ISDN Holdings Faces Earnings Hit From Global Economic Slowdown Risks -- Market Talk

Dow Jones
Apr 22, 2025

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)

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