Revenue came in 8.4% lower y-o-y at $119 million, while 2HFY2025 core earnings amounted to $3 million, “well below” Yeo’s $9 million forecast. He writes: “The revenue miss was due to project delays, mainly led by the repairs and redecoration segment, which declined by 43% y-o-y to $29 million.”
RHB Bank Singapore’s (RHB) Alfie Yeo has downgraded his call on ISOTeam to “neutral” from “buy” at an unchanged target price of 7.8 cents as he “awaits a better valuation and earnings performance”. This marks the first downgrade of the stock by RHB in three years.
In the FY2025 ended June, the group recorded earnings of $5.1 million, a 21.2% y-o-y drop.
