ISDN Holdings

ISDN kept at 'add' by CGS-CIMB on value-add, growth opportunities and strong partnerships

SINGAPORE (July 1): CGS-CIMB Research is maintaining ISDN Holdings at “add” with a target price of $0.32 on the back of the company’s core business strength of providing value-added motion control solutions and strong partnerships.

Apart from not competing in the mass market and price-competitive core motor space, ISDN adds value by offering solutions that incorporate its principals’ motors to customers, rather than selling them the motors on a standalone basis.

ISDN's China subsidiary sued for loan taken out by former employee

SINGAPORE (Oct 29): ISDN Holdings says its Beijing-based subsidiary company has been sued by an individual seeking repayment of an RMB9.5 million ($1.9 million) loan made to a former employee.

Duan Hong Xing, a former employee of Beijing Junyizhicheng Technology Developing Co, had allegedly borrowed the money from an individual named Wang Yu.

According to the writ of summons filed on Oct 29 by Wang in the Beijing Dongcheng People’s Court, Beijing Junyizhicheng Technology Developing Co stood as guarantor to the loan.

ISDN poised to keep growing on rise in adoption of robotic surgery systems

SINGAPORE (Aug 13): Tayrona Financial, formerly known as NRA Capital, is keeping its “overweight” call on ISDN Holdings with an unchanged fair value estimate of 32 cents, translating to an upside of close to 49% from its current trading price.

This comes after the precision motion control and integrated engineering solutions provider reported a 62.1% rise in earnings to $4.9 million for the 2Q18 ended June, compared to $3.0 million a year ago.

2Q18 revenue grew 11.0% to $85.9 million, from $77.4 million a year ago.

CGS-CIMB is positive on ISDN's outlook and strong balance sheet

SINGAPORE (June 21): ISDN Holdings, the integrated engineering solutions provider, has been in the business for more than 30 years and currently also owns a factory in China that makes products such as hinges and locks, precision gearboxes and other industrial hardware.

In an unrated report on Wednesday, CGS-CIMB Research analyst William Tng says, “ISDN adds value by offering modules to meet its customers’ needs, rather than selling them individual components.”

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.

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.

See: ISDN sees 1Q earnings treble to $5.2 mil

ISDN sees 1Q earnings treble to $5.2 mil

SINGAPORE (May 14): ISDN Holdings saw its earning treble to $5.2 million for the 1Q ended March, from $1.7 million a year ago.

This was mainly due to the 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.

This was largely due to the growing demands for high-tech precision control systems from medical devices manufacturers, as well as growing customer base and higher orders, especially in China.

Will blockchain pave the way for a stronger FY18 for ISDN?

SINGAPORE (Mar 1): UOB Kay Hian is reiterating its “buy” on ISDN Holdings with a target price of 35 cents on strong demand for motion control devices and higher orders from existing and new customers.

In FY17, ISDN reported an 85.3% y-o-y surge in earnings to $9.55 million from a year ago. Revenue inceased 13% to $292.2 million.

For the full year, the group proposed a final dividend of 0.6 cent, or double the dividends declared a year ago.

ISDN Holdings posts 37.3% drop in 4Q17 earnings to $1.83 mil

SINGAPORE (Feb 27): ISDN Holdings, the engineering solutions provider, announced that its 4Q17 earnings has declined by 37.3% to $1.83 million compared to $2.92 million in 4Q16.

This brings FY17 earnings to $9.55 million, 85.3% higher than $5.15 million recorded in FY16.

Revenue for the quarter stood at $70.5 million, 5.1% higher than $67.1 million a year ago.

Analysts bullish on ISDN Holdings with expectations of a stellar FY17

SINGAPORE (Feb 20): NRA Capital and UOB Kay Hian are maintaining their “overweight” and “buy” ratings on ISDN Holdings, respectively, with expectations of strong 4Q17 results from the integrated engineering solutions provider on the back of favourable macro conditions.

In a Tuesday report, NRA Capital analyst Liu Jinshu says he continues to like the stock for its steady financial performance, prospect of higher dividends and its strong balance sheet.

How SunMoon intends to further grow its fruits of labour

SINGAPORE (Aug 25): Gary Loh, executive chairman of SunMoon Food Co, has spent the better part of the last decade restructuring what started as an apple-growing company. He sold off assets, cut down debt and cleaned up the balance sheet so that the company could continue as a listed entity.

In the middle of last year, with the restructuring more or less completed, SunMoon was brought to the attention of the head of a large local fund, who sent Loh a congratulatory message.

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