KUALA LUMPUR, Oct 8 (Bernama) -- CGS International Securities Malaysia Sdn Bhd is maintaining its “Overweight” call on the utilities sector with positive spillover across the listed market as faster Corporate Renewable Energy Supply Scheme (CRESS) adoption solidifies the sector’s growth.
Business : CGS International Maintains Overweight Rating On Utilities Sector
CGS International, utilities, overweight, corporat
BE Bernama 
Key points
- In a note today, the research firm said faster adoption of CRESS will lead to recurring-income renewable energy asset ownership.
- CGS International said solar EPCC players are direct beneficiaries with strong project award visibility and earnings growth.
- CGS International said Malaysia is entering one of its biggest utilities investment cycles in decades, underpinned by multi-year demand growth and a clearly sequenced policy roadmap.
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