Ng and Chan highlight that ISOTeam’s order book stands at an “impressive” $193.1 million as at June 30, providing visibility and revenue stability until FY2027. The company also has a sustainable business model, where 70% of its business comes from Singapore government bodies, ensuring steady demand.
SAC Capital analysts Daniel Ng and Matthias Chan have kept “buy” on ISOTeam with a higher target price of 8.4 cents from 7.3 cents previously following the company’s stellar FY2024 ended June performance.
For its FY2024, ISOTeam posted earnings of $6.5 million, surging 363.1% higher y-o-y. This was mainly due to significant improvements in the performance of its repairs and redecoration (R&R); additions and alteration (A&A); and coating and painting segments, which boosted revenue to 17.9% higher y-o-y to $130.2 million.
