This article first appeared in The Edge Financial Daily on September 21, 2018

AWC Bhd (-ve)
TRADING of shares in AWC Bhd (fundamental: 2.8/3, valuation: 1.2/3) triggered our momentum algorithm yesterday for the first time this year.

The stock rose 1.5 sen, or 1.86%, to close at 82 sen, with a market value of RM223.8 million, after 3.89 million shares were traded, compared with its 200-day average volume of 836,767.5 shares.

AWC’s net profit slumped 26% to RM4.4 million in the fourth quarter ended June 30, 2018, compared with RM5.9 million a year ago, despite revenue rising 10% to RM94.15 million from RM85.96 million.

For the full financial year, AWC’s net profit fell 3% to RM21.38 million from RM22.02 million a year earlier, though revenue grew 3% to RM303.96 million against RM296.5 million a year ago.