Singapore Stock Market News
ISOTeam - Stellar FY15
StockFanatic
Publish date: Mon, 31 Aug 2015, 02:37 PM
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ISOTeam's NPAT jumped 33.5% to SGD8.1m in FY15 (Jun), with gross margins growing to 24.7%. A dividend of SGD1.15cents was declared for FY15, higher than FY14. Going forward, we remain positive on ISOTeam's outlook, backed by a strong orderbook of SGD84.7m. We also expect ISOTeam to continue to deliver a strong NPAT growth aside from securing more government and private sector projects. Maintain BUY with a DCF-backed TP of SGD0.82. (8.7% WACC, TG: 1%) (41% upside).
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