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EV charging pre-inflection, solar tender environment supportive, SME lending arm diversification, director conviction visible. Genuinely multi-theme name but requires patience
As EV charging utilization data comes through and SME lending book grows, the underlying value should crystallize. Watch the next QR for ChargeSini revenue trajectory and SME loan book quality metrics.
LSS5 (2GW) and LSS5+ (2GW) solar tenders represent up to RM5.9b of EPCC opportunities to be awarded in 2026. While MBRIGHT isn't a pure solar EPCC name, their renewable energy diversification thesis aligns with the broader RE momentum.
As Malaysia's EV adoption inflects (more EV launches by Proton, Perodua entering EV space, government incentives extended), charging utilization should scale.
MBRIGHT disposed of its Australian unit and proceeds were used for borrowing repayment and to fund local growth. That's disciplined capital allocation, exit underperforming/non-core geography, deploy capital into higher-growth domestic themes (EV, SME lending). The kind of management discipline that signals long-term thinking.