RE stocks to sustain gain on positive outlook

INVESTORS’ interest in decarbonisation stocks like renewable energy (RE)-linked companies remains strong despite the pullback in the market post the emergency declaration and second cycle of the Movement Control Order.

Environmental, social and governance (ESG) thematic is expected to draw more investors into such counters for the long term, said Rakuten Trading Sdn Bhd VP Vincent Lau.

“We might not see the same level of price rally we witnessed in the glove counters when the Covid-19 pandemic heightened, however, there is a strong base of investors interested in this area,” said Lau to The Malaysian Reserve (TMR) recently.

Source: The Malaysia Reserve

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