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Revisions

ISDN kept at ‘overweight’ as it readies for HK debut

Broker's Calls

ISDN kept at ‘overweight’ as it readies for HK debut

PC Lee Published on Wed, Jan 11, 2017 / 11:34 AM GMT+8

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A+

SINGAPORE (Jan 11): NRA Capital is maintaining its “overweight” rating on engineering solution provider ISDN with a fair value target of 30 cents for its strong balance sheet and motion control business.

ISDN is placing out 40 million new shares at an issue price of HK$1.25 (23 cents) each for its second primary listing in Hong Kong.

The results of the allocation will be announced today -- the company has just requested for a trading halt -- and will make its debut on the main board of the Stock Exchange of Hong Kong (SEHK) on Thursday.