Cash/Ringgit yield is low today and anticipated to be lower by Sept should BNM cut OPR again. I will keep a modest cash amount for emergency and parked the rest in good companies like TG; at least for the next 12-18 months.

More cleaning services required with the pandemic still lurking. Healthcare, PPE, disinfecting services will continue be the themes for 2020 and beyond.

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.

Looks like someone or Fund(s) is collecting the past few weeks. Will be interesting to see who but we will never know if the shareholding is below 5%

Co should consider merging with UEM Edgenta to have more synergy and competitiveness.

Share buy back should commence soon.

I will be happy if it touches RM1.00. Have quite a lot invested in this company.

Despite PAT increasing by almost 10% YoY, EPS only up by 1.3% YoY due to too many ESOS and Shares issued for acquisition of Trackworks. Unless these business start to deliver better results, the dilution in EPS will be even more in the coming quarters.

Trains and Rails, along with the full year results next month - hopefully this will be the catalyst.

Certainly hope not! The company has too many ESOS and that's one of the main reasons on the lagging price despite the positive financials and fundamentals. Overall too many shares issued / to be issued to staff and for acquisitions. Hopefully their Rail business will start getting new projects and the Concession business gets to recoup the unbudgeted expenses incurred in the past quarter.

Qtr results should be out next week. If there are no negative surprises, financial results should be good with Trackworks profit guarantee. One lacking item is the company has no clear dividend policy.

Rail could be the next "real" play on Bursa and let's see if Trackworks can be part of this wagon (no pun meant).

Cross over should occur before dividend ex date. By then MA50 should be higher than MA200.

Company’s PE is still attractive. I will still accumulate on weakness. Have been accumulating for the past 2 years. Anxious to see the next Qtr results, which should be positive. Outlook for the year is also encouraging with the new projects and with orderbook above RM1bil.

More than 7mil new shares to be listed tomorrow. Let’s see how well the market absorbs them. The recovery today to close unchanged was pleasantly surprising since overall market sentiment is weak.

Opportune time to collect pre-dividend ex date. Also a good time to swap warrants to mother share. I am keenly waiting for news on their Rail business - anticipating new projects esp should ECRL be approved next month.

Sell on strength and start looking at companies with more predictable and sustainable cashflow and have NO debt or Cash positive. O&G companies that have too much debt will be problematic during times when financial market liquidity is tight and rising interest rate trend.

Good time to take profit on the warrants and buy the mother share which has dividends coming-up.

Have to include the free warrants that were given earlier. Dividends should be improving in the next 2 years.

I am pleasantly surprised with the interim dividend that was just announced. Good to see Management is listening and rewarding the minority shareholders.

The next 2 quarters will be defining. If earnings can be sustainable with good growth along with new projects being awarded then the price should be at least RM1.26 per CIMB report. The inclusion of a new majority / strategic shareholder like EPF will certainly add more catalyst to the share price.

Considering the sharp rise in share price, one may consider swapping Dayang for AWC. AWC is in a different business segment but recent quarters have shown strong financial growth and is still trading at single digit PE.

Mr Market is not rationale and is emotional. Outlook for 2019 is positive from all biz segments but need to be watchful for project delays and collections/receivables. Another key risk is Concession termination by Govt which will come with compensation (like what is happening now with toll concessions). Have to also account for Trackworks profit guarantee of RM8mil and RM12mil for the next 2 years which will be positive for EPS. I will continue to accumulate on price dips.

SMA 200 has been breached today. If the volume and price continues to hold, it will be interesting to see the next level of price resistance.

KC Teh - 3,223,000 shares at of yday. Irrespective of how many shares each of us have, it is . important for us to make sure we have done our research and homework correctly before we invest in any company. I like AWC for its consistent and predictable cashflow and earnings via its concession business segment. I have challenges accepting the high salary AWC MD is being paid and the outlook for its engineering business considering construction sector will be flat this year and next in Malaysia; even globally looks challenging.

Have bought from RM0.61 sen to RM1-00....and still nibbling to accumulate :)

Mr Market is always not rationale and emotional. Have been reading a lot of coverage on other companies like Carimin which had recently just showed a turnaround vs AWC which has always been profitable and expecting better results post acquisition of Trackworks; but share price of AWC continues to lag behind but hopefully not for long. I have acquired more than 1% of AWC the past 2 years and will continue to invest as long as the financial performance continues to be satisfactory.

To win a contract in Singapore where it’s very competitive is a commendable achievement for the company. I am still accumulating despite the current downtrend in price. Eagerly waiting for next month’s quarterly report which will have Trackworks contribution and hopefully strong catch up on previous delayed projects in Environment and Engineering business segment.

The profit / EPS will be diluted due to new shares issued for TW. We hope the profit will out weight the dilution.

Opportune time to switch from warrants to Mother Share

Could there be value emerging; with a new substantial shareholder - US Hedge Fund emerging ?

AGM & EGM in a few hours.....bonus warrants very likely to be approved, ex date for dividends announced yday. Hopefully Qtr results do not disappoint when it is announced by this week.

Circular for warrants is out - theoretical exercise price set at RM0.83 per warrant. Slight upside for Share price the next few weeks ? Will be interesting to see the Warrant listing price end of next month.

Technically there should be some upside next week esp after the bonus warrants are approved by Bursa. Counterclaims are a classic and common "delaying tactics" used by many parties.

Upward price momentum has been pleasantly surprising. Question is how long can this go ? Who’s pushing this up ? Interesting to note the vendors of Trackworks are getting AWC shares at RM1.00 each for the balance acquisition price.

A positive and clear sign that the new Government administration has no adverse comments and is happy with AWC’s services with the extension of 2 contracts in Putrajaya.

Acquisition of Trackwork is on track again.....should we expect better days ahead and upward movement of price ? The past few days have seen an upward push on both volume and price. Hopefully it’s sustainable.

Rail is in vogue again. Post acquisition of Trackwork (should / when it happen) should be interesting to see the impact to AWC’s earnings.

Positive to see EPF continues to buy and accumulate this company.

May be better on hindsight since there’s so much of negative news on rail business with HSR scrapped and uncertainties on ECRL

Good to see EPF buying this week. Reflecting some level of confidence in the company post election.

Agree - Looks good this quarter. Much improved QoQ. Share price should head upwards tomorrow. My concern is on their outstanding orderbook. The company needs to replenish them this year and hope with the new Government there’s better transparency in contract bidding.

Watch the technical signs. Barring any unforeseen negative news on company or quarterly earnings, the signs are positive.

I believe management is working well. They just need more PR and publicity coverage on the company with more emphasis on the environmental and new Rail business.

EPF re-emerges as a substantial shareholder with 6% stake, single Largest shareholder continues to accumulate the past week; CIMB revised target price post acquisition of Trackswork is RM1-28; are these signs of an undervalued company ?

As long as it’s value accretive, minority shareholders should be ok. Probably rail related.

CIMB has a more aggressive price target of RM1.28 on 22 Feb 2018. But the “best price target” is our own analysis and research.

https://www.thestar.com.my/business/business-news/2018/02/26/new-rail-player-in-town/
Exciting new opportunities in the Rail sector.

Positive takeaways from quarterly financials - % net profit / revenue attributable to shareholders has improved QoQ and YoY.
Negative takeaway - No dividends declared this quarter.
Question - Is Management conserving cash for M&A or new projects ?

Barring any negative surprises in Quarterly financial report due this week, the company is trading at an attractive PE. If there are new projects to be won in the coming months along with the RM1.1bil projects in-hand , current price is very attractive. I am keen to see what plans they have for AWC Rail which was incorporated in June 18.