Research houses see better outlook for power sector

PETALING JAYA: Stocks in the power sector, which came under selling pressure due to regulatory risks and market headwinds following the general election, could see a better overall outlook in 2018.

Research houses, in their strategy reports for the second half of the year (2H18), saw the recent sell-down as offering a good opportunity to accumulate stocks with quality assets now that regulatory concern over the integrity of the imbalance cost pass-through (ICPT) mechanism is dissipating.