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Last $0.0010 SGD
Change Today -0.001 / -50.00%
Volume 1.5M
ASCT On Other Exchanges
Symbol
Exchange
Singapore
As of 8:58 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

advance sct ltd (ASCT) Snapshot

Open
$0.0010
Previous Close
$0.0020
Day High
$0.0010
Day Low
$0.0010
52 Week High
04/22/14 - $0.0030
52 Week Low
09/19/14 - $0.0010
Market Cap
14.9M
Average Volume 10 Days
6.0M
EPS TTM
$0.0002
Shares Outstanding
14.9B
EX-Date
05/6/09
P/E TM
5.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for ADVANCE SCT LTD (ASCT)

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advance sct ltd (ASCT) Details

Advance SCT Limited, an investment holding company, primarily produces and supplies copper-based products to electronic and power industries worldwide. The company’s products include refined copper balls used in the plating of printed circuit boards; and Cuprobraze radiators, which are heat exchangers. It also holds investments in wastewater treatment facilities in China, as well as invests in manufacturing technologies. The company was founded in 1995 and is based in Singapore.

Founded in 1995

advance sct ltd (ASCT) Top Compensated Officers

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Executives, Board Directors

advance sct ltd (ASCT) Key Developments

Advance SCT Limited Announces Audited Consolidated Earnings Results for the Year Ended 31 December 2014

Advance SCT Limited announced audited consolidated earnings results for the year ended 31 December 2014. For the year, profit after tax was SGD 1,003,000 against SGD 2,061,000 reported earlier. The net impact of SGD 1,058,000 was due mainly to the audit adjustments for: (i) Further allowance for impairment of trade and other receivables of SGD 186,000 up to the date of the audited financial statements as assessed by management. (ii) Non-recognition of a consulting fee of SGD 500,000 in Other Incomes as a result of further delays in respect of a current project collaboration subsequent to the release of the preliminary unaudited results 2014 up to the date of the audited financial statements as further advised by management. (iii) Reduction of SGD 195,000 in bad debt recovered as estimated by management, pending confirmation from the liquidator. (iv) Further allowance for impairment on Property Plant and Equipment of SGD 117,000 up to the date of the audited financial statements as a result of certain machineries being idle and thereby no longer generating income as further advised by management. Revenue was SGD 69,878,000 compared to SGD 80,880,000 a year ago. Profit before income tax was SGD 1,049,000 compared to loss before income tax of SGD 6,817,000 a year ago. Net profit for the year was SGD 1,003,000 compared to net loss for the year of SGD 6,954,000 a year ago. Total profit/(loss) after tax attributable to Equity holders of the company was SGD 1,999,000 compared to total loss after tax attributable to equity holders of the company of SGD 6,342,000 a year ago. Diluted earnings per share attributable to owners of the company were 0.02 cents against diluted loss per share attributable to owners of the company of 0.18 a year ago. Net cash used in operating activities was SGD 7,590,000 against net cash generated from operating activities of SGD 1,210,000 a year ago. Purchase of property, plant and equipment was SGD 1,021,000 against SGD 189,000 a year ago. The net impact of changes in cash generated from operations was mainly due to the audit reclassifications on non-cash items and changes in working capital items. Net book value as at 31 December 2014 was SGD 3,365,000 against SGD 2,626,000 a year ago.

Advance SCT Limited Receives Notice For Inclusion On The Watch-List From SGX-ST

The Board of Directors of Advance SCT Limited announced that the Singapore Exchange Securities Trading Limited (the “SGX-ST”) has notified the Company that it will be placed on the watchlist with effect from 4 March 2015. The Company will have to fulfill the requirements under Rule 1314 of the SGX-ST Listing Manual for its removal from the watch-list within 24 months from 4 March 2015, failing which the SGX-ST may either delist the Company or suspend trading in the Company’s shares with a view to delisting the Company from the SGX-ST. Listing Rule 1314 states that an issuer may apply for its removal from the Watch-list if it satisfies any one of the following requirements:- (i) records consolidated pre-tax profit for the most recently completed financial year (based on the latest full-year consolidated audited accounts, excluding exceptional or nonrecurrent income and extraordinary items) and has an average daily market capitalisation of $40 million or more over the last 120 market days on which trading was not suspended or halted for a full market day; or (ii) satisfies Listing Rule 210(3) and either one of the following requirements:- (a) cumulative consolidated pre-tax profit of at least $7.5 million for the last three years, and a minimum pre-tax profit of $1 million for each of those three years; or (b) cumulative consolidated pre-tax profit of at least $10 million for the last one or two years. Listing Rule 210(3)(a) applies to the last one year or last two years as the case may be. The Company would like to notify all its shareholders and business partners that the Group’s business shall continue as usual, and that trading in its securities will also continue unless a trading halt or suspension is effected.

Advance SCT Limited Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

Advance SCT Limited reported unaudited consolidated earnings results for the year ended December 31, 2014. For the period, the company reported revenue of SGD 69,730,000 against SGD 80,880,000 for the same period in the last year. Profit before income tax from operations was SGD 2,107,000 against loss before income tax of SGD 6,817,000 for the same period in the last year. Profit for the year attributable to the owners of the company was SGD 2,964,000 or 0.03 cents per basic and diluted share against loss for the year attributable to the owners of the company of SGD 6,342,000 or 0.17 cents per diluted share for the same period in the last year. Net cash used in operating activities was SGD 4,836,000 against net cash generated from operating activities of SGD 1,210,000 for the same period in the last year. Purchases of property, plant and equipment were SGD 1,584,000 against SGD 189,000 for the same period in the last year. Profit from operations was SGD 3,344,000 against loss from operations of SGD 5,515,000 for the same period in the last year.

 

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Industry Analysis

ASCT

Industry Average

Valuation ASCT Industry Range
Price/Earnings 3.5x
Price/Sales 0.2x
Price/Book 1.7x
Price/Cash Flow 5.0x
TEV/Sales NM Not Meaningful
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