Sikit sikit jadi bukit- order book 444.5m and counting ! Can either be a sour grape, or buy !

KUALA LUMPUR: MN Holdings Bhd via its wholly-owned subsidiary MN Power Transmission Sdn Bhd has secured a contract from Samaiden Sdn Bhd for the engineering, procurement, construction and commissioning (EPCC) work for a large solar scale photovoltaic (LSSPV) plant in Kulim for RM26mil.

In a statement, the underground utilities and substation engineering specialist said its unit had been appointed a sub-contractor for the 50 mega-watt alternating current (MWac) LSSPV plant.

MN Power will be responsible for the EPCC of a step up station interconnection facilities, NUR interconnection facilities and related peripheral system for 50 MWac LSSPV energy generating facility for Nur Renewables Sdn Bhd.

The contract is for a period of 11 months from April 2024 to February 2025.

Datuk Dang Siong Diang, executive director of MN Holdings, said the company’s substation engineering segment continue to achieve a strong replenishment rate.

“The announcement of the corporate green power programme (CGPP) award totalling 563.42MW and the roll out of the National Energy Transition Roadmap (NETR) last year have somewhat benefit MN Group as some of our clients are the successful selected solar power producers under the CGPP.

"With the recent opens bidding for LSS5 programme or LSS - Peralihan Tenaga SuRiA by the Ministry of Energy and Water Transformation through the Energy Commission offering a total generation quota of 2,000MW, we anticipate more substation engineering projects to come in,” he said.

With the latest win, MN Holdings' order book has risen to RM444.5mil.

The group said the secured contracts are expected to positively impact its earnings over the next two to three financial years, barring any unforeseen circumstances.

Onwards and upwards !

KUALA LUMPUR: MN Holdings Bhd's wholly-owned subsidiary MN Power Transmission Sdn Bhd has secured a RM17.6mil contract for the supply and commissioning of the transmission main intake 275/132kV Pasir Gudang Power Station Extension (2x275kV Overhead Lines (OHL) Bays) in Johor from Tenaga Nasional Bhd.

The Board of MNHB wishes to announce that MNHB and DCS have mutually agreed to extend the MOU period for a further period of 12 months commencing from 1 April 2024, and the last day shall fall on 31 March 2025 (“Extension”). Subsequently, the Parties entered into a Supplementary MOU on 3 April 2024.



In conjunction with the Extension, MNHB wishes to inform of the following developments with regards to the Cooperation Project as reported by DCS:



1. DCS is progressing with the initiation of the Sedenak Tech Park Data Centre according to the established schedule, with the comprehensive design now finalized.



2. The detailed power supply design for the first and second phases have been completed, and the scope of work for both parties remained unchanged.



The Company will make the relevant update announcement(s) if there is any additional agreements or contract documents to be entered into subsequently, subject to mutual agreement from the Parties.



This announcement is dated 3 April 2024.

Not just another MOU? Appears to have concrete progress

MN Holdings Bhd has appointed Tenaga Nasional Bhd's former chief executive officer Datuk Seri Baharin Din as its new independent non-executive chairman, effective from today.

More projects from TNB to come !!!

On behalf of the Board of Directors of MNHB, M&A Securities wishes to announce that the Company has fixed the issue price of the Placement Shares at RM0.5955 per Placement Share.



The aforementioned issue price of RM0.5955 per Placement Share represents a discount of approximately RM0.0657 or 9.94% from the 5-day volume weighted average market price of MNHB from 9 February 2024 to 16 February 2024 of RM0.6612 per Share.

Very nice ! :))

Think it's time for another climb for MI !

It’s been sideways a loooong time. Perhaps it’s time to move soon?

MN Holdings secures RM98mil contract for data centre works

if caught in the beginning of 2021, sure mi kosong edy now !

the US interest rates has more or less peaked, once it starts reversing, tech will start on the opposite direction. There's an inverse relationship between tech and US interest rates. This coupled with MI's growth potential and favorable valuation, we're looking at one helluva potential upside next year !

dahsyat ! this market maker really determined to squeeze every drop of blood out of stone...

stars aligning...

“the renewable energy group said it is expected to comply with Bursa's Bumiputera equity condition by March 31, 2024, as it has met the profit requirement for companies seeking listing on the Main Market of Bursa Securities”

KUALA LUMPUR (Nov 16): Sunview Group Bhd, which made its ACE Market debut in October last year, has proposed to issue up to 73.55 million new shares to identified Bumiputera investors, in order to comply with Bursa Malaysia's listing requirements.

In a Bursa Malaysia filing on Thursday, the renewable energy group said it is expected to comply with Bursa's Bumiputera equity condition by March 31, 2024, as it has met the profit requirement for companies seeking listing on the Main Market of Bursa Securities, based on its audited profit after tax of RM13.01 million for the financial year ended March 31, 2023 (FY2023).

Under the condition set by the local bourse, Sunview is required to allocate 12.50% of its enlarged issued share capital to Bumiputera investors to be approved or recognised by the Ministry of Investment, Trade and Industry within one year after achieving the profit requirement for companies seeking listing on the Main Market of Bursa Securities.

At an issuance price of 66 sen per share, the new share issuance is expected to raise about RM48.54 million. The group intends to use the proceeds to finance its working capital.

The proposed issuance is expected to be completed by the first quarter of next year.

Technically, Samaiden, Slvest and Sunview appear to have completed major corrections.

Now just hope that the coming QR results will be good to propel them to higher levels. Fingers crossed they deliver.

Hahaha…you guys can say all you want about value etc. In my 20+ years of investing, you know it’s all up to the operators.

Yes, you can talk about fundamentals (I value fundamentals too btw), but there are times where when things are hot, it could explode…look at the property sector. Why the heck do you think UEMS and IWCITY are on exorbitant valuations right now? It’s about future potential and it’s also about goreng. Heck yeah ! it’s about goreng.

Yes, at 50+ sen it appear high at the moment (partly because of its recent non stop move up). Even then it’s 22x PE. If they want to goreng, it’s one heck of an upside before I would say it’s dangerously high. (As I’ve mentioned, I believe their profits may increase by 50% or maybe even double in 2024, therefore, in terms of forward PE, it’s not horribly inflated)

Now, I’m not saying it’s going to be 70-80 sen for sure in the near term (because stocks normally move in waves and not in a straight line). I’m just saying it’s not impossible. It’s all up to the operators.

As for catching below 30? I would say, that’s quite a stretch. Maybe…if something catastrophic happens to the business !

As for me, I would start taking profit bit by bit, and not sell everything, in case the improbable does happen. Even if there is a correction, this stock has much potential for the next few years.

Good luck everyone.

just continue collecting...this is the best time for investors. Warning...don't play contra

Stocks go up in waves, so I wouldn’t discount a retracement. A strong support, should there be a retracement, would be the breakout point of 40 sen.

Good luck ! Best of profits for everyone.

I hope sunview doesn’t move yet, because I’m still waiting for mnholdings to move further before I transfer more over. I want to collect cheap prices as it is now ! Already transferred one batch last week.

Hahaha good luck !

As I mentioned in the mnholdings forum when it was roughly 30 cents, it’s about forward earnings. All it takes is one very good quarter to kick it off and a promise of similar quarters ahead, and we’ll have lift off.

Mnholdings is now 0.455 btw. And HLIB has a fair value of 0.59 for it.

Back to Sunview, the following is an excerpt from a recent article, which I will attach.

“ The research firm noted that at RM472.7mil, Sunview’s unbilled order book is among the highest among its peers. Its jobs are made up mainly of large-scale solar projects, most of which would be completed by FY24 ending March”

For full article, click on this link

https://www.thestar.com.my/business/business-news/2023/09/05/cgpp-initiative-expected-to-drive-sunview

I won’t go into the details of the mathematics. I think you can do that yourself. I think you get the point.

When your stock is an extremely hot industry, with high earnings visibility in the next few years, and you sell a big chunk of your shares? Additionally, you’re in the midst of a placement? hahaha…more than meets the eye. In any case, timelines is up to them, so be patient ! Good luck !

I shudder to think what the warrants could be. It could easily be 40+ sen before the year is out.

hahaha…sleight of hand. Hold on and you’ll see

Hope for a breakout soon
1) Based on latest press releases on Sunview, expecting high earnings in the coming quarters, with the high order book
2) 78.6% retracement in the latest trading range
3) looking like a downward wedge pattern formed with reducing volumes. Awaiting breakout with big volume for confirmation of reversal
4) Bullish divergence
5) Very low volatility
Hold on and wait for the sharks to start swimming upstream. Good luck !

A disappointment. Very low volume though. The stock looks to be cornered and within their control. Just have to wait.

After disturbing between 2.40-2.60 sharks are nicely collecting back below 2. They are saying thank you very much

hahaha amazing

suddenly all the story of more flights, more tourism gone out the window?

Over fixation on pn17

I think the question should be, how far will it go beyond the last high.

BursaKakis

Can Mnhldg breakout of historical high of 0.40 set on 14/2/2023 ?

Looking pretty interesting…

@pang72, interest may be diminishing because the risk to rewards has become less favorable at this price, and with the onset of the war, which could escalate.

The anticipated PN17 news can sometimes be a catalyst to a positive price move. However, experience also tells me that it could also be a carrot/trap dangled by sharks to distribute shares to unsuspecting investors.

End of the day, it’s the risk an investor is willing to take I guess. Good luck !

As observed, there was really something happening around the 0.76 sen region. Now that this is settled, get ready for lift off?

Reference is made to the Company’s announcements dated 30 August 2023 and 26 September 2023 in relation to the Proposed Private Placement.


On behalf of the Board, Alliance Islamic Bank Berhad (“AIS”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 12 October 2023, approved the listing and quotation of up to 46,800,000 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:


1. Sunview and AIS must fully comply with the relevant provisions under the ACE Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;


2. Sunview and AIS to inform Bursa Securities upon the completion of the Proposed Private Placement; and


3. Sunview to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.


This announcement is dated 12 October 2023.

Good luck ! Onwards and upwards !

Mnh’s business has the benefit of being versatile. It provides engineering works for various sectors.

What’s most exciting is it is in the middle of many market plays.

1) Renewable energy. TNB is going to invest billions on the grid in the coming decade. And it looks like it’s getting contracts directly from TNB as well, as opposed to being a sub con in the past. Logic tells me better margins?

2) Data centres - many many companies are setting up data centres. And mnh is in the thick of things.

3) the focus is slowly moving from China to SEA. And with factories setting up, mnh is also set to benefit.

Mnh is coming from such a small base, even getting a small bit of the pie is a massive amount.

Main threat is not having enough hands to take in all the projects. LOL

Good luck ! Onwards and upwards…💪🏻💪🏻

the profit is going to grow 50% to 100% this coming year...what do you think the price would do? Let's see...

mnh-wa has already broken out from last high...mother eventually

trading looks peculiar...as though setting average price for placement? Anyway, should be close to base I believe

Perhaps you should try one more time?



Ayong21

already said 68 times, sell and wait to buy back at 0.25.

Another important excerpt that we can infer from, of the potentially explosive increase in profits in the next few quarters.

“With the latest job win, its outstanding order book increased to a total value of RM384.27 million, which is expected to be progressively completed between 2023 and 2024.”

Confident statement in their recent press release. Excerpt as below.

Looking ahead, Mr Loy said MN Holdings is optimistic with the current FY24 performance as a few of the data center projects awarded to the Company will be completed, allowing the Group to recognised substantial earnings contribution from these projects.
“As at 30 June, MN Holdings order book stands at RM337.67 million. These secured contracts are expected to positively impact the Group's earnings over the next two to three financial years, barring any unforeseen circumstances,” he added.

t’s not too late if it really can go to 2.50 or above. It’s just taking off ! Don’t miss it Nobody catches the bottom, neither do they sell the top, unless extremely fortunate. Let’s go !!

2-2.50 coming soon? Let’s see and hope.

Good luck to all !

@kfliau, I'm no expert either, but personally I'd hold for a while if you're already in.

1) strong orderbook (how much really translates? I don't know). Plus the management seems to be confident in their guidance for the next 2-3 years. Side note, director has been buying back shares recently?

2) P/E - well that's a factor of growth, isn't it?. If the company continues with strong EPS as per previous quarter, it would be what? 36 sen at 10PE? (looking at forward PE, of course - as you know, stock prices reflect forward earnings - take tech companies for example - of course tech multiples can be astronomical and cannot be compared). Therefore, let's see whether the orderbook translates.

I agree with @trader808 in terms of having a criteria, but if one is in the stock, surely there are some good things you see in it, not only negative right? And if you're an investor, surely you would give it some time before you totally change your opinion, wouldn't you?

3) technically, it is still hovering above the uptrend line. Ideally, this would be the base or even rebound point, but only time will tell.

Yes, trader808 is right, ultimately, it's about earnings. Let's hope for the coming quarters to show positive growth.

To end, thanks again trader808, appreciate your lengthy write up and let's hope this stock delivers.

@trader808, thanks for the tuition as well. Do you happen to own this stock or rather, still have this stock in your portfolio? And does it fit into the criteria that you mentioned above? Perhaps then I can infer the next steps.

Sorry, accidentally deleted my post. As mentioned, I thank you for your views trader808. It would be great if you could recommend the next steps for humble investors like us.

If not confident with the management. Sell and move on