Earnings of utility firms likely to be sustained

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RHB Research said both TNB and PGB would offer decent yields of 5.5% to 6.6% and 4.4% to 4.7% respectively.

will benefit from the higher retail tariff mix in Singapore and higher uniform Singapore energy prices in the coming quarters as well as the turnaround of its Wessex Water asset and new Attarat oil shale power plant contribution in Jordan, said the research house.

It maintained its “overweight’’ rating for the sector with top picks being TNB of RM12 a share) and YTL Power .

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