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The investment opportunity extends beyond contractors. Every new substation requires significant volumes of power cables, switchgear and switchboards, creating a second layer of beneficiaries across the electrical equipment supply chain.
Among the names highlighted by Kenanga are cable manufacturers Southern Cable Group Bhd (KL:SCGBHD) and Master Tec Group Bhd (KL:MTEC) as well as switchgear and switchboard suppliers such as Pekat Group Bhd (KL:PEKAT) and Powerwell Holdings Bhd (KL:PWRWELL).
Looking at the chart pattern and recent volume, the momentum is definitely building up for a solid breakout move. If the support levels hold firm, this stock is going to rally hard and catch a lot of people off guard.
Current price still very attractive so better grab more while the market is still sleeping. Just keep averaging in because the long term growth story is looking quite solid.
