0610 GMT - ISDN Holdings faces an earnings hit from global economic slowdown risks spurred by the U.S.-China trade conflict, CGS International's William Tng says in a research report. Chinese customers accounted for 69% of its revenue as of end-December, while Singapore, Vietnam and Malaysia accounted for 9%, 5% and 3%, respectively, the analyst says, referring to the Singapore-listed company's 2024 report. Management has also acknowledged uncertainties stemming from the U.S.-China trade conflict, the analyst notes. Given the uncertainties, the brokerage downgrades the provider of industrial automation solutions to reduce from add and cuts the target price to S$0.28 from S$0.40. Shares are 1.6% higher at S$0.320. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 22, 2025 02:10 ET (06:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.