CGS-CIMB has maintained its “buy” call on ISDN Holdings with a raised target price of 50.1 cents, almost double its previous target price of 27.9 cents. 

Analyst William Tng said this was on the back of a surprise profit announcement, which saw the company recording a 72.5% increase y-o-y in its 1H20 earnings to $9.6 million, while revenue grew 13.8% to $167.2 million, from $147.0 million in the same period.

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