SARAWAK Energy Bhd's (SEB)plan to build five more hydroelectric dams, is a positive catalyst for Leader Universal Holdings Bhd (Leader), as it will lead to higher demand for cables and wire products.
The supply of cable and wires will benefit Leader directly and indirectly, said OSK Investment Research, in a research note today.
OSK Research said, the company could directly supply to the project sites while its 26 per cent owned associated company, Sarawak Cable, can be an indirect supplier.
Leader's prospects are positive given that energy-related projects in Sarawak are moving towards implementation, said the research house.
As reported, Sarawak plans to build five more hydro-electric dams, with a combined power capacity of more than 3,000 MW, over the next five years.
Sarawak Public Utilities Minister Datuk Amar Awang Tengah Ali Hasan yesterday said, technical studies on the proposed dams by SEB, had been completed.
The five new dams are in Balleh (1,400 MW), Pelagus (410 MW), Baram (1,200 MW), Limbang (245 MW) and Lawas (100 MW).- Bernama
Prediction or Following ? Which comes first ? - Happy Lunar New Year
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Too much emphasis in the media and talking of forecasting head irrespective
whether they come from the "fundamental analysts" or "technical analysts".
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