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Cross-selling potential of expanded range of services keeps Advancer Global at 'buy'

PC Lee
PC Lee3/20/2018 11:47 AM GMT+08  • 2 min read
Cross-selling potential of expanded range of services keeps Advancer Global at 'buy'
SINGAPORE (Mar 20): SAC Advisors is maintaining its "buy" call on Advancer Global with a target price of 36 cents, as it forecasts strong earnings growth based on its defensive business model and solid M&A track record.
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SINGAPORE (Mar 20): SAC Advisors is maintaining its "buy" call on Advancer Global with a target price of 36 cents, as it forecasts strong earnings growth based on its defensive business model and solid M&A track record.

Advancer Global's recent acquisition of a 20.1% stake in waste manager Chiang Kiong, which expands its range of service offerings, is expected to be earnings accretive this year.

Meanwhile, Advancer Global has net cash of more than $8 million and is forecast to deliver 3.8% and 5.1% dividend yields for FY18 and FY19 respectively.

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