PublicInvest Research

TECHNICAL BUY: AWC (7579)

PublicInvest
Publish date: Mon, 02 Dec 2024, 09:21 AM
PublicInvest
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

Technical chart: AWC

Key Technical Analysis
Last closing price: RM0.865
Support Level Share Price Resistance Level Share Price
1st Support 0.820 1st Resistance 0.925
2nd Support 0.760 2nd Resistance 0.980
3rd Support 0.700 3rd Resistance 1.040

Description

AWC is now a leading engineering services group in Malaysia, with a regional presence in Asia and the Middle East.

Fundamentals

AWC expects positive contributions to its revenue and profit performance from its Critical Asset Refurbishment Programme contract over the next several years. Its ongoing commercial and healthcare maintenance contracts are also expected to support positive contributions.

Key Financial Data
Growth / Ratio FY22 FY23 FY24
Revenue growth (%) 3.28 7.35 4.64
Normalised net income growth (%) -14.53 -69.45 169.12
Return on equity (%) 10.00 0.97 8.95
Return on asset (%) 5.28 0.51 4.40
Price earnings ratio (x) 6.62 68.12 17.28
Price to book ratio (x) 0.63 0.67 1.62
Debt to equity ratio (%) 6.25 8.43 50.53

Source: PublicInvest Research - 2 Dec 2024

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