0656 GMT - ISDN Holdings' business recovery seems to be on track, CGS International's William Tng says, noting all of the industrial automation solutions provider's segments saw revenue rebound in 2H 2024 versus the prior six months. Also, management has been cautiously optimistic on the 2025 outlook, the analyst says in a research report. According to management, the company's core industrial automation business should benefit from China's strategic priority to address labor shortages and demographic challenges via automation and advanced manufacturing. The brokerage lifts its 2025-2026 revenue forecasts for ISDN Holdings by 4.7%-5.7%, and raises the stock's target price to S$0.40 from S$0.35 with an unchanged add rating. Shares are unchanged at S$0.35. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 11, 2025 02:56 ET (06:56 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.