InvestIdeas

not vested

ISOTeam (ISO SP, Buy, TP: SGD0.515) Initiation Coverage Sprucing Up The Lion City

We initiate coverage of ISOTeam with DCF-derived TP of SGD0.515 which results in a 20% potential upside and we recommend BUY.

ISOTeam is a market leader in the Repairs & Redecoration (R&R) and Addition & Alteration (A&A) segments in public sector projects in Singapore.

The R&R business boasts defensive, recurrent qualities while the A&A business complements the former, with both riding on government initiatives.

Source: DMG

not vested

Outlook sunny for ISOTeam

By Zavier Ong

SINGAPORE (Aug 26): RHB has maintained its “buy” call for construction and engineering company ISOTeam, with a target price of 54 cents.

The research house expects the group to secure more contracts from the renewable energy sector, noting that the partnership between Sunseap Leasing and ISOTeam has progressed well since their initial project in 2016.

Looking ahead, the research house expects Sunseap to continue passing on more solar panel installation projects to the company, while noting that ISOTeam has a high chance of winning some local projects in Myanmar.

The company has a current order book of $94.1 million but RHB analyst Jarick Seet says the company is likely to make further acquisitions to complement its business model.

Key risks for the company include an economic slowdown and changes to labour law.

As at 2.40pm, shares of ISOTeam were unchanged at 41 cents.

Source: The Edge

http://smr.theedgemarkets.com/article/o ... ny-isoteam

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