Latest news with #MNHoldings
New Straits Times
3 days ago
- Business
- New Straits Times
'We're not involved', says MN Holdings over MACC probe on RM180mil data centre project
KUALA LUMPUR: MN Holdings Bhd says it is not involved in a RM180 million data centre project in Johor that is under investigation by the authorities. "The company has not participated in the said project in any capacity - directly or indirectly, and therefore has no connection to the ongoing probe," it said in a statement today. "We understand that various names have surfaced or been speculated upon following the announcement of additional firms being identified. However, we wish to stress that MN Holdings Bhd is not among them. "MN Holdings remains committed to upholding the highest standards of corporate governance, ethical practices, and regulatory compliance in all its operations," it added. Last Friday, the Malaysian Anti-Corruption Commission (MACC) reportedly had remanded a manager from a construction company, along with his wife and two company directors, over suspected corruption involving procurement tenders for the construction of the RM180 million data centre. One of the suspects had purportedly tried to burn nearly RM1 million in cash to destroy evidence. Reports quoting sources said the suspect had attempted to destroy the cash out of panic following the raid carried out by MACC at his house last Thursday. A team of MACC officers discovered bundles of RM100 banknotes, amounting to nearly RM1 million, in the process of being burned in a bathroom. On Sunday, FMT said the MACC had identified two more firms that allegedly secured contracts linked to the project.
Yahoo
24-06-2025
- Business
- Yahoo
With 41% ownership, MN Holdings Berhad (KLSE:MNHLDG) insiders have a lot riding on the company's future
MN Holdings Berhad's significant insider ownership suggests inherent interests in company's expansion A total of 9 investors have a majority stake in the company with 51% ownership 15% of MN Holdings Berhad is held by Institutions AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. A look at the shareholders of MN Holdings Berhad (KLSE:MNHLDG) can tell us which group is most powerful. With 41% stake, individual insiders possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). So it follows, every decision made by insiders of MN Holdings Berhad regarding the company's future would be crucial to them. Let's delve deeper into each type of owner of MN Holdings Berhad, beginning with the chart below. View our latest analysis for MN Holdings Berhad Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. As you can see, institutional investors have a fair amount of stake in MN Holdings Berhad. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see MN Holdings Berhad's historic earnings and revenue below, but keep in mind there's always more to the story. MN Holdings Berhad is not owned by hedge funds. The company's CEO Eng Toh is the largest shareholder with 17% of shares outstanding. For context, the second largest shareholder holds about 15% of the shares outstanding, followed by an ownership of 6.9% by the third-largest shareholder. Interestingly, the second and third-largest shareholders also happen to be the Senior Key Executive and Member of the Board of Directors, respectively. This once again signifies considerable insider ownership amongst the company's top shareholders. We also observed that the top 9 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own a reasonable proportion of MN Holdings Berhad. Insiders own RM326m worth of shares in the RM789m company. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. With a 40% ownership, the general public, mostly comprising of individual investors, have some degree of sway over MN Holdings Berhad. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 2 warning signs for MN Holdings Berhad you should be aware of, and 1 of them is significant. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
The Star
18-06-2025
- Business
- The Star
MN Holdings wins RM39.59mil data centre job
PETALING JAYA: MN Holdings Bhd has secured a contract from an information technology services provider (Company A) to design, supply, install, test and commission an electrical supply system for a cable landing station of a data centre in the Southern Region of Malaysia, worth RM39.59mil. In a filing with Bursa Malaysia, the infrastructure utilities and construction services provider said it was unable to disclose the identity of Company A as the company is not agreeable to provide consent for disclosure due to the non-disclosure agreement executed by the parties, which prohibits the disclosure of information in relation to the customer without prior written consent. MN Holdings said the job commenced on April 15, 2025, with the long lead equipment delivery scheduled for Sept 30, 2025. The 'power turn-on' is expected to be on Dec 30, 2025. MN Holdings said the contract will not have any effect on the issued share capital and the shareholding of the substantial shareholders of the company. However, it said the contract is expected to contribute positively to the future earnings and net assets per share of the company upon commencement of the project.
Yahoo
30-05-2025
- Business
- Yahoo
MN Holdings Berhad Third Quarter 2025 Earnings: EPS: RM0.03 (vs RM0.011 in 3Q 2024)
Revenue: RM127.4m (up 149% from 3Q 2024). Net income: RM16.5m (up 251% from 3Q 2024). Profit margin: 13% (up from 9.2% in 3Q 2024). The increase in margin was driven by higher revenue. EPS: RM0.03 (up from RM0.011 in 3Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in Malaysia. Performance of the Malaysian Construction industry. The company's shares are up 5.6% from a week ago. Don't forget that there may still be risks. For instance, we've identified 2 warning signs for MN Holdings Berhad (1 is a bit unpleasant) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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.
