Industrial automation is here to stay■ ISDN's 1H21 core net profit was in line with our expectation at 50% of ourFY21F net profit forecast.■ ISDN hopes that two out of its three mini-hydro power plants in Indonesiawould be operational by end-2021.■ We reiterate our Add call on ISDN given the continuing demand for industrialautomation solutions. […]

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