While Catalist-listed ISOTeam may not be a household name, its projects are widely recognized across Singapore. From Marquee Nightclub at Marina Bay Sands to Minion Land and the casino at Universal Studios Singapore, Sunseap Group’s floating solar farm, Bird Paradise at Mandai, and major HDB estate upgrades, the company has left its mark on the city’s skyline. Now, ISOTeam is poised for an even bigger transformation, fueled by cutting-edge drone technology, green initiatives, and a booming construction sector.
Embracing Technology: Drone Painting & AI to Revolutionize Operations
ISOTeam, founded 27 years ago as a humble painting subcontractor, has grown into a leading player in building maintenance and upgrading. CEO Anthony Koh emphasizes the company’s strategy of being “cheaper, faster, and better”—a commitment now reinforced through automation and AI-driven solutions.
One of ISOTeam’s biggest innovations is its drone-based painting system, developed in partnership with Acclivis Technologies and Nippon Paint. The technology, first tested in façade inspections in 2021, is now in live trials for painting and is expected to be commercialized by late 2025, pending HDB approval.
✔ 20 drone units set for launch at an HDB Build-To-Order (BTO) site.
✔ If successful, fleet expansion is planned to reduce costs and labor dependency.
✔ Drones were first introduced during the COVID-19 labor crisis, highlighting the need for automation.
Additionally, ISOTeam is deploying robotic painters, capable of operating 24/7, even in the dark. Each unit costs $120,000 and can replace six to eight human painters, saving 30%-40% on costs. Government grants under the BCA Productivity Innovation Project (PIP) cover up to 70% of the cost for robots and 30% for drones.
Koh notes that AI and robotics are becoming central to ISOTeam’s operations:
🔹 AI-driven real-time data analysis for smarter decision-making.
🔹 Machines improving precision, efficiency, and worker safety.
🔹 Freeing human workers for higher-value tasks.
Going Green: Sustainable Solutions & Eco-Retrofit Leadership
Beyond tech, ISOTeam has been a leader in green building solutions for years. It was the first company in Singapore to introduce heat-reflective, external wall cool paints, which reduce ambient temperatures by up to 2°C.
✔ Tampines Town Council first used these paints on 39 HDB blocks—now being expanded nationwide.
✔ Government support and supplier Nippon Paint (a minority investor in ISOTeam) have made implementation cost-effective.
✔ Other sustainability initiatives include eco-retrofitting, noise pollution reduction, and energy-efficient upgrades.
“Our focus on sustainability is not just about cost savings—it’s about giving back to the community,” says Koh.
Construction Boom & General Election Tailwind
With Singapore’s construction sector projected to hit $47 billion–$53 billion in demand this year (up from $21.3 billion in 2020), ISOTeam stands to benefit significantly.
Recent earnings highlight strong growth:
✔ 1HFY2025 profit: $1.9 million (+36.5% YoY).
✔ Revenue: $65.4 million (+4.2% YoY).
✔ $188.7 million order book secured through FY2029.
Additionally, market analysts see ISOTeam as an “election play”. Historically, HDB and town councils ramp up painting and estate upgrading projects ahead of general elections, which must be called by November 2025.
🔹 Maybank Securities’ Jarick Seet expects increased tender activity, making ISOTeam a prime beneficiary.
🔹 CGS International highlights ISOTeam’s recurring business model, backed by government contracts.
🔹 SAC Capital calls ISOTeam’s AI-driven automation push a game-changer, improving margins and efficiency.
Analysts from Maybank and SAC Capital have rated ISOTeam as a “Buy”, with a target price of 9 cents per share.
Dividend Commitment & Long-Term Stability
ISOTeam has also strengthened its dividend policy, pledging to distribute 30% of net profits to shareholders—a sign of confidence in its earnings visibility and stability.
✔ 80% of ISOTeam’s contracts come from government projects, ensuring steady revenue.
✔ Government contracts are reliable, providing strong cash flow and long-term order stability.
The Future: A High-Tech, Sustainable Leader in Construction
ISOTeam is transforming itself into a tech-driven, sustainable leader in Singapore’s building maintenance and upgrading industry.
With:
✅ Automated drone and robotic solutions lowering costs and increasing efficiency,
✅ Government-backed sustainability initiatives boosting its green portfolio,
✅ A booming construction market ahead of the 2025 elections,
✅ A strong dividend payout policy,
ISOTeam is well-positioned for long-term growth and industry leadership.
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