KUALA LUMPUR: Bursa Malaysia has added a 'renewable energy' (RE) subsector under its 'energy' and 'utilities' classifications to better categorise public listed companies (PLCs) operating in the RE space.
In a statement, the stock exchange operator said that by segmenting the broader energy and utilities sectors into a specific subsector like renewable energy, investors can gain clearer insights into opportunities within this rapidly growing sector.
This added granularity will help investors make more informed decisions by enabling deeper analysis of the growth potential and challenges facing renewable energy companies.
The RE subsector also increases PLC visibility among investors focused on sustainability, helping attract funding to scale, innovate, and improve efficiency.
“The introduction of the RE subsector classification underscores Bursa Malaysia’s adaptability to cater to investors’ growing interest in environmentally-friendly companies and solutions.
“This initiative also demonstrates our proactive support for emerging industries like renewable energy, which are instrumental in shaping a greener and more sustainable Malaysia,” chief executive officer Datuk Muhamad Umar Swift said.
“This addition will broaden our appeal to a wider investor base, in line with Bursa Malaysia’s mission to create opportunities and grow value. We remain committed to enhancing the capital market attractiveness to investors.”
According to Bursa Malaysia, the RE subsector classification includes PLCs involved in providing equipment and services for RE production, as well as those producing or distributing electricity through RE sources.
Accordingly, Bursa Malaysia Securities Bhd (“Bursa Securities) has updated the sector and sub-sector classification for 13 PLCs currently identified as operating within the RE space, effective from Jan 13, 2024.
The PLCs include BM Greentech Bhd, Cypark Resources Bhd, Kinergy Advancement Bhd, Mega First Corp Bhd, Nuenergy Holdings Bhd, Pekat Group Bhd, Samaiden Group Bhd, Solarvest Holdings Bhd and Sunview Group Bhd.
