track for FY2025 (financial year ending June 30, 2025) surpassing FY2024 new contract wins of RM349 million,” said Phillip Capital in its latest company note.
The group’s tender book reached an unprecedented RM1.2 billion as of ....
PETALING JAYA: MN Holdings Bhd appears well positioned as a proxy for Malaysia’s increasing power demand, benefitting from Tenaga Nasional Bhd’s (TNB) capital expenditure (capex) upcycle.
Disposal of 6,000,000 ordinary shares via direct business transactions to institutional funds.
Disposal of 3,000,000 ordinary shares via direct business transactions to institutional funds.