TECHNICAL ANALYSIS OF ISDN AS ON 3RD SEPTEMBER  2026

 

A) Daily Short Term Pivot Support Close at 0.645. 

 

B) End Weekly Intermediate Term Pivot Support Close at 0.54.

 

C) End Monthly Long Term Pivot Support Close at 0.47. 

 

TECHNICAL SYNOPSIS 

 

As long as ISDN' s Daily ShortTerm Pivot Close at 0.645 is not violated its Daily Price Action has the potential of grind up further to  retest  its previous all time highs between 0.82 and 0.85    before a minor pullback may surface to prompt a profit taking round  to reset a daily  overbought technical condition. 

 

Violating 0.645 till date, may portend ISDN to retest its recent carved out bottom at bottom of 0.62. 

 

Breaking below 0.62 will prompt technical selling to test downside of End Weekly Intermediate Support Close at 0.54.

 

Due diligence is warranted.

AEM once again experienced a sell down today with overall tech sectors bearing the brunt of AEM' s fall affecting ISDN as well to test a low of 0.655 before closing weaker at 0.66 in the face of  more Shortists' sales of 924,000 shares compared to yesterday' s  Shortists' sales of 761,500 shares.

 

As long as ISDN does not violate its Daily Pivot Support Close at 0.645 followed by a breakdown below its recent carved out bottom of 0.62, ISDN may still have the potential to reclaim its Short Term Uptrend in due course viewing its Intermediate/Long Term Pivot Support Closes are still providing strong layers of support at 0.54/0.47 technically respectively.

 

But breaking below 0.62 convincingly, ISDN may have the potential to grind down lower but presently its Daily STOCHASTIC/RSI  almost  reaching ' 0' oversold zone portending a potential  Short Term rebound any day soon.

 

Due diligence warranted.

The grinding down of AEM  today has dragged down ISDN as well to close weaker at 0.67 compared to yesterday' s close at 0.69 perpetuated by Shortists' depressing the market with 761,500 shares sale compared to yesterday' s Shortists'   sales of 823,500 shares.

 

As long as ISDN Daily Price Action does not violate its Short Term Pivot Support at 0.65 followed by its recent carved out bottom at 0.62, ISDN may still have a potential to stage a Short Term  Rebound higher in due course.

 

Violating its aforesaid 2 layers of  Supports  at 0.65 and 0.62 respectively, ISDN may have the potential to grind down lower.

 

Due diligence warranted.

TECHNICAL ANALYSIS OF ISDN AS ON 1ST SEPTEMBER  2026

 

A) Daily Short Term Pivot Support Close at 0.65. 

 

B) End Weekly Intermediate Term Pivot Support Close at 0.54.

 

C) End Monthly Long Term Pivot Support Close at 0.47. 

 

TECHNICAL SYNOPSIS 

 

As long as ISDN' s Daily ShortTerm Pivot Close at 0.65 is not violated its Daily Price Action has the potential of grind up further to  retest  its previous all time highs between 0.82 and 0.85    before a minor pullback may surface to prompt a profit taking round  to reset a daily  overbought technical condition. 

 

Violating 0.65 till date, may portend ISDN to retest its recent carved out bottom at bottom of 0.62. 

 

Breaking below 0.62 will prompt technical selling to test downside of End Weekly Intermediate Support Close at 0.54.

 

Due diligence is warranted.

SAC CAPITAL HAS JUST RELEASED THEIR LATEST RESEARCH REPORT  ON ISDN HOLDINGS, TITLED &ldquo RIDING THE HYDROPLANTS AND ELECTRONICS WAVE.&rdquo  

 

Key takeaways for ISDN:

 

1. SAC is quite bullish

 

Rating: BUY

 

Price at report date:

 

  S$0.70

 

Target price:

 

S$1.03 revised from previous of S$0.97.

 

Implied upside: about 47%. 

 

2. The important part is their earnings forecast

 

FY2025 FY2026E FY2027E

 

Revenue S$440.2m S$511.1m S$550.7m

 

Attributable NP S$6.8m S$21.3m S$25.2m

 

EPS 1.50¢ 4.71¢ 5.55¢

 

P/E 46.7x 14.9x 12.7x

 

SAC expects attributable earnings to more than triple in FY26, followed by another increase in FY27. 

 

3. The two remaining hydro plants are crucial.

 

SAC says ISDN has already completed 3 mini-hydropower plants, with 2 more scheduled for completion in 2026.

 

They expect renewable energy to contribute increasingly to gross profit because of its higher margins. 

 

4. Automation is actually the bigger near-term driver.

 

This is particularly interesting given what Intermediate/Long Term Investors who    have been watching and following the  grand  global

semiconductor super  cycle till date.

 

SAC notes that:

 

Robotics & Industrial Automation = 31.8% of the relevant revenue mix.

 

Semiconductors = 31.4%.

 

Industrial Automation revenue grew 31.9% YoY in 1H26.

 

Industrial Automation gross profit grew 33.9% YoY. 

 

So the ISDN story is becoming two engines:

 

AI/semiconductor/automation recovery + hydro recurring income.

 

One thing that Intermediate/Long Term Investors would need to  watch carefully:

 

There is an important distinction between Group Net Profit and Net Profit attributable to ISDN shareholders.

 

SAC forecasts:

 

FY26 Group profit: S$31.6m

 

Attributable to shareholders: S$21.3m

 

FY27 Group profit: S$37.3m

 

Attributable: S$25.2m. 

 

This is why the 5.55¢ FY27 EPS figure is particularly important. 

 

At  research  date increase, price around S$0.70 that which  would put ISDN at only about 12.6× FY27 earnings.

 

This will add  impetus to  the view that this report will potentially strengthen the Intermediate/Longer Term Horizon that will underpin ISDN investment case considerably.

 

The most important question now is not whether ISDN can reach S$1.03. 

 

It is whether the company can actually deliver the earnings ramp SAC is forecasting.

 

If the two hydro plants come online as planned and the automation/semiconductor business maintains its 1H26 momentum, then S$0.70 looks substantially less expensive on forward earnings than it appears from historical EPS.

 

Till date,  the market is still valuing ISDN as though a meaningful part of this earnings recovery has not yet been fully proven.

 

From the above perspectives, a Dip Buying Strategy in the Short Term by Strong Hands Investors willing to navigate  any Short Term  Volatilities as long as its Short Term Pivot Support Close at 0.65 followed  by its recent carved out bottom at 0.62 are not violated as its Intermediate/Long Term Pivot Support Closes are still intact at 0.54 and 0.47 respectively up till now. 

 

Due diligence warranted.

TECHNICAL ANALYSIS OF ISDN AS ON 31ST AUGUST  2026

 

A) Daily Short Term Pivot Support Close at 0.65. 

 

B) End Weekly Intermediate Term Pivot Support Close at 0.54.

 

C) End Monthly Long Term Pivot Support Close at 0.47. 

 

TECHNICAL SYNOPSIS 

 

As long as ISDN' s Daily ShortTerm Pivot Close at 0.65 is not violated its Daily Price Action has the potential of grind up further to  retest  its previous all time highs between 0.82 and 0.85    before a minor pullback may surface to prompt a profit taking round  to reset a daily  overbought technical condition. 

 

Violating 0.65 till date, may portend ISDN to retest its recent carved out bottom at bottom of 0.62. 

 

Breaking below 0.62 will prompt technical selling to test downside of End Weekly Intermediate Support Close at 0.54.

 

Due diligence is warranted.

ISDN SHORT SELLING DATAS FOR THE WEEK  24TH AUGUST TO 

28TH AUGUST  2026

 

Shortists          Close

1590000 24 0.675

542500    25 0.695

676000    26 0.685

979000    27 0.70

754800    28 0.69

 

The total short selling was about 4.54 million shares for the five sessions.

 

The most important observation

24 August is the key day.

 

Short selling was extremely high at 1.59m shares, yet ISDN closed at $0.675 rather than collapsing below $0.65.

 

Then, on 25 August, short selling dropped dramatically to only 542.5k, while the share price recovered to $0.695.

 

That tells me there was strong buying support underneath the short selling.

 

 

So despite substantial short activity, ISDN spent most of the week around $0.685&ndash $0.700.

 

That is not the behaviour I would expect if short sellers were completely in control.

 

Short sellers have not managed to break $0.67

 

This is what I find particularly interesting.

 

The highest short-selling day was 24 August, but the stock subsequently recovered.

 

And during the week, ISDN tested the $0.66&ndash $0.67 area but did not establish a sustained breakdown.

 

Historical data also confirms that ISDN traded as low as $0.66 on 25 August before recovering strongly. 

 

So I would currently regard:

 

$0.66&ndash $0.67 = important support zone

 

and

 

$0.70&ndash $0.71 = immediate resistance zone.

 

What concerns me that the  short selling has not disappeared.

 

On 27 August, there  was 979k shares shorted, followed by another 754.8k on 28 August.

 

That means there is still a group actively selling into strength.

 

But there is an important difference:

 

They are shorting, but so far they are not achieving a decisive downward move.

 

That can eventually become uncomfortable for the short sellers if ISDN breaks above $0.70&ndash $0.71 with strong volume.

 

My interpretation for next week, 

I would classify the situation as:

 

🟢 Medium-term: constructive

 

🟡 Short-term: neutral to mildly bullish

 

🔴 Immediate resistance: $0.70&ndash $0.71

 

My key levels would be:

 

$0.66&ndash 0.67: strong support

 

$0.685&ndash 0.69: current consolidation area

 

$0.70: first important hurdle

 

$0.71&ndash 0.72: stronger resistance

 

Above $0.72: technical picture becomes considerably more bullish

 

Below $0.66: warning that the short sellers may finally be gaining control

 

My overall view

I would not interpret this week' s 4.54m short-selling volume as a bearish signal by itself.

 

In fact, I think the price response to the short selling is more important than the absolute short volume.

 

The strongest evidence is:

 

1.59m shorts on 24 Aug &rarr stock survived at $0.675.

 

Then the stock recovered toward $0.70 despite continued short selling.

 

That suggests buyers are absorbing a significant amount of the selling.

 

Also, ISDN' s reported market data currently shows the company around $0.695 on 28 August, with a day range of $0.685&ndash $0.710. 

 

Therefore, my bias is that the short sellers are currently an overhang rather than being in full control.

 

If next week ISDN can take out $0.70, then $0.71, with volume increasing, I would become more bullish because the short sellers could start contributing to the upside through covering.

 

Conversely, if Daily Pivot Support Close at 0.65 followed by  breaks decisively below most recent carved out bottom at 0.62,  I would change my view and become much more cautious.

 

Due diligence warranted.

Even though AEM closed weaker today, ISDN had a resilient close at 0.69 lower than yesterday' s closing price 0.70 in the face of  Shortists'     reduced selling of 754,800  shares against yesterday' s sale of 979,000 shares. 

 

As long as  ISDN does not violate its Daily Pivot Support Close of 0.65 followed by a violation of its recent carved out bottom at 0.62, its Daily Price Action may have potential to retest its previous All Time Highs between 0.82 and 0.85 in due course.

 

Due diligence warranted.

TECHNICAL ANALYSIS OF ISDN AS ON 28TH AUGUST  2026

 

A) Daily Short Term Pivot Support Close at 0.65. 

 

B) End Weekly Intermediate Term Pivot Support Close at 0.54.

 

C) End Monthly Long Term Pivot Support Close at 0.47. 

 

TECHNICAL SYNOPSIS 

 

As long as ISDN' s Daily ShortTerm Pivot Close at 0.65 is not violated its Daily Price Action has the potential of grind up further to  retest  its previous all time highs between 0.82 and 0.85    before a minor pullback may surface to prompt a profit taking round  to reset a daily  overbought technical condition. 

 

Violating 0.65 till date, may portend ISDN to retest its recent carved out bottom at bottom of 0.62. 

 

Breaking below 0.62 will prompt technical selling to test downside of End Weekly Intermediate Support Close at 0.54.

 

Due diligence is warranted.

US AI BUILDOUT  IS STIMULATING THE ECONOMY BY A 3RD PARTY ANALYST 

 

Nvidia' s Q2 earnings report suggests that the AI spending boom is broadening. The company forecast 70% revenue growth next fiscal year, far above Wall Street' s 45% expectation, and said growth would be even stronger if supply constraints were less severe.

 

Significantly, non-hyperscaler revenue grew 138% y/y, outpacing hyperscaler revenue growth of 102% y/y, as demand broadened beyond mega-cap tech into AI-native startups, sovereign cloud builds, and traditional enterprise IT.

 

Such a strong outlook from the company at the center of the AI ecosystem is a powerful vote of confidence in the AI spending boom.

 

As CEO Jensen Huang put it, the " AI infrastructure buildout is at full steam." That suggests AI-related investment should remain a significant tailwind for both economic and earnings growth:

 

(1) Earnings. AI spending is already showing up broadly in the economy and in earnings. S& P 500 Information Technology forward earnings is up 81.9% y/y, more than double the 36.0% gain for the S& P 500 as a whole. Other sectors tied to the AI buildout (including Industrials, Materials, and Communication Services) are showing robust growth too.

 

 

Industry analysts expect the strength to persist, with Information Technology' s long-term earnings growth (LTEG) forecast at 41.7%, well ahead of the S& P 500' s 25.0% (chart). The other AI-related sectors are also expected to show double-digit LTEG in the mid- to high teens.

 

Due diligence warranted.

Even though AEM performance today was weak, ISDN managed to stage a stronger close at 0.70 against yesterday close at 0.685 in the face of a more aggressive Shortists' selling  of 

979,700 shares 

compared to yesterday  Shortists' sale of  676,000 shares.

 

As long as ISDN' s Daily Short Term Pivot Close at 0.65 is not violated, its daily Price Action has the potential to grind up much higher.

 

Due diligence be warranted.

China' s July industrial-profit data is mildly negative for ISDN sentiment, but investors should not  view it as a major negative for ISDN at this stage.

 

China' s industrial profits for Jan&ndash Jul 2026 rose 17.6% YoY, slowing from 18.7% in 1H26.

 

More importantly, July alone saw profit growth of 11.2%, versus 15.1% in June. 

 

The slowdown reflects weaker domestic demand and uncertainty. 

 

Why this is relevant because China is very important to ISDN' s automation business:

 

Industrial Automation = S$238m / 93.9% of 1H26 revenue

 

China accounts for about 71.3% of industrial-automation revenue

 

China automation revenue nevertheless grew 26.3% YoY in 1H26

 

ISDN' s total revenue reached a record S$253.6m

 

Net profit attributable to shareholders rose to about S$10.4m, up over 700% YoY. 

 

So, China' s industrial slowdown matters, but ISDN is not simply a play on broad Chinese industrial profits.

 

The important positive is that 

the composition of China' s industrial profits is actually quite encouraging for ISDN.

 

While overall industrial profit growth slowed, the computer, communications and electronic equipment manufacturing sector' s profits surged 110% in Jan&ndash Jul 2026.

 

Fibre-optics and communications equipment were also extremely strong. 

 

That' s important because ISDN specifically says its automation business is benefiting from AI, semiconductors, advanced electronics and smart manufacturing.

 

Its 1H26 automation order book doubled. 

 

China' s electronics industry also had 96.9% profit growth in 1H26, with semiconductor manufacturing profits particularly strong. 

 

Interpretation for ISDN which factors can Impact  ISDN:

 

Overall China industrial profits slowing:

 

🔴 Mild negative

 

Weak Chinese domestic demand:

 

🔴 Negative

 

China manufacturing investment:

 

🟠 Watch

 

Semiconductor/electronics profits:

 

🟢 Strong positive

 

AI-related manufacturing:

 

🟢 Strong positive

 

ISDN China automation growth +26.3%:

 

🟢 Very positive

 

ISDN order book doubled:

 

🟢 Very positive

 

New hydro plants:

 

🟢 Provides diversification

 

Net:

 

🟠 Mildly negative headline, but fundamentally still neutral to positive for ISDN.

 

In fact,  more attention  should be paid to the sector breakdown than the headline 17.6% figure. 

 

The fact that China' s technology/electronics manufacturing profits are exploding while traditional/domestic-demand industries struggle fits quite well with ISDN' s positioning.

 

For the ISDN share price,  smart intermediate/long term  investors will  not  change their bullish thesis based on this number alone. 

 

The key thing to watch now is whether ISDN' s China automation orders and revenue growth remain strong in 2H26.

 

And this is particularly important given that ISDN' s latest analyst material says its 2H26 outlook remains promising, with a target price of S$1.05. 

 

But in the Intermediate/Long Term Horizon, ISDN' s Mgt in May 2026 has explicitly expressed that FY 2026 is their " Harvesting Year" for in respect of their existing businesses.

 

For the rest of FY 2026 and into 2027/2038 period, ISDN' s Solid Fundamentals and Intermediate End Weekly/Long Term End Monthly Support Closes  Technicals at 0.54/0.47 have aligned together respectively. 

 

As such as long as its Short Term Pivot Support Close at 0.65 followed by its recent carved out bottom at 0.62 are not violated, its Daily Price Action has the potential of grinding higher to break above its previous All Time High between 0.82 and 0.85 potentially before End September 2026. 

 

Therefore in the Short Term, Dip Buying by Strong Hands Investors to do Dollar Costing at appropriate levels still better for choice for a Buy and Hold Strategy. 

 

My Fibonacci Extension Target of 1.236% at 1.14 will now be potentially achieved by End November 2026.

 

Due diligence warranted.

TECHNICAL ANALYSIS OF ISDN AS ON 27TH AUGUST  2026

 

A) Daily Short Term Pivot Support Close at 0.65. 

 

B) End Weekly Intermediate Term Pivot Support Close at 0.54.

 

C) End Monthly Long Term Pivot Support Close at 0.47. 

 

TECHNICAL SYNOPSIS 

 

As long as ISDN' s Daily ShortTerm Pivot Close at 0.65 is not violated its Daily Price Action has the potential of grind up further to  retest  its previous all time highs between 0.82 and 0.85    before a minor pullback may surface to prompt a profit taking round  to reset a daily  overbought technical condition. 

 

Violating 0.65 till date, may portend ISDN to retest its recent carved out bottom at bottom of 0.62. 

 

Breaking below 0.62 will prompt technical selling to test downside of End Weekly Intermediate Support Close at 0.54.

 

Due diligence is warranted.

ISDN tried to rebound but faced selling by increased Shortists selling of 676,000 shares as compared to yesterday selling of 542,500 shares resulting in  ISDN closing  slightly lower at 0.685 in view of AEM grinding lower towards its close. 

 

As long as ISDN does not violate its Short Term Pivot Close at 0.65, its daily price action may still have the potential of grinding much higher in due course viewing its strong Intermediate/Long Term Solid Fundamentals signing with its Intermediate/Long Term Fundamentals with strong support close at 0 54/0.47 respectively.

 

In the Short Term, ISDN' s another layer of    recent carved out bottom support  at 0.62 will still hold its own grounds as long as it is not violated.

 

Violating 0.65 close followed by 0.62 will potentially portend a sell off to test its Intermediate Term Pivot Resistance at 0.54.

 

Due diligence warranted.