ISOTeam’s business is highly recurring, supported by various government initiatives, say the CGSI analysts. Its order book grew 9.8% y-o-y in FY2024, reaching a high of $191.3 million at end-FY2024, with some 75% of contracts coming from the public sector.
CGS International (CGSI) Research analysts Natalie Ong and Lim Siew Khee have initiated coverage on ISOTeam, expecting the estate maintenance firm to triple its patmi in the current FY2025 ending June 30 on higher margins.
In an April 15 note, Ong and Lim initiate coverage with “add” and a 9.6-cent target price, which represents an upside of around 35%. ISOTeam is trading at an “attractive” FY2026 dividend yield of 5.2%, they add.
