CSE Global

SINGAPORE (June 11): The market has reacted positively to the rise of a new single-largest shareholder at CSE Global, a systems integrator in the oil and gas and public infrastructure sectors. On April 13, Serba Dinamik International, a wholly-owned subsi

SINGAPORE (May 14): CGS CIMB Securities is upgrading its recommendation on CSE Global to “add” from “hold” previously with an increased target price of 50 cents.

SINGAPORE (May 9): CSE Global saw its earnings soar 90% to $5.7 million for the 1Q ended March, from $3.0 million a year ago.

SINGAPORE (Apr 17): CIMB Research is raising the target price on CSE Global to 44 cents, from 39 cents previously, after Malaysia-listed Serba Dinamik (SDH) acquired a close to 25% stake in the company for $57.7 million.

SINGAPORE (Mar 8): Quarz Capital, the activist investment group, says it welcomes CSE Global’s board and management for providing a clear dividend guidance for FY18.

SINGAPORE (Feb 27): CIMB is maintaining its “hold” call on CSE Global with a target price of 39 cents after the O&G engineering firm swung to a loss of $37.3 million in 4Q17 on one-off exceptional items.

SINGAPORE (Feb 26): Quarz Capital, the activist investment group, wants CSE Global to distribute $18 million of its $48 million net cash.

SINGAPORE (Feb 23): CSE Global reported a net loss of $37.3 million in 4Q17 which came of the back of revenue of $116.7 million in a difficult business and operating environment.

SINGAPORE (Jan 12): Even as valuations for small- and mid-cap offshore and marine (O&M) companies are currently undemanding after significantly underperforming the benchmark Straits Times Index in 2017, CIMB Research says it is not yet time to hop on to t

SINGAPORE (Nov 30): A former director linked to CSE Global has been ordered to pay the Monetary Authority of Singapore (MAS) a civil penalty of $423,000 – in addition to a sum of $61,457.90 for the related legal fees incurred – for insider trading in