1.This is not intended to rub salt in a wound. Months ago, you have been forewarned with extensive analysis supported by facts and numbers. On hindsight, it is better to abandon *m* for M. 2. Wise up, be aware and take appropriate actions. Trade wisely 31/8/2023
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.
Another new contract won , 40mil worth of job and new customer ( subsidiary of Lagenda ) , This is second jobs wins in this month and I believe the order book value should be close to RM 400mil now .. very encouraging sign , good job and wish to hear more good news soon ..
Third contract in a month ... another RM18.5 Millions worth of jobs .. management is working hard to get more business , good job .. hope to hear more good news soon ..
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.”
***Managing director Loy Siong Hay said the completion of the data center projects would allow the group to recognised substantial earnings contribution from these projects.*** - The Star 30082023
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
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....
BursaKakis
448 posts
Posted by BursaKakis > 2023-07-20 07:03 | Report Abuse
Global Data Centre Growth Unperturbed By Energy Constraints
https://www.businesstoday.com.my/2023/07/19/global-data-centre-growth-unperturbed-by-energy-constraints/