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MTEC looks interesting with growing demand from infrastructure, data centres and power grid upgrades. Q2 revenue grew 34% YoY, while the RM109.5 million TNB contract extension provides better earnings visibility. If this momentum continues, definitely one to keep an eye on.
MTEC could benefit from its RM109.5 million TNB cable contract extension, which strengthens earnings visibility while positioning the group to ride Malaysia’s ongoing power grid and infrastructure expansion.
Master Tec Group Bhd’s 2QFY2026 revenue rose 34.0% YoY to RM140.5 million, while PAT increased 24.8% to RM8.65 million, driven by stronger cable demand from data centres, utilities, infrastructure and renewable energy sectors.
The investment opportunity extends beyond contractors. Every new substation requires significant volumes of power cables, switchgear and switchboards, creating a second layer of beneficiaries across the electrical equipment supply chain.
Among the names highlighted by Kenanga are cable manufacturers Southern Cable Group Bhd (KL:SCGBHD) and Master Tec Group Bhd (KL:MTEC) as well as switchgear and switchboard suppliers such as Pekat Group Bhd (KL:PEKAT) and Powerwell Holdings Bhd (KL:PWRWELL).
