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RHB Research also noted that the 2026 Budget confirmed the implementation of the Large-Scale Solar (LSS) 6 programme, with a total capacity of nearly two gigawatts (GW) and an estimated RM6 billion in private investment.
Collectively, LSS 5, LSS 5+, and LSS 6 could bring more than six GW of solar capacity to the market, translating into approximately RM18 billion worth of engineering, procurement, construction, and commissioning opportunities.
KUALA LUMPUR (Oct 15): MN Holdings Bhd (KL:MNHLDG) will benefit directly from Malaysia’s grid investment and renewable energy push in Budget 2026, according to the stock’s most bullish analyst.
Maybank Investment Bank raised its target price for MN Holdings to RM2.27, the highest among three research houses covering the stock, and kept its ‘buy’ recommendation to reflect sustained sector momentum post-Budget 2026. https://theedgemalaysia.com/node/774155
--RM 43 BILLION TNB MARKET--
In a research note, CGS International Securities Malaysia Sdn Bhd said the CAGR was driven by the RM43 billion allowed capital expenditure (capex), nearly twice the average spent over the past three RPs. https://www.thestar.com.my/business/business-news
大展宏图
KUALA LUMPUR, 16 JANUARY 2026 – MN Holdings Berhad (“MN Holdings” or the “Group”), a leading
infrastructure utilities construction and engineering solutions specialist in Malaysia, announced that its wholly owned subsidiary, MN Utilities Engineering Sdn Bhd (“MNUE”), has accepted four Letters of Appointment
(“LOAs”) with a total contract value of RM122.7 million for supply and install of substation equipment for data
centre projects in Central and Southern Peninsular Malaysia.