Shares & Derivatives
ISOTeam HY 2017 Results
By CS Jacky - 360 Wealth Management  •  February 15, 2017
Results overview *Operating profit derived after deducting COGS, Marketing and Distribution Expenses, General and Admin Expenses, Finance Costs Bright spots
  • Increase revenue in A&A, C&P and other business segments by 77%, 67% and 41% that picked up the slack for the fall in R&R segment
  • First contract for HDB Improvement programme of $17.5m– higher profit margin job with usually bigger contract size
  • Single largest renewable energy project at $6.3m
  • Improved GP margin and largely consistent OP margin. Probably mean good cost control and effective integration of acquired businesses
Areas of Concern
  • Big drop in R&R revenue, the main business segment.
  • Still no announcement on major contract in Myanmar
  • Shrinking new orders obtained in this half compared to previous result announcement although total order book at historical high
For ISOTeam, investors are looking at realisation of growth potential in the form of more contract wins translating into improving numbers. ......
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By CS Jacky - 360 Wealth Management
MAS dual-licensed stock remisier and financial adviser with Phillip Securities. Graduated with a Bachelor of Business Administration (Finance) from NUS. Bought first stock at the age of 22 and had been regularly investing in stock market since 2010. Select strong companies with good prospect trading at low valuation using a unique blend of fundamental, portfolio and technical analysis. Also invest in REITs for regular dividends.
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