Advancer Global

Corporate moves

Advancer Global proposes subsidiary spin-off on Nasdaq

The company has consulted with SGX-ST and received no objections to its plans.

Corruption probe

TEE International CEO relieved of duties over unauthorised remittances; incident may raise questions over spin-off

(Sept 16): TEE International appears to have been hit by a scandal. The engineering firm said on Sept 4 that a total of $6.55 million had been remitted from the company to other entities, including those owned by its group CEO Phua Chian Kin, without the

Broker's Calls

4 top stock picks for 2019 as SAC remains 'cautiously optimistic' amid volatile market conditions

SINGAPORE (Dec 19): SAC Advisors says it remains “cautiously optimistic” about the Singapore market in 2019, despite volatile market conditions on the back of global geo-political risks.

Advancer Global secures facilities management contracts worth $10.7 mil for 1Q18

SINGAPORE (Apr 24): Advancer Global announced that it has secured $10.7 million worth of contracts under its facilities management services division, which comprises its building management and security services businesses, for 1Q18.


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.

In print this week

Advancer Global launches customisable integrated smart security systems

SINGAPORE (Mar 9): Advancer Global says its 70%-owned subsidiary, AGS Integration (AGSI), will provide customisable fully-integrated smart security solutions to address rising security threats as well as the increasing challenges faced by the security ind

Broker's Calls

SAC's rating on Advancer Global unchanged before meeting with management

SINGAPORE (Mar 2): SAC Advisors is keeping its “buy” rating on Advancer Global with a target price of 36 cents.


Advancer Global posts 14.2% rise in FY17 earnings to $3.1 mil

SINGAPORE (Mar 1): Integrated services provider Advancer Global announced a 14.2% rise in FY17 earnings to $3.1 million from $2.7 million a year ago on higher revenue and gross margins across its business segments.


TEE International and Advancer Global in JV to acquire waste management group for $18.5 mil

SINGAPORE (Nov 20): TEE group, Advancer Global group and an undisclosed investor have formed a joint venture to acquire a 100% stake in Chiang Kiong group, a waste management provider, for $18.5 million.

TEE International and Advancer Global forge alliance to pursue new business opportunities

SINGAPORE (Sept 11): TEE International and Advancer Global have formed a partnership to allow for a strategic collaboration to pursue new business opportunities.