Power utilities likely to gain from higher TNB and Pekat earnings

PETALING JAYA: Companies in the power utilities sector are up for decent growth this year, according to UOB Kay Hian (UOBKH) Research.

This will mainly be driven by Tenaga Nasional Bhd’s (TNB) higher regulatory returns under the regulatory period 4 (RP4) and Pekat Group Bhd’s strong earnings momentum, said the research house.