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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.
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.
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.
Ranhill Utilities Bhd and FourWinds Capital Management (FWCM) target RM200mil in annual revenue from their water and wastewater joint venture in China and Thailand within three years.
KUALA LUMPUR: CIMB Equities Research has downgraded the utilities sector from overweight to neutral due to the muted earnings outlook and expected slower electricity demand.
RANHILL Utilities Bhd is spending RM670mil between 2003 and 2005 mainly on water treatment plants and the replacement of some 500km of old water distribution pipes in Johor.