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MTEC is quite interesting actually. With the RM109m TNB contract extension and around RM321m outstanding order book, at least there is some earnings visibility moving forward. Q2 results also showed decent growth, and with all the ongoing data centre developments and power infrastructure upgrades in Malaysia, cable demand should remain supported. If they can continue delivering good quarterly results, MTEC might slowly get more attention from the market. Worth keeping an eye on.
Malaysia data center and power infrastructure project still got potential, if can convert those opportunity into earning might get more attention from market
MTEC looks interesting with growing demand from infrastructure, data centres and power grid upgrades. Q2 revenue grew 34% YoY, while the RM109.5 million TNB contract extension provides better earnings visibility. If this momentum continues, definitely one to keep an eye on.
MTEC could benefit from its RM109.5 million TNB cable contract extension, which strengthens earnings visibility while positioning the group to ride Malaysia’s ongoing power grid and infrastructure expansion.
