Brokers' take
ISOTeam | Neutral (downgraded) Feb 18 close: S$0.21 Target price: S$0.23 RHB Research Institute, Feb 18
We have downgraded and lowered our target price as low margins continue to be a major concern for ISOTeam due to competitive pricing. Management is looking for means to lower its costs and has taken up steps to consolidate and streamline its business units.
Q2 revenue increased 93.1 per cent year-on-year (YOY) to S$45.9 million on the back of a strong performance across all business segments. First half revenue increased 49.7 per cent YOY to S$73.1 million. Gross marg…
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