Company Background: 
AWC is the premier provider of total asset management and provides “one stop” integrated facilities management services to building facilities owners, our hallmark is commitment to quality, consistency and safety. AWC provides integration of key facility systems that manage electrical distribution, lighting, air-conditioning and security. AWC’s proprietary brand STREAM uses the breakthrough pneumatic technology for waste collection. Its pneumatic waste conveying system transports municipal or household waste at high speeds via reticulated pipes to a central handling facility. AWC provides pro-environment solutions in refrigeration, air-conditioning, light and energy management and control device for time, pressure, humidity and temperature for a variety of businesses and industries.

Quick & Dirty Desktop Valuation 
Not too bad – current price is at approx. 20% discount to indicative equity value
FA_AWC

 

 

Quick Technical View

The key question is whether this stock can hold above its support level of $0.965. If it breaks this level, next support will most likely be at around $0.925. Current trend seems to suggest that it is on a downtrend unless it can break above the resistance point of $1.08.

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Prospects

For reasons only known to Management, they appear to be ‘quite optimistic’ with the future prospects of the company.

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My Personal View

I like companies that are backed by long term contracts. Stable and growing cashflow are key ingredients for companies to create value for their shareholders. AWC is a simple company with an easy-to-understand business model. Nevertheless, a point of caution is that its core business is relatively correlated with the property / real estate / office (which appears  rather bleaky at this point in time).

 

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