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ISDN Holdings Limited ( (SG:I07) ) has issued an announcement.
ISDN Holdings Limited has acquired a 51% stake in PT Funda Konstruksi Engineering to enhance its hydropower capabilities in Indonesia. This acquisition is expected to strengthen ISDN’s renewable energy operations by integrating PT Funda’s end-to-end hydropower services, which include engineering, procurement, construction, and operations and maintenance. PT Funda, established in February 2024, is led by experienced engineers with a strong track record in hydropower projects, adding a robust pipeline of over 300 MW in planned capacity. This strategic move aligns with ISDN’s long-term goal to expand its renewable energy footprint in Indonesia, leveraging PT Funda’s technical expertise and project management capabilities.
The most recent analyst rating on (SG:I07) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on ISDN Holdings Limited stock, see the SG:I07 Stock Forecast page.
More about ISDN Holdings Limited
ISDN Holdings Limited is a leading industrial automation firm in Asia with a notable presence in the renewable energy sector in Indonesia. The company focuses on the development and operation of mini-hydropower plants, aiming to provide comprehensive project lifecycle solutions.
Average Trading Volume: 1,205,036
Technical Sentiment Signal: Buy
Current Market Cap: S$168.2M
See more insights into I07 stock on TipRanks’ Stock Analysis page.