Bursa Malaysia Announces New Renewable Energy Subsector Classification
KUALA LUMPUR, Jan 13 (Bernama) -- Bursa Malaysia Bhd has announced the new “renewable energy” (RE) subsector within its “energy” and “utilities” sector classifications to provide a more focused classification of public-listed companies (PLCs) operating in the RE space.
It said the RE subsector classification includes PLCs involved in providing equipment and services for RE production, as well as those producing or distributing electricity through RE sources.
“Accordingly, Bursa Malaysia Securities Bhd has updated the sector and sub-sector classification for 13 PLCs currently identified as operating within the RE space, effective from 9 am today,” it said.
The exchange said the stock numbers and stock short names for the respective securities remain unchanged.
Chief executive officer Datuk Muhamad Umar Swift said the introduction of the RE subsector classification underscores Bursa Malaysia’s adaptability to cater to investors’ growing interest in environmentally friendly companies and solutions.
He said this initiative also demonstrates the bourse’s proactive support for emerging industries like RE, which are instrumental in shaping a greener and more sustainable Malaysia.
“This addition will broaden our appeal to a wider investor base, in line with Bursa Malaysia’s mission to create opportunities and grow value.
“We remain committed to enhancing the capital market attractiveness to investors,” he said in a statement today.
According to the statement, by further segmenting the broader energy and utilities sectors into a more specific subsector, such as the RE, investors could gain clearer insights into specific opportunities available within this rapidly growing subsector.
This enhanced granularity would empower investors to make more informed investment decisions by facilitating a deeper analysis of the growth potential and challenges facing RE companies, it said.
For PLCs, Bursa Malaysia said the RE subsector enhances visibility among investors focused on sustainable and environmentally friendly initiatives.
“This profiling can help attract more investors, towards securing funding to scale operations, innovate, or improve operational efficiency.
“This can also strengthen RE companies’ market position and valuation while contributing to long-term national economic growth and a more sustainable energy future,” it said.
-- BERNAMA