KGI Securities has initiated coverage on ISDN holdings with an “outperform” recommendation and a target price of 42 cents.
Analyst Kenny Tan said in an Aug 6 report, that ISDN should see tailwinds as the robotics industry is expected to grow at a compounded annual growth rate (CAGR) of about 12%, catalysed by improvements of robot labour over manual labour and COVID-19 serving as a catalyst for automation.
He noted that while the 12% prediction was made before the Covid-19 pandemic, recent data has reflected that production is largely back on track.
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