PETALING JAYA: AWC Bhd
is poised for improvement in earnings for financial year 2024 (FY24) as it is a good proxy, among others, to rising environmentalism, particularly, among corporations.
Kenanga Research said the company is at the forefront of automated waste management and green building services, including energy management and rainwater harvesting.
The brokerage said AWC is poised for a step-up in earnings in FY24 after having plugged the earnings leakages from key earnings contributor Stream Group, adding that it projects FY24 net profit to surge to RM19.9mil from RM2.1mil a year ago.
“We project its FY25 net profit to grow 26%, driven mainly by the full-year impact of the full ownership of Stream Group.
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