Broker name: CGS International Securities
Date of report: February 13, 2026
Excerpt from CGS International Securities report.
- Report Summary:
- ISOTeam Ltd’s 1HFY26 profits rose 70% year-on-year to S\$3.3m, fueled by margin recovery and cost savings from housing workers at its own headquarters.
- The company expects further savings after re-housing more workers and deploying painting drones to boost efficiency in coming quarters.
- Order wins year-to-date reached S\$70.1m, 58% of the FY26 forecast, with a robust recurring business model and margin recovery supporting a positive outlook.
- CGS International reiterates an “Add” rating with a higher target price of S\$0.12, citing efficiency gains, stronger order book, and ESG initiatives as key catalysts, while noting risks from contract delays and drone utilization.
- ISOTeam demonstrates commitment to ESG practices, including renewable energy installations and greener construction methods, aiming for carbon neutrality by 2050.
Above is an excerpt from a report by CGS International Securities. Clients of CGS International Securities can be the first to access the full report from the CGS International website: https://www.cgs-cimb.com
