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Went to low of $0.061 and then rebounded back to high of $0.066. Nice
This company has been repainting your HDB flats exterior for the longest of time
This company has been repainting your HDB flats exterior for the longest of time
SmallSmall ( Date: 12-Feb-2025 16:25) Posted:
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Maybank initiates buy on possible election beneficiary ISOTeam at TP of 9 cent
SmallSmall ( Date: 12-Feb-2025 16:23) Posted:
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Maybank initiates &lsquo buy&rsquo on possible election beneficiary ISOTeam at TP of 9 cent
Douglas TohWed, Feb 12, 2025 &bull 03:45 PM GMT+08 &bull &bull 2 min read
Seet estimates ISOTeam to enjoy better margins of 30% &mdash up from 20% &mdash by deploying the drones. Photo: Albert Chua/The Edge Singapor
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.
As at 3.20 pm, shares in ISOTeam are trading 0.1 cents lower, or 1.54% down, at 6.4 cents.
ISOTeam reports earnings of $1.9 mil for the 1HFY2025 up 36.5% y-o-y
Catalist-listed ISOTeam has reported earnings of $1.9 million in the 1HFY2025 ended Dec 31, 2024, up 36.5% y-o-y from the same period a year before.
The building maintenance and estate upgrading company reported earnings per share of 0.28 cents, 7.7% y-o-y increase from 0.26 cents in the same period a year ago.
The group&rsquo s 1HFY2025 revenue grew 4.2% y-o-y to $65.4 million, due to its addition and alteration (A& A) segment, which contributed a 61.6% y-o-y jump in revenue to $30.3 million in the 1HFY2025 period.
This made up for weaker revenue contribution from the repairs and redecoration (R& R), coating & painting (C& P) and Others segment, which recorded y-o-y declines of 28.5%, 2.0% and 12.3% respectively.
Gross profit rose 18.4% y-o-y to $9.9 million in 1HFY2025, while gross profit margin increased 1.8 percentage points to 15.1% from 13.3% in 1HFY2024.
The group' s order book stands at $188.7 million as at Feb 11, with projects that will be progressively completed until FY2029.
The group&rsquo s wholly-owned subsidiary, ISOTeam BuildTech, which was incorporated in July 2024, is already conducting facade inspections using drones and expects to commercialise its indoor painting robots and autonomous facade washing and painting drones by end 2025.
In the mid to long term, ISOTeam BuildTech will also offer end-to-end managed services for clients to develop an effective robotic workforce, which the group says may potentially become a new source of revenue.
In its outlook, the group says that it is actively tendering for various ongoing public sector upgrading initiatives such as the Neighbourhood Renewal Programme and the Home Improvement Programme as well as shorter-term projects such as the Sports-in Precinct Scheme and the $60.0 million Green Town Programme.
With a positive industry outlook, and barring unforeseen circumstances, ISOTeam is cautiously
optimistic about its prospects and expects more projects to be available for tender. The group is also mindful of rising manpower and material costs and will continue to prioritise cash conservation and cost control to manage the high-cost environment.
Price rises too fast..
Stocky901 ( Date: 12-Feb-2025 11:04) Posted:
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Result flat also kena short.. 😢 😢
piscesmonkey ( Date: 12-Feb-2025 09:56) Posted:
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Result out sell on news 🤣
Stocky901 ( Date: 10-Feb-2025 17:24) Posted:
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not up to expectation?
here is the results
https://links.sgx.com/1.0.0/corporate-announcements/PDVE8YMSGQW3BIKE/832722_ISOTeam%20Ltd%20-%20HY2025%20PR%2020250211_clean.pdf
https://links.sgx.com/1.0.0/corporate-announcements/PDVE8YMSGQW3BIKE/832722_ISOTeam%20Ltd%20-%20HY2025%20PR%2020250211_clean.pdf
If result good this week 7 series.. huat ✌ ️ 😁
piscesmonkey ( Date: 07-Feb-2025 11:51) Posted:
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Gs holdings support around 42. If breakout 45 it clould go up 52.
Cadence88 ( Date: 06-Feb-2025 10:02) Posted:
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Huat ah. Result coming out today?
Hainanese chicken rice?
Chart show that GS holdings may hit 50/51 after double bottom at 40 SSH buy alot at 52 and also above 45
piscesmonkey ( Date: 06-Feb-2025 09:44) Posted:
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Give u hint liao yesterday haha
Stocky901 ( Date: 06-Feb-2025 09:41) Posted:
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queued at 040 didn't get.. too bad..😞
piscesmonkey ( Date: 06-Feb-2025 09:32) Posted:
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Stocky got buy gs holdings?
piscesmonkey ( Date: 05-Feb-2025 19:40) Posted:
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Hehe look for GS holdings 40 good support once break 42 rocket man
Stocky901 ( Date: 05-Feb-2025 17:31) Posted:
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Wow 😮 😮 it seems you are the luckiest person during CNY 👍 ✌ ️
piscesmonkey ( Date: 05-Feb-2025 17:20) Posted:
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Rex better after broker fee profit 4.2k🤑 🤑 🤑
Stocky901 ( Date: 05-Feb-2025 17:14) Posted:
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