12MP initiatives lift utilities segment


More investments in grid systems are needed to facilitate energy transition towards a low-carbon nation, according to CGS-CIMB Equities Research.

KUALA LUMPUR: CGS-CIMB Equities Research is retaining its “overweight” call on the utilities sector as the 12th Malaysia Plan (12MP) initiatives reaffirms its view that renewable energy (RE) capacity will grow strongly.

More investments in grid systems are needed to facilitate energy transition towards a low-carbon nation, according to the research house.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
12MP , utilities , TNB , Tenaga Nasional , renewabe energy , Malakoff ,

Next In Business News

Jinhua – a trading hub without borders
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Watts from water
AI disruption fears rock markets
Smart city can’t beat the traffic
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read