AEM today trading at S$9.93, below the S$10 level.

 

A move back above S$10 would be a positive sign for sentiment in Singapore technology and semicon-related names.

 

If AEM remains weak below S$10, it may dampen enthusiasm for related counters, including ISDN, although ISDN' s price action will still depend primarily on its own order flow.

 

Dip buying into dip to prevail as long as its Daily Pivot Support at 0.63 is not violated with a daily close.

 

Due diligence warranted.

TECHNICAL ANALYSIS OF ISDN AS ON  3RD JUNE 2026

 

A) Daily Short Term Pivot Support Close at 0.63. 

 

B) End Weekly Intermediate Term Pivot Support Close at 0.50.

 

C) End Monthly Long Term Pivot Support Close at 0.48. 

 

TECHNICAL SYNOPSIS 

 

As long as ISDN daily price action does not violate  and close below its Daily Pivot Support Close at 0.63 to date, ISDN may have the potential  to grind up higher. 

 

Violating and closing below its Daily Pivot Support  at 0.63, its daily price action may have the potential  to test its Intermediate End Weekly Support  Close of  0.50.   

 

As long as ISDN violating and closing below its Intermediate Pivot Support  Close at 0.50, its daily price action may potentially test its downside of its End Monthly  Long Term Pivot Support at 0.48.   

 

Violating and closing below 0.48, may portend  a very much lower price action. 

 

Due diligence is warranted.

A GOOD READ FOR MARKET PARTICIPANTS

 

Meanwhile, the AI boom may be spreading to Main Street, which has certainly benefited from Wall Street' s AI-led bull market.

 

Now there are signs confirming the view that AI is providing a tailwind rather than a headwind for the economy in general and the labor market in particular.

 

The above read will be positive for SGX Tech Stocks into 2027 especially AEM.

 

ISDN will benefit from AEM' s lead. 

 

NB: 

 

Market direction is never linear but may subject to pullbacks from time to time due to technical overbought condition.

 

Due diligence warranted.

AEM above $10 and hopefully it can remain above that level for the rest of today' s trading session which will suggest:

 

Buyers in  are still comfortable holding into recent highs.

 

No immediate risk-off pressure in that proxy name. 

 

This typically supports beta sentiment for related SGX tech/industrial counters, including ISDN (indirectly).

 

Therefore AEM if can stay  above $10 for the rest of the week, potentially its price action will  potentially underpin ISDN for the rest of the week' s daily  trading sessions.

 

Due diligence warranted.

Right now the market picture looks like:

 

AEM: stable &rarr supportive risk backdrop.

 

ISDN: recovering from intraday dip &rarr range-bound but defended.

 

So the signal is more &ldquo holding pattern / digestion&rdquo rather than distribution or panic selling in either name.

 

Today, ISDN looks like in holding mode as AEM price action is trying to break above its $10 resistance level. 

 

Due diligence warranted.

 

 

SENTIMENT TODAY

 

AEM strength generally helps confidence in Singapore technology and semicon-related counters.

 

While ISDN is not a pure semiconductor company, positive sentiment toward tech and industrial automation stocks can spill over into ISDN.

 

Dip buying continues to prevail.

 

As long as ISDN' s Daily Pivot Support at 0.63 is not violated with a close, its daily price action may have the potential to grind up higher before End Sept 2026 to target 1.14.

 

Due diligence warranted.

TECHNICAL ANALYSIS OF ISDN AS ON  2ND JUNE 2026

 

A) Daily Short Term Pivot Support Close at 0.63. 

 

B) End Weekly Intermediate Term Pivot Support Close at 0.50.

 

C) End Monthly Long Term Pivot Support Close at 0.475. 

 

TECHNICAL SYNOPSIS 

 

As long as ISDN daily price action does not violate  and close below its Daily Pivot Support Close at 0.63 to date, ISDN may have the potential  to grind up higher. 

 

Violating and closing below its Daily Pivot Support  at 0.63, its daily price action may have the potential  to test its Intermediate End Weekly Support  Close of  0.50.   

 

As long as ISDN violating and closing below its Intermediate Pivot Support  Close at 0.50, its daily price action may potentially test its downside of its End Monthly  Long Term Pivot Support at 0.475.   

 

Violating and closing below 0.475, may portend  a very much lower price action. 

 

Due diligence is warranted.

AEM INFLUENCE 

 

AEM Holdings trading below $10 is likely hurting sentiment across Singapore technology and semicon-related names.

 

Some traders may be reducing exposure across the sector regardless of company-specific fundamentals.

 

ISDN seems to be following the intraday  lead of AEM on a pullback as well. 

 

With AEM Holdings still weak below $10, sentiment remains cautious, but ISDN is not following in a linear breakdown pattern.

 

It&rsquo s showing two-way flow rather than panic selling.

 

Volume context:

 

4.5 Million+ shares = meaningful participation.

 

But still not &ldquo panic liquidation&rdquo .

 

More consistent with two-way positioning (buyers vs short-term sellers).

 

Due diligence warranted.

With the anticipated inflow of capital into Singapore&rsquo s small- and mid-cap space &mdash driven by initiatives like EQDP and the CPF Life-Cycle Scheme &mdash   ISDN to be included in the scheme will potentially  become evident in due course.

 

Therefore having ISDN shares will be one of the smartest and wisest choice that any  market participant can make as an Intermediate/Long Term  Buy and Hold Strategy using available SRS/CPF/CASH  into 2027 to be in their portfolios. 

 

Due diligence warranted.

SOMETHING INTERESTING TO PONDER FOR ALL MARKET PARTICIPANTS

 

Why ISDN sometimes moves &ldquo late but sharp&rdquo ?

 

When it does catch up, it&rsquo s usually because:

 

A. &ldquo Catch-up beta trade&rdquo .

 

Traders look for laggards after SMH + AEM already ran

ISDN becomes a cheap delayed proxy.

 

B. Small-cap liquidity effect.

 

Lower float &rarr price can jump quickly once buyers appear

 

C. ASEAN/China industrial narrative.

 

If China stimulus or manufacturing rebound headlines appear.

 

At times, ISDN can move independently of SMH.

 

Due diligence warranted.

A GOOD READ ON THE US STOCK MKT BY A 3RD PARTY ANALYST 

 

As stock prices continue to soar, fears of an AI bubble are increasing. 

 

The tech bubble of the 1990s was driven by fear of missing out (FOMO). 

 

This time, fabulous earnings momentum (FEMO) is driving tech stock prices higher. 

 

An earnings-led meltup like this should be more sustainable than a P/E-led meltup fueled by irrational exuberance. 

 

That&rsquo s especially true of FEMO meltups, like this one, that have been climbing a wall of worry.

 

NB:

 

FEMO forbodes well for S' pore Tech stocks, AEM/FRENKEN/UMS but their  price  firmness  will also support and underpin ISDN' s (cheap beta laggard stock) potential  catch up  price rally in due course.

 

Due diligence warranted.

Hope you will make some money on your dip buying, Bro.

 

Cheers

FROM MY OWN OBSERVATION CONCERNING  ISDN' S EXECUTIVE DIRECTOR TOTAL SHARES SALE

 

During the recent Q1 FY2026 business update, management sounded constructive on business conditions, particularly regarding the semiconductor/OSAT automation opportunity and April order momentum (based on attendees' feedback).

 

The market absorbed a substantial amount of selling volume over multiple trading days before and after the disclosure.

 

My interpretation:

 

Retirement motive.

 

Market overreaction resulted in a 10% drop but  some investors may see insider selling negatively, while I myself may view it as a liquidity event unrelated to fundamentals.

 

As a  long-term investor, I still have a constructive opinion on ISDN' s  future business outlook.

 

Based on information discussed recently:

 

Semiconductor automation orders appear to remain healthy.

 

Management indicated they can support expected OSAT demand.

 

New EV-related customers such as BYD have reportedly been added for certain energy-management products.

 

CGS maintained a positive stance  with an unchanged target price of 0.96 after the results update and highlighted valuation support around the S$0.65 region.

 

Since I believe those business fundamentals remain intact, then Mr. Kong' s share sale by itself does not automatically imply deterioration in earnings prospects.

 

Market perspective: 

 

The key signal now is not the disposal itself but whether:

 

Institutional investors continue accumulating,

management delivers on FY2026 earnings growth,

semiconductor automation revenue ramps as expected,

and margins improve.

 

If these factors develop positively, the market will eventually focus on earnings and cash flow rather than a one-off insider transaction.

 

From a trading perspective, the fact that ISDN recovered from the initial panic low and attracted significant volume suggests the market was willing to absorb the shares. 

 

However, sustained price appreciation will ultimately require confirmation through future results rather than interpretations of Mr. Kong' s motives and ISDN' s MD  has already professed that he is satisfied with the FY 2026 results with the Statement: 

 

ISDN " HARVEST YEAR STARTS STRONGLY FUELED BY AUTOMATION, AI, SEMICONDUCTORS AND ENERGY"

 

Due diligence warranted. 

 

NB:

 

DIP  BUYING  IS  STILL  BETTER FOR CHOICE FOR A BUY AND HOLD STRATEGY INTO  2027 IN THE INTERMEDIATE/LONG TERM

COURTESY OF CEDRIC YANG

 

 

$ISDN(I07.SI) 

 

Dear Fellow Shareholders,

 

On May 28, the market experienced a sharp, near-10% sell-down in ISDN Holdings&rsquo share price following the announcement that Mr. Kong De Yang, a senior executive team member and board member, had divested his entire equity stake. 

 

While sudden market drops can cause instinctive anxiety, a deeper look at the context reveals that this panic is entirely disconnected from ISDN&rsquo s operational reality and long-term fundamentals.

 

As long-term investors, we see this short-term volatility not as a systemic risk, but as a textbook mispricing driven by market emotion. Here is why we remain firmly committed to ISDN' s growth story.

 

1. Honoring a Pioneer: Mr. Kong&rsquo s Legacy and Contribution

 

To understand the significance of this transition, we must first look at Mr. Kong De Yang&rsquo s incredible trajectory with ISDN. Joining the group decades ago, Mr. Kong has been a foundational pioneer of the company. As the head of our China operations, his strategic vision, execution, and deep understanding of the industrial automation landscape were instrumental in driving ISDN&rsquo s massive expansion across mainland China.

 

The robust market position and extensive customer network that ISDN enjoys in China today are a direct testament to Mr. Kong&rsquo s leadership. His career has been one of immense dedication, and he leaves behind an operational engine that is profoundly stronger than he found it.

 

2. Seamless Succession: A Plan Years in the Making

 

The market&rsquo s panicked reaction implies that Mr. Kong&rsquo s departure creates a sudden leadership vacuum. This is factually incorrect. ISDN&rsquo s board has demonstrated exemplary corporate governance and foresight regarding management continuity.

 

A rigorous, structured succession plan for the China operations has been actively in motion since 2022. Over the last few years, Mr. Kong had already transitioned into a semi-retired state, handing over day-to-day operational responsibilities to a highly capable, next-generation leadership team that he helped groom. The operational handoff is not a sudden disruption it is a completed, multi-year process. The business is running smoothly under established leadership, completely insulated from a single individual' s retirement timeline.

 

3. Divestment vs. Fundamentals: The Trader&rsquo s Panic

 

When a retiring executive liquidates a position to fund their retirement or diversify their personal estate, short-term punters and momentum traders frequently misinterpret the move. Seeing a large block of shares move, they sold off in a wave of panic on May 28.

 

This is standard market noise. A divestment by a semi-retired executive for personal financial planning does not change ISDN&rsquo s core value proposition, its technological edge in precision engineering, or its alignment with the broader industrial upgrade across Asia. While short-term traders rushed for the exits, long-term shareholders who truly understand the business recognized the irrationality of the drop and used the liquidity to add to their positions.

 

4. Moving Forward with Gratitude and Conviction

 

Ultimately, we owe two distinct votes of thanks for the events of this week:

 

First, to Mr. Kong De Yang: We express our deepest gratitude for his decades of brilliant service, his immense contribution to ISDN' s China expansion, and the orderly succession he ensured before his retirement. We wish him the very best in his well-deserved next chapter.

 

Second, to the short-term traders: We thank the panic-sellers for introducing artificial volatility, which drove down the market price and allowed high-conviction, long-term investors to accumulate more shares at a significant discount.

 

ISDN Holdings remains structurally sound, excellently managed, and well-positioned for the future. 

Temporary market fluctuations do not redefine intrinsic value&mdash they merely create opportunity for those with the patience to see it.

 

Sincerely,

A Committed Long-Term Shareholder

From the information gathered  earlier from  1st quarter result business update on  26/5/2026,  the notable point was that a J.P. Morgan analyst reportedly asked management:

 

Pricing per OSAT machine (~S$200k&ndash 300k).

 

Whether ISDN could fulfill incoming orders.

 

Visibility of demand and order momentum.

 

Outlook for FY2026.

 

Those questions suggest they were probing:

 

Revenue scalability &mdash how much revenue each machine contributes.

 

Capacity constraints &mdash whether ISDN can meet demand.

 

Order-book visibility &mdash whether growth is sustainable.

 

Semiconductor exposure &mdash particularly OSAT and advanced packaging demand.

 

Those are typically the questions growth-oriented institutional analysts  normally ask when assessing whether earnings forecasts may need upgrading.

 

What is interesting is that management' s reported responses were relatively constructive:

 

April orders were described as good.

 

Management indicated they could handle the business volume.

 

Management expressed satisfaction with FY2026 prospects.

 

If those comments are accurately reflected, they generally support the bullish themes already highlighted by cgsi.com in its recent report &mdash namely semiconductor automation growth, AI-related manufacturing demand, and stronger earnings visibility.

 

At this stage, there is no public evidence that J.P. Morgan has issued:

a new target price,

a formal Buy/Neutral rating,

or earnings revisions on ISDN following the 26 May session.

 

If a J.P. Morgan note is later circulated through institutional channels or appears in financial media, that would provide a clearer indication of whether they came away more positive after management' s briefing.

 

Yet the potential outcome concerning the report only to their clients if there is one will only serve as a potential backdrop to help to underpin the potential upside in ISDN' s price in due course.

 

Anyway an interesting published report has already been released by The Edge.

 

Due diligence warranted.

 

NB: 

 

Looking forward to a higher price rise in the month of June as long as ISDN' s Daily Short Term Pivot Support at 0.63 is not violated with a close portending a Dip Buying strategy is better for choice. 

 

1st target:  1.00.

 

2nd target: 1.15.

 

 

ISDN' S QUICK 

  COMPARISON:

 

Yesterday: ~13.02M (high participation equilibrium day).

 

Today (latest you gave): ~13.25M.

 

What that tells you (important context)

 

Both days are very high volume back-to-back.

 

This isn&rsquo t a one-off spike &mdash it&rsquo s sustained positioning activity.

 

Typically means the market is:

 

Rotating positions.

 

Not exiting.

 

Building a wider value area (rather than trending cleanly).

 

Structural takeaway:

 

Two consecutive high-volume sessions around:

 

0.73 fair value zone

0.725&ndash 0.735 range:

 

👉 suggests:

 

Ongoing accumulation/distribution battle inside a defined band, not a directional breakdown or breakout yet.

 

Due diligence warranted.