Sunview Group Berhad Reports Financials and Kenyir Solar Project Update
Sunview Group Berhad (SUNVIEW) recorded a 9MFY26 core net profit of RM1.5mn, with a notable 66% QoQ revenue growth to RM105mn. The company expects a significant increase in performance in Q4 driven by the Kenyir floating solar project, which will enhance revenue visibility with an unbilled orderbook of RM746.4mn.
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Sunview Group Berhad reported a core net profit of RM1.5mn for 9MFY26, with revenue increasing 66% QoQ to RM105mn due to ongoing LSS projects. The unbilled orderbook totaled RM746.4mn, primarily bolstered by the RM1.96bn Kenyir floating solar project, where SUNVIEW holds a 40% stake, expected to conclude by September 2028.
The acquisition of Reneuco's LSS4 plant was completed in May 2026, requiring additional capex of RM50-120mn, while negotiations for a PPA with Tenaga Nasional Berhad are ongoing. SUNVIEW is also disposing of its 22.4% stake in Winstar Capital Berhad for RM30.1mn, aiming to redirect funds into core solar EPCC operations. The company maintains a Hold recommendation with a target price of RM0.395.
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