ISOTeam - RHB Invest 2023-09-29: Earnings Turnaround In Play; Keep BUY

• ISOTeam has successfully raised S$10.3m in a rights issue exercise. This has impacted share base, and all per share matrices including ISOTeam's share price and EPS, which will have to be theoretically adjusted.
• - Read this at SGinvestors.io -

Rights issue successfully completed.

• ISOTeam (SGX:5WF) has successfully raised S$10.3m via a renounceable non-underwritten 1-for-1 rights issue that was oversubscribed in August to raise cash for general working capital (70%) and repayment of banking facilities (30%).
• - Read this at SGinvestors.io -
• We had expected ISOTeam's share price and EPS to fall by half if fully subscribed, while share base doubles and net profit remains unadjusted. Our new target price at S$0.05 is effectively a result of a doubled share base.

Outlook remains positive.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Read also RHB's most recent report:
2025-11-27 ISOTeam - Awaiting Further Order Wins.

Previous report by RHB:
2025-09-25 ISOTeam - Await A Better Performance; Cut To NEUTRAL.

Price targets by other brokers at ISOTeam Target Prices.

Listing of research reports at ISOTeam Analyst Reports.

Relevant links:
ISOTeam Share Price History,
ISOTeam Announcements,
ISOTeam Dividend Payout Dates & Corporate Actions,
ISOTeam News