This article first appeared in The Edge Financial Daily, on June 14, 2016.
AWC Bhd (+ve)
SHARES in AWC Bhd (fundamental: 2.8/3, valuation: 1.1/3) triggered our momentum algorithm as the counter moved up by 2.52% to 81.5 sen with 19.3 million shares changing hands.
Its share price has climbed by nearly 57% since it last featured on “Stocks with Momentum” on April 25, 2016.
On June 9, AWC announced that a tender submitted for the facilities management of Terminal Bersepadu Selatan (TBS) had been accepted by the government of Malaysia. The fee for the maintenance of TBS is approximately RM130 million over a period of five years.
Besides the announcement of the new contract, AWC’s latest financial results for the third quarter ended March 30, 2016 (3QFY16) grew by 10 times to RM5.76 million from RM575,000 in the corresponding quarter a year ago. Its cumulative results up to the end of 3QFY16 at RM10.76 million already exceeded the previous full financial year net profit of RM8.08 million.
AWC (7579) - Stock With Momentum: AWC
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