MN Holdings’ Shares Edged Up In Early Trade


KUALA LUMPUR: MN Holdings Bhd’s share price edged up in the early trading session after its wholly-owned subsidiary, MN Power Transmission Sdn Bhd bagged a contract worth RM86 million from Tenaga Nasional Bhd (TNB).

At 10.30 am, MN Holdings’ shares inched up half-a-sen to 94.5 sen, with 2.83 million shares traded.

In a filing with Bursa Malaysia yesterday, the company said the contract entails the supply, erection, and commissioning of a 132/11-kilovolt Gas Insulated Substation in Pahang, including remote end substations work, complete with relevant secondary and ancillary equipment, as well as associated civil works.

In a note today, Hong Leong Investment Bank Bhd said with the new contract, MN Holdings’s order book has reached an all-time high of RM654.5 million.

‘We anticipate more contract awards in the coming months, particularly from the corporate green power programme side.

‘We raised our financial year of 2025/2026 (FY2025/2026) forecasts by six per cent, incorporating higher contract wins assump
tion of RM320 million for FY2025,’ it said.

Source: BERNAMA News Agency

  • malaysiang

    Related Posts

    Gold Futures Close Higher After Fed’s Bumper Rate Cut

    KUALA LUMPUR, The gold futures contract on Bursa Malaysia Derivative ended higher following the expected interest rates cut by the United States Federal Reserve (Fed), analysts said.

    Gold is priced in US dollars globally and when interest rates are …

    UNESCO-listed rice-fish-duck ecosystem benefits SW China’s Guizhou

    GUIYANG, China, Congjiang County, southwest China’s Guizhou Province, home to many ethnic groups, inherits an ancient and charming traditional Chinese agriculture — vast expanses of mountain slopes carved into rice paddies where rice, fish and ducks…