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LSS5 (2GW) and LSS5+ (2GW) solar tenders represent up to RM5.9b of EPCC opportunities to be awarded in 2026. While MBRIGHT isn't a pure solar EPCC name, their renewable energy diversification thesis aligns with the broader RE momentum.
As Malaysia's EV adoption inflects (more EV launches by Proton, Perodua entering EV space, government incentives extended), charging utilization should scale.
MBRIGHT disposed of its Australian unit and proceeds were used for borrowing repayment and to fund local growth. That's disciplined capital allocation, exit underperforming/non-core geography, deploy capital into higher-growth domestic themes (EV, SME lending). The kind of management discipline that signals long-term thinking.
Beyond EV charging, MBRIGHT also has a growing SME lending arm. SME financing is structurally underserved in Malaysia, traditional banks are conservative on smaller ticket sizes, fintech lenders fill the gap.
