PETALING JAYA: MN Holdings Bhd
(MNH) is a key proxy of Malaysia’s rising energy demand, given its track record in executing Tenaga Nasional Bhd’s (TNB) utility infrastructure projects with strategic exposure to both solar and data centres (DCs).
Phillip Capital Research in a report said the group’s earnings growth trajectory will be further enhanced by TNB’s anticipated RM90bil capital expenditure plan over the next five years and also MNH’s move to broaden its portfolio into solar and DCs.
