AWC Bhd (-ve)
SHARES in AWC Bhd (fundamental: 2.5/3, valuation: 0.5/3), which provides integrated facilities management services, saw its shares jump by 5.05% last Friday to 52 sen, its five-year high, after 21.7 million shares were traded, compared with its 200-day average volume of 3.5 million.
On March 23, AWC entered into a distribution agreement with PURETi Group LLC to be the Malaysian distributor for all products under the PURETi brand name. The agreement is expected to contribute positively to AWC’s financial performance after the current financial year ending June 30, 2016 (FY16).
AWC has also secured a 10-year renewal of its concession to maintain government buildings and a new contract for critical asset refurbishment worth about RM700 million on March 7.
PURETi makes and sells photocatalytic titanium dioxide surface treatments, which are used for cleaning and maintenance of buildings, healthcare purposes, in the automotive industry and for general environmental purposes.
AWC said the renewal should contribute positively to its earnings for FY16 and the next 10 financial years.
AWC (7579) - Stock With Momentum: AWC Bhd
http://www.theedgemarkets.com/my/article/stock-momentum-awc
