CGS-CIMB Research analyst William Tng has maintained his “add” rating on ISDN Holdings with a higher target price of 72 cents from 64.8 cents previously, as he sees a re-rating of the company’s share price on the cards.

Tng also believes that the company is “on track” to deliver a five-year record high revenue and net profit in FY2020F despite the Covid-19 pandemic.

On this, Tng has identified three re-rating catalysts for ISDN.

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