Hence, Seet is staying “buy” on CSE and raising his 12-month target price by nearly 213% to 70 cents from 58 cents previously.
With Trump pushing companies to set up US factories and build more data centres, Mainboard-listed CSE Global will likely be a key beneficiary of these megatrends, says Maybank Securities analyst Jarick See.
CSE, a systems integrator providing electrification, communications and automation solutions, is focused on expanding its US capacity with a much larger facility being constructed, adds Seet in a June 27 note.
“We believe CSE is gaining good traction with one of the largest data centre players in the US and is in the midst of qualifying for another one [to] two major customers,” he writes. CSE is also “well-placed” to be one of the “key beneficiaries” of the Monetary Authority of Singapore’s (MAS) $5 billion programme to lift the valuation and liquidity of small- and mid-caps here, Seet adds.
