Tuesday, February 24, 2015
'Like' - AWC
It provides integrated facilities management services including electrical distribution, lighting and security as well as pneumatic waste conveying systems.
The company has three main divisions – Facilities, Environment and Engineering. The Facilities division mainly derives income from a facilities management concession with the Federal Government which provides a stable stream of income. It is also venturing into facilities management for hospitals.
The Environment division provides design, installation and commission services for projects in Malaysia, Singapore and the Middle East. The Engineering division provides building control, heating and cooking systems for buildings.
Its net profit declined from FY June 2010 to FY2012 followed by a recovery in FY2013 to FY2014. Its net profit for FY2014 was at rm5.9 million after stripping out a gain on disposal of assets.
It is trading at near its book value of rm0.38 with a trailing 12 month PER of 4.27 times. It is backed by a net cash of rm40.5 million.
AWC has cash of RM70 mil as at 31.12.2014.
ReplyDeleteCorrection. As at 31.12.2014, AWC has cash of RM70.62 Mil and loan of RM2.62, thus its net cash is RM68 Mil. Cash per share is RM0.30. Now trading at RM0.345.
ReplyDeleteLast quarter EPS is 1.11 sen,annually it would be 4.44 sen. At current price of 35 sen, PER is 8 times.
Cheap......