In their July 31 note, they forecast 1HFY2025 earnings of $6.2 million, up 63% y-o-y.
William Tng and Tan Jie Hui of CGS International have upgraded their call for ISDN Holdings from "reduce" to "add" on expectations that it will report improving 1HFY2025 numbers on Aug 11, in line with better business conditions following the tariff uncertainties.
Tng and Tan warn that unrealised forex losses from its hydropower business will likely weigh on the 1HFY2025 headline earnings number but revenue is likely up by at least 10% y-o-y to $192.1 million as business conditions likely improved gradually after the initial tariff surprise.
