CIMB 'heartened' by CSE Global's dividend commitment but still not turning bullish
Michelle Zhu • • 2 min read
SINGAPORE (Mar 8): CIMB is reiterating its “hold” call on tech group CSE Global with an unchanged target price of 39 cents, which is based on 12 times FY19 earnings.
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SINGAPORE (Mar 8): CIMB is reiterating its “hold” call on tech group CSE Global with an unchanged target price of 39 cents, which is based on 12 times FY19 earnings.
This comes after the group guided for a dividend per share (DPS) of 2.75 cents for FY18, which is slightly higher than the 2.5 cents forecasted by CIMB and what activist investment group Quarz Capital this morning said it was satisfied with.
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