Water stocks to make a splash on tariff hike

Pedestrian is seen passing by a mural with a tap water illustration in Ampang — AZMAN GHANI/The Star

PETALING JAYA: Water infrastructure-related stocks stand to gain from the government’s revision of water tariff rates for nearly all of Peninsular Malaysia and Labuan, as higher revenue enables upgrades to ageing infrastructure.

BIMB Securities said the long-overdue reform, which came into effect on Aug 1, may only be the first step.