AWC Berhad (KLSE: AWC) has been on an impressive run, securing over RM80 million in new contracts across its Facilities Management and Engineering divisions in recent weeks. A notable highlight includes a project with the Google Datacentre, awarded by Gamuda, showcasing AWC’s capability to handle high-profile projects.
Adding to this momentum, market talk has it that AWC might be close on securing a few projects in the near future which would boost its orderbook further, reinforcing its bright prospects ahead.
Technical Signals and Market Outlook
Closing at RM0.88 with a bullish hammer pattern on the weekly chart, AWC has shown strong buying interest, reflecting investor confidence in its solid fundamentals. With technical momentum pointing to a potential short-term target around RM1.07, the market will likely be watching AWC closely next week as it builds on recent gains.
For those with a longer horizon, AWC’s fundamentals and order pipeline suggest potential for further upside, with a long-term target of RM1.50 and above.
Stock: [AWC]: AWC BERHAD
1 week ago | Report Abuse
AWC Berhad on a Winning Streak
AWC Berhad (KLSE: AWC) has been on an impressive run, securing over RM80 million in new contracts across its Facilities Management and Engineering divisions in recent weeks. A notable highlight includes a project with the Google Datacentre, awarded by Gamuda, showcasing AWC’s capability to handle high-profile projects.
Adding to this momentum, market talk has it that AWC might be close on securing a few projects in the near future which would boost its orderbook further, reinforcing its bright prospects ahead.
Technical Signals and Market Outlook
Closing at RM0.88 with a bullish hammer pattern on the weekly chart, AWC has shown strong buying interest, reflecting investor confidence in its solid fundamentals. With technical momentum pointing to a potential short-term target around RM1.07, the market will likely be watching AWC closely next week as it builds on recent gains.
For those with a longer horizon, AWC’s fundamentals and order pipeline suggest potential for further upside, with a long-term target of RM1.50 and above.