Tng is downgrading ISDN Holdings to “hold” from “add”, with an unchanged target price of 72 cents.
CGS-CIMB Research is downgrading ISDN Holdings as short-term positives are priced in, with the mechatronics engineering company reaching analysts’ target price of 72 cents.
“In our Dec 9, 2020 strategy report on our 2021 outlook (Navigating Singapore), we picked ISDN Holdings as our small-cap alpha stock pick for the tech manufacturing sector. At time of inclusion in the report, the last-done price was $0.40. Year-to-date, ISDN hit an intraday high price of $0.82 on Jan 21, 2021 and closed at $0.71 today,” writes CGS-CIMB analyst William Tng on Feb 5.
