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ISDN Holdings to benefit from China's reopening

Samantha Chiew
Samantha Chiew6/22/2022 03:49 PM GMT+08  • 2 min read
ISDN Holdings to benefit from China's reopening
The worst is over for ISDN Holdings.
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CGS-CIMB Research is keeping its “add” rating on ISDN Holdings with an unchanged target price of 70 cents following a post-1QFY2022 ended March business update call hosted by the research house. ISDN’s 1QFY2022 business update was released on June 10.

With China’s economy reopening, the group’s management believes that the worst of the Covid-19 lockdown in China is over.

However, thanks to the lockdown, one of the group’s three mini-hydropower projects in Indonesia, Lau Biang, has experienced delays in construction.

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