Meanwhile, the analyst forecasts that the group’s O&G division will see 2Q18/6M18 revenue of $70 million/$135.9 million, fuelled by improved brownfield project flow and sustained execution of large greenfield contracts won in 1Q17. And for the infrastructure division, the analyst estimates 2Q18/6M18 revenue of $24.0 million/$47.7 million.
SINGAPORE (July 18): CGS-CIMB Securities is keeping its “add” recommendation on CSE Global with a target price of 50 cents.
In a Tuesday report, analyst Cezzane See estimates that the group’s 2Q18/6M18 revenue will come up to $96.6 million/$188.8 million, compared to 2Q17/6M17 revenue of $85.5 million/$160 million, on the back of firm contract execution by its O&G and infrastructure divisions.
