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Citing recent share price correction as an opportunity to board, Maybank’s Seet maintains ‘buy’ call on CSE Global

Teo Zheng Long
Teo Zheng Long • 3 min read
Citing recent share price correction as an opportunity to board, Maybank’s Seet maintains ‘buy’ call on CSE Global
From Seet’s perspective, he believes that the recent resignation of Tan will not affect the core fundamentals of CSE Global. Photo: CSE Global
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Jacrick Seet of Maybank Securities has maintained his “buy” call on CSE Global (SGX:544) despite the recent weaker market sentiments and resignation of its lead independent director, Tan Chian Khong.

“We believe that the recent share price correction of more than 20% represents an attractive opportunity for investors to accumulate shares of CSE Global,” Seet states in his June 18 report.

From Seet’s perspective, he believes that the recent resignation of Tan will not affect the core fundamentals of CSE Global and there will be no adverse impact on CSE’s management personnel in the performance of its duties.

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