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ISOTerm...huat huat...arhh
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gravity8888
Supreme |
29-May-2023 12:08
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Wait for it to break 110 then ppl will chase .. now is just warming up? | ||
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lifeisgood
Supreme |
29-May-2023 09:29
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This stock should rebound strongly, a post covid recovery play like UNUSUAL. Should have another 40-50% upside.
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SmallSmall
Supreme |
29-May-2023 09:07
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ISOTeam secures S$50.7 million worth of contracts led by projects from the public sector New projects to be delivered between June 2023 and March 2026 SINGAPORE, 29 May 2023 &ndash ISOTeam Ltd. (&ldquo ISOTeam&rdquo or together with its subsidiaries, the &ldquo Group&rdquo ), an established and leading player in Singapore&rsquo s building maintenance and estate upgrading industry, has won S$50.7 million worth of new contracts led mainly by public sector upgrading works, which formed more than half of the projects secured. To be delivered between June 2023 and March 2026, the new contracts has lifted the Group&rsquo s order book to S$195.1 million as at 29 May 2023. Group Executive Director and Chief Executive Officer, Mr Anthony Koh (许 统 发 ), said: &ldquo The number of projects that are up for tender continues to gain steam, reflecting the steady recovery of the construction industry and the gradual easing of short-term labour supply challenges. We expect this growth momentum to continue as the industry makes up for time lost during the pandemic. With ISOTeam&rsquo s multidisciplinary capabilities and renewed focus on our core construction-related business, we believe the Group is positioned to capture this uptrend in demand for maintenance and upgrading works.&rdquo The new contracts comprise 14 projects in total including: 1. One (1) Interior Design project valued at approximately S$0.4 million, which is expected to be completed by June 2023 and includes interior fit-out works to a shophouse 2. One (1) Mechanical and Electrical project worth approximately S$2.9 million, which is expected to be completed by May 2024 ISOTeam Ltd. (Company Registration No.: 201230294M) (Incorporated in the Republic of Singapore on 12 December 2012) 8 Changi North Street 1 ISOTeam Building Singapore 498829 http://isoteam.com.sg/ Press release: ISOTeam secures S$50.7 million worth of contracts led by projects from public sector Page 2 of 3 3. Four (4) Repair and Redecoration (&ldquo R& R&rdquo ) projects totalling approximately S$18.3 million, which are expected to be delivered by July 2024. These include R& R to 16 blocks of flats at Pandan Gardens R& R and improvement works to 14 blocks of flats at the Mountbatten Division 16 blocks of flats at Lorong 1 and 4 Toa Payoh and Toa Payoh Central and four blocks of flats at Dawson Road 4. Four (4) Coating and Painting projects with a total contract value of approximately S$5.9 million, which are to be completed by March 2025 including works for a national research facility at Tuas and a business park development 5. Three (3) Addition and Alteration projects worth approximately S$20.2 million in total which are expected to be completed by October 2025 6. One (1) Landscaping term contract worth approximately S$3.0 million, which is expected to be completed by March 2026. |
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Joelton
Supreme |
17-Jan-2023 09:30
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ISOTeam C& P is barred from hiring new foreign workers for three months.
ISOTEAM C& P, a wholly owned subsidiary of Catalist-listed ISOTeam, has been ordered by the Ministry of Manpower (MOM) to stop all work-at-height activities at a Bedok condominium and any operation of suspended scaffolds, following the death of a foreign worker.
The suspension will hold until certain measures have been taken to the satisfaction of MOM, ISOTeam said on Monday (Jan 16).
The unit is also barred from hiring new foreign workers for three months due to its poor risk controls.
The deceased worker, a 37-year-old Myanmar national, fell four storeys while painting the facade of an apartment block at Waterfront Isle condominium.
He had climbed out of a gondola to paint parts of the wall that were out of reach, MOM said on Saturday.
The ministry and the Singapore Police Force are investigating the incident, which was the first workplace fatality reported in 2023.
ISOTeam said its other subsidiaries are not affected by the suspensions, and there is sufficient manpower across the group.
It is in the midst of engaging professionals to conduct a review of its policies and procedures to assess the need for improvements.
&ldquo The group is deeply saddened by this unfortunate incident and wishes to express its heartfelt sympathies to the family of the deceased. The company is in touch with the deceased&rsquo s family to offer its support during this difficult time,&rdquo said ISOTeam.
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Joelton
Supreme |
16-Sep-2022 10:00
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RHB believes worst is over for ISOTeam, upgrades to &lsquo buy&rsquo
RHB on Thursday (Sep 15) upgraded ISOTeam : 5WF 0% to &ldquo buy&rdquo from &ldquo neutral&rdquo as it believes the worst is finally over for the building maintenance company.
The research team&rsquo s target price on the counter remains unchanged at S$0.12, implying a potential upside of 23.7 per cent from ISOTeam&rsquo s last traded price of S$0.097 as at market close on Thursday.
RHB expects profitability to return as ISOTeam managed to obtain contracts with appropriate margins for FY2023 which account for the rise in labour and raw material costs.
&ldquo In addition, most of the kitchen sinking and write-offs exercises have likely been incurred and should be absent in FY2023,&rdquo RHB said.
It noted that ISOTeam had a &ldquo tough&rdquo FY2021 and FY2022, with FY2022 seeing a one-off impairment and lower margins due to a sudden surge in operating and raw material costs.
Contracts that were negotiated in the past thus became unprofitable, resulting in ISOTeam&rsquo s net loss of S$10 million in FY2022.
As at Jun 30, ISOTeam&rsquo s order book stood at S$160.2 million, with projects that are expected to support the group&rsquo s activities through FY2024. This consisted of projects won post-Covid-19 at an appropriate pricing strategy, ISOTeam said on Aug 26 during the release of its FY2022 financial results.
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lifeisgood
Supreme |
01-Apr-2022 09:43
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In 2019, Company did a share placement at 24 cents. Prior to that, in 2015, Company did share placements of between 53 to 58 cents (after 1-1 bonus, these are equivalent to current 26 to 29 cents). So seems like Company thinks that 24-29 cents are fair values. Any privatisation offers should at the minimum take it back there. | ||
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lifeisgood
Supreme |
01-Apr-2022 09:16
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Some background story of one of ISOteam major shareholder Mr Goh Cheng Liang:Nippon Paint partner Goh Cheng Liang is a Singaporean billionaire who owns the world&rsquo s largest tri-hulled superyacht &ndash who is the owner of Wuthelam Holdings?Goh Cheng Liang launched the Pigeon Brand paint business with some cheap old stock, and grew it into a partnership with global giant Nippon Paints &ndash of which he now holds 60 per cent19 Oct, 2020 Goh Cheng Liang made his fortune through paints. Photo: Sohu Thanks to a long career in paints and wall coatings, Goh Cheng Liang has helped countless people around the world decorate their homes . That started in 1949 with the creation of his own paint brand called Pigeon, before a partnership with Nippon Paint, one of the biggest paint brands in the world, set Goh on the way to amassing a fortune. Just this August, news of a merger between Goh&rsquo s Wuthelam Holdings and Nippon Paint made waves, bringing his overall stake in the brand to just a little below 60 per cent and leading to Forbes estimating his personal net worth at a colossal US$18.4 billion. |
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lifeisgood
Supreme |
31-Mar-2022 15:27
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Announced on 22 March 2022:
ISOTeam secures S$31.9 million in new projects as business activities pick up
&bull New projects to be delivered between November 2022 and January 2024
SINGAPORE, 22 March 2022 &ndash ISOTeam Ltd. (&ldquo ISOTeam&rdquo or together with its subsidiaries, the
&ldquo Group&rdquo ), an established and leading player in Singapore&rsquo s building maintenance and estate upgrading
industry, has secured S$31.9 million worth of new contracts wins, which will boost its order book that
stood at S$152.7 million as at 31 December 2021.
Group Executive Director and Chief Executive Officer, Mr Anthony Koh (许 统 发 ), said: &ldquo With the
Covid-19 situation being carefully managed, we are seeing a return of confidence in the economy. This
has led to a definitive uptick in the number of public and private projects up for tender including those
that had been put on the backburner during the height of the pandemic.
&ldquo The government has been supportive of the industry and has taken steps to address the shortage of
foreign labour. We are optimistic of being able to ramp up our activities and secure more projects as
the labour situation continues to improve. At the same time, we are closely monitoring the cost of raw
materials because we expect the current geopolitical tensions in Eastern Europe to have an impact on
global supply chains and further drive up prices. We will continue to adjust our procurement strategy
as well as our pricing strategy to take into account any significant cost increases in order to safeguard
our margins.&rdquo
To be completed between November 2022 and January 2024, the new projects comprise:
1. One (1) Mechanical and Electrical project with a contract value of approximately S$4.2 million, which is expected to be completed by November 2022 and involves the supply, delivery and
installation of grid-tied solar photovoltaic system for SolarNova Phase 4 HDB residential
blocks
2. Ten (10) Repair and Redecoration (&ldquo R& R&rdquo ) projects worth approximately S$17.9 million in total, which are expected to be completed by May 2023. These include one project that involves R& R works to 20 blocks and improvements to toilets at the market and food centre at Boon Lay Avenue, Boon Lay Drive and Boon Lay Place and 3. Nine (9) Coating and Painting projects worth approximately S$9.8 million in total, which are expected to be completed by January 2024. |
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lifeisgood
Supreme |
31-Mar-2022 09:31
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ISOTeam is a beneficiary of economy re-opening. It also has a few initiatives that are ongoing, but neglected by the market. |
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spursfan
Supreme |
09-Nov-2021 07:50
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ISOTeam inks MOU with Nippon Paint Singapore and Acclivis to develop autonomous painting drones for building faç ades - Aims to improve productivity and reduce manpower reliance through the use of technology -Benefits include higher efficiency and safety, increased cost effectiveness, better quality control, and enhanced environmental friendliness https://links.sgx.com/1.0.0/corporate-announcements/PYUEAEQ8P3YNJ9WE/689891_211109%20PR%20MOU%20for%20Painting%20Drones%20-%20Final.pdf |
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lifeisgood
Supreme |
06-Nov-2021 23:15
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Management is trying to improve cash flow and liquidity. Its slightly over 1% in Sunseap is also too small to be meaningful. I wish it has more like at least 5%.
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kepoh88
Veteran |
06-Nov-2021 19:12
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Lousy management, holding a pot of gold don' t know how to add value, the lousy managment choose to sell it away, leving this company becomes empty shells. Just curious why SCI didn t take opprtunity to accuire ISOTeam stakes in SUNSEAP. . |
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Freeguy
Member |
05-Nov-2021 09:48
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ISOTeam to divest stake in Sunseap Group for S$12.2m MICHELLE ZHU NOV 5, 2021 08:30 AM ISOTEAM 5WF has agreed to divest its entire 1.18 per cent equity interest in clean energy solutions provider Sunseap Group for about S$12.2 million at S$270 per sale share, announced the construction group on Friday (Nov 5). The shares will be sold to renewable energy producer EDP Renewables, who earlier this week bought a substantial stake in Sunseap which would value the company at S$1.1 billion, according to the latter company's statement on Nov 3. The transaction is subject to approvals, with completion slated for Q1 of 2022. ISOTeam in 2017 invested S$5 million, comprising 39,475 Series C convertible preference shares as well as 5,611 ordinary shares of the company, for its stake in Sunseap. body{margin:0 padding:0 overflow:hidden }amp-img {border:0 }AMP Creativebody{visibility:hidden} " id="google_ads_iframe_1" style="box-sizing: border-box position: absolute border: 0px !important margin: auto padding: 0px !important display: block height: 250px max-height: 100% max-width: 100% min-height: 0px min-width: 0px width: 300px inset: 0px "> Through its divestment, the group is expecting a gain of S$4.2 million over the S$8 million book value of the sale shares as at end-Jun 2021, and a S$7.2 million gain over the S$5 million initial cost of investment. Anthony Koh, chief executive of ISOTeam, said the divestment will improve the group's liquidity and allow it to reallocate resources to improve and optimise the utilisation of assets. This will also free up funds that can be applied towards the general working capital requirements of ISOTeam and the expansion of its renewable business, he added. "We have enjoyed a long and synergistic relationship as one of Sunseap's major installation partners since 2015? ISOTeam's focus on the renewable energy business remains intact and we believe there will be opportunities to work together on more projects in the future as Singapore ramps up its SolarNova programme," commented Koh. Shares of ISOTeam closed S$0.009 or 7 per cent higher at S$0.138 on Wednesday (Nov 3). | ||
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Sgvale
Supreme |
05-Nov-2021 09:05
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Looks good with hdb construction contract | ||
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lifeisgood
Supreme |
03-Nov-2021 13:37
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Would ISOteam go into crypto currencies? | ||
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Freeguy
Member |
28-Oct-2021 11:01
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October 27, 20219:04 AM +08Last Updated a day ago EnergyEXCLUSIVE Portugal's EDP in talks to buy majority stake in Sunseap - sources By Anshuman Daga and Roslan Khasawneh, Sergio Goncalves 3 minute read 2/2 Maintenance officer Wilson Ting of Sunseap Leasing inspects photovoltaic solar modules on top of a block of Housing Development Board (HDB) public housing estate apartments in Singapore April 15, 2015. REUTERS/Edgar Su Read More Summary EDP unit to value Sunseap at around S$1 bln - sourcesSeeks to buy out Banpu's 49% stake, others - sourcesTo invest substantially in Sunseap's business - sourcesNegotiations in advanced stage - sourcesDeal would be biggest in SEA renewables sector in 5 years SINGAPORE/LISBON, Oct 26 (Reuters) - Energias de Portugal (EDP.LS) is in advanced talks to buy a majority stake in Sunseap Group in a deal that will value the Southeast Asian renewables company at around S$1 billion ($742 million) and involve substantial investments in the business, three sources with knowledge of the matter said on Tuesday. Reporting by Anshuman Daga and Roslan Khasawneh in Singapore and Sergio Goncalves in Lisbon Editing by Jan Harvey, Jane Merriman and Mike Harrison | ||
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safari
Member |
27-Oct-2021 09:50
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It' s moving. What is the good news?
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CleanNGreen
Member |
23-Oct-2021 17:25
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https://www.marketscreener.com/quote/stock/ISOTEAM-LTD-14028305/news/General-Announcement-Collaboration-Agreement-36752003/ COLLABORATION AGREEMENT The Board of Directors (the " Board" or " Directors" ) of ISOTeam Ltd. (the " Company" and together with its subsidiaries, the " Group" ) wishes to announce that the Company' s wholly-owned subsidiary, ISOTeam Green Solutions Pte. Ltd. (" IGS" ) has entered into a five-year collaboration agreement (the " Collaboration Agreement" ) with H3 Dynamics Pte Ltd (" H3 Dynamics" ) for the purpose of appointing IGS as the master agent for H3Zoom by H3 Dynamics' s suite of products and services for building faç ade inspections (the " Collaboration" ). Under the Collaboration, IGS and H3 Dynamics will work together exclusively for Housing and Development Board (" HDB" ), town councils as well as commercial and condominium building faç ade inspection projects that are secured by the Company, and non-exclusively for other projects. The Company will also be the master agent to market H3Zoom by H3 Dynamics' faç ade inspection products and services to other parties for HDB block inspections. H3Zoom by H3 Dynamics is the global artificial intelligence (" AI" ) and robotics services arm of H3 Dynamics that turns unstructured data from physical structures into digital and interactive reports via a holistic management platform. Headquartered in Singapore, H3Zoom by H3 Dynamics covers the entire inspection lifecycle starting with the deployment of autonomous drones with specialised sensor payloads to conduct inspections of building facades based on a pre-established flightpath. That data is then processed using AI to detect common defects such as cracks and corrosion. H3 Dynamics is founded by Mr Taras Wankewycz, who is also co-founder of Nasdaq-listed Hyzon Motors Inc.. As at the date of this announcement, the Group has secured three building faç ade inspection projects. The Collaboration Agreement is not expected to have any material impact on the net tangible assets per share and earnings per share of the Group for the current financial year ending 30 June 2022. None of the Directors or controlling shareholders of the Company and their respective associates has any interest, direct or indirect, in the Collaboration Agreement, other than through their respective shareholdings (if any) in the Company. By Order of the Board Anthony Koh Thong Huat Executive Director and Chief Executive Officer 22 October 2021 This announcement has been prepared by the Company and its contents have been reviewed by the Company' s Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement. The contact person for the Sponsor is Mr Kaeson Chui, Vice President, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, Telephone (65) 6415 9886 |
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PhillipTan
Supreme |
28-Aug-2021 04:03
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ISOTeam narrows losses in FY2021 by 32.5% to $14.5 milISOTeam, in its FY2021 ended June, announced that it has managed to narrow its losses by 32.5% to $14.5 million from a loss of $21.6 million in FY2020.Revenue for the period increased by 8.0% to $99.0 million from $91.7 million a year ago, mainly due to increase in revenue from its repars & redecoration (12.2%), addition & alteration (20.9%) and others (6.9%) segments. This was partially offset by a decrease in revenue from the group' s coating & painting (C& P) business segment by 36.6%. Other income saw a significant increase to $6.3 million from $1.6 million last year, mainly due to the increase in fair value gain on investment in securities, gain on distribution from other investment, gain on disposal of a property and government support schemes. As at end-June, cash and cash equivalents stood at $13.9 million, while order book stood at $165.2 million with projects to be delivered over the next two years. Anthony Koh, executive director and CEO of ISOTeam says, " FY2021 was very tough for the construction and built-environment industry. While data from the Ministry of Trade and Industry showed that the construction sector expanded in 2Q2021, the industry is far from pre-Covid-19 levels. The group continued to be impacted by the prolonged Covid-19 situation and the resultant border controls which had led to supply chain disruptions and labour shortages. This not only caused delays in the completion of projects but also significant cost increases during the period under review." " Nevertheless, we are encouraged by our second half performance as it reflected green shoots of recovery in the industry. The group is optimistic that the situation will continue to get better as vaccinations rates rise and countries and economies gradually open up. We have observed an increasing number of projects up for tender as activities slowly resume and we aim to actively tender for these to beef up our order book," adds Koh. " Besides focusing on delivering the projects in our order book and securing more tenders, we have implemented cost cutting measures including salary adjustments for the management team. At the same time, we are seeking more areas where we can digitalise our operations so that we can become more efficient and less reliant on labour," he says. |
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Joelton
Supreme |
11-Aug-2021 09:17
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Wee Hur, ISOTeam expect net losses due to pandemic impact
WEE Hur Holdings and ISOTeam separately announced on Tuesday that they would report net losses for, respectively, the six months and full year ended June 30.
In a profit guidance released after market close, mainboard-listed property group Wee Hur said that its weaker-than-expected financial performance for H1 2021 was partly due to additional costs required to complete projects for its construction arm in Singapore.
This was mainly attributed to the prolonged construction period, increase in labour costs and material prices, as well as compliance of stringent safe-management measures during the Covid-19 pandemic.
Occupancy levels also fell at Wee Hur' s student accommodation portfolio in Australia due to border restrictions, while the group' s dormitory business recorded lower occupancies and reduced the number of beds.
Wee Hur thus expects to report a consolidated net loss for H1 2021, following a preliminary review of its unaudited financial results. It will release the results by Aug 13.
Shares in Wee Hur closed flat at S$0.21 on Tuesday before the announcement.
Meanwhile, building maintenance and estate upgrading firm ISOTeam expects a net loss for its fiscal year ended June 30, given the " continued adverse impact" from the coronavirus pandemic and further provisions for impairment losses.
The Catalist-listed group flagged continued labour shortages, increased costs, disruptions to raw material supply chains and disruptions to subcontractors' work due to pandemic-related restrictions.
For the Pure Group entities, ISOTeam expects to make further provisions for impairment losses, due to low order books and delays in project execution.
" Nevertheless, the company wishes to assure shareholders that the group has sufficient working capital to meet its operational needs and financial commitments," ISOTeam said.
It will announce its full-year results on or before Aug 29.
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