Posted by foreverchung > 2019-02-27 09:33 | Report Abuse

Operator press down.

Posted by KUKU JIAO PUNTER > 2019-02-27 11:21 | Report Abuse

this management got problem

Posted by KUKU JIAO PUNTER > 2019-02-27 11:21 | Report Abuse

need to get KYY become major shareholder, and start giving dividends

Posted by JayC > 2019-02-27 11:39 | Report Abuse

management is good. They produce comprehensive quarterly and annual report. Really keep shareholders up to date

Posted by KUKU JIAO PUNTER > 2019-02-27 11:40 | Report Abuse

more like keeping their pocket full to date

Posted by oniongor > 2019-02-27 11:49 | Report Abuse

AWC Berhad - CIMB Research 27/2/2019


Better quarters to come
■ 1HFY6/19 net profit of RM13.1m (+29.2% yoy) was within our expectations.
■ We expect stronger quarters in 2HFY19, especially from increased
contribution from facilities, environment and rail divisions.
■ Maintain Add with an unchanged SOP-based TP of RM1.26.
2QFY6/19 net profit rose 15.4% qoq; boosted by rail segment
2QFY6/19 revenue rose 25.5% qoq, mainly owing to higher contribution from all divisions
as well as maiden contribution from its rail segment. 2QFY19 EBITDA margins were also
stronger at 15% (+0.8% pt qoq) given higher contribution from higher-profit margin
segments: engineering, environmental and rail. This resulted in 2QFY19 core net profit
rising to RM7.0m (+15.4% qoq) despite an increase in both interest costs (>100% qoq)
and tax rate (+1.2% pts qoq).
1HFY6/19 net profit of RM13.1m (+29.2% yoy) was in line
1HFY6/19 revenue and core net profit rose to RM154.4m (+14.8% yoy) and RM13.1m
(+29.2% yoy), respectively. The stronger 1HFY19 performance was mainly attributed to
higher revenue recorded from both the facilities and environment divisions. 1HFY19
EBITDA margin also improved to 14.6% (+2.6% pts yoy) with increased contribution from
the environment division (higher profit margin segment). While 1HFY19 net profit formed
45.8% of our FY19F, we deem this in line as we expect stronger 2HFY19 results ahead.
All divisions are performing well
The facilities division was the most profitable segment in 1HFY19, with a PBT of
RM10.4m (+8.4% yoy). This was thanks to the commencement of new facilities projects
and recognition of critical asset refurbishment programme (CARP). The environment
division’s 1HFY19 PBT also improved 48.1% yoy to RM5.8m from higher progress
billings. The engineering division also recorded higher 1HFY19 PBT of RM2.5m (+40.8%
yoy) due to better cost control efforts and more projects undertaken.
Orderbook remains robust
In 2QFY19, AWC began to incorporate contribution from its rail segment, which posted a
revenue of RM8.3m and PBT of RM3.1m. In this segment, AWC currently has an
orderbook of RM73m for the next two years. Including its rail segment, its total order book
stood at RM1bn (as of 1 Jan 19), also consisting of contracts in facilities division
(RM627m), engineering division (RM140m) and environment division (RM163m).
Maintain Add
With 1HFY19 earnings in line, we make no changes to our earnings estimates. Our Add
rating and target price of RM1.26 (11.3x CY20 P/E) are also maintained. At 9.2x CY20
P/E, we believe the stock’s risk-reward profile is attractive. Moving forward, we expect
AWC’s share price to move higher in tandem with more contract wins and stronger
earnings delivery in 2HFY19F. Downside risks are contract execution delays and weaker than-
expected orderbook replenishment.

Posted by JayC > 2019-02-27 11:52 | Report Abuse

well management reward shareholder with free warrant last year ma. Not to say stingy

Posted by upsidedown119 > 2019-02-27 12:17 | Report Abuse

Very upbeat assessment.

Posted by oniongor > 2019-02-27 12:18 | Report Abuse

anyone using homily chart, can help me check on this stock?

Posted by KUKU JIAO PUNTER > 2019-02-27 12:24 | Report Abuse

warrant not even reward lah, you forgot about the dilution?

Posted by raytheclay > 2019-02-27 14:21 | Report Abuse

Mr Market is not rationale and is emotional. Outlook for 2019 is positive from all biz segments but need to be watchful for project delays and collections/receivables. Another key risk is Concession termination by Govt which will come with compensation (like what is happening now with toll concessions). Have to also account for Trackworks profit guarantee of RM8mil and RM12mil for the next 2 years which will be positive for EPS. I will continue to accumulate on price dips.

Posted by KUKU JIAO PUNTER > 2019-02-27 14:24 | Report Abuse

haha good luck ray

Posted by JayC > 2019-02-27 15:27 | Report Abuse

market sentiment not good at the moment. Even KGB good result but price is down

Posted by upsidedown119 > 2019-02-27 15:50 | Report Abuse

That's about as low as it should go on PT activities.

Posted by upsidedown119 > 2019-02-27 16:03 | Report Abuse

@ray. Patience.

Posted by Tnecera Prime > 2019-02-27 16:36 | Report Abuse

waaaalla weh

Posted by isupertrader > 2019-02-27 16:55 | Report Abuse

I am stepping in. Mr. Fong, let's top up together.

Posted by abang_misai > 2019-02-27 17:07 | Report Abuse

Good way to console ourselves


martinbartesque Although price drops on today, but still have 40% buying rate.

Posted by upsidedown119 > 2019-02-27 17:25 | Report Abuse

I expected the sell down. It was within my expected range.

Posted by foreverchung > 2019-02-27 18:31 | Report Abuse

Who got top up today? I did lol.

Posted by Kc Teh > 2019-02-27 19:24 | Report Abuse

i sold off 0.765 leh xD, queue 0.735 no get.

Posted by upsidedown119 > 2019-02-27 22:39 | Report Abuse

Likely rebound tomorrow is very good.

Posted by Hanip > 2019-02-28 10:38 | Report Abuse

err, rebound pls

Posted by Plug > 2019-02-28 15:05 | Report Abuse

Market is bad...

Posted by fgvnewbie > 2019-02-28 16:16 | Report Abuse

Sell before too late. EPF also sell why cannot read?

Posted by foreverchung > 2019-02-28 20:05 | Report Abuse

Cuz I don't follow EPF?

Posted by Icon8888 > 2019-02-28 20:13 | Report Abuse

nowadays in i3 a lot of amateurs

I believe most just came out from schools

Posted by qqq3 > 2019-02-28 20:15 | Report Abuse

Icon8888 > Feb 28, 2019 08:13 PM | Report Abuse

nowadays in i3 a lot of amateurs

I believe most just came out from schools
=========

a lot in number but add up also no power one.

Posted by foreverchung > 2019-02-28 22:47 | Report Abuse

I say if 2 circumstances fulfilled then tomorrow fly:

1. Dow spikes 0.5 and above.
2. Tomorrow Bursa no crash due to TENAGA. CIMB/QL/AIRPORT/IHH/GENM/GENTING can probably tank though. So as long as Dow good, all good I suppose.

I personally think, tomorrow, rebound a tad bit.

Posted by upsidedown119 > 2019-02-28 22:56 | Report Abuse

Only overhang is the litigation which should drag on for years. Otherwise, the future should be north.

Posted by Heavenly PUNTER > 2019-03-01 16:13 | Report Abuse

hahahah

Posted by RW_123 > 2019-03-04 20:20 | Report Abuse

will test RM0.77 again tomorrow !

Posted by upsidedown119 > 2019-03-05 12:45 | Report Abuse

Tonnes of sellers in front...

Posted by foreverchung > 2019-03-05 13:31 | Report Abuse

I rather they sell in down market, then sell in up market tbh, spoil the rocket projectile only.

Posted by tamp0i > 2019-03-05 13:39 | Report Abuse

So many uncertain traders in the market can't hold for long and poised to sell down easily...

Posted by upsidedown119 > 2019-03-05 15:19 | Report Abuse

Yeah, collecting.

Posted by Heavenly PUNTER > 2019-03-06 08:13 | Report Abuse

you all know why or not, the previous acquirees got millions of shares ready to unload.

Posted by abang_misai > 2019-03-06 11:00 | Report Abuse

https://klse.i3investor.com/blogs/hhe/196656.jsp

Posted by abang_misai > 2019-03-06 11:36 | Report Abuse

Breakout with high volume. Good sign ahead

Posted by raytheclay > 2019-03-06 14:23 | Report Abuse

The next 2 quarters will be defining. If earnings can be sustainable with good growth along with new projects being awarded then the price should be at least RM1.26 per CIMB report. The inclusion of a new majority / strategic shareholder like EPF will certainly add more catalyst to the share price.

Posted by Heavenly PUNTER > 2019-03-07 08:00 | Report Abuse

HAHAHAHA

Posted by upsidedown119 > 2019-03-08 18:06 | Report Abuse

Hold tight.

Posted by upsidedown119 > 2019-03-08 18:10 | Report Abuse

abcb, please give link to the report of AWC meeting with the fund managers.

Posted by DO RE MI > 2019-03-12 10:40 | Report Abuse

awc is good...but at the moment no big player to push.wait for good news then only can move.

Posted by martinbartesque > 2019-03-12 12:53 | Report Abuse

There has huge volume to block in every single price. It depends on how you see it. If you want to sell the share, sure you will Q to sell it at higher price to get maximum gain.

For me, the huge Q volume to sell is to block the share price from increase. Most simple reason is someone would like to collect it at lower price.

Posted by foreverchung > 2019-03-12 15:42 | Report Abuse

Trackwork holders release bit by bit.

Posted by abang_misai > 2019-03-12 16:13 | Report Abuse

Operators are buying AWC-Wa. Good sign. They will push AWC mother soon to sell their wa.

Posted by DO RE MI > 2019-03-12 16:21 | Report Abuse

martinbartesque...+1

Posted by abang_misai > 2019-03-12 16:28 | Report Abuse

finally breakout

Posted by abang_misai > 2019-03-12 17:02 | Report Abuse

TP 1.10, Wa TP 0.40.