“We see Tenaga (TNB), Malakoff and Cypark as beneficiaries from the opportunities in RE, while TNB should benefit from the additional investments in grid," says CGS-CIMB Research.
KUALA LUMPUR: CGS-CIMB Equities Research is retaining its overweight on the utilities sector as the 12th Malaysia Plan (12MP) initiatives under reaffirms its view that renewable energy (RE) capacity will grow strongly.
In a research note on Tuesday, it expected more investments in grid systems are needed to facilitate energy transition towards a low-carbon nation.
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