0641 GMT - ISOTeam's earnings stand to benefit from more development and upgrading projects from the Singapore government ahead of parliamentary elections slated to be held by end-2025, RHB Research's Alfie Yeo says in a research report. The government has recently announced more projects, such as two new hawker centers, S$10 million in grants to improve coffee shop toilets, and more facilities in housing estates, the analyst notes. These projects should benefit the facilities maintenance specialist as the company could receive more orders and post stronger revenue recognition. RHB lifts its FY 2025-2027 earnings forecasts for ISOTeam by 11% for each fiscal year, and raises the target price to S$0.08 from S$0.07 with an unchanged buy rating. Shares are 1.3% lower at S$0.076. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 21, 2025 02:41 ET (06:41 GMT)
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