SINGAPORE (Aug 28): RHB Research is maintaining its “buy” call on ISOTeam with an unchanged 50-cent target price after it recently concluded what the research house deems a tough FY17.
To recap, the repairs, maintenance and estate upgrading service provider last week reported a 30.1% decline in FY17 earnings of $6.4 million compared to $9.2 million a year ago as it was hit by one-off impairments, delayed revenue recognition for some of its projects, and lower repairs & redecoration (R&R) projects over the full-year period.
