- On 23 Jul 2024, the Civil Aviation Authority of Singapore (CAAS) suspended the drone operations of H3 Dynamics Holdings after its drone crash at One-North Residences.
- A full investigation is underway following preliminary findings of a positioning sensor malfunction.
Negligible Impact on ISOTeam.
- - Read this at SGinvestors.io -
- ISOTeam started its collaboration with H3 Dynamics since Oct 2021 to conduct drone façade inspection projects. Since then, ISOTeam has obtained its own operator permit for façade inspection drones.
- Notably, the drone in question, Hexadrone TUNDRA 2, is not used in ISOTeam’s façade inspections. Therefore, despite the temporary suspension of H3 Dynamics Holdings, ISOTeam can continue its inspection services thanks to its own operator permit. Consequently, no significant interruption in its façade inspection services is expected.
Maintain BUY.
- - Read this at SGinvestors.io -
- We remain optimistic about the macroeconomic environment in which ISOTeam operates.
- Read more at SGinvestors.io.
Ng Ming Ci, Daniel SAC Capital Research | Matthias Chan SAC Capital | https://www.saccapital.com.sg/ 2024-07-23
Read also SAC's most recent report:
2024-08-29 ISOTeam - Stellar FY24 Performance With Strong Growth Prospects.Price targets by 2 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
