PETALING JAYA: MN Holdings Bhd can expect a RM1.2mil boost to its profit after tax (PAT) over financial year 2026 (FY26) and FY27 after its recent contract win. MN Holdings, via a consortium, secured a TNB contract to upgrade the 132kV submarine power cable system between Kuala Perlis and Langkawi, adding an effective RM17.7mil to its order book. TNB’s projects currently account for 44% of MN Holdings’ total order book. This contract marks MN Holdings’ second TNB contract win in FY26, bringing year-to-date (y-t-d) new wins to 7.7% of Phillip Capital Research’s RM600mil order replenishment assumption for FY26. Both Phillip Capital Research and Maybank IB retained their earnings forecast for MN Holdings, as the contract win aligns with their existing assumptions.

Source: The Star December 28, 2025 23:30 UTC