-- Utilities stocks have emerged as an unlikely favorite of investors in Asia, and bets are growing that their standout rally this year has further to go.Powering the sector’s boom after two years of losses are supportive local policies and the frenzy surrounding artificial intelligence, which is causing a dramatic increase in electricity demand in many parts of the world.
Local factors such as a robust Indian economy and China’s environmental ambitions are also playing a role in utility stocks’ relative outperformance versus the broader Asian market, as against their peers in the US and Europe. In China, the popularity of utilities firms partly results from a weak economy and a struggling stock market that has prompted investors to flock to defensive stocks with higher dividends. Meantime, Beijing’s lofty climate goals and an ongoing power market reform also have brightened the sector’s outlook.
The global AI frenzy also has increased investor appetite for utilities stocks in South Korea and Malaysia given the perceived demand boost from data centers. Korea’s HD Hyundai Energy Solutions Co. has jumped 9% this year, while Malaysia’s YTL has surged 85%. Asia’s broader equity benchmark is up 7.8%.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
3 stocks retail investors turned to when stocks fell this weekSome retail investors used the market sell-off earlier this week as a buying opportunity. IG Group North America CEO JJ Kinahan joins Yahoo Finance to...
Baca lebih lajut »
Canadian real estate, utility sectors ride rate cuts to market-beating gains'Rate-sensitive sectors of the equity market have been under assault since the tightening cycle began in early 2022.'
Baca lebih lajut »
Enbridge makes progress on utility purchases; raises earnings forecastCALGARY — Enbridge Inc. has raised its earnings forecast for the year in light of the successful completion of two previously announced purchases of U.S. gas utilities.
Baca lebih lajut »
Enbridge makes progress on utility purchases; raises earnings forecastThis file photo shows the Enbridge logo at the company's annual meeting in Calgary on May 9, 2018.
Baca lebih lajut »
Enbridge makes progress on utility purchases; raises earnings forecastEnbridge Inc. saw its second-quarter profit hit $1.85 billion, where it roughly also sat a year ago.
Baca lebih lajut »