Sunview hits all-time low despite bullish call
The sharp fall came on heavy volume, with 15.68 million shares traded, the counter's busiest day in nearly a year.
By midday, the solar photovoltaic system contractor had pared some losses but still closed 13.92 per cent or 5.5 sen lower at 34 sen.
The slide extends a rough year for Sunview, whose share price has shrunk by a quarter since the start of 2025, when it traded at 45.5 sen.
Sunview made a stellar debut on Oct 17, 2022, doubling its initial public offering price of 29 sen to close at 59.5 sen on its first trading day.
The stock peaked at 95.5 sen on July 13, 2023, before entering a prolonged slump, notably after June 18, 2024, when it traded at 77 sen.
Its most recent update involved a RM70 million financing deal secured by its unit, Fabulous Sunview Sdn Bhd, to help fund a 29.99-megawatt ground-mounted solar project in Kedah.
On May 30, the group disclosed there had been no material updates to its memorandum of understanding with Huawei, signed to explore electric vehicle charging, microgrids, telecommunications modernisation and energy storage.
The sharp drop also ran counter to a bullish technical call by RHB Investment Bank Bhd earlier today.
The research house had identified Sunview as a trading pick, saying a breakout above the 39 sen level pointed to renewed buyer confidence.
RHB flagged upside potential towards 41.5 sen and 44 sen, but warned that a dip below 37 sen would invalidate the setup, a support level now decisively broken.
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