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Metro News

State needs more for utilities upgrade

SIBU: Sarawak may need more than what has been allocated in Budget 2018 for upgrading of water and electricity infrastructures, says state Utilities Minister Datuk Sri Dr Stephen Rundi Utom.

Business

Japanese utilities post losses, seek state support

TOKYO: Japan’s nuclear-reliant utilities reported losses for the third straight year and warned of further electricity rate hikes to pay for surging fuel imports as they face an uncertain outlook for restarting idled reactors.

Business

YTL Corp’s results weighed down by utilities, cement segments

KUALA LUMPUR: YTL Corp Bhd reported earnings of RM147.7mil in its second quarter (Q2) ended Dec 31, 2016, a 37% drop from a year earlier, mainly due to the weaker results of its utilities and cement businesses.

Business

Fitch: Southeast Asian utilities benefit from low fuel prices

SINGAPORE: Fitch Ratings says in a new report that the financial profiles of rated power and gas utilities in south-east Asia are likely to be stable in 2015, and the entities will continue to benefit from lower energy costs.

Business

Utilities kept ‘overweight’ on good earnings outlook

AGAINST a backdrop of volatile equity markets, AffinHwang Research maintained an “overweight” call on the utilities sector for its defensive qualities and good earnings visibility.

Business

Minimal impact on utilities seen from gas tariff hike

KUALA LUMPUR: The 6% tariff hike for natural gas for the non-power sector will have a minimal impact on utilities as the prospect of higher prices have largely been priced in, say analysts.

Business

CIMB Research remains Overweight on Malaysian utilities

KUALA LUMPUR: CIMB Equities Research remains Overweight on Malaysia’s utilities sector as it believes continued sector reforms will provide investors with more confidence in the sector's stable earnings and cashflow outlook.

Business

Utilities sector Q1 results meet expectations

PETALING JAYA: The utilities sector reported a decent first-quarter financial results in which all the stocks under AffinHwang Capital Research’s coverage reported results that met expectations, with Tenaga Nasional Bhd (TNB) remains its top pick.

World

Renewables turn utilities into dinosaurs of the energy world

PARIS (Reuters) - Every new solar panel installed on European rooftops chips away at power utilities' centralised production model. Unless they reinvent themselves soon, these giants risk becoming the dinosaurs of the energy market.

World

Analysis - Renewables turn utilities into dinosaurs of the energy world

PARIS (Reuters) - Every new solar panel installed on European rooftops chips away at power utilities' centralised production model. Unless they reinvent themselves soon, these giants risk becoming the dinosaurs of the energy market.