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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.
Selling to INSTITUTIONAL FUNDS AGAIN......
The company’s managing director Datuk Toh Eng Keat, plus two executive directors Datuk Loy Siong Hay and Datuk Dang Siong Diang, have collectively sold 18 million shares, equivalent to a 3.73% stake, to institutional funds via a direct business dea https://theedgemalaysia.com/node/740177
As of January 28, 2025, MN Holdings Berhad (MNHLDG) is trading at RM1.01, with a 52-week range between RM0.58 and RM1.31.
Technical indicators from TradingView suggest a "Buy" rating for MNHLDG, with a "Strong Buy" signal over the next month.
Fundamentally, the stock appears slightly undervalued. Alpha Spread estimates its intrinsic value at RM0.959, about 3% below the current price. Analysts project a 1-year price target of RM1.652, indicating potential upside.
MN Holdings Announces STRONGEST-EVER PROFIT After Tax of RM12.7 Million in Q2 FY2025
Sustained Momentum Driven by Strong Order Book and Expansion in Key Infrastructure Segments
KUALA LUMPUR, 20 FEBRUARY 2025 –
MN Holdings Berhad
(“MN Holdings” or the “Group”), a leading infrastructure utilities construction and engineering solutions specialist in Malaysia, is pleased to announce the financial results for the second quarter ended 31 December 2024 (“Q2 FY2025”) with a record Profit After Tax
KUALA LUMPUR: MN Holdings Bhd - via its subsidiaries MN Power Transmission Sdn Bhd and Mutu Nusantara Sdn Bhd - has secured a RM137.8mil contract from Tenaga Nasional for the installation of a new transmission main intake (PMU) 275 kilovolt (kV) Kenyir Switching Station Gas Insulated Substation (GIS) in Terengganu.
Hong Leong Investment has reiterated its ‘buy’ call on MNH, with a higher target price (TP) of RM1.74 per share, up from RM1.54. https://theedgemalaysia.com/node/752065
生意兴隆KUALA LUMPUR (May 2): MN Holdings Bhd (KL:MNHLDG) said its joint venture (JV) with Protech Builders Sdn Bhd has secured a sub-contract worth RM49.99 million for the mechanical, electrical and plumbing fit-out works of a data centre.The sub-contract was awarded by Gamuda Engineering Sdn Bhd, a wholly owned subsidiary of Gamuda Bhd (KL:GAMUDA), said the underground utilities and substation engineering specialist in a filing with Bursa Malaysia onFriday.https://theedgemalaysia.com/node/753803
Maybank joins Hong Leong Investment Bank and Phillip Capital in issuing ‘buy’ calls on MN Holdings. The average target price is now RM1.70, according to the three houses tracked by Bloomberg, suggesting a potential return of up to 32% in the next 12 months from the current price.
The scope of works of the awarded contract shall include the design, procurement, supply, factory acceptance tests, delivery, installation, construction, testing and commissioning and the timely and due execution and completion of all requisite works relating to or in connection with the Project (“Works”).
The contract price for the Project shall be the amount of RM37,914,500.00 (Ringgit Malaysia Thirty Seven Million Nine Hundred Fourteen Thousand and Five Hundred only).
KUALA LUMPUR: MN Holdings Bhd's upcoming projects will largely focus on power-related infrastructure upgrades, Maybank Investment Bank Bhd (Maybank IB) said.