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Analysts keep positive view on CSE Global's 'multi-year growth story'

The Edge Singapore
The Edge Singapore  • 3 min read
Analysts keep positive view on CSE Global's 'multi-year growth story'
CSE Global will be one of the key beneficiaries of the proposed $5 billion to boost the market with investments in small and mid-caps / Photo: CSE Global
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Analysts from UOB Kay Hian and Maybank Securities have kept their calls and respective target prices on CSE Global (SGX:544) after the engineering firm's 1QFY2025 business update that came in largely within their expectations.

For the three months to March, CSE Global reported overall revenue of $206 million, up 4% y-o-y, thanks to stronger performance from the communications and automation segments in the Americas region.

On the other hand, there was a 4% y-o-y decline due to some project delays in Australia and New Zealand.

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