Advance SCT Limited was incorporated in Singapore on 8 April 2004 and listed on SGX-SESDAQ on 24 November 2004. The Group started off by offering printed circuit board (PCB) testing services, distributes PCB related materials and equipment, and rents PCB related equipment. As a provider of customised testing solutions and testing equipment, it seeks to provide a comprehensive range of cost-effective, reliable and cutting edge testing products for the PCB industry.
With recent acquisitions, Advance SCT now had two engines of growth, namely:
• Recycling and Supply Chain Management of Copper Related Materials
• Printed Circuit Board and IC substrate testing services
Advance SCT currently is one of the leading recycler of Copper in Asia. In pursuit of both environmental friendliness and commercial objectives, it had amassed the capacity to recycle, manage and re-process more than 80,000 tonnes of ferrous, non-ferrous metal and other materials annually. Advance SCT is a diverse yet synergistic group of companies integrated to better serve our global customers with a wide range of high quality ferrous, non-ferrous metal and other material scraps through a worldwide collection network to meet various market needs. It also serves more than 21 trading houses and 10 smelting factories in 12 countries i.e. Japan, Korea, Malaysia, Thailand, Hong Kong, Taiwan, India, China etc. Its subsidiary was awarded International Enterprise Singapore?s Singapore International 100 award for being one of the largest Singapore companies that are internationalized.
Advance SCT is growing its businesses and network very quickly, both organically and through mergers and acquisitions (People's Republic of China, Taiwan, South Korea and Thailand).
DMG has called for a 12mths target price at $1.60.
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