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
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