ISDN also believes that the Asia Pacific factory automation and industrial controls market represents an opportunity of over US$60 billion and could grow at a compound annual growth rate (CAGR) of 10.87% between 2021 and 2026.
CGS-CIMB Group Research analyst William Tng reiterates an “add” call on ISDN Holdings with an unchanged target price of 96 cents.
ISDN president Teo Cher Koon commented in the group’s 2021 annual report released on Mar 28 that he sees continued demand for industrial automation as countries recover from the Covid-19 pandemic and address rising wage costs by stepping up automation efforts.
