On June 16, ISDN announced that the two plants, with a capacity of 10mw and 4.6mw respectively, can make “meaningful” contributions to its earnings.
ISDN Holdings has announced that two of its mini hydropower plants in Indonesia have finally commenced commercial operations.
However, with a darker manufacturing outlook in China, where the company is more heavily exposed, CGS-CIMB analyst William Tng has downgraded his call from “add” to “reduce”, along with a lower target price of 37 cents, down from 61 cents previously.
