Acquisition by AWC of 60% equity interest in Tracwork and Supplies Sdn Bhd for a purchase consideration of RM43.5 million AWC will issue and allot the Tranche 4 consideration shares with an aggregate value of RM5,968,736 to the sellers based on the five (5) day VWAP of AWC shares up to and including 17 March 2020 of RM0.2948,the issue price of the Tranche 4 consideration shares will be issued and allotted to the sellers
Commentary on Prospects The Board is cautious of the Group's performance to the final quarter of the current financial year in view of the Covid 19 pandemic that afflicted the country resulting in the Government's implementation of a MCO since 18 March 20 Projects undertaken by the Group's Engineering,Environment and Rail Division have had to comply and conform with the MCO with only facilities division remaining operational
Facilities biz esp healthcare should be doing well considering all the anxiety and fear on second wave of Covid19 and now it seems a real concern. And there will also be adjustment of Govt concession payment from 1 Jan 2021. Rail biz and Environment will take some time to pick up hopefully in 3Q 20 after RMCO.
More cleaning services required with the pandemic still lurking. Healthcare, PPE, disinfecting services will continue be the themes for 2020 and beyond.
Maintenance work not very very lucrative just good for cukup makan low risk, share price pun slow slow move. Trading project or manufacturing work earn more money, that what I always told my engineering student
I think AWC needs more time before anything substantial can move it. Need to secure big railwork projects for RTS / ECRL, increase recurring revenue then maybe it will shoot up.
RTS wise, could be a big win if they manage to get this. Since AWC has past relationship with SG, can serve as a good intermediate between SG/MY. Hopefully AWC did get to partake in the tender process.
Meanwhile with the Aircond Division Shuttered since Q1 2020, I wonder how will it impact the maintenance contracts for Putrajaya offices once the contract is renewed if this is included in the package.
It on hand value can busy until 2023. All high profit margin govn projects. So, why are people nowaday chasing lousy counter and overlook for fundamental stock
Retailer who chase anzo, pdz , komark, at , vsolar all will pay big lost to syndicate becoz those are zero value stock. Those directors all sleeping at home and thinl how to cheat retailer money to their own pockets.
So, my advice was choose good fundamental growth stock like awc . Reseach house cimb rate target price 1.26. Plenty of room to spike somemore and limited space to dpwn. This awc really can let u sleep well and eat well without worry.
MEMORANDUM OF UNDERSTANDING AWC BERHAD ("AWC" OR "THE COMPANY") - MEMORANDUM OF UNDERSTANDING ENTERED BETWEEN DD TECHNICHE SDN BHD ("DDT"), A WHOLLY-OWNED SUBSIDIARY OF AWC AND TECHKEM UTILITIES SDN BHD
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....
monetary
4,447 posts
Posted by monetary > 2020-06-09 22:10 | Report Abuse
confirmed took off. look at the volumn.