Malaysian Utilities Sector Outlook Seen Robust Amid Data Centers' Demand -- Market Talk

Dow Jones

01-06

0154 GMT - The Malaysian utilities sector's outlook appears robust amid increasing electricity demand from data centers in 2025, Kenanga IB analyst Teh Kian Yeong says in a note. The sector could see defensive earnings and steady cash flows from electricity transmission assets, which underpin dividend yields of up to 3%, he reckons. Tenaga Nasional is Kenanga's top pick, benefiting from rising demand from new data centers, improved plant efficiency and increased capital expenditure on electricity transmission and distribution, which could drive higher earnings, he adds. Kenanga maintains an overweight rating on Malaysian utilities sector and also favors YTL Power International for its ongoing execution of AI data center initiatives. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

January 05, 2025 20:54 ET (01:54 GMT)

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The sector could see defensive earnings and steady cash flows from electricity transmission assets, which underpin dividend yields of up to 3%, he reckons. Tenaga Nasional is Kenanga's top pick, benefiting from rising demand from new data centers, improved plant efficiency and increased capital expenditure on electricity transmission and distribution, which could drive higher earnings, he adds. Kenanga maintains an overweight rating on Malaysian utilities sector and also favors YTL Power International for its ongoing execution of AI data center initiatives. 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The sector could see defensive earnings and steady cash flows from electricity transmission assets, which underpin dividend yields of up to 3%, he reckons. Tenaga Nasional is Kenanga's top pick, benefiting from rising demand from new data centers, improved plant efficiency and increased capital expenditure on electricity transmission and distribution, which could drive higher earnings, he adds. Kenanga maintains an overweight rating on Malaysian utilities sector and also favors YTL Power International for its ongoing execution of AI data center initiatives. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LYY.SI":"中云集团","BK6051":"信息科技咨询与其它服务"},"translate_title":"由于数据中心需求，马来西亚公用事业行业前景强劲——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LYY.SI":1},"content_text":"0154 GMT - The Malaysian utilities sector's outlook appears robust amid increasing electricity demand from data centers in 2025, Kenanga IB analyst Teh Kian Yeong says in a note. The sector could see defensive earnings and steady cash flows from electricity transmission assets, which underpin dividend yields of up to 3%, he reckons. Tenaga Nasional is Kenanga's top pick, benefiting from rising demand from new data centers, improved plant efficiency and increased capital expenditure on electricity transmission and distribution, which could drive higher earnings, he adds. Kenanga maintains an overweight rating on Malaysian utilities sector and also favors YTL Power International for its ongoing execution of AI data center initiatives. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 05, 2025 20:54 ET (01:54 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}