Unless otherwise defined, the definitions set out in the announcements dated 16 January 2024 in relation to the Private Placement shall apply herein.
On behalf of the Board of Directors of MNHB, M&A Securities is wishes to announce that the Company has fixed the second tranche issue price of the Placement Shares at RM0.7173 each.
The aforementioned issue price of RM0.7173 per Placement Share represents a discount of approximately RM0.0795 or 9.98% from the 5-day weighted average market price of MNHB from 14 May 2024 to 20 May 2024 of RM0.7968 per Share.
+extra thinking must come- beside related DC biz, how about property prices nearby, etc. If selangor can built 2nd IC design zone, another great news, must train local ppl to work upstream so income can go up. Our competitor should be TAIWAN!
Today, the entire world knows this, DC THEME.PLAY is the v CORE in play on klse. this best biz will go on for yrs.
Tenaga will grow much bigger when the many DC r up n consuming. For now its news flow play. Mahsing is super clever to do DC biz too, so is simeprop n more r coming soon...
Building the DC complexes is 1st direct to profit. power usage will come last. the sub con n suppliers stocks to DC, shd grow 1st. being small they will show big growth n so to super flying stock prices...
MNHLDG stock mkt is the most efficient machine. it reads n tells what's the best biz of the cycle in the country. every stock players now know that there r 3 best n they r i. Property Theme ii. Power n Solar RE Theme iii DC Theme, the best in the entire world now.
Mnhldg has increasing biz in all of the above 3 Themes. Isn't this a wonderful co?
Congratulations to shareholders! Definitely a worthy investment in companies at are directly involved in EE segment. As renewable energy segment matures, mid-down stream service providers are to reap the benefits!
HLBank Research Highlights MN Holdings (Initiation) - Sparking the Future of Power
HLInvest Publish date: Fri, 07 Jun 2024, 11:06 AM We initiate coverage on MNH with a BUY recommendation and TP of RM1.12, based on 18x P/E on FY25 earnings.
⭐ The group’s strong track record in serving Tenaga, data centre owners, and solar EPCC contractors positions it as a strong contender for upcoming power infrastructure projects.
⭐ Unlike industries such as property and manufacturing, DCs consume substantial amounts of electricity for their server and cooling system operations. With the continued influx of DC investments and the growth of AI-driven DC, this sector will necessitate enormous power supply and infrastructure.
⭐ Apart from DC, the anticipated expansion in power infrastructure driven by the growth of the solar, E&E, and EV sectors is set to further enhance the group’s earnings outlook.
⭐ The solar sector, in particular, is expected to be a strong catalyst for boosting MNH’s order book, given the projected robust growth in RE capacity until 2050.
⭐ With a robust order book valued at RM447.5m, we project MNHLDG’s FY23-24 core PAT to register a strong CAGR of 32.8%.
⭐ We view the stock as a good proxy to capitalize on Malaysia’s growing power infrastructure, which is poised for multi-year growth.
Sam, HLIB
Source: Hong Leong Investment Bank Research - 7 Jun 2024
If the upward momentum continues, and the stock can maintain its current trendline, the price could potentially reach or exceed 1.0 units by the end of 2024. Continued high trading volume and positive news could drive the price further upwards, potentially establishing new highs. Bearish Scenario:
If the stock faces resistance around the 0.9 units level and fails to break through, it might experience a pullback to the previous support levels (0.8 or 0.7 units). A decline in volume or negative market news could trigger a bearish trend, leading to consolidation or a downtrend. Sideways Movement:
The stock might consolidate between 0.8 and 0.9 units if the market lacks clear directional catalysts, leading to a sideways trading pattern. Prediction Based on Current Trend Given the current uptrend and assuming no significant adverse events, the stock price could reasonably be expected to approach or exceed 1.0 units by the end of 2024. However, this is contingent on maintaining current momentum and market conditions remaining favorable.
12. KUALA LUMPUR (June7): Hong Leong Investment Bank (HLIB) has initiated coverage on MN Holdings Bhd (KL: MNHLDG) with a “buy” rating at 77 sen and target price (TP) of RM1. 12, based on 18x P/E on FY25 earnings.1 day ago
Market superbullish surrounding power segment driven by data center.. Market expectation more job reward for the construction of substation, cabling or switching...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
troy88
3,016 posts
Posted by troy88 > 2024-05-17 12:46 | Report Abuse
Fantastic. On bull run now to show what this underrated gem was capable of. Good riddance to the naysayers