AWC Bhd’s wholly owned subsidiary, Trackwork & Supplies Sdn Bhd, has secured a contract worth nearly RM59 million to replace the aluminium power conductor rails on the Ampang Line for Prasarana Malaysia Bhd. The project is scheduled to run over three years and includes a two-year defect liability period, ensuring that any issues arising post-completion will be addressed by the company.
In a filing with Bursa Malaysia, AWC highlighted that this contract forms part of its ongoing rail infrastructure projects, reflecting the group’s continued presence in Malaysia’s urban transport sector. The award adds to AWC’s growing order book, which, according to Hong Leong Investment Bank Research following its previous contract win on Nov 17, is estimated at RM785 million. This total comprises RM473.1 million in facilities projects, RM187 million in environmental works, RM83.6 million in engineering projects, and RM43.3 million in rail-related contracts.
AWC’s latest quarterly results for the three months ended Sept 30, 2025, showed a core net profit of RM4.2 million, which fell short of market expectations. The underperformance was largely attributed to slower-than-expected billings from the Middle East, which affected contributions from its environment segment.
Despite these challenges, the new Ampang Line contract demonstrates the group’s resilience and strategic focus on diversifying revenue streams across its key business segments, including rail, facilities, environment, and engineering. The contract also reinforces AWC’s long-term positioning as a reliable partner for large-scale infrastructure and urban transport projects in Malaysia.
Shares of AWC closed at 59 sen on Tuesday, down 0.84%, giving the company a market capitalisation of RM200.2 million. The stock has declined by 35.87% year-to-date, reflecting broader market pressures, but investors who entered at lower price points continue to see potential upside as the company expands its order book and executes on key projects.
