Latest news with #MNHoldingsBhd
The Star
27-05-2025
- Business
- The Star
MN Holdings wins RM53mil data centre job
PETALING JAYA: MN Holdings Bhd (MNHB) has accepted a letter of award (LoA) from a customer that provides data centre services, worth RM52.5mil. In a filing with Bursa Malaysia, the infrastructure utilities construction services and solutions firm said the contract involves design, supply, installation, maintenance, testing and commissioning for Phase 2 of a consumer landing station (CLS) for a data centre located in the Southern Region of Malaysia. 'The scope of works comprises design, supply, installation, testing and commissioning of all substation equipment and associated civil works for the expansion phase of the CLS.' Separately, MNHB announced that its net profit for the third quarter ended March 31, 2025 rose to RM16.5mil from RM4.7mil in the previous corresponding period, while revenue surged to RM127.42mil from RM51.11mil a year earlier. For the nine-month period, its net profit grew to RM36.16mil from RM12.78mil in the previous corresponding period, while revenue rose to RM356mil from RM181.18mil a year earlier.
New Straits Times
27-05-2025
- Business
- New Straits Times
MN Holdings' earnings more than doubles in Q3
KUALA LUMPUR: MN Holdings Bhd's net profit more than doubled to RM16.5 million in the third quarter ended March 31, 2025 (3Q25), from RM4.7 million a year ago, on the back of higher revenue. Its quarterly revenue rose to RM127.42 million from RM51.11 million previously, mainly contributed from the substation engineering segment, which increased 248 per cent to RM97.09 million. The company registered higher earnings per share of 3.01 sen compared to 1.12 sen in 3Q24. For the nine-month period (9MFY2025), MN Holdings' net profit increased to RM36.16 million from RM12.78 million a year ago, while revenue rose to RM356.01 million from RM181.18 million previously. The growth was driven by accelerated project execution and higher billings, particularly from the substation engineering segment, which continued to anchor the group's top-line expansion by a 98 per cent increase to RM211.19 million. The company declared a second interim dividend of 0.10 sen per share, reflecting the confidence in its consistent performance and positive earnings trajectory. MN Holdings managing director Datuk Clement Toh said the record performance this quarter reflects its disciplined execution and deep capabilities across key infrastructure segments. He added that with continued demand for energy-related projects, from power distribution to data centres and renewable energy facilities, the company is well-positioned to deliver value and meet Malaysia's evolving infrastructure needs. "Backed by a healthy order book and growing exposure to high-demand segments such as data centres, solar interconnection, and battery energy storage systems, we are confident in sustaining our growth trajectory," he said in a statement. As at March 31, 2025, MN Holdings recorded a robust financial position, with net assets per share at RM0.32 and cash and short-term investments totalling RM73.94 million. Its outstanding order book stood at about RM1.1 billion, providing clear revenue visibility over the next 24 to 36 months.
New Straits Times
15-05-2025
- Business
- New Straits Times
MN Holdings to focus on power-related infrastructure upgrades: Maybank IB
KUALA LUMPUR: MN Holdings Bhd's upcoming projects will largely focus on power-related infrastructure upgrades, Maybank Investment Bank Bhd (Maybank IB) said. These are supported by structural trends like Tenaga Nasional Bhd's grid modernisation, increasing data centre demand, and the expansion of semiconductor-related infrastructure. On Wednesday, MN Holdings announced that it had secured a RM37.9 million contract for engineering, procurement, construction, installation, testing and commissioning works involving transmission lines for a waste-to-energy facility in the central region. "This contract win lifts MN Holdings outstanding order book to RM1.2 billion, equivalent to 4.7 times its financial year 2024 revenue. "We have assumed a RM500 million new job win for financial years 2025 to 2027," it said. Maybank IB noted that MN Holdings is steadily broadening its involvement in utility-related projects, which could act as a catalyst for long-term growth. The group is actively pursuing and carrying out projects involving sewerage systems, water pipelines and flood mitigation infrastructure. "Of the RM662 million in jobs secured year to date, 60 per cent is attributed to data centre projects, and this momentum is expected to continue," Maybank IB added.
The Star
15-05-2025
- Business
- The Star
Trading ideas: MN Holdings, VSTECS, Sunway REIT, Steel Hawk, Sapura Energy, Yinson
KUALA LUMPUR: Stocks likely to draw trading interest today due to their latest developments include MN Holdings Bhd , Vstecs Bhd , Sunway Real Estate Investment Trust (Sunway REIT), Steel Hawk Bhd , Sapura Energy Bhd , and Yinson Holdings Bhd . Sunway REIT reported a 20% increase in net property income (NPI), rising to RM157.2mil in the first quarter ended March 31, 2025 (1Q25) from RM130.5mil in 1Q24. It recorded a 23% year-on-year increase in revenue to RM218.9mil for 1Q25, compared to RM178.6mil in the year-ago quarter. MN's wholly owned subsidiary, Mutu Nusantara Sdn Bhd, has secured a RM37.9mil contract from a customer providing civil engineering and electrical works. Steel Hawk reported a net profit of RM8.2mil in the first quarter ended March 31 (1Q25), more than double the amount from the previous year. Revenue surged over 2.5 times to RM52.5mil. Sapura Energy is finalising a regularisation plan to exit its PN17 status, which includes a RM1.1bil fund-raising initiative, debt restructuring, and capital reconstruction. The plan aims to improve the company's financial and operational standing, with a focus on long-term sustainability and profitability. In 1Q25, VSTECS' net profit rose 24% to RM17.7mil, or earnings per share of 5.00 sen compared with RM14.3mil, or 4.00 sen in the year-ago quarter. Revenue for the quarter rose to RM691.7mil against RM616.4mil. Yinson has set the issue price for its dividend reinvestment plan shares at RM2.29, a 19.3% premium to the ex-dividend VWAP. The company also declared a final single-tier dividend of one sen per share for the financial year ending January 31, 2025.
The Star
14-05-2025
- Business
- The Star
MN Holdings secures project worth RM38mil
PETALING JAYA: MN Holdings Bhd has secured a project worth RM37.91mil for civil engineering and electrical works. In a filing with Bursa Malaysia, the utilities service provider said it could not name the other company involved as it has not provided consent for disclosure. The project runs from May 14, 2025 to March 31, 2027. The project, which was awarded to its wholly owned subsidiary, Mutu Nusantara Sdn Bhd, consists of the design, engineering, procurement, construction, installation, testing and commissioning of a waste to energy interconnection facility's transmission lines located in the central region of Peninsular Malaysia. The project would not have any effect on the issued share capital and the shareholding of the substantial shareholders of the company. 'However, the letter of acceptance is expected to contribute positively to the future earnings and net assets per share of the company upon commencement of the project.'
