not vested
Outlook sunny for ISOTeam By Zavier Ong
SINGAPORE (Aug 26): RHB has maintained its “buy” call for construction and engineering company ISOTeam, with a target price of 54 cents.
The research house expects the group to secure more contracts from the renewable energy sector, noting that the partnership between Sunseap Leasing and ISOTeam has progressed well since their initial project in 2016.
Looking ahead, the research house expects Sunseap to continue passing on more
solar panel installation projects to the company, while noting that ISOTeam has a high chance of
winning some local projects in Myanmar.The company has a current
order book of $94.1 million but RHB analyst Jarick Seet says the company is likely to make further acquisitions to complement its business model.
Key risks for the company include an economic slowdown and changes to labour law.
As at 2.40pm, shares of ISOTeam were unchanged at 41 cents.
Source: The Edge
http://smr.theedgemarkets.com/article/o ... ny-isoteam
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