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ISDN Holdings kept at 'buy' following stellar 1Q results

Samantha Chiew
Samantha Chiew5/17/2018 11:00 AM GMT+08  • 3 min read
ISDN Holdings kept at 'buy' following stellar 1Q results
SINGAPORE (May 17): UOB Kay Hian is reiterating its “buy” call on ISDN Holdings with a target price of 36.5 cents after the group delivered a stellar 1Q18 results, with earnings trebling to $5.2 million from $1.7 million in 1Q17.
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SINGAPORE (May 17): UOB Kay Hian is reiterating its “buy” call on ISDN Holdings with a target price of 36.5 cents after the group delivered a stellar 1Q18 results, with earnings trebling to $5.2 million from $1.7 million in 1Q17.

This was mainly due to a strong growth in revenue, as well as the absence of one-off listing expenses and net foreign exchange losses.

1Q18 revenue grew 12.6% to $76.2 million, from $67.7 million a year ago.

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