With the gradual resumption of construction activities after the lockdown, RHB analyst Jarick Seet has maintained his “buy” recommendation on ISOTeam with a lower target price of 21 cents from 24 cents previously on expected profitability to rebound for the building maintenance and estate upgrading services provider.

The company had a tough FY2020 as the circuit breaker and social distancing measures due to the Covid-19 pandemic brought a halt on all construction projects and caused a delay in contract implementation.

Due to the rapid spreading of the virus among workers, their movements were significantly restricted, and works could only be done for the most essential maintenance jobs for almost five months.

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