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ISOTeam
30-08-2017, 09:06 AM,
Post: #61
RE: ISOTeam
ISOTeam wins S$24.2 million in new contracts including Addition and Alteration works worth S$16.8 million SINGAPORE, 29 August 2017 – ISOTeam Ltd. (“ISOTeam” or together with its subsidiaries, the “Group”), an established eco-conscious Repairs and Redecoration (“R&R”), Addition and Alteration (“A&A”) and complementary niche services specialist in Singapore, has secured 15 projects worth an aggregate of S$24.2 million. These projects are slated for completion by August 2019. Executive Director and Chief Executive Officer, Mr Anthony Koh (许统发), said, “Business has been brisk, particularly for our A&A division which accounted for around S$16.8 million out of the S$24.2 million new contracts we secured. The rest of our business units are also contributing positively and we are confident that the rest of FY2018 will continue to bring new revenue for us despite challenging market conditions.”

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30-08-2017, 09:40 AM,
Post: #62
RE: ISOTeam
(30-08-2017, 09:06 AM)Life is a game Wrote: ISOTeam wins S$24.2 million in new contracts including Addition and Alteration works worth  S$16.8 million   SINGAPORE, 29 August 2017 – ISOTeam Ltd. (“ISOTeam” or together with its subsidiaries, the “Group”), an established eco-conscious Repairs and Redecoration (“R&R”), Addition and Alteration (“A&A”) and complementary niche services specialist in Singapore, has secured 15 projects worth an aggregate of S$24.2 million. These projects are slated for completion by August 2019.   Executive Director and Chief Executive Officer, Mr Anthony Koh (许统发), said, “Business has been brisk, particularly for our A&A division which accounted for around S$16.8 million out of the S$24.2 million new contracts we secured. The rest of our business units are also contributing positively and we are confident that the rest of FY2018 will continue to bring new revenue for us despite challenging market conditions.”

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Finally, some positive news Smile

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30-08-2017, 05:07 PM,
Post: #63
RE: ISOTeam
My own analysis gives me the feeling that ISOTeam's grow is rapidly slowing down; although their projects come in "many small ones", it appears that the very fierce market competition might have whittled down their competitive advantage. Would any VBs agree with my assessment?

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30-08-2017, 05:27 PM,
Post: #64
RE: ISOTeam
I would agree if Singapore is in a rapid growth stage now and that's all isoteam can clinch. But we all know the economy now and I wouldn't say isoteam is doing a fantastic job but I am satisfied.

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30-08-2017, 11:23 PM,
Post: #65
RE: ISOTeam
The fact that they are starting another business -- bike sharing -- may be a signal of their intent to look for something else to drive growth/profits.

Why else would they do so, if their core business has many more good years?

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31-08-2017, 06:15 AM,
Post: #66
RE: ISOTeam
Tbh I'm not sure there is a need to be alarmed by the bike sharing business. It's only a million dollar investment where iso can easily earn from a couple of painting projects. All along iso has been working closely with govt and focusing on green environment. I see this bike sharing as an extension of it and align with iso mission. Sometimes we can take a step back and see the broader picture of what this project can bring for iso in future. They also invested into solar right which is linked to public housing same as bike sharing geo system in public housing areas. All linked IMO. If one day I see iso going into F&B then I have doubts about their intent.

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