“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控股订单写新高

丰隆投行分析员认为，这个合约将MN控股2025财年的订单量推向5亿6800令吉的历史新高。

报告进一步称，有消息指，这家数据中心营运商打算在柔佛建设新设施。

“MN控股一向来为该客户建设CLS 与地底管道，因此我们认为该公司将成为未来新项目的先行者。”
https://www.enanyang.my/node/615595

DOCUMENT AVAILABLE FOR INSPECTION

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.

DIVERSIFICATION TO REDUCE RISKS
（吉隆坡12日讯）RL能源（RL，0219，创业板）与MN控股（MNHLDG，0245，创业板）双双通过子公司，签署谅解备忘录（MOU），探讨在再生能源领域展开合作。

根据文告，双方将通过本次MOU，互相探讨在商业上进行合作，尤其是再生能源领域，包括但不限于太阳能、生物气体和生物质。

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.

The company is poised to secure potential contracts from key clients such as Customer A, Customer C, TNB, Sarawak Energy Bhd and others.
https://www.thestar.com.my/business/business-news/2024/12/12/mn-holdings-key-beneficiary-of-tnbs-capex-upcycle

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.

Key financial metrics show improvement:

Net Turnover: Increased from RM104 million in 2022 to RM256 million in 2024.

Net Profit: Rose from RM5.5 million in 2022 to RM16.9 million in 2024.

Operating Margin: Improved from 8.24% in 2022 to 10.2% in 2024.

Return on Equity: Increased from 10.98% in 2022 to 17.85% in 2024.




These trends suggest strengthening financial health.

In summary, both technical and fundamental analyses indicate a positive outlook for MNHLDG.

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