The strong driver came from its electrification segment, which was up 50% y-o-y to $146 million, with further growth ahead thanks to major data centre contracts in the Americas, which together account for $178 million in new order intake, which is two-thirds of the company's total of $271 million.
Alfie Yeo of RHB Bank Singapore, citing CSE Global's multi-year growth underpinned by a US$1.5 billion worth of orders from Amazon over the next five years, has raised his target price to $1.94 from $1.48.
At its recent 1QFY2026 business update, CSE Global reported revenue that was up 29% y-o-y to $265 million, which came in within Yeo's expectations.
