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.

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