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Strong buying
SmallSmall ( Date: 26-Feb-2025 13:23) Posted:
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Volume picking up.....
ISOTeam reinforces commitment to return shareholders&rsquo value updates dividend policy to 30% of net profit after tax
(1) SINGAPORE, 24 February 2025 &ndash ISOTeam Ltd. (&ldquo ISOTeam&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) has reinforced its commitment to return value to its shareholders by announcing its intention to recommend and distribute dividends of not less than 30% of its consolidated net profit after tax (1) going forward. This update in its dividend policy reflects ISOTeam&rsquo s confidence in its business outlook, supported by a robust order book. Earlier this month, the Group delivered a strong performance, reporting a 36.5% year-on-year (" YoY" ) increase in net attributable profit to S$1.9 million on revenue of S$65.4 million for the six months ended 31 December 2024 (" 1HY2025" ). In addition, the Group secured a series of new contracts, bringing its order book to S$188.7 million as of 11 February 2025. Executive Director and Chief Executive Officer, Mr Anthony Koh (许 统 发 ), said: &ldquo The outlook for ISOTeam remains strong as momentum in the building maintenance and estate upgrading industry continues to grow. By updating our dividend payout to 30% of net profit, we are signalling our financial strength and the management&rsquo s confidence in the Company&rsquo s future. Additionally, we aim to enhance corporate transparency and express our gratitude to our shareholders for their continued trust and support in us over the years.&rdquo The Group&rsquo s confidence in its future prospects is supported by ongoing government initiatives for estate upgrading and maintenance as well as a slew of recent positive developments in Singapore&rsquo s built environment. As one of the leading players in this field, ISOTeam is well positioned to benefit from these initiatives announced by the Singapore Government in recent weeks, including: Note: (1) Excluding non-recurring, one-off and exceptional items, in respect of future financial years ending 30 June 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 30% dividend payout policy Page 2 of 3 &bull All HDB estates to have sports and wellness facilities within 10-minute walk of all HDB estates by 2030 as part of its Sport-in-Precinct Scheme1 &bull Heat reflective paint to be applied across all HDB estates by 2030 as part of the new Green Towns Programme, estimated to be worth S$60.0 million2 and &bull HDB&rsquo s Home Improvement Programme (HIP) to commence at some 29,000 flats built in 1997 or earlier. S$407.0 million has been allocated for the works, which will include structural improvements and upgrades to bathrooms and entrances, among other things3 .
(1) SINGAPORE, 24 February 2025 &ndash ISOTeam Ltd. (&ldquo ISOTeam&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) has reinforced its commitment to return value to its shareholders by announcing its intention to recommend and distribute dividends of not less than 30% of its consolidated net profit after tax (1) going forward. This update in its dividend policy reflects ISOTeam&rsquo s confidence in its business outlook, supported by a robust order book. Earlier this month, the Group delivered a strong performance, reporting a 36.5% year-on-year (" YoY" ) increase in net attributable profit to S$1.9 million on revenue of S$65.4 million for the six months ended 31 December 2024 (" 1HY2025" ). In addition, the Group secured a series of new contracts, bringing its order book to S$188.7 million as of 11 February 2025. Executive Director and Chief Executive Officer, Mr Anthony Koh (许 统 发 ), said: &ldquo The outlook for ISOTeam remains strong as momentum in the building maintenance and estate upgrading industry continues to grow. By updating our dividend payout to 30% of net profit, we are signalling our financial strength and the management&rsquo s confidence in the Company&rsquo s future. Additionally, we aim to enhance corporate transparency and express our gratitude to our shareholders for their continued trust and support in us over the years.&rdquo The Group&rsquo s confidence in its future prospects is supported by ongoing government initiatives for estate upgrading and maintenance as well as a slew of recent positive developments in Singapore&rsquo s built environment. As one of the leading players in this field, ISOTeam is well positioned to benefit from these initiatives announced by the Singapore Government in recent weeks, including: Note: (1) Excluding non-recurring, one-off and exceptional items, in respect of future financial years ending 30 June 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 30% dividend payout policy Page 2 of 3 &bull All HDB estates to have sports and wellness facilities within 10-minute walk of all HDB estates by 2030 as part of its Sport-in-Precinct Scheme1 &bull Heat reflective paint to be applied across all HDB estates by 2030 as part of the new Green Towns Programme, estimated to be worth S$60.0 million2 and &bull HDB&rsquo s Home Improvement Programme (HIP) to commence at some 29,000 flats built in 1997 or earlier. S$407.0 million has been allocated for the works, which will include structural improvements and upgrades to bathrooms and entrances, among other things3 .
From TheEdge :
Thilan Wickramasinghe, head of research at Maybank Securities, calls the first set of recommendations by the MAS market review group a " shot in the arm" .
Among a whole raft of measures, the key was a $5 billion fund that MAS will allocate to various fund managers to invest in local equities outside the component stocks of the Straits Times Index - ie, the smaller caps.
" While not the direct sovereign wealth fund participation many market participants were hoping for, it is nevertheless a strong signal in the government&rsquo s commitment," states Wickramasinghe in his Feb 23 note, without directly naming GIC which had been suggested by many market commentators to be the one funding this revival.
In addition, new single-family offices with an AUM of at least $200 million are to allocate at least $50 million of that to invest in local equities.
According to Wickramasinghe, some 600 such offices set up shop in Singapore last year. If another 300 or so family offices are established this year - the same level seen in 2023 - this will result in additional inflows of $15 billion, " a significant boost" , he reasons.
For context, combined institutional and retail inflows in the past 5-years have averaged at $9.6 billion a year.
Various other measures including streamlining IPO processes, tax incentives to entice fund managers and so on, have been announced.
" We believe these measures display a strong commitment to supporting the local bourse," says Wickramasinghe, as he names SGX Group as a key beneficiary due to higher trading and listing fees that can presumably be collected.
" We see multiple ecosystem benefits including strengthening private markets by improving valuation benchmarking transparency, to increasing professional services demand to support a larger listings pipeline," he adds.
The three banks, DBS Group Holdings, Oversea-Chinese Banking Corp and United Overseas Bank are seen to enjoy a boost in their investment banking and advisory and brokerage-related fees as well, while listed brokers iFast Corp and UOB Kay Hian are also direct line beneficiaries.
In the bustling REITs space, " high quality" counters including CapitaLand Integrated Commercial Trust CapitaLand Ascendas REIT and Mapletree Industrial Trust could benefit from yield-seeking family office mandates.
Last but not least, the increased focus in local equities should drive flows to various small and mid caps such as CSE Global Frencken Group , AEM Holdings and ISOTeam, says Wickramasinghe.
Close $0.075 today?Best would $0.075 cleared then tomorrow can attempt $0.08
SmallSmall ( Date: 17-Feb-2025 12:44) Posted:
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10 cts otot ah
SmallSmall ( Date: 17-Feb-2025 12:44) Posted:
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Touch low $0.07 this morning and now fully reverses back to day high $0.072 on 11 mil volume.
Nice. Just see if can break towards $0.075 later :)
Nice. Just see if can break towards $0.075 later :)
Ya lor. All high ego. Sama sama. All wasting time here.
Jimeagle ( Date: 15-Feb-2025 13:44) Posted:
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Here people very high ego... I am adjunct professor CFA of NUS business school wahaha
superstartup ( Date: 14-Feb-2025 14:00) Posted:
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ISOTeam collaborates with Malaysian home improvement company to build platform for material-matching and overstock sales
ISOTeam, a building maintenance and estate upgrading company, is collaborating with HOMA2U (H2U), a home improvement retail company from Malaysia on building material-matching and overstock solution platform.
H2U is a subsidiary of HOMA, a Malaysian company managing new materials and overstocks in the building material industry.
The group explains that the collaboration is to reduce waste and add value to businesses in the construction industry. The platform that the two will collaborate on will provide an avenue for the sale of building materials and overstock.
Both companies intend to leverage AI to create the platform. ISOTeam&rsquo s BuildTech, a wholly-owned subsidiary that is working to commercialise indoor painting robots, autonomous facade washing and painting drones, will provide network access to construction industry and market insights.
The collaboration will take place for 12 months, and the profit sharing arrangement shall be 80%-20% between H2U and ISOTeam BuildTech respectively. The collaboration will be fully funded by HOMA.
Life is short. Why think so hard. For info., I of CFA background too. Analysts / CFA etc. All accurate chaps, no need work as Analysts lor. End of the day, it is where the hot money flow. In local SGX context, for micro-caps, it is that few brokerage houses proprietary traders game.
Jimeagle ( Date: 14-Feb-2025 12:46) Posted:
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No right no wrong. We are all here to make $. Life is take and give.
Am surprise you didn' t get my sarcasm...
superstartup ( Date: 12-Feb-2025 18:51) Posted:
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Uncharted Liao ! $0.071 also cleared.
OTW to $0.075.
Still have lots of room to target price of $0.09 by Maybank
OTW to $0.075.
Still have lots of room to target price of $0.09 by Maybank
SmallSmall ( Date: 14-Feb-2025 10:03) Posted:
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Big elephant at $0.07 seller 5.6 mil
Likely to clear later based on last 2 days pattern
Likely to clear later based on last 2 days pattern
Close $0.069 on 20 mil volume
Maybank initiates &lsquo buy&rsquo on possible election beneficiary ISOTeam at TP of 9 cents
Maybank Securities analyst Jarick Seet has initiated coverage on ISOTeam with a &ldquo buy&rdquo call and 9 cents target price, on the premise that the painting contractor&rsquo s drone-painting system is a &ldquo game-changer&rdquo that can help generate better margins and win more contracts.
ISOTeam is known as a major contractor hired to give public housing new coats of paint.
According to Seet in his Feb 12 report, the company has cornered a market share of around 30%.
As of Sept 6, 2024, the company has built up an order book of $202.4 million.
In the current FY2025, the company is seen to improve its profitability as it puts behind lower-margin contracts in FY2024.
&ldquo We believe FY2025 will be an inflection point for its profitability and the launch of its AI drone-painting solution on an HDB site in April and will be rolled out at more estates if successful,&rdquo says Seet.
Seet points out that ISOTeam is the only local player with this drone-painting solution. &ldquo This should enable it to leapfrog competitors with 30% to 40% lower costs, aligning with the government&rsquo s push to reduce manpower,&rdquo he adds.
Seet estimates ISOTeam to enjoy better margins of 30% &mdash up from 20% &mdash by deploying the drones. This could, in turn, help the company bid and win for more contracts.
&ldquo With a general election in Singapore slated for this year, more government projects will likely come up for grabs, putting ISOTeam in a prime position to benefit,&rdquo says Seet.
ISOTeam also has a 30% dividend payout policy, translating to a 4.7% yield for FY2025.
The analyst observes that the company&rsquo s key executives will also increase their respective stakes in the company by buying more shares so as to signal their optimism.
&ldquo Risks to our call include labour and raw material costs increase as well as execution issues on its drone project,&rdquo says Seet.
Swing factors noted by the analyst include improving margins and higher revenue from more project wins, drone technology advancement, the stock&rsquo s turnaround play and finally, ISOTeam as a potential beneficiary of the Singapore election in 2025.
Conversely, downsides include regulatory changes on foreign labour quota and a competitive tender landscape.
No need la. If I expert, why I waste time here. I am just commenting.
Jimeagle ( Date: 12-Feb-2025 18:37) Posted:
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Hey, Maybank should employ you as analyst and retire their current..
@Maybank..... I tag them for their knowledge wahahaha
@Maybank..... I tag them for their knowledge wahahaha
superstartup ( Date: 12-Feb-2025 17:59) Posted:
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Maybank' s view on election beneficiary is a bit too late, in my view.
The benefits would have already been priced into current share price.
Election must be called within this year (2025). Hence almost all the upgrading / re-painting works already called and awarded. On ground, you can see that the works have been on-going since end 2023 and through-out 2024. Still on-going though.
The " election" related revenue would also have been recognised and reflected into ISO Team' s result.
Just commenting on this particular point of Maybank.
Now see how proprietary traders wanna play push higher or just complete the distribution.
The benefits would have already been priced into current share price.
Election must be called within this year (2025). Hence almost all the upgrading / re-painting works already called and awarded. On ground, you can see that the works have been on-going since end 2023 and through-out 2024. Still on-going though.
The " election" related revenue would also have been recognised and reflected into ISO Team' s result.
Just commenting on this particular point of Maybank.
Now see how proprietary traders wanna play push higher or just complete the distribution.