On a QoQ basis, the revenue had decreased across all divisions as above, by RM9.1m/-10.2%.
In addition to the lower revenue recorded, PBT for the quarter under review was further weighed down by cost overruns in a project undertaken by the aircond segment of the Engineering division (RM1.3m), deferred revenue recognition arising from MFRS 15 (RM0.5m), patent registration and maintenance costs (RM0.9m) from the Environment division as well as a one-time amortization charge against intangible assets computed pursuant to MFRS 3, arising from the acquisition of Trackwork and Supplies Sdn Bhd which was completed during the year (RM3.0m).
AWC should instead deliver higher Q4 EPS 1.7sen if exclude one off item total RM 4.7m. Next Q result should return to normal. As long as AWC concession remain intact, it will ensure long term earning visibility. AWC strong cash flow enable it to reward higher dividend for shareholder. Declare double higher dividend for final dividend from 0.5sen to 1 se
Trackworks proft guarantee for FYE 30 September 2018 and FYE 30 September 2019? since financial 2019 almost finish, who can give suggestion about this ?
EX-date 13 Dec 2019 Entitlement date 16 Dec 2019 Entitlement time 05:00 PM Entitlement subject Final Dividend Entitlement description Final Single-Tier Dividend of 1.0 sen per ordinary share Period of interest payment to Financial Year End 30 Jun 2019 Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement Registrar or Service Provider name, address, telephone no TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Tel:03-27839299 Fax:03-27839222 Payment date 31 Dec 2019 a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 16 Dec 2019 b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. Number of new shares/securities issued (units) (If applicable) Entitlement indicator Currency Currency Malaysian Ringgit (MYR) Entitlement in Currency 0.01 Par Value (if applicable)
AWC continues to replenish its orderbook strongly and has managed to secure in excess of RM250 million worth of new contracts with a substantial sum secured by the Facilities and Environment Divisions, followed by the Engineering and Rail Divisions. These contract wins contributed to the replenishments its orderbook which as at 30 June 2019 stands at RM978 million.
Of the RM600 million order book under the Facilities Division, RM161 million are Non-Concession contracts with balance of tenures ranging from 2 to 3 years. Remaining contracts totalling RM439 million are under the Concession segment recognizable over a period of 6 to 7 years.
The Environment and Engineering Divisions have outstanding order book values of approximately RM153 million and RM151 million respectively which are expected to keep these Divisions busy over the next 3 to 4 years. The Rail Division has an orderbook of approximately RM74 million which will be recognised over the next 2 to 3 years.
Backed by a strong orderbook which provides good earnings visibility, AWC expect to enhance and better its performance in the coming years. AWC strong presence in Putrajaya was further expanded via the award of new contract under the Facilities Division in the form of Institut Kanser Negara Hospital Support Services contract and Menara PJH. Including this new wins, AWC are now at 8 sites in Putrajaya, maintaining the Buildings of Ministry of Foreign Affairs, Ministry of Rural Development, Ministry of Communications and Multimedia, Palace of Justice, Galeria PJH and the Heriot Watt University Campus.
AWC expect the progress of its projects that it involved in to pick up further and to contribute positively towards performance and optimistic to continue to enhance shareholders value.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
solcsy
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Posted by solcsy > 2019-08-27 16:30 | Report Abuse
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