Upcoming projects that ISOTeam may go for include new hawker centres, upgrading of coffeeshops, additional facilities in housing estates. There is also the move to apply heat-reflective pain on all public housing by 2030 - a market ISOTeam is already in.
Alfie Yeo of RHB Bank Singapore has raised his target price for ISOTeam from 7 cents to 8 cents, as he has become more positive on the company's earnings outlook.
"We see it benefiting from and riding on more government projects ahead of the parliamentary election due by the end of 2025," says Yeo in his March 21 note.
