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Wednesday, January 28th, 2026

Malaysia Utilities Sector 2026 Outlook: Renewable Energy, Carbon Tax, and Top Stock Picks (Tenaga & Malakoff) 1

Broker Name: CGS International
Date of Report: October 13, 2025
Excerpt from CGS International report.

Report Summary

  • Budget 2026 in Malaysia sharpens focus on scaling up renewable energy (RE), boosting regional collaboration, and mobilizing capital to drive clean energy transition, with key support for solar, biogas, biomass, and small hydro projects.
  • Major initiatives include a new 2GW large-scale solar rollout, expanded feed-in tariffs, government-linked company investments, continuation of green financing schemes, introduction of carbon taxes, and steps towards nuclear energy and digital infrastructure growth, all signaling strong policy support and long-term growth prospects for the utilities sector. Top sector picks are Tenaga Nasional and Malakoff.
Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website: https://www.cgs-cimb.com

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