The past few days are collection from 46 sen from contra players. Now that the selling is finished, we should be seeing another attempt to break 50 sen. Any price below 47 sen is a bargain. Collect asap.
Remember the fast rise from 44.5 sen to 49.5 sen? The sharp rise was slowed down temporary by profit taking. However now at 46.5 sen we should see another round to push above 49.5 sen. The current selling is slowly finishing as we can see buyers are coming back.
The uptrend is expected to resume today after 3 days of down trend due to profit taking. The 3 days selling volume suggest that the selling is completed as AWC will rebound from this point.
AWC is fundamentally strong with huge cash reserves...waiting anytime for share buy back...that was in their AGM. So i believe if you keep, it will continue to grow. The immediate term is to break 50 sen and the show is starting today. If today cannot break next week will break. Don't sell too early. Hold for longer term.
Look at Frontkn, The company buy back the shares and the stock price rise very fast. AWC is also going to buy back their shares...look at the AGM agenda. If you invest and stay long term, one day it will shoot up very fast when the company starts buying back their share. IPO price already 70 sen. It is just a matter of time it will break 50 sen.
The Board of Directors of AWC wishes to anounce that the Company proposes to seek the approval of its shareholders on the proposed renewal of the authority for the Company to purchase its own shares of up to ten percent (10%) of the total issued and paid-up ordinary share capital of the Company ("Proposed Share Buy-Back") at the forthcoming Thirteenth Annual General Meeting of the Company.
A Statement to Shareholders containing the details of the Proposed Share Buy-Back will be despatched to shareholders together with the Company’s 2014 Annual Report in due course.
The case for AWC is different...it has got plenty of CASH $$$$ reserves...and it can buy back its own shares as and when required. This can happen anytime. We need people to be patient not to simply sell. This is a good stock for longer term. So far it has steadily risen from 40 sen to 48 sen. Just another 2 sen to break 50 sen. Do you think impossible next week?
Purchase of up to 10% of the total issued and paid up is quite a lot...sure go up another 10 or 30 sen if you ask me....just stay invested. So far it is uptrend and nothing wrong if you pick up.
@tradervic This is for long term. TP 70 sen. Don't suggest you play contra as the uptrend is slow but it is moving up little by little. If there is share buy back, the movement will be faster.
Yes, good strong counter...not afraid to fall. steady rising up from 40 sen...then 44.5 sen...now 47.5 sen....next stop 49.5 sen....then 55 sen....60 sen....70 sen....hahaha...steady AWC Automated Waste Collection....now steady income good inflow...cash aplenty...anytime share buy back like Frontkn...then huat huat...buy and keep.
Evening session if can break 48.5 sen then can go up above 50 sen. Anything can happen. That new share biohldg also fly like nobody business and if you compare the fundamentals to AWC, AWC is better than Biohldg. AWC is solid as it rise steadily upwards.
@samer Yes, 47.5 sen is a good price. The uptrend is steady. Keep for longer term. Many people are accumulating slowly as we know the share is slowly being mopped. If you are willing to hold tight for a few months, you will be rewarded. No need to play other shares. Better results are anticipated in the coming QR report!
AWC looks great both fundamentally and technically. Strong support at 47 sen and it is waiting to break 50 sen soon. Good prospect.
- New 10 year concession for facilities management services in Southern Zone and Sarawak - Strong opportunity in Sarawak state with collaboration with CMSB - Provider of "Smart Environment System" under the name of STREAM, an automated pneumatic waste collection system which is used in Malaysia (Iskandar Region), Singapore and Middle East currently.
Today AWC will rebound and retest 49.5 sen. Look at Novamsc. Staying at 16 sen for so long and suddenly surge to 23 sen. if AWC surge sure go above 60 sen. AWC looks promising. Today DJIA surge 200+ points. The whole world is bullish. I think the consolidation phase AWC should end and a rebound is coming. Maybe this week. Lets see! Good luck bro. A stock like Biohldg can go to a high of 47 sen...AWC is much better and stronger than Biohldg. Sure it is under valued at 47 sen...AWC should be worth 70 sen.
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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....
dynafocus91
27 posts
Posted by dynafocus91 > 2015-04-16 16:45 | Report Abuse
Wow, JE u r so professional to explain this....so what is your prospect about this stock?