KGI Research has kept its “outperform” call on ISDN Holdings as the business remains unaffected by the Covid-19 pandemic and is emerging stronger in the FY2021.

As such, analysts Megan Choo and Kenny Tan have upped their target price estimate on the counter to 85 cents from 60 cents previously.

The new target price is at 14 times ISDN’s price-to-earnings (P/E) and a 15.1% upside from ISDN’s share price of 74 cents at close on July 2.

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