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.
PETALING JAYA: MN Holdings Bhd (MNH), a solution provider for infrastructure utilities construction industries, is liked by analysts for its strong exposure to high-growth sectors such as solar and data centres (DCs).
According to Hong Leong Investment Bank (HLIB) Research, MNH is well-positioned to become a proxy to the country’s rising power demand and benefit from Tenaga Nasional Bhd’s (TNB) capital expenditure upcycle.
PETALING JAYA: MN Holdings Bhd’s three-year revenue and net profit are expected to hit a compounded annual growth rate (CAGR) of 23% and 15% respectively over financial years 2025 (FY25) to FY28.
This would be supported by its RM1.1bil order book and robust replenishment prospects from data centres (DCs), Tenaga Nasional Bhd (TNB) and solar segments, said Phillip Capital Research. https://www.thestar.com.my/business/business-news/2025/09/26/mn-holdings-enhances-its-financial-capacity
RHB Research also noted that the 2026 Budget confirmed the implementation of the Large-Scale Solar (LSS) 6 programme, with a total capacity of nearly two gigawatts (GW) and an estimated RM6 billion in private investment.
Collectively, LSS 5, LSS 5+, and LSS 6 could bring more than six GW of solar capacity to the market, translating into approximately RM18 billion worth of engineering, procurement, construction, and commissioning opportunities.
KUALA LUMPUR (Oct 15): MN Holdings Bhd (KL:MNHLDG) will benefit directly from Malaysia’s grid investment and renewable energy push in Budget 2026, according to the stock’s most bullish analyst.
Maybank Investment Bank raised its target price for MN Holdings to RM2.27, the highest among three research houses covering the stock, and kept its ‘buy’ recommendation to reflect sustained sector momentum post-Budget 2026. https://theedgemalaysia.com/node/774155
--RM 43 BILLION TNB MARKET--
In a research note, CGS International Securities Malaysia Sdn Bhd said the CAGR was driven by the RM43 billion allowed capital expenditure (capex), nearly twice the average spent over the past three RPs. https://www.thestar.com.my/business/business-news