AWC Berhad Cashed up and ready for takeoff ■ AWC’s core expertise lies in facilities management, waste collection systems and environmental businesses. ■ Earnings are at an inflection point and ready to take off in FY16, driven by its concession rate increase and strong growth in its environmental businesses. ■ 40% of its market cap is cash and trading at FY17 P/E of 8.3x, ex-cash P/E of 4.7x. ■ We initiate coverage with an Add rating. Our SOP-based target price is RM1.13, with the business valued at a 10% discount to its larger-cap peer, UEM Edgenta.
Top up another 100,000 shares at RM0.805. CIMB Research 1st TP is RM1.13 and 2nd TP is RM1.19. Hope that the market sentiment is good enough next month.
Share price seems a little over hyped with about 70% increased in less than 3 months. When you look at the order book, its revenue and profit would certainly continue to grow in the next few quarters. Is it AWC over valued after the rally?
PER: 15.5x DY: 2.5% Gearing: Net cash Outstanding order book: > RM 700 million
EPS: 31 Mar 16 - 2.25 cents 31 Dec 15 - 1.46 cents 30 Sep 15 - 0.56 cents 30 Jun 15 - 0.97 cents 31 Mar 15 - 0.25 cents
Revenue: 31 Mar 16 - RM 75.3 million 31 Dec 15 - RM 60.2 million 30 Sep 15 - RM 37.8 million 30 Jun 15 - RM 33.7 million 31 Mar 15 - RM 31 million
Profitability: 31 Mar 16 - PBT RM 8.9 million 31 Dec 15 - PBT RM 7.1 million 30 Sep 15 - PBT RM 2.1 million 30 Jun 15 - PBT RM 2.1 million 31 Mar 15 - PBT RM 1.4 million
Dear Up_down, thank you for your detail analysis. AWC has consolidated for 30 trading days already after the rise from 0.475 to 0.795. I think the next quarter results will provide a new wave for AWC to breakout from the current price of around 0.70 - 0.83.
8wpwtmt8. It's a good opportunity for us to top up if the price maintain at this level even though the company has reported higher earnings in coming QR.
Dahulu naik dari RM0.465 (pada 20.04.2016) hingga RM0.795 (pada hari keputusan suku ketiga pada 24.05.2016). Sekarang (20.07.2016) bolehkah ia naik dari RM0.82 hingga RM1.13 (harga sasaran CIMB) pada 29.08.2016 (keputusan suku keempat)?
Patience, patience, do have patience. Flushing out weak holders and waiting for the QR to be announced in Aug 2016. Expected it to be good and better than previous quarters basing on the past figures and numbers. Just another sen worth of my personal opinion and risks are all yours to take..........kakaka
better close above 0.83 fly out from box trading, high chance to fly. If still inside box, may fly may not. Hurm..but its seem the buyer already come in now.
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....
stockbreaker87
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Posted by stockbreaker87 > 2016-07-04 16:44 | Report Abuse
oic...thx for telling... selamat hari raya to everybody......