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.
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.
