In particular, they expect the company’s revenue from electrification works to grow faster this year than in FY2025’s 17%, thanks to record-high electrification order intake of $593 million and a strong order book of $462 million.
Shares of CSE Global (SGX:544
) have enjoyed a strong run after it was announced that e-commerce giant Amazon is not only a long-term customer but also a potential strategic investor. Since the announcement of Amazon.com’s potential investment last November, CSE Global has surged by 50%. And following the company’s FY2025 earnings beat, it looks like there is more room for growth and several research houses are reflecting this with higher target prices.
In contrast, Tan Jie Hui and Lim Siew Khee did not raise their target price for CSE Global. That is because, before the FY2025 results, their $1.50 target price was already the most bullish. CSE Global’s 42% jump in its FY2025 earnings to $37.5 million, thanks to lower-than-expected admin costs and tax savings. While higher operating costs might carry over into FY2026 as the company scales up activities, the bulk of the one-off start-up costs have been incurred, and CSE Global is set to enjoy better margins this year as revenue increases.
