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ISOTEAM LTD 5WF.SI ISOTeam (ISO SP) - On Track For a Stellar FY16
- ISOTeam has announced contract wins of SGD20.49m, comprising A&A and R&R works.
- The majority of jobs are from Singapore government bodies like town councils and the National Environment Agency.
- We understand that c.SGD30m-35m of contracts have been utilised YTD and it is on track to enjoy a stellar FY16 (Jun).
- With a steady orderbook of c.SGD80m-85m on top of a potential expansion to Myanmar in December, maintain BUY and a SGD0.82 TP (41% upside).
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