0724 GMT - ISOTeam's earnings outlook appears brighter, Maybank Research's Jarick Seet says in a report. The analyst cites Singapore's continuing construction upcycle, the facilities maintenance specialist's strong order book and the company CEO's share purchases. The deployment of the company's artificial-intelligence drone painting solution could also lift margins, the analyst says. ISOTeam is currently the only contractor with this solution locally, which could cut costs by 30%-40%, Seet says. The brokerage lifts its FY 2026 and FY 2027 forecasts for the company's profit after tax and minority interests by 8.0% and 11.5%, respectively. It raises the stock's target price to S$0.104 from S$0.090, with an unchanged buy rating. Shares are 1.3% lower at S$0.077. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 25, 2025 03:24 ET (07:24 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.