Advancer Global: (S$0.44) Buying two real estate management service providers
- Acquiring 76% stake in two real estate management service providers for $3m, or 9.7x P/E and 3.8x P/B.
- The deal is expected to raise pro forma FY15 EPS to 3.59¢ (+6.8%) and lower its NTA/share to 1.98¢ (-46.2%).
- At the current price, Advancer is trading at 17.3x trailing P/E and an indicative dividend yield of 2.9%.
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