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ISOTeam On Track For a Stellar FY16
ISOTeam On Track For a Stellar FY16
ISOTeam
ISOTeam has announced contract wins of SGD20.49m, comprising A&A and R&R works. The majority of jobs are from Singapore government bodies like town councils and the National Environment Agency. We understand that c.SGD30m-35m of contracts have been utilised YTD and it is on track to enjoy a stellar FY16 (Jun). With a steady orderbook of c.SGD80m-85m on top of a potential expansion to…
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ISOTEAM - Key Beneficiary Of The General Elections
ISOTEAM – Key Beneficiary Of The General Elections
Maintain BUY with a target price of S$0.705 based on 9.6x FY16F PE.
ISOTEAM reported a 34% yoy growth in net on the back of higher revenue. Excluding amortisation of intangible assets and written-off goodwill from acquisitions of new subsidiaries (which we had not factored in), FY15 profit before tax would have accounted for 97% of our full-year forecast.
With its improved profitability, ISO…
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ISOTEAM - Recent Placement Signals Market Confidence In Isoteam
ISOTEAM – Recent Placement Signals Market Confidence In Isoteam
Maintain BUY with a slightly lower target price of S$0.705 based on 9.6x FY16F PE. The company is currently trading at 8.2x FY16F PE with a net cash of 14 cents/share.
ISOTeam(ISO) has proposed the placement of up to 9m new shares (to an institutional investor and individual investors) at S$0.58/share, which will raise net proceeds of up to S$5m for the group to fund its capex, inorganic…
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ISOTeam - Vote of confidence from strategic business partner
ISOTeam – Vote of confidence from strategic business partner
Maintain BUY but with the target price lowered to S$0.62, as we factor in the enlarged share base following the new share placement to Nippon Paint.
ISOTeam (ISO) has proposed to place out 2.8m new ordinary shares to Nippon Paint (Singapore) Company Pte Ltd (Nippon Paint) at S$0.50/share.
Upon completion of the placement and proposed acquisition of Industrial Contracts Marketing Pte. Ltd. by ISO…
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ISOTeam - Vote of confidence from strategic business partner
ISOTeam – Vote of confidence from strategic business partner
Maintain BUY but with the target price lowered to S$0.62, as we factor in the enlarged share base following the new share placement to Nippon Paint.
ISOTeam (ISO) has proposed to place out 2.8m new ordinary shares to Nippon Paint (Singapore) Company Pte Ltd (Nippon Paint) at S$0.50/share.
Upon completion of the placement and proposed acquisition of Industrial Contracts Marketing Pte. Ltd. by ISO…
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ISOTeam - Recurrence, yes. Scalable, maybe
ISOTeam - Recurrence, yes. Scalable, maybe - the largest eco-conscious building maintenance and estate upgrading service provider in Singapore
Backed by favourable regulatory requirements, ISOTeam is in a prime position to leverage on upgrading initiatives by the government and earn recurring building repainting revenue. Yet, a low profit margin and lack of longer term scalability may point towards inorganic expansion to streamline operations and expand into new markets.
We estimate a fair value of 42.9-48.2 Scts(EPS: 6.5- 7.3 Scts)…
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ISOTeam - Recurrence, yes. Scalable, maybe
ISOTeam – Recurrence, yes. Scalable, maybe
Backed by favourable regulatory requirements, ISOTeam is in a prime position to leverage on upgrading initiatives by the government and earn recurring building repainting revenue. Yet, a low profit margin and lack of longer term scalability may point towards inorganic expansion to streamline operations and expand into new markets.
We estimate a fair value of 42.9-48.2 Scts (EPS: 6.5- 7.3 Scts)…
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Wii and the Kid Gem Finder: "Gow" Like an Anti-World of Goo
Gow from Isoteam is similar to World of Goo, but you're trying to destroy your little critters with physics, rather than save them. Its quite the challenging little puzzler. give it a whirl. Play the game here
