CSE Global [Official]
- Thread starter Dividends Warrior
- Start date
Sinkie
Greater Supremacy Member
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- Jan 20, 2009
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Money losing company heng never buy
New SSH...bought nearly 25% for 45c/share.
http://infopub.sgx.com/FileOpen/_Form 3 - Serba.ashx?App=Announcement&FileID=499186
Profile of the buyer:
https://www.thestar.com.my/metro/me...sets-up-company-to-get-hands-dirty-and-learn/
http://infopub.sgx.com/FileOpen/_Form 3 - Serba.ashx?App=Announcement&FileID=499186
Profile of the buyer:
https://www.thestar.com.my/metro/me...sets-up-company-to-get-hands-dirty-and-learn/
GGsg168
Arch-Supremacy Member
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Seah.tt
Banned
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- Nov 29, 2017
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u know can create acct with just an email address?
kingpartner
Master Member
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- Apr 1, 2015
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- 2,764
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Tried a bit.. like happening again
kingpartner
Master Member
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- Apr 1, 2015
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wa not bad.. 2 days move almost 10% 
reminds me of some other counter from last time
reminds me of some other counter from last time
Shion
Senior Mentor
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Tech firm CSE Global clinched $230m of new orders in Q4
Tech firm CSE Global clinched $230m of new orders in Q4
https://sbr.com.sg/information-technology/news/tech-firm-cse-global-clinched-230m-new-orders-in-q4
More than half of $190m was secured in its O&G sector.
Tech solutions provider CSE Global secured about $230m of new orders in Q4 2019, according to a press release. This brought their 2019 order intake to around $580m.
About $190m of new orders were secured by the group’s oil and gas (O&G) sector in the quarter and $430m for the full year, which was nearly double the $218m orders recorded in 2018. This included new contracts in America worth $103.7m (US$74.7m) announced last October 2019.
Another $25m was secured by the infrastructure sector in Q4, whilst the mining sector clinched about $16m.
The order book as of 31 December 2019 had exceeded $300m.
Tech firm CSE Global clinched $230m of new orders in Q4
https://sbr.com.sg/information-technology/news/tech-firm-cse-global-clinched-230m-new-orders-in-q4
More than half of $190m was secured in its O&G sector.
Tech solutions provider CSE Global secured about $230m of new orders in Q4 2019, according to a press release. This brought their 2019 order intake to around $580m.
About $190m of new orders were secured by the group’s oil and gas (O&G) sector in the quarter and $430m for the full year, which was nearly double the $218m orders recorded in 2018. This included new contracts in America worth $103.7m (US$74.7m) announced last October 2019.
Another $25m was secured by the infrastructure sector in Q4, whilst the mining sector clinched about $16m.
The order book as of 31 December 2019 had exceeded $300m.
articland05
Honorary Member
- Joined
- May 2, 2015
- Messages
- 120,218
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- 41,307
bought CSE at 0.60 years ago.
still stuck with it but the dividends helped to offset the paper loss...
overall still a gd counter
Sent from LGE LG-H990 using GAGT
still stuck with it but the dividends helped to offset the paper loss...
overall still a gd counter
Sent from LGE LG-H990 using GAGT
I ploughed all my SRS into this in the past 2-3 years when it was way below 50c and below 40c even. Also have a bit left unsold in my CDP from ages ago when it was 60-70c.
Too bad there isn't a strong discussion in this thread. Mostly trash-talking.
Too bad there isn't a strong discussion in this thread. Mostly trash-talking.
Shion
Senior Mentor
- Joined
- Oct 24, 2008
- Messages
- 374,074
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- 121,056
Consistent dividend payout and order book intake make CSE Global a worthy investment, say analysts
Consistent dividend payout and order book intake make CSE Global a worthy investment, say analysts
https://www.theedgesingapore.com/ca...-and-order-book-intake-make-cse-global-worthy
SINGAPORE (Feb 29): Oil, gas and telecommunications operator CSE Global has posted earnings of $8.1 million for 4QFY2019 ended December, 60.1% up from the $5.1 million it logged in the corresponding period a year ago.
This is on the back of a 57.7% increase in revenue to $156.6 million that follows growth in income across all its geographic regions, led by the Americas and Asia-Pacific regions, the company noted in a regulatory filing on Thursday.
CSE Global engages in greenfield and brownfield oil and gas projects in the Americas and Infrastructure services ranging from security, energy and radio in Singapore and Australia.
Notably, order intake in the quarter surged by 59.2% to $230.1 million, led by two major oil and gas greenfield project orders worth $103.7 million it secured in October. This was supported by growth in flow orders.
In this time, operating expenses was up 38.6% to $30.6 million from higher personnel costs of $6.9 million which comes from increased headcounts and a higher amortisation of intangible assets.
Overall, CSE Global’s earnings for FY2019 was up 19.6% to $24.0 million, from $20.1 million in FY2018.
This translates to earnings per share (EPS) of 4.66 cents on a fully diluted basis, compared to 3.89 cents in FY2018.
Revenue for the year was up 21% to 451.8 million, on the back of higher oil and gas revenues in the Americas regions and infrastructure revenues in the Asia-Pacific regions.
By geography, income from Asia-Pacific grew 28.8% to $165.1 million following the recognition of revenue from projects in Singapore and Australia. Americas’ revenue increased 17.1% to $279.4 million, mainly from higher time and material revenues and income from the inclusion of newly acquired subsidiaries. Meanwhile, income from Europe/Middle East/Africa was up 9.2% to $7.2 million.
Operating expenses was up 22.1% to $93.6 million, following an increasing in administrative costs and selling and distribution costs.
As at end December, cash and cash equivalents stood at $58.6 million, down from $74.1 million in FY2018.
CSE’s board has proposed a final dividend of 1.5 cents – in line with its payout in FY2018 and FY2017. Once approved by shareholders at its April 16 annual general meeting, the dividend will be paid out on May 12.
Including an interim dividend of 1.25 cents paid last September, the group’s total dividend for the year is 2.75 cents.
Looking ahead, the group is poised to continue delivering in 2020. “Despite ongoing trade tensions, a global economic slowdown and the outbreak of Covid-19, we anticipate a steady flow of orders from our existing clients while we strive to haul in larger contract wins,” says Lim Boon Kheng, the group’s managing director.
This involves “focus[ing] on growing our business organically and exploring value accretive and strategic acquisitions to further enhance the group’s profitability,” adds Lim.
Analysts are optimistic of the stock, with DBS’ Lee Keng Ling saying “CSE’s strong order book of $303.7 million and its FY2019 revenue constituting 95% from flow value projects reaffirms our view of its anticipated strong performance heading into FY2020F”.
RHB Securities’ Jarick Seet expects this to continue. “We expect larger size contract wins and a steady stream of flow orders in the near-term as the order intake momentum remained high”.
“In addition to organic growth, we think CSE Global is likely to continue its expansion plan and see its footprint widen in the UK after its acquisition of Chatterbox last year,” he adds.
To this end, Ling, Seet and CGS-CIMB analyst Cezzane See are posting ‘buy’ or ‘add’ calls on the stock at target prices of 70 cents, 73 cents and 77 cents.
“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 See.
Shares at CSE Global were down 4.59% to close at 52 cents on Friday.
Consistent dividend payout and order book intake make CSE Global a worthy investment, say analysts
https://www.theedgesingapore.com/ca...-and-order-book-intake-make-cse-global-worthy
SINGAPORE (Feb 29): Oil, gas and telecommunications operator CSE Global has posted earnings of $8.1 million for 4QFY2019 ended December, 60.1% up from the $5.1 million it logged in the corresponding period a year ago.
This is on the back of a 57.7% increase in revenue to $156.6 million that follows growth in income across all its geographic regions, led by the Americas and Asia-Pacific regions, the company noted in a regulatory filing on Thursday.
CSE Global engages in greenfield and brownfield oil and gas projects in the Americas and Infrastructure services ranging from security, energy and radio in Singapore and Australia.
Notably, order intake in the quarter surged by 59.2% to $230.1 million, led by two major oil and gas greenfield project orders worth $103.7 million it secured in October. This was supported by growth in flow orders.
In this time, operating expenses was up 38.6% to $30.6 million from higher personnel costs of $6.9 million which comes from increased headcounts and a higher amortisation of intangible assets.
Overall, CSE Global’s earnings for FY2019 was up 19.6% to $24.0 million, from $20.1 million in FY2018.
This translates to earnings per share (EPS) of 4.66 cents on a fully diluted basis, compared to 3.89 cents in FY2018.
Revenue for the year was up 21% to 451.8 million, on the back of higher oil and gas revenues in the Americas regions and infrastructure revenues in the Asia-Pacific regions.
By geography, income from Asia-Pacific grew 28.8% to $165.1 million following the recognition of revenue from projects in Singapore and Australia. Americas’ revenue increased 17.1% to $279.4 million, mainly from higher time and material revenues and income from the inclusion of newly acquired subsidiaries. Meanwhile, income from Europe/Middle East/Africa was up 9.2% to $7.2 million.
Operating expenses was up 22.1% to $93.6 million, following an increasing in administrative costs and selling and distribution costs.
As at end December, cash and cash equivalents stood at $58.6 million, down from $74.1 million in FY2018.
CSE’s board has proposed a final dividend of 1.5 cents – in line with its payout in FY2018 and FY2017. Once approved by shareholders at its April 16 annual general meeting, the dividend will be paid out on May 12.
Including an interim dividend of 1.25 cents paid last September, the group’s total dividend for the year is 2.75 cents.
Looking ahead, the group is poised to continue delivering in 2020. “Despite ongoing trade tensions, a global economic slowdown and the outbreak of Covid-19, we anticipate a steady flow of orders from our existing clients while we strive to haul in larger contract wins,” says Lim Boon Kheng, the group’s managing director.
This involves “focus[ing] on growing our business organically and exploring value accretive and strategic acquisitions to further enhance the group’s profitability,” adds Lim.
Analysts are optimistic of the stock, with DBS’ Lee Keng Ling saying “CSE’s strong order book of $303.7 million and its FY2019 revenue constituting 95% from flow value projects reaffirms our view of its anticipated strong performance heading into FY2020F”.
RHB Securities’ Jarick Seet expects this to continue. “We expect larger size contract wins and a steady stream of flow orders in the near-term as the order intake momentum remained high”.
“In addition to organic growth, we think CSE Global is likely to continue its expansion plan and see its footprint widen in the UK after its acquisition of Chatterbox last year,” he adds.
To this end, Ling, Seet and CGS-CIMB analyst Cezzane See are posting ‘buy’ or ‘add’ calls on the stock at target prices of 70 cents, 73 cents and 77 cents.
“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 See.
Shares at CSE Global were down 4.59% to close at 52 cents on Friday.
Shion
Senior Mentor
- Joined
- Oct 24, 2008
- Messages
- 374,074
- Reaction score
- 121,056
CSE Global wins $127.2 mil in total new orders for 1Q2020, up 46.6% y-o-y
CSE Global wins $127.2 mil in total new orders for 1Q2020, up 46.6% y-o-y
https://www.theedgesingapore.com/ne...ns-1272-mil-total-new-orders-1q2020-466-y-o-y
SINGAPORE (May 4): Engineering services provider CSE Global has announced $127.2 million worth of new orders for 1QFY2020.
The orders, which came from various industries including oil and gas (O&G), infrastructure, and mining, was a 46.6% increase in new orders from 1Q2019’s $86 million. However, with the current market conditions, CSE isn’t certain how orders for this quarter will pan out eventually.
In a regulatory filing on Monday, the group says that about $87.8 million of new orders were secured by the group’s O&G sector; $25.5 million for its infrastructure sector; and $13.9 million for its mining sector.
As at March 31, CSE Global’s order book came to about $302.7 million, which is up 66.9% from 1Q2019.
“We are pleased with the good order intake for 1Q2020. However, the current market environment still presents numerous uncertainties going forward: COVID-19 pandemic, low oil & gas prices and weak global economic outlook,” says Lim Boon Kheng, group managing director of CSE.
“Though CSE expects to be negatively impacted from these uncertainties in the coming months, the magnitude of the impact on CSE cannot be accurately determined at this point of time,” he adds.
The new orders are not expected to have any material impact on the group’s total net tangible assets per share, or earnings per share for the financial year ending December 31.
CSE Global shares closed 1.5 cents lower, or 3.8% lower, at 38 cents.
CSE Global wins $127.2 mil in total new orders for 1Q2020, up 46.6% y-o-y
https://www.theedgesingapore.com/ne...ns-1272-mil-total-new-orders-1q2020-466-y-o-y
SINGAPORE (May 4): Engineering services provider CSE Global has announced $127.2 million worth of new orders for 1QFY2020.
The orders, which came from various industries including oil and gas (O&G), infrastructure, and mining, was a 46.6% increase in new orders from 1Q2019’s $86 million. However, with the current market conditions, CSE isn’t certain how orders for this quarter will pan out eventually.
In a regulatory filing on Monday, the group says that about $87.8 million of new orders were secured by the group’s O&G sector; $25.5 million for its infrastructure sector; and $13.9 million for its mining sector.
As at March 31, CSE Global’s order book came to about $302.7 million, which is up 66.9% from 1Q2019.
“We are pleased with the good order intake for 1Q2020. However, the current market environment still presents numerous uncertainties going forward: COVID-19 pandemic, low oil & gas prices and weak global economic outlook,” says Lim Boon Kheng, group managing director of CSE.
“Though CSE expects to be negatively impacted from these uncertainties in the coming months, the magnitude of the impact on CSE cannot be accurately determined at this point of time,” he adds.
The new orders are not expected to have any material impact on the group’s total net tangible assets per share, or earnings per share for the financial year ending December 31.
CSE Global shares closed 1.5 cents lower, or 3.8% lower, at 38 cents.
Extract from Lim & Tan Daily Review dd 04/06/2020
This stock is B stock, I brought once, take 3 days to sell
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