MN Holdings Berhad: Positioned for Growth Amidst Data Centre Boom
In a significant development for Malaysia’s industrial landscape, MN Holdings Berhad, a prominent player in the production and distribution of motorcycles and light trucks, is poised to capitalize on the burgeoning data centre sector. According to recent insights from Maybank Investment Bank (Maybank IB), MN Holdings, alongside Gamuda Bhd, is expected to be a major beneficiary of RM10 billion worth of upcoming data centre contracts. This comes despite looming concerns over new US AI chip export restrictions, which could potentially impact the sector.
The contracts, set to be awarded by Eco World Development Group Bhd and Sime Darby Property Bhd, involve four major data centre projects. These projects are strategically located in Eco Business Park V in Puncak Alam and Elmina Business Park in Sungai Buloh, Selangor. The allocation of these projects underscores the growing importance of data centres in Malaysia’s infrastructure development, driven by increasing electricity demand and a robust pipeline of new supply projects.
MN Holdings Berhad, listed on Bursa Malaysia with a market capitalization of 822,112,421 MYR, has demonstrated resilience and adaptability in its operations. Despite the challenges posed by the global economic environment, the company’s strategic positioning in the data centre sector could provide a significant boost to its financial performance. As of July 15, 2025, MN Holdings’ share price stood at 1.58 MYR, reflecting a 52-week high of 1.36 MYR and a low of 0.71 MYR, with a price-earnings ratio of 17.9385.
The data centre boom is not without its challenges, however. The sector faces potential headwinds from new US AI chip export restrictions, which could impact the supply chain and operational capabilities of data centres in Malaysia. Despite these concerns, the market remains optimistic about the continued growth of the data centre industry, driven by the increasing demand for digital infrastructure and services.
In addition to the opportunities presented by the data centre sector, MN Holdings Berhad must navigate the broader economic landscape, which includes fluctuations in the solar and utility infrastructure segments. Recent reports indicate a continued upward bias in share prices within these sectors, ahead of the power tariff restructuring that took effect on July 1, 2025. For solar firms, the expectation of higher electricity prices has spurred more solar adoption, while depressed photovoltaic panel prices have improved installation costs, making investments more attractive.
As MN Holdings Berhad looks to the future, its strategic involvement in the data centre sector, coupled with its established presence in the motorcycle and light truck industry, positions the company for potential growth and expansion. The company’s ability to adapt to changing market dynamics and leverage emerging opportunities will be crucial in maintaining its competitive edge in Malaysia’s evolving industrial landscape.