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