[1] The group offers motion control solution in fully automated or semi automated products, equipment and production lines. Last year December, it formed a joint venture with Switzerland-based, Maxon Motors to sell Maxon motor's product in Southeast Asia.
[2] FY2018 saw revenue crossing S$300mil first time. Contribution from China is $211mil, up 1.6% despite a slowdown in the economy. Profit recorded $10.9mil, highest in history. 4Q actually incurred loss $1.5mil, due to higher cost, impairment allowance, inventory write off. Full year dividend announced 0.7 cent, up from 0.6 on FY2017.
[1] Novo Tellus private equity fund subscribed 6.4% stake in ISDN at 20 cent last Feb. The managing partner is Loke Wai San, who is executive chairman of AEM, one of the local favorite tech stocks. He favored potent of ISDN due to it's unique position in industrial automation solutions.
[2] FY2019 will see contribution from it's hydropower plants in Indonesia. It's estimated to generate US$7-12mil revenue a year. Company is planning to add more afterwards.
[3] Current price translates P/E ~ 8, P/B ~ 0.6, Dividend yield ~ 3%, which is pretty attractive, considering net cash position ~ $10mil.
CHART:
Ever since the group announced shares placement to Novo Tellus, share price rally to 26 cents on early March. Recent downfall could translate to entry opportunity. 22.5 cents is average trading price for past 2 years.
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