0738 GMT - ISOTeam is likely to benefit from more government projects in Singapore, RHB Research's Alfie Yeo says in a research report. The Singapore government is expected to carry out more government projects ahead of elections in 2025, benefiting ISOTeam's order book, Yeo notes. RHB is more positive on the facilities-maintenance company's earnings outlook due to its stronger-than-expected recovery. RHB lifts its earnings forecasts by 63% for FY 2025 and 62% for FY 2026. It also raises its target price for the stock to S$0.070 from S$0.048, with an unchanged buy rating. ISOTeam's shares are 3.5% higher at S$0.059. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 25, 2024 03:38 ET (07:38 GMT)
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