ISOTeam

ISOTeam: Bagged nine contracts worth an aggregate $22.2m, consisting six repairs & redecoration (R&R) contracts of $15.4m, one addition & alteration (A&A) ($3.5m), an interior design project ($3.2m) and its first contract for renovation works ($0.1m). Works are expected over the next 16 months. ISOTeam has been on a tear over the past year, gaining over 45% since the beginning. The R&R and A&A specialist recently had one of its suppliers, Nippon Paint, taking a stake through a placement of up to 5.9% in the company, potentially aiding in shoring up investor’s confidence in the prospects going forward. Management guided that it was on the look out for M&As to grow its business, and aims to expand its services to untapped markets, which could include the likes of military camps, industrial parks and education institutions. The company has an estimated order book of $95m, underpinning revenue visibility over 2015. At $0.515, ISOTeam is valued at 8.6x forward P/E. The street has 2 Buy ratings with a consensus TP of $0.67.