RHB’s Alfie Yeo forecasts a compound annual growth rate (CAGR) of 16% for the group’s earnings between FY2023 to FY2026 earnings driven by its current strong orderbook, especially the electrification segment and acquisitions in the communications segment.
RHB Bank Singapore has initiated coverage on CSE Global (SGX:544
) with a “buy” call and target price of 58 cents, given its exposure to global growth and green energy across diversified segments.
KGI Securities analyst Tang Kai Jie has also initiated coverage with an “outperform” recommendation and a target price of 60 cents, citing growing energy demand and order book.
