ISDN kept at ‘overweight’ as it readies for HK debut

SINGAPORE (Jan 11): NRA Capital is maintaining its “overweight” rating on engineering solution provider ISDN with a fair value target of 30 cents for its strong balance sheet and motion control business.

ISDN is placing out 40 million new shares at an issue price of HK$1.25 (23 cents) each for its second primary listing in Hong Kong.

The results of the allocation will be announced today -- the company has just requested for a trading halt -- and will make its debut on the main board of the Stock Exchange of Hong Kong (SEHK) on Thursday.

---

Related Stories

• RHB lifts SGX’s TP to $10.40 after strong operating data in May
• Keppel’s higher fund management fee income to contribute to earnings growth in FY2024: PhillipCapital
• DBS holds $100 bil market cap for second day; analysts mixed on 1QFY2024 results

---