Written by
Terence Wong, CFA
CEO and Executive Director
Azure Capital
ISOTeam is turning around, suggests CEO Anthony Koh
Jun 4, 2019
If you value a stock solely based on the financial information available on the Bloomberg Terminal, you may miss out turnaround businesses. ISOTeam is one such business, being one of the largest estate upgrading and maintenance specialists for HDB, the company, unfortunately, suffered a loss of S$2 million in the last quarter of FY2018.
Thankfully, the business has shown signs of a turnaround with growing orders this year. However, these improvements will not be captured in the financial ratios that tend to use historical figures. If you could spot and were to understand such turnaround businesses well, you may gain by buying in their stocks when the valuation is depressed.