0128 GMT - Malaysia's power sector may see robust execution this year, underpinned by accelerating data center demand and higher capital expenditure under regulatory parameters, Apex Securities analysts Tan Sue Wen and Ong Tze Hern say in a note. While macro uncertainty may slow data center growth in the short term, they see this as a temporary pause, not a structural change. Long-term electricity demand may remain strong, driven by cloud and AI infrastructure expansion, they add. Recent share price weakness in ancillary players presents a buying opportunity, they reckon. Apex maintains an overweight rating on Malaysia's power sector, and pegs CBH Engineering, UUE Holdings, Pekat Group and Southern Cable as top picks. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 21:28 ET (01:28 GMT)
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