Singapore Stock Market News

ISO Team - A Phenomenal Year

StockFanatic
Publish date: Fri, 29 Aug 2014, 10:34 AM
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ISOTeam's FY14 PATMI of SGD6.1m beat our earnings estimates by 43%, representing c.100% y-o-y growth (excluding one-off disposal gains in FY13). Growth outlook remains strong as R&R and A&A segment growth may be driven by government initiatives to rejuvenate mature housing estates and refurbish schools. We raise PATMI estimates for FY15F/16F by 33%/43%.

Maintain BUY with raised DCF-based TP of SGD0.77.
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