Staying power: Workers installing the tower at TNB’s GIS switching station in Kuala Lumpur. Analysts say its earnings will remain consistent as long as the IBR is in place.
PETALING JAYA: Kenanga Research is maintaining its “overweight” call on Malaysian utility companies, given their defensive earnings profile and decent dividend yields.
In a report yesterday, the research house noted that the utilities sector is often perceived to be “a boring” segment, considering its “less-than-exciting gross domestic product growth-like earnings”.
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