Malaysia's Solar Sector Seen Expanding, Maybank IB Analyst Says
Maybank IB analyst Thong Kei Jun sees two major Malaysian solar programs generating 18 billion to 28 billion ringgit in projects in 2027-2028, per Market Talk.
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what happened
According to Market Talk, Maybank IB analyst Thong Kei Jun argues in a note to clients that the rollout of two large solar programs in Malaysia could create project opportunities worth 18 billion to 28 billion ringgit over 2027 and 2028.
He says rising demand for cleaner power from data centers, along with possible savings on electricity bills, could further support projects under a scheme that lets companies buy renewable electricity straight from producers. Thong prefers solar developers with a proven record of execution, naming Solarvest and Samaiden as top picks. Power infrastructure firms such as MN Holdings and Kee Ming could also benefit from solar grid connections and grid upgrades. Maybank maintains a positive rating on Malaysia's renewable-energy sector.
why it matters
For markets, this points to a potential order pipeline for Malaysian solar companies and grid infrastructure contractors. The view rests on a single analyst's estimate and does not guarantee the programs will be delivered on the stated timeline.
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sources
- Malaysia Renewable-Energy Sector Poised for Growth — Market Talk, 27 October 2026 at 05:42 UTC
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