Price Target Changed • Feb 16
Price target increased by 11% to S$0.11 Up from S$0.097, the current price target is an average from 4 analysts. New target price is 16% above last closing price of S$0.092. Stock is up 24% over the past year. The company is forecast to post earnings per share of S$0.0092 for next year compared to S$0.0073 last year. Reported Earnings • Feb 13
First half 2026 earnings released: EPS: S$0.005 (vs S$0.003 in 1H 2025) First half 2026 results: EPS: S$0.005 (up from S$0.003 in 1H 2025). Revenue: S$53.1m (down 19% from 1H 2025). Net income: S$3.26m (up 70% from 1H 2025). Profit margin: 6.2% (up from 2.9% in 1H 2025). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Construction industry in Singapore. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jan 14
ISOTEAM LTD. Announces Retirement Of Lim Kim Hock Johnny As Contracts Director ISOTEAM LTD. announced the retirement of Mr. Lim Kim Hock Johnny as Contracts Director. Mr. Lim Kim Hock Johnny was responsible for contract administration, project tenders, and procurement. Mr. Lim Kim Hock Johnny is retiring pursuant to the end of his re-employment contract. Other past directorships include Zara ISOTeam Pte. Ltd. and ISO-Team Corporation Pte. Ltd. Mr. Lim Kim Hock Johnny is an Executive responsible for contract administration, project tenders and procurement, and holds the job title of Contracts Director. He has no familial relationship with any director. His past directorships include Zara ISOTeam Pte. Ltd. and ISO-Team Corporation Pte. Ltd., and he has no present directorships. Mr. Lim Kim Hock Johnny is retiring pursuant to the end of his re-employment contract. Hong Leong Finance Limited, after having interviewed Mr. Lim Kim Hock Johnny, is satisfied that other than as disclosed in this announcement, there are no other reasons for the resignation of Mr. Lim Kim Hock Johnny. The Board would like to extend their appreciation to Mr. Lim Kim Hock Johnny for his invaluable contribution to the Company during his tenure of service as Contracts Director, and notes that no replacement will be appointed following his retirement. This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained herein. The contact person for the Sponsor is Mr. .Kaeson Chui, Vice President, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, Telephone (65) 6415 9886. Reported Earnings • Oct 16
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: S$0.007 (down from S$0.009 in FY 2024). Revenue: S$119.2m (down 8.4% from FY 2024). Net income: S$5.13m (down 21% from FY 2024). Profit margin: 4.3% (down from 5.0% in FY 2024). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Construction industry in Singapore. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Oct 15
ISOTeam Ltd., Annual General Meeting, Oct 29, 2025 ISOTeam Ltd., Annual General Meeting, Oct 29, 2025, at 10:00 Singapore Standard Time. Location: 8 changi north street 1, isoteam building, singapore 498829, Singapore Declared Dividend • Sep 27
Dividend of S$0.0008 announced Dividend of S$0.0008 is the same as last year. Ex-date: 5th November 2025 Payment date: 14th November 2025 Dividend yield will be 1.0%, which is lower than the industry average of 4.6%. Announcement • Sep 19
ISOTeam Ltd. has completed a Follow-on Equity Offering in the amount of SGD 7.00121 million. ISOTeam Ltd. has completed a Follow-on Equity Offering in the amount of SGD 7.00121 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 86,158,138
Price\Range: SGD 0.08126
Discount Per Security: SGD 0.002438
Transaction Features: Subsequent Direct Listing Announcement • Sep 11
ISOTeam Ltd. has filed a Follow-on Equity Offering in the amount of SGD 7.00121 million. ISOTeam Ltd. has filed a Follow-on Equity Offering in the amount of SGD 7.00121 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 86,158,138
Price\Range: SGD 0.08126
Discount Per Security: SGD 0.002438
Transaction Features: Subsequent Direct Listing New Risk • Aug 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 70% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (S$56.6m market cap, or US$44.1m). Reported Earnings • Aug 28
Full year 2025 earnings: Revenues miss analyst expectations Full year 2025 results: Revenue: S$119.2m (down 8.4% from FY 2024). Net income: S$5.13m (down 21% from FY 2024). Profit margin: 4.3% (down from 5.0% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 14%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Singapore. Buy Or Sell Opportunity • Jul 18
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to S$0.095. The fair value is estimated to be S$0.074, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Price Target Changed • Mar 25
Price target increased by 15% to S$0.092 Up from S$0.08, the current price target is an average from 2 analysts. New target price is 19% above last closing price of S$0.077. Stock is up 133% over the past year. The company is forecast to post earnings per share of S$0.01 for next year compared to S$0.0094 last year. Recent Insider Transactions • Mar 22
Founder recently bought S$227k worth of stock On the 21st of March, Thong Huat Koh bought around 3m shares on-market at roughly S$0.076 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Thong Huat's only on-market trade for the last 12 months. Reported Earnings • Feb 12
First half 2025 earnings released: EPS: S$0.003 (vs S$0.003 in 1H 2024) First half 2025 results: EPS: S$0.003 (in line with 1H 2024). Revenue: S$65.4m (up 4.2% from 1H 2024). Net income: S$1.92m (up 37% from 1H 2024). Profit margin: 2.9% (up from 2.2% in 1H 2024). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Feb 12
ISOTeam Ltd. to Report First Half, 2025 Results on Feb 11, 2025 ISOTeam Ltd. announced that they will report first half, 2025 results on Feb 11, 2025 Announcement • Dec 18
ISOTeam Ltd. Appoints Yap Soon Yong as Non-Executive Lead Independent Director, Chairman of Audit Committee, Member of Nominating Committee and Remuneration Committee, Effective January 2, 2025 ISOTeam Ltd. announced appointment of Mr. Yap Soon Yong as Non-Executive Lead Independent Director, Chairman of Audit Committee, Member of Nominating Committee and Remuneration Committee. Working Experience: July 2007 to Present: Chief Financial Officer of Yongmao Holdings Limited. Director Experience Details: Mr. Yap Soon Yong has attended all the core modules and elective modules of The Listed Entity Director (LED) Programme organised by Singapore Institute of Directors to familiarise himself with the roles and responsibilities of a director of a public listed company in Singapore. The Company has also conducted a comprehensive orientation programme for Mr. Yap Soon Yong to aid his understanding of the business activities of the Company, operations and strategic directions. Professional Qualifications: Bachelor's Degree in Accountancy, Nanyang Technological University Institute of Singapore Chartered Accountants (ISCA) (Member) Singapore Institute of Directors (SID) (Member). Appointment Date is January 2, 2025. Reported Earnings • Oct 12
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: S$0.009 (up from S$0.003 in FY 2023). Revenue: S$130.2m (up 18% from FY 2023). Net income: S$6.51m (up 364% from FY 2023). Profit margin: 5.0% (up from 1.3% in FY 2023). Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) missed analyst estimates by 9.0%. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Oct 11
ISOTeam Ltd., Annual General Meeting, Oct 25, 2024 ISOTeam Ltd., Annual General Meeting, Oct 25, 2024, at 10:00 Singapore Standard Time. Location: 8 changi north street 1, isoteam building, singapore 498829, Singapore Announcement • Sep 24
ISOTeam Ltd. Proposes First and Final Tax-Exempt Dividend for the Financial Year Ended 30 June 2024, Payable on 12 November 2024 ISOTeam Ltd. announced that notice is hereby given that subject to shareholders of the company, approving the proposed payment of the first and final tax-exempt (one-tier dividend) of 0.08 Singapore cents per ordinary share for the financial year ended 30 June 2024 (‘FY2024’) (the ‘Proposed Dividend’), the Share Transfer Books and Register of Members of the Company will be closed on 1 November 2024 at 5.00 p.m. for the purpose of determining shareholders' entitlement to the proposed dividends to a tax exempt (one-tier) proposed dividend of 0.08 Singapore cents per ordinary share for Fiscal Year 2024. Duly completed registrable transfers received by the Company's Share Registrar, Tricor Barbinder Share Registration Services, at 9 Raffles Place #26-01 Republic Plaza Tower I, Singapore 048619, up to 5.00 p.m. on 1 November 2024 will be registered to determine shareholders' entitlement to the Proposed Dividend. Members whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company at 5.00 p.m. on 1 November 2024 will be entitled to the Proposed Dividend. The Proposed Dividend, if approved by members at the annual general meeting of the Company to be held for Fiscal Year 2024, will be paid on 12 November 2024. New Risk • Sep 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Earnings are forecast to decline by an average of 8.8% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (S$45.3m market cap, or US$34.7m). Reported Earnings • Aug 28
Full year 2024 earnings released Full year 2024 results: Revenue: S$130.2m (up 18% from FY 2023). Net income: S$6.51m (up 364% from FY 2023). Profit margin: 5.0% (up from 1.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Construction industry in Asia. New Risk • Aug 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (S$41.9m market cap, or US$32.2m). Announcement • Feb 08
ISOTeam Ltd. to Report First Half, 2024 Results on Feb 07, 2024 ISOTeam Ltd. announced that they will report first half, 2024 results on Feb 07, 2024 Reported Earnings • Oct 11
Full year 2023 earnings released: EPS: S$0.003 (vs S$0.038 loss in FY 2022) Full year 2023 results: EPS: S$0.003 (up from S$0.038 loss in FY 2022). Revenue: S$110.4m (up 14% from FY 2022). Net income: S$1.41m (up S$14.6m from FY 2022). Profit margin: 1.3% (up from net loss in FY 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Aug 29
ISOTeam Ltd. to Report Fiscal Year 2023 Results on Aug 28, 2023 ISOTeam Ltd. announced that they will report fiscal year 2023 results on Aug 28, 2023 Reported Earnings • Aug 29
Full year 2023 earnings released Full year 2023 results: Revenue: S$110.4m (up 11% from FY 2022). Net income: S$1.41m (up S$11.4m from FY 2022). Profit margin: 1.3% (up from net loss in FY 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. New Risk • Aug 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (S$31.9m market cap, or US$23.5m). New Risk • Aug 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (S$17.7m market cap, or US$13.0m). Reported Earnings • Feb 14
First half 2023 earnings released First half 2023 results: Revenue: S$53.4m (up 19% from 1H 2022). Net income: S$987.0k (up S$4.39m from 1H 2022). Profit margin: 1.8% (up from net loss in 1H 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Asia. Announcement • Dec 14
Multi-Asset Growth Strategy VCC, a fund managed by Atlas Asset Management Pte. Ltd. completed the acquisition of 48% stake in SG Bike Pte. Ltd from ISOTeam Ltd. (Catalist:5WF). Multi-Asset Growth Strategy VCC, a fund managed by Atlas Asset Management Pte. Ltd. agreed to acquire 48% stake in SG Bike Pte. Ltd from ISOTeam Ltd. (Catalist:5WF) for SGD 0.55 million on December 5, 2022. In a related transaction, Multi-Asset Growth Strategy VCC also agreed to acquire ISOTeam Access Pte Ltd and ISOTeam Green Solutions Pte Ltd. The combined consideration for the three transactions is SGD 3.7 million.
Multi-Asset Growth Strategy VCC, a fund managed by Atlas Asset Management Pte. Ltd. completed the acquisition of 48% stake in SG Bike Pte. Ltd from ISOTeam Ltd. (Catalist:5WF) on December 12, 2022. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Ho Pin Teo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 13
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: S$0.029 loss per share (improved from S$0.042 loss in FY 2021). Revenue: S$99.9m (flat on FY 2021). Net loss: S$9.95m (loss narrowed 32% from FY 2021). Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Oct 11
ISOTeam Ltd., Annual General Meeting, Oct 25, 2022 ISOTeam Ltd., Annual General Meeting, Oct 25, 2022, at 10:00 Singapore Standard Time. Location: 8 Changi North Street 1, ISOTeam Building Singapore Singapore Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 30 June 2022 together with the Independent Auditor's Report thereon; to approve the payment of Directors' fees of $147,735 for the financial year ending 30 June 2023, to be paid quarterly in arrears; to re-appoint Baker Tilly TFW LLP as auditor of the Company and to authorise the Directors to fix its remuneration; and to consider other matters. Reported Earnings • Aug 29
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: S$0.029 loss per share (up from S$0.04 loss in FY 2021). Revenue: S$99.9m (flat on FY 2021). Net loss: S$9.95m (loss narrowed 32% from FY 2021). Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 11%, compared to a 17% growth forecast for the Construction industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 28
Price target decreased to S$0.12 Down from S$0.30, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of S$0.12. Stock is down 13% over the past year. The company is forecast to post earnings per share of S$0.01 next year compared to a net loss per share of S$0.04 last year. Board Change • Apr 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Ho Pin Teo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: S$0.01 loss per share (up from S$0.017 loss in 1H 2021). Revenue: S$45.0m (up 23% from 1H 2021). Net loss: S$3.40m (loss narrowed 43% from 1H 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to stay flat compared to a 14% growth forecast for the industry in Singapore. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Board Change • Jan 18
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Ho Pin Teo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 21
Coney International Ltd. entered into a letter agreement to acquire Pure Group (Singapore) Pte. Ltd., Pure Projects (Philippines) Inc, Pure Projects Construction Advisory Shanghai Co Ltd, Pure Projects Management Sdn. Bhd., Pure Projects SEA Pte. Ltd. and Pure Projects SEA Ltd from ISOTeam Ltd. (Catalist:5WF) for SGD 4.5 million. Coney International Ltd. entered into a letter agreement to acquire Pure Group (Singapore) Pte. Ltd., Pure Projects (Philippines) Inc, Pure Projects Construction Advisory Shanghai Co Ltd, Pure Projects Management Sdn. Bhd., Pure Projects SEA Pte. Ltd. and Pure Projects SEA Ltd from ISOTeam Ltd. (Catalist:5WF) for SGD 4.5 million on September 17, 2021. As per the transaction, Coney International Ltd. will acquire 100% stake in Pure Group (Singapore) Pte. Ltd., Pure Projects Construction Advisory Shanghai Co Ltd, Pure Projects Management Sdn. Bhd and Pure Projects SEA Pte. Ltd., 99.9% stake in Pure Projects (Philippines) Inc and 49% stake in Pure Projects SEA Ltd. The consideration will be paid in cash. For the financial year ended June 30, 2021, Pure Group (Singapore) Pte. Ltd., Pure Projects (Philippines) Inc, Pure Projects Construction Advisory Shanghai Co Ltd, Pure Projects Management Sdn. Bhd., Pure Projects SEA Pte. Ltd. and Pure Projects SEA Ltd have incurred a net loss after tax of approximately SGD 0.9 million. The transaction is subject to regulatory approvals, third party approvals and resignation of target directors. The completion of the Proposed Disposal shall take place within 10 business days after the satisfaction or waiver of the Conditions, or such other date as the Company and the Purchaser may agree in writing, and in any event no later than the date falling three months after the date of the Letter. The Group intends to apply such Net Proceeds towards the general working capital requirements of the Group, including operational expenses for ongoing projects. Reported Earnings • Aug 29
Full year 2021 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: S$99.0m (up 8.0% from FY 2020). Net loss: S$14.5m (loss narrowed 26% from FY 2020). Announcement • Mar 03
ISOTeam Ltd. Announces Appointment of Teo Ho Pin as Independent Director ISOTeam Ltd. appointed former Member of Parliament ("MP"), Dr. Teo Ho Pin to its Board of Directors (the "Board") as an Independent Director effective from 1 March 2021. Dr. Teo will serve as one of three independent directors on ISOTeam's Board. With a public service career spanning more than two decades, including MP for various constituencies, Dr. Teo has chaired multiple Government Parliamentary Committees for National Development, Environment and Water Resources, Law, and Home Affairs. He had also served as the Mayor of the North West District of Singapore for more than 19 years until 2020, where he was credited for implementing community development programmes that built a cohesive community for residents. As the former Chairman of the Holland-Bukit Panjang Town Council from 2001 to 2020, Dr. Teo had approximately 50,000 public housing flats and commercial units under his charge and served as advisor in formulating township management policies, facilities management programmes, and improvement projects. Dr. Teo had also served as the co-ordinating Chairman for the 15 Town Councils in Singapore (2006-2020), where he undertook the management of approximately one million public housing flats and implemented joint projects among the town councils. Announcement • Feb 24
ISOTeam Ltd. Announces Award of Contracts The Board of Directors of ISOTeam Ltd. announced that the Group has secured the following projects, which are worth approximately SGD 24.33 million in aggregate: 2 Addition and Alteration (A&A) projects with a total contract value of approximately SGD 22.00 million, which are expected to be completed by December 2022- One of these projects involves a neighbourhood renewal programme and repairs and redecoration works to 34 blocks at Tampines Street 71 and Street 72; 2 Landscaping (LS) projects with a total contract value of approximately SGD 1.35 million, which are expected to be completed by March 2024; 1 Interior Design (ID) project with a contract value of approximately SGD 0.68 million, which is expected to be completed by May 2021; and 2 Coating and Painting (C&P) projects with a total contract value of approximately SGD 0.30 million, which are expected to be completed by December 2021. The abovementioned contracts awarded are not expected to have a material impact on the earnings per share and net tangible assets per shares of the Group for the current financial year ending 30 June 2021. Reported Earnings • Feb 10
First half 2021 earnings released: S$0.017 loss per share (vs S$0.01 profit in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: S$36.7m (down 42% from 1H 2020). Net loss: S$6.00m (down 314% from profit in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Executive Departure • Feb 06
Independent Director has left the company On the 27th of January, Kheng Choo Ng's tenure as Independent Director ended after 7.6 years in the role. We don't have any record of a personal shareholding under Kheng Choo's name. A total of 2 executives have left over the last 12 months. Announcement • Jan 29
ISOTeam Ltd. Announces Cessation of Ng Kheng Choo as Independent Non-Executive Director, Chairperson of the Nominating Committee and Member of the Audit Committee and Remuneration Committee ISOTeam Ltd. announced cessation of Ng Kheng Choo as Independent Non-executive Director, Chairperson of the Nominating Committee and member of the Audit Committee and Remuneration Committee effective January 27, 2021 to pursue consulting opportunities within ISOTeam group of companies. Announcement • Jan 22
ISOTeam Ltd. Announces Award of Contracts The Board of Directors of ISOTeam Ltd. to announce that the Group has secured the following projects, which are worth approximately SGD 20.84 million in aggregate. 2 Interior Design projects with a total contract value of approximately SGD 9.98 million, which are expected to be completed by March 2022; 2 Mechanical and Electrical (M&E) projects with a total contract value of approximately SGD 8.88 million, which are expected to be completed by February 2024; and 4 Coating and Painting (C&P) projects with a total contract value of approximately SGD 1.98 million, which are expected to be completed by June 2023. Announcement • Jan 09
ISOTeam Ltd. Appoints Teoh Kok Ann as Chief Operating Officer, Effective from January 11, 2021 The Board of ISOTeam Ltd. has reviewed and considered the qualifications and work experience of Mr. Teoh Kok Ann and approved his appointment as the Chief Operating Officer of the Company. Appointment date is January 11, 2021. Working Experience: October 2019 - January 2021: Goodwood Development Group Pty Ltd. - Managing Director November 2014 - March 2018: ISOTeam C&P Pte Ltd. - Managing Director June 2002 - October 2014: Accom Pte Ltd. (nka ISOTeam C&P Pte Ltd) - Executive Director. Announcement • Dec 12
ISOTeam Ltd., Annual General Meeting, Dec 29, 2020 ISOTeam Ltd., Annual General Meeting, Dec 29, 2020, at 10:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 30 June 2020 together with the Independent Auditor's Report thereon; to approve the payment of Directors' fees of $147,735 for the financial year ending 30 June 2021, to be paid quarterly in arrears; to re-elect Mr Ng Cheng Lian as a Director of the Company; to re-elect Mr Tan Eng Ann as a Director of the Company; to re-elect Mr Ryota Fukuda as a Director of the company; to re-appoint Baker Tilly TFW LLP as auditor of the Company and to authorise the Directors to fix its remuneration; to authorise the Directors to allot and issue shares and convertible securities; to authorise the Directors to grant awards and to allot and issue shares in accordance with the provisions of the ISOTeam Performance Share Plan; and to consider other matters. Announcement • Dec 01
ISOTeam Ltd. Announces Cessation of Thiam Huat as Projects Director ISOTeam Ltd. announced that Or Thiam Huat has tendered his resignation as the Executive Officer (Projects Director) of the Company and its subsidiaries (the "Group") to pursue personal interests. Mr. Or Thiam Huat is currently serving his notice period and his last day of employment will be 26 December 2020. Mr. Or Thiam Huat will remain as the Executive Officer (Projects Director) of the Group and will ensure smooth execution of the Company's projects until the effective date of his resignation. Mr. Or Thiam Huat will also be stepping down from his directorships in the Group's subsidiaries. Analyst Estimate Surprise Post Earnings • Nov 04
Revenue and earnings miss expectations Revenue missed analyst estimates by 49%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 108%, compared to a 11% growth forecast for the Construction industry in Singapore. Price Target Changed • Nov 04
Price target lowered to S$0.26 Down from S$0.30, the current price target is an average from 2 analysts. The new target price is 73% above the current share price of S$0.15. As of last close, the stock is down 40% over the past year. 
