Advanced Hldgs

Advanced Hldgs: Secured $16.8m worth of contracts. These include Process equipment and analyser systems to three refineries totaling some $9.4m. These end-customers include major petrochem and chemical players such as Shanghai Coking and Chemical Corporation, Hengli Petrochemical (Dalian) Co., Ltd and Sinopec. Another $7.4m are for provision of equipment to world-class engineering companies such as Larsen & Toubro Limited, Worley Parsons Ltd and JGC Corporation. Advanced trades at 18.4x current P/E.