Latest news with #Sunview
The Star
11 hours ago
- Business
- The Star
Sunview basks in the glow of various solar projects
PETALING JAYA: Sunview Group Bhd is well positioned to capitalise on the growing renewable energy sector, driven by robust demand for rooftop solar and the continued rollout of engineering, procurement, construction and commissioning (EPCC) projects under the Corporate Green Power Programme (CGPP). According to MIDF Research, Sunview is among the key beneficiaries of EPCC prospects under the fifth phase of the government's large-scale solar initiative (LSS5), other upcoming large-scale solar schemes, and the long-term renewable energy growth potential from the National Energy Transition Roadmap. 'We expect the LSS5 EPCC projects, which are progressively being awarded, to aid in order book replenishment,' the research house said. It noted that Sunview is aggressively bidding for jobs, with an EPCC tender book of RM4bil. This comprises RM1.7bil of LSS jobs, RM1.3bil in work on the Corporate Renewable Energy Supply Scheme (Cress), RM734mil of rooftop solar projects and RM264mil in CGPP jobs. 'We are optimistic on future replenishment prospects, with sizeable EPCC jobs coming from LSS5 and the upcoming LSS5+ and LSS6, on top of a strong interest in rooftop solar among the commercial, industrial and residential segments,' it added. MIDF Research maintained its 'buy' recommendation on Sunview, with an unchanged target price of 54 sen, based on 20 times forward earnings, which is at a discount to its larger peers. Sunview's earnings visibility remained supported by its strong outstanding order book, which stood at RM374.3mil. MIDF Research noted the company has three CGPP EPCC projects in the bag, with an aggregated contract value of RM248mil. Of these, one contract had reached 70% completion, while the other two were at 10% and 15%, respectively. The research house highlighted that it had previously estimated that up to RM17bil of solar EPCC jobs are available for industry players. It said, as an asset developer, Sunview is equally aggressive, with RM1.8bil worth of tenders for LSS5+, battery energy storage systems and Cress projects. Sunview's overseas expansion plans add another dimension to its growth strategy through the proposed development of two solar plants in Uzbekistan. Last June, the company announced that its wholly owned subsidiary Fabulous Sunview Sdn Bhd would be collaborating with the Energy Ministry of the Republic of Uzbekistan for two solar energy projects in Uzbekistan. The aim of the two projects is to develop large-scale solar photovoltaic plants and battery energy storage systems in two districts in Uzbekistan. Sunview will serve as the investor and asset owner for the projects.
New Straits Times
5 days ago
- Business
- New Straits Times
Sunview hits all-time low despite bullish call
KUALA LUMPUR: Sunview Group Bhd tumbled 15.18 per cent in morning trade to 33.5 sen a share, hitting a fresh low despite a broader market rally that saw nearly all sectoral indices in the green. 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.
The Star
28-05-2025
- Business
- The Star
AmBank approves RM70mil financing for Sunview
AmBank Group SVP, commercial banking 1, business banking Edmund Tay (seated, left) and Sunview group executive director and group chief operating officer Chow Kian Hung (seated, right) together with (from left) AmBank Group head of commercial banking 1, business banking Yeow Swee Yun, AmBank Group managing director of business banking Christopher Yap and Sunview group executive director and group chief executive officer HP Ong. PETALING JAYA: AmBank Group, through AmBank Islamic Bhd, has approved banking facilities amounting to RM70mil for Fabulous Sunview Sdn Bhd (FSSB), a wholly owned subsidiary of Sunview Group Bhd . In a statement, the bank said the financing would partly fund the construction of a 29.99MWac ground-mounted photovoltaic solar power plant in Sungai Petani, Kuala Muda, Kedah. The project was awarded by Dayasinar Energy Sdn Bhd under the Corporate Green Power Programme. The project with a contract amounting to RM98.29mil will be executed by FSSB where it includes design, procurement, erection, connection, commissioning and testing as well as supply of equipment for the construction of a ground mounted photovoltaic solar generation facility. 'We are pleased to support FSSB and Sunview Group in this initiative. Looking ahead, we remain committed to strengthening our contribution to Malaysia's renewable energy ecosystem,' AmBank Group managing director, business banking Christopher Yap said.
The Star
28-05-2025
- Business
- The Star
Ambank approves RM70mil financing for Sunview's 29.99MW solar project
AmBank Group SVP, commercial banking 1, business banking Edmund Tay (seated, left) and Sunview group executive director and group chief operating officer Chow Kian Hung (seated, right) together with (from left) AmBank Group head of commercial banking 1, business banking Yeow Swee Yun, AmBank Group managing director of business banking Christopher Yap and Sunview group executive director and group chief executive officer HP Ong. KUALA LUMPUR: AmBank Group, through AmBank Islamic Bhd, has approved banking facilities amounting to RM70mil for Fabulous Sunview Sdn Bhd (FSSB), a wholly owned subsidiary of Sunview Group Bhd . In a statement, the bank said the financing would partly fund the construction of a 29.99MWac ground-mounted photovoltaic solar power plant in Sungai Petani, Kuala Muda, Kedah. The project was awarded by Dayasinar Energy Sdn Bhd under the Corporate Green Power Programme (CGPP). The project with a contract amounting to RM98.29mil will be executed by FSSB where it includes design, procurement, erection, connection, commissioning and testing as well as supply of equipment for the construction of a ground mounted photovoltaic (PV) solar generation facility. "We are pleased to support FSSB and Sunview Group in this initiative. Looking ahead, we remain committed to strengthening our contribution to Malaysia's renewable energy ecosystem by exploring potential financing opportunities in upcoming government programmes,' AmBank Group managing director, business banking Christopher Yap said. Meanwhile, Sunview group executive director and group chief executive officer HP Ong said: 'The financing facilities provided play an important role in supporting the rollout of our solar project under the CGPP scheme. With this support, we are able to continue contributing to Malaysia's energy transition and contribute to a greener and more sustainable future.'
