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Analysts remain optimistic on CSE Global on strong order book, earnings visibility

Uma Devi
Uma Devi • 5 min read
Analysts remain optimistic on CSE Global on strong order book, earnings visibility
SINGAPORE (Nov 11): The best is yet to come for CSE Global, say analysts, as the group has garnered four “buy” calls across brokerages DBS Group Research, CGS-CIMB, KGI Securities and RHB.
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SINGAPORE (Nov 11): The best is yet to come for CSE Global, say analysts, as the group has garnered four “buy” calls across brokerages DBS Group Research, CGS-CIMB, KGI Securities and RHB.

Barring a 4.7% decline in earnings to $5.03 million for 3Q19 ended September from $5.28 million in the previous year, the mainboard-listed technology solutions provider posted a solid set of results across a number of other key financial metrics.

Revenue for the quarter surged 21.9% to $111.5 million due to higher contributions from the Americas and the Asia Pacific regions. Operating profit also registered a 2.3% growth to $7.1 million.

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