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PETALING JAYA: MN Holdings Bhd could see gains from any further infrastructure contract handouts moving forward.
According to Maybank Investment Bank Research (Maybank IB), the company is directly exposed to the grid investment cycle and renewable energy push in the country.
The research house raised MN Holdings’ 2026 to 2028 net profit expectations by up to 12%, anticipating an accelerated full recognition from a data centre project in 2026 and stronger job wins in the medium term.
The research house noted MN is seen to be a direct beneficiary to Budget 2026’s grid and renewable energy push.
