He observes that ISOTeam's share price has already gained 26% year to date and up 133% y-o-y but even so, CEO Koh has recently paid 7.55 cents each to buy 3 million shares.
Jarick Seet of Maybank Securities, citing open market buying of shares by ISOTeam's CEO Anthony Koh and a busier construction outlook, has maintained his "buy" call on the stock along with a higher target price of 10.4 cents from 9 cents previously.
"With an ongoing construction upcycle last seen during the post-Global Financial Crisis era, coupled with the strong order book as well as the CEO buying the shares despite outperformance in its share price, we believe the outlook is brighter for ISOTeam," says Seet in his March 24 note.
