KUALA LUMPUR (Jan 13): Bursa Malaysia Bhd (KL:BURSA) has introduced a new renewable energy (RE) subsector within its energy and utilities sector classification. This move aims to provide more focused classification for public listed companies (PLCs) operating in the RE space.

The new RE classification includes PLCs involved in providing equipment and services for RE production, as well as those producing or distributing electricity through RE sources. 

As a result, 13 PLCs have been reclassified under this new subsector, effective from Monday. Their stock numbers and short names remain unchanged.

The 13 PLCs are: BM Greentech Bhd (KL:BMGREEN); Cypark Resources Bhd (KL:CYPARK); Eden Inc Bhd (KL:EDEN); Elridge Energy Holdings Bhd (KL:ELRIDGE); Kinergy Advancement Bhd (KL:KAB); Mega First Corp Bhd (KL:MFCB); Nuenergy Holdings Bhd (KL:NHB); Pekat Group Bhd (KL:PEKAT); Reneuco Bhd (KL:RENEUCO); Samaiden Group Bhd (KL:SAMAIDEN); Solarvest Holdings Bhd (KL:SLVEST); Sunview Group Bhd (KL:SUNVIEW); and Trive Property Group Bhd (KL:TRIVE).

According to Bursa, the new subsector aims to provide investors with a more streamlined view of industries listed on the bourse. 

"By further segmenting the broader energy and utilities sector into a more specific subsector such as RE, investors can gain clearer insights into specific opportunities available within this rapidly growing subsector. This enhanced granularity will empower investors to make more informed investment decisions by facilitating a deeper analysis of the growth potential and challenges facing RE companies," said Bursa.

The introduction of the new RE subsector is also expected to enhance the visibility of such PLCs among investors focused on sustainable and environmentally friendly initiatives. This can help RE companies attract more investors, secure funding to scale operations, innovate or improve operational efficiency, and strengthen their market position and valuation.

"This addition will broaden our appeal to a wider investor base, in line with Bursa's mission to create opportunities and grow value," said Bursa chief executive officer Datuk Muhamad Umar Swift. "We remain committed to enhancing the capital market attractiveness to investors."

Bursa shares closed three sen or 0.34% lower at RM8.67 on Monday, valuing the bourse operator at RM7.02 billion.