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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).
MTEC looks like a solid play because all these new substations confirm confirm need their cables. If the power infrastructure boom really kicks off then these supply chain players confirm can make big money
