SINGAPORE (Aug 25): Advancer Global offers moderate risk and a potential upside of 24% based on its fair value estimate of 50 cents against its current price, according to DBS Vickers Securities.

“Advancer Global is in a fairly defensive business of offering necessity services, including workforce solutions, cleaning & stewarding and security services,” says DBS analyst Ling Lee Keng. “These services are needed in both good and bad times.”

While Advancer Global is currently “not rated” by DBS, the research house is bullish about the growth potential of the integrated manpower solutions and facilities management services provider.

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