ISOTeam said it won a spate of new contracts worth S$21m. Management also expects the pace of project awards to pick up, driven by public sector upgrading works to introduce more community spaces and senior friendly amenities to both public and private estates. We expect to see more in the coming months.
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More contract wins likely incoming.
See ISOTeam's announcement dated 02 July 2025 – S$21m worth of contracts have been won, including 6 coating and painting contracts, 4 addition and alteration projects to be completed by Oct 2026 as well as 3 landscaping projects by May 2027. There are also 5 renewable solution projects to be completed by Dec 2025.
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New drone testing to begin by Sep 2025.
ISOTeam’s AI drone painting solution could change the entire industry landscape. It is currently the only contractor with this solution locally, which could reduce costs by 30-40%. This would position it well in terms of technology, lower labour use and costs as the Singapore government has long-coveted the application of technology to reduce manpower.
ISOTeam will begin testing its AI drone-painting solution on an HDB site by Sep 2025 and it will be rolled out to more estates, if successful.
Upcoming 2H25E earnings likely to surge.
Read more at SGinvestors.io.
Above is an excerpt from a report by Maybank Research. Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.
