AWC (7579) - Stocks With Momentum: Awc
March 24, 2015 : 10:46 AM MYT
AWC Bhd (-ve)
AWC (Fundamental: 2.8/3; Valuation: 2.4/3) saw its share price surge 3.5 sen or 9.5% to all-time high of 40.5 sen yesterday. The stock appeared to attract periodic bouts of buying interest last year before volume subsequently fizzled out.
The facilities management services provider holds a 10-year concession to manage federal government buildings in several states, which is currently on interim extension. It also provides similar services to the private sector, as well as waste collection system solutions in Malaysia, Singapore and the Middle East.
For 1HFYJun15, net profit surged 463% from RM0.9 million to RM5.0 million, mainly due to higher project income and reversal of allowance for impairment losses.
The company has a solid balance sheet with net cash of RM68 million, or 30.2 sen per share, a significant 74.5% of the current share price. The stock trades at a trailing 12-month P/E of 7.4 times and 1.07 times book. No dividend was declared in FY2014.
This article first appeared in The Edge Financial Daily, on March 24, 2015.
http://www.theedgemarkets.com
March 24, 2015 : 10:46 AM MYT
AWC Bhd (-ve)
AWC (Fundamental: 2.8/3; Valuation: 2.4/3) saw its share price surge 3.5 sen or 9.5% to all-time high of 40.5 sen yesterday. The stock appeared to attract periodic bouts of buying interest last year before volume subsequently fizzled out.
The facilities management services provider holds a 10-year concession to manage federal government buildings in several states, which is currently on interim extension. It also provides similar services to the private sector, as well as waste collection system solutions in Malaysia, Singapore and the Middle East.
For 1HFYJun15, net profit surged 463% from RM0.9 million to RM5.0 million, mainly due to higher project income and reversal of allowance for impairment losses.
The company has a solid balance sheet with net cash of RM68 million, or 30.2 sen per share, a significant 74.5% of the current share price. The stock trades at a trailing 12-month P/E of 7.4 times and 1.07 times book. No dividend was declared in FY2014.
This article first appeared in The Edge Financial Daily, on March 24, 2015.
http://www.theedgemarkets.com
