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
