CSE Global

SINGAPORE (Nov 8): CSE Global saw 3Q17 earnings drop 25% to $3 million compared to $4 million in 3Q16.

SINGAPORE (Oct 16): NRA Capital says CSE Global has caught its attention as a company that may have bottomed, and could see considerable upside ahead from its current share price.

SINGAPORE (Aug 14): CIMB continues to rate CSE Global “reduce” with a target price of 32 cents on the back of the group’s weak 1H17 results.

SINGAPORE (Aug 10): CSE Global reported a net loss of $13.8 million in 2Q17 compared to earnings of $5.5 million in 2Q16.

SINGAPORE (July 25): CIMB Research has cut its rating for CSE Global to “reduce”, from “add” previously. In addition, the research house has slashed CSE’s target price to 39 cents, from 56 cents previously.

SINGAPORE (May 11): CSE Global saw earnings of $3 million in the first quarter ended March, a 45.5% decrease from earnings of $5.5 million a year ago.

SINGAPORE (March 13): CIMB is maintaining its “add” call for CSE Global on the back of new contract wins.

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SINGAPORE (March 10): CSE Global announced Friday that its wholly-owned US subsidiary, W-Industries of Texas, has won two deepwater offshore projects valued at US$30 million ($42 million).

SINGAPORE (Dec 5): CIMB is upgrading the offshore and marine sector to “neutral” as it forecasts higher crude oil prices of between US$45 and US$60 per barrel.