Kuala Lumpur, 23 December 2025 – MN Holdings Bhd rose in early trading after its subsidiary, MN Utilities Engineering Sdn Bhd (MNUE), secured a RM177.36 million (approximately EUR36.52 million) submarine power cable system contract from Tenaga Nasional Bhd as part of a consortium together with LS Cable & System Ltd (LSC) and Pembinaan Tajri Sdn Bhd (PTSB), adding RM17.7 million (approximately EUR3.64 million) to MN’s order book based on its 10% stake. Analysts said the win strengthens MN’s earnings visibility, lifting its outstanding order book to about RM881–882 million (approximately EUR181.54–EUR181.75 million) and reinforcing its position as a key beneficiary of TNB’s higher capital expenditure under Regulatory Period 4 (RP4). Both Phillip Capital and Maybank Investment Bank maintained their “buy” ratings and target prices, citing robust order replenishment momentum, strong exposure to power infrastructure, data centres and solar projects, and minimal impact on existing earnings forecasts.   Source - https://www.thestar.com.my/business/business-news/2025/12/23/analysts-upbeat-on-mn-holdings-after-tnb-submarine-cable-award   (ICE KUALA LUMPUR)

Fonte notizia: 23 dicembre 2025, Kuala Lumpur