ISDN Holdings will withdraw the scrip dividend scheme for FY2021 and distribute the proposed dividend of S$0.0145 fully in cash instead, given that the issue price of the scrip dividend is lower than the counter’s market price.

CGS-CIMB Research is keeping its “add” rating on ISDN Holdings with an unchanged target price of 70 cents following a post-1QFY2022 ended March business update call hosted by the research house. ISDN’s 1QFY2022 business update was released on June 10.With China’s economy reopening, the group...

CGS-CIMB Research analyst William Tng has maintained his “add” call on ISDN Holdings even after the company’s revenue and net profit for the 1QFY2022 ended March both stood 10% below his expectations.On June 10, ISDN reported revenue of $94.7 million for the quarter, down 3.8% y-o-y. The quart...

Overall transaction volumes during the quarter fell 45% y-o-y to 5,035 units, thanks to a bigger decline in the primary market. The primary market fell 55% y-o-y to 1,844 units in the 1Q2022, while the resale market saw a slower decline of 39% y-o-y.According to DBS Group Research analysts Derek Tan...

In the analyst’s view, the next stage of development for ISDN is to increase the contribution of software solutions in its revenue mix. This is considering how ISDN has incorporated a subsidiary in China in Aug 2021 to offer technical service, technical development, software development, artificia...

Industrial automation firm ISDN Holdings has reported record FY2021 revenue of $440 million for the year ended December 2021, with a full year profit of $25.4 million. This represents a 22% y-o-y growth in revenue, and a 68% jump in earnings. The company also recorded a 14.5% y-o-y rise in 2HFY202...

ISDN HOLDINGS reported a net profit of S$13.3 million for the second half of the fiscal year ended December, up from earnings of S$5.6 million in the corresponding year-ago period.

On Jan 11, the FTSE STI Index took out the thrice-shy 3,240 points attempted last year. At the end of last week — against the odds and market belief (unless you were long on this column’s calls) — the index held above that level, with a gain of 4.7% year to date to 3,282 points on Jan 14. Inde...

Right after Singapore Exchange (SGX) announced the new framework for special purpose acquisition company (spac) listings last September, co-found­er and managing partner of Singapore based private equity firm Novo Tellus Capital Partners Loke Wai San was among the first to express interest. Novo Te...

Novo Tellus Capital Partners has finally registered its initial public offering (IPO) for its special purpose acquisition company (spac) Novo Tellus Alpha Acquisition (NTAA) on Jan 20. This is just a week after Vertex Holdings and Tikehau Capital launched theirs. As the third spac vehicle listing on...

Singapore’s public listed market is entering a new era. On Jan 13, the Singapore Exchange (SGX) saw the launch of its first special purpose acquisition company (spac) listing by Vertex Technology Acquisition Corp (VTAC). Given how two other spacs are being launched around the same time, VTAC says ...

Novo Tellus Alpha Acquisition, a spac backed by fund manager Novo Tellus, has lodged its preliminary prospectus to raise $150 million, joining the trio of spac offerings that include Vertex Technology Acquisition Corp and Pegasus Asia. The offer totals 10 million units priced at $5 each. It consists...

CGS-CIMB Research analyst William Tng has upped his target price on ISDN Holdings from 85 cents to $1 and maintained his buy call, after the engineering firm booked the highest profit ever seen in a quarter. ISDN’s 3QFY2021 revenue grew 10.2% y-o-y to $106.7 million while net profit grew 56.8% y-o...

MAINBOARD-LISTED ISDN Holdings posted a 56.8 per cent rise in net profit to S$8.6 million for its third quarter ended Sep 30, 2021, from S$5.5 million a year ago.

ISDN Holdings has reported record earnings of $8.6 million for 3QFY2021 ended Sept 30, up 56.8% y-o-y. For the nine months, it booked a profit of $20.8 million, up 37.9% y-o-y. Revenue, meanwhile, was up 10.2% y-o-y to $106.7 million for the same quarter, and up 22.7% y-o-y to $323.8 million for the...