SINGAPORE (July 27): UOB Kay Hian is re-initiating coverage of ISOTeam at a “buy” recommendation with a target price of 53 cents, in light of the company’s recent slew of contract wins among other positive developments.

Shares of the building maintenance & estate upgrading firm surged as high as 1.6% at 32.5 cents last month, after news on its latest contract wins worth $26.32 million for new private and public sector works.

 (See ISOTeam trades near all-time high on contract wins)

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