Title :

Kenanga Utilities Sector Outlook: Powering Malaysia’s Next Infrastructure Supercycle

Date :

19 May 2026

Time :

08:00 PM - 09:30 PM

Location :

MS Teams

Fee :

FREE

Description :

Kenanga Utilities Sector Outlook: Powering Malaysia’s Next Infrastructure Supercycle Join Teh Kian Yeong, Senior Utilities Analyst at Kenanga Investment Bank Berhad, for a power-packed webinar delivering sharp insights into Malaysia’s Utilities industry and where the next opportunities lie. Synopsis: Malaysia’s utilities sector has shifted from a "defensive" play to a "high-growth" structural theme. We have entered a pivotal electrification era, where the primary demand driver has pivoted from traditional industrial growth to a massive data centre resurgence. What You’ll Get: The 2024 Inflection Point: After decades of stagnant demand, the data centre wave sparked a 6.2% consumption spike in 2024. With a 7,500 MW pipeline currently in place, the sector is looking at a sustained demand trajectory. Addressing the Timing Mismatch: While 2025 growth faced temporary construction lags, a massive reservoir of pent-up demand from completed capacity is poised to materialize through 2026. The Looming Supply Gap: With 6,400 MW of coal capacity retiring by 2031, the national grid requires 12,000 MW of new builds to maintain stability. This urgency is fast-tracking critical infrastructure, including the NewGen26 tender and strategic gas projects like the Lumut and Yan RGTs. Investment Strategy: Why we maintain an OVERWEIGHT rating on the sector, identifying TENAGA (OP; TP: RM17.00) as the primary beneficiary of the grid modernization super-cycle. Bonus: Exclusive insights on Structured Warrants from Isabelle Zhen, Head of Group Equity Marketing