• AWC has secured three data-centre engineering contracts in the past year, including a RM23.1 million subcontract awarded in August
  • Its facilities arm separately holds a RM99.1 million five-year contract covering TM data centres and buildings at TM Central 1

The fact

AWC's dedicated data-centre engineering order book has reached about RM100 million after three contract wins in the past 12 months, according to a 9 September research note from Apex Securities. The work sits within AWC's engineering division, which provides specialised plumbing, piping and related building systems for data-centre projects.

The latest award came in August, when wholly owned subsidiary Qudotech Sdn Bhd accepted a RM23.08 million subcontract for plumbing, silo tank and internal sanitary works at an undisclosed data-centre project. The contract is scheduled for completion on 10 June 2027. Separately, AWC's facilities subsidiary Ambang Wira Sdn Bhd holds a RM99.12 million contract from TM Technology Services for integrated facilities management covering TM data centres and buildings at TM Central 1. That agreement runs from November 2025 to October 2030 and covers operations, maintenance and support.

The assessment

AWC is competing for work at two different stages of a data centre's life. Qudotech's engineering contracts generate work while facilities are being built, whereas Ambang Wira's TM agreement covers infrastructure once it is in operation. The two businesses therefore give AWC access to separate procurement cycles around the same type of asset.

They should not be treated as one continuous contract opportunity. Data-centre owners and main contractors award construction packages separately from facilities-management services, so winning engineering work does not guarantee AWC a role after the facility opens. The company must compete for each contract independently.

For BTW readers, AWC's exposure now extends beyond construction alone, but its value will depend on repeat wins in both businesses. The RM100 million engineering order book shows growing construction activity, while the five-year TM agreement provides a longer operating-phase contract with a different delivery timetable.

What to watch

Watch whether AWC adds new data-centre engineering contracts as its existing projects move towards completion, particularly beyond the RM23.1 million job due in June 2027. Further facilities-management awards outside the TM contract would show whether AWC can build a repeatable operating-phase business alongside its construction work.