CSE Global

Contracts

CSE Global secures $114.9 mil in new orders for 2Q20

Technology solutions provider CSE Global says it has secured some $114.9 million of new orders in 2Q20, an 8.5% increase from the $105.9 million secured in 2Q19.

Broker's Calls

Temasek unit Heliconia's investment renders CSE Global more stable prospect for investors

While the global Covid-19 scenario remains uncertain, RHB analysts Lee Cai Ling and Jerrick Seet see CSE Global as a counter with attractive value.

Investing ideas

It's time to scoop up units of CSE Global

"We think CSE’s padded order backlog will cushion it in these tough times," says CGS-CIMB analyst Cezzane See

Oil & Gas

New order growth may slow but CSE Global to enjoy support from 'essential' contracts

“So far for us, there has been no material negative impact on our operations till March, but we are not sure how our order book and revenue will pan out from April onwards,” says CSE’s Managing Director.

Broker's Calls

CSE Global gets a thumbs up from DBS, but expected to take a hit from oil price slump

DBS Research Group is maintaining its “buy” call on oil, gas and telecommunications operator CSE Global, but at a revised target price of 54 cents.

Contracts

CSE Global wins $127.2 mil in total new orders for 1Q2020, up 46.6% y-o-y

Engineering services provider CSE Global has announced $127.2 million worth of new orders for 1QFY2020.

SGX Research Series: 10 in 10

Engineering expertise and strategic acquisitions the growth pillars for CSE Global

CSE Global currently has more than 1,500 employees worldwide and operates a network of 41 offices across the globe.

Offshore & Marine

Singapore O&M sector should see further consolidation: KGI

The offshore and marine (O&M) sector has struggled with a string of macroeconomic uncertainties related to the US-China trade tensions and Brexit, but these have since been overshadowed by the Covid-19 outbreak. KGI analyst Joel Ng iden

Investing ideas

Consistent dividend payout and order book intake make CSE Global a worthy investment, say analysts

“CSE remains our preferred small-cap oil and gas pick due to its i) earnings growth potential, 2) sustained dividend and 3) padded backing,” explains CGS-CIMB analyst Cezzane See.

Contracts

CSE Global bags orders worth $230 mil in 4Q19, full year order wins lifted to $580 mil

Notably, $190 million of the orders in 4Q19 were secured by the group’s O&G sector. This brings the sector’s full year orders to $430 million, almost double that of $218 million in 2018.
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