“After discussions with the management, we agree that the impact on ISOTeam is negligible,” write Ng and Chan in their July 23 report.
SAC Capital analysts Daniel Ng and Matthias Chan have kept their “buy” call on ISOTeam as they see “negligible impact” on the company after the drone crash at One-North Residences.
The Civil Aviation Authority of Singapore (CAAS) suspended the drone operations of H3 Dynamics Holdings after one of its drones crashed on the grounds of the condominium. According to mainstream media, H3 Dynamics was conducting a series of flights with the Hexadone TUNDRA 2 at the One-North drone estate, over the Pixel building. A full investigation is underway after preliminary findings showed that it was a positioning sensor malfunction.
