Water-related stocks set to gain

The general consensus is that the water tariff re-rating could serve to indirectly enhance the capacities of corporate Malaysia as a whole.

PETALING JAYA: With the National Water Services Commission’s (SPAN) confirmation that the water tariff re-rating is set to come into effect on Feb 1, analysts are of the opinion that sector utility and piping-related counters are set to benefit.

While this may seem obvious, market experts also believe there could be further upside in the value of stocks that may have already experienced a run-up in their share prices prior to the announcement by SPAN yesterday.