CSE Global [Official]

[Perisher]

I sold some nil-paid this morning for 1.3c from CPFIS, since my CPF-OA stock limit is too low to subscribe in full. Will be applying for excess with cash.

taking into account brokerage fee, do you come out profitable?

 

[starbugs]

taking into account brokerage fee, do you come out profitable?

Yup. I have quite a bit of the mother shares and hence the nil-paid.

 

[Shion]

CSE Global announces contract wins worth $87.3 mil​

https://www.theedgesingapore.com/news/contracts/cse-global-announces-contract-wins-worth-873-mil
CSE Global has announced securing two major contracts worth $87.3 million in the US and Singapore.

The technology company’s first major contract is for the design, engineering, fabrication, installation and integration of complex electrical, instrumentation and control systems and equipment for wastewater treatment plants in the US, which is slated for execution from 2023 to 2027.

The other major contract relates to a multi-year system maintenance contract from the Singapore government in the infrastructure sector.

Group managing director of CSE Global Lim Boon Kheng says: “We are very encouraged to have secured these two major contracts, as our customers continue to leverage on our expertise and place their trust in our solutions and services. Infrastructure remains a key focus area where we are diversifying our business and these wins are testament to the strength of our strategy.”

“These projects are expected to contribute positively to CSE Global’s financial performance for the financial years 2023 to 2027,” adds Lim.

For the current financial year ended December 2022, these contracts are not expected to have any material impact on the consolidated net tangible assets per share or earnings per share of the company.

Shares in CSE Global closed at 37 cents on Jan 30.

 

[Shion]

CSE Global makes yet another wireless communications acquisition​

https://www.theedgesingapore.com/ne...t-another-wireless-communications-acquisition
Tapping on funds raised from a recent rights issue, CSE Global is acquiring two US-based radio communications businesses for US$11 million – its second acquisition of a similar nature in less than three months.

The acquisition consists of Radio One Inc and Communications Service Co of Daytona. The seller is the Kurt D. Macdonald and Karen S. Macdonald Revocable Trust.

These two companies provide radio communications solutions, Federal Communications Commission licensing assistance, servicing and two-way radio rentals to enterprise and government customers.

Just last November, CSE Global paid NZ$25 million to buy a group of wireless communications businesses.

Based on the unaudited consolidated financial statements, the two US entities acquired have a combined net tangible asset value of US$3.4 million and report earnings of around US$3.5 million and operating profit of US$3.7 million for the year ended Dec 31 2022.

CSE Global, led by CEO Lim Boon Kheng, says that it has been engaged in radio and critical communications business in similar markets. The acquisition is seen as a “strategic fit” to its existing business.

“The acquisition forms part of the group’s strategy to expand and grow its communications businesses in the infrastructure industry markets and participate in an expanding sector where demand for increased connectivity and security is expected to continue to grow.

“It is also envisaged that the acquisition will likewise strengthen the company’s existing business partner and customer relationships for its Communications business, as well as extend its geographic coverage into the USA market for its Communications business, thereby enhancing its market position in the USA market,” CSE Global adds.

CSE Global shares closed at 38 cents, up 1.35% for the day, and down 21.87% over the past year.

 

[TehSi99]

Time to buy for long term?

 

[Perisher]

Time to buy for long term?

already have this for some time... my average is about 50c though...

 

[TehSi99]

High dividend. But are profits substainable to pay the dividends?

 

[pclow59]

High dividend. But are profits substainable to pay the dividends?

https://www.dividends.sg/view/544
From 2014, dividends seems ok for me!

 

[TehSi99]

already have this for some time... my average is about 50c though...

Price downtrend from 50c for some time.

 

[WHLN17]

This guy woke up liao. However not sure whether it will stay awake or go back to sleep. It has risen from the right price of 33 cents to 47.5 today. It has also announced latest new orders and it is encouraging that its 2H23 closing order book of 521.8m is substantially higher than 2H22 closing order book of 388.9m. Hopefully the profit margin is high and translate to higher dividend.

 

[pclow59]

https://sginvestors.io/analysts/research/2023/07/cse-global-maybank-research-2023-07-24
https://www.theedgesingapore.com/ca...urge-250-y-o-y-fy2023-oil-gas-upcycle-maybank

 

[Shion]

CSE to raise $24 million to fund acquisitions and growth​

https://www.straitstimes.com/business/cse-to-raise-24-million-to-fund-acquisitions-and-growth

SINGAPORE - Mainboard-listed CSE Global plans to raise funds to pursue further growth through acquisitions or investments in its existing markets, including the United States, Australia and New Zealand.

The engineering company unveiled plans to raise $24 million via the placement of 60 million new shares at 40 cents each in a March 14 filing.

The issue price represents almost a 7 per cent discount to CSE’s volume-weighted average price of 42.81 cents.

This will allow it to raise net proceeds of $23.15 million after fees and miscellaneous expenses.

The new placement shares will form 8.9 per cent of CSE’s enlarged share base and 9.8 per cent of its existing issued share count.

On a pro forma basis, the group’s net tangible assets (NTA) per share would have been 21.62 cents instead of 19.96 cents after the proposed placement should it have been completed on Dec 31, 2023.

Listed on the Singapore Exchange since 1999 and led by chief executive Lim Boon Kheng, CSE is an infrastructure engineering specialist and systems integrator engaged in a gamut of projects, such as installing smart lighting or energy management systems.

It also has projects in the oil and gas, petrochemical, utilities, public infrastructure, environmental and healthcare industries in more than a dozen countries around the world.

The company recently announced a 372 per cent year-on-year rise in net profit to $22.5 million for the year ended Dec 31, 2023, on the back of a 30 per cent rise in topline revenue to $725.1 million over the same period.

CSE said it intends to use the proceeds of the rights issue to finance potential strategic acquisitions and investments in Australia, New Zealand and the US. It did not mention any specific acquisition target.

CGS International analysts Kenneth Tan and Lim Siew Khee believe potential acquisition targets are likely bite-sized and within the communications and electrification sectors, which will boost the company’s earnings.

“These are sectors that CSE is keen to grow in,” they wrote.

“Further growth of CSE’s infrastructure business is a longer-term positive, as such contracts tend to have higher margins compared with energy and mining, in our view.”

The investment house reiterated its “add” call on the stock with a target price of 62 cents, citing expectations of healthy earnings per share growth in the financial years of 2024 and 2025, backed by a record-high order book and higher-margin project mix.

It expects CSE’s financial year 2024 dividend yield to be around 6.5 per cent.

The placement, which is being handled by Maybank Securities and should be completed by May 10, is not underwritten. It is being offered only to eligible institutional and accredited investors.

Shares in CSE Global closed on March 15 at 41.5 cents, down 2.4 per cent.

 

[Shion]

CSE Global reports 52.2% y-o-y increase in opening order book for FY2024 worth $730.6 mil​

https://www.theedgesingapore.com/ne...ease-opening-order-book-fy2024-worth-7306-mil

CSE Global reports a 52.2% y-o-y increase in opening order book for the FY2024 ended Dec 31, 2024 of $730.6 million, an increase from the $480.1 million reported in the same period a year ago.

The opening order book refers to the total outstanding orders that the group has received but not fulfilled at the start of the specified period.

The group secured $235.3 million new orders in 4Q2024, including an electrification contract of $90.7 million.

On a quarterly basis, the group reported an opening order book of $633.6 million, down 0.7% y-o-y for 4Q2024.

The group’s electrification business segment secured $139.8 million of new orders, representing about 59.4% of total order intake during the quarter. In the 4Q2024, the order intake for the electrification business segment was 31.1% y-o-y lower, mainly attributed to the absence of several major electrification projects secured in 4Q2023.

The communications business segment contributed about 23.7% of 4Q2024 total order intake, securing $55.7 million of new orders in 4Q2024 as compared to $54.3 million of new orders in 4Q2023. On a y-o-y basis, the communications business segment fell 6.9%.

CSE’s automation business segment clinched about $39.8 million of new orders in 4Q2024. Excluding the effect of a major contract related to environmental systems and equipment in the USA in 4Q2023, the automation business segment’s 4Q2024 new order intake grew 41.4% y-o-y.

The group closed FY2024 with an order book of $672.6 million.

Shares in CSE Global closed flat at 46.5 cents on Feb 19.

 

[pclow59]

The Board of Directors of CSE Global Limited (the "Company") wishes to announce that the Company will release its full year results for financial year ended 31 December 2024 via SGXNet after trading hours on 26 February 2025.


By Order of the Board

Eunice Hooi
Company Secretary

7 February 2025

 

[Shion]

The Board of Directors of CSE Global Limited (the "Company") wishes to announce that the Company will release its full year results for financial year ended 31 December 2024 via SGXNet after trading hours on 26 February 2025.


By Order of the Board

Eunice Hooi
Company Secretary

7 February 2025

CSE Global reports higher net profit for FY2024 of $36.8 mil, up 63.2% y-o-y​

https://www.theedgesingapore.com/ca...ts-higher-net-profit-fy2024-368-mil-632-y-o-y

CSE Global has reported a net profit of $36.8 million for the FY2024 ended Dec 31, 2024, up 63.2% y-o-y. For 2HFY2024, the group saw a 88.7% y-o-y increase in net profit to $21.7 million.

In FY2024, group revenue increased 18.8% y-o-y to $861.2 million, primarily driven by the electrification and automation business segments in the Americas and Asia Pacific regions.

As such, group profit increased to $241.2 million for FY2024 by 20.7% y-o-y. Gross margin remained stable at 28%.

Earnings per share for FY2024 came in at 3.91 cents per share.

The group’s operating expenses for FY2024 rose 15.8% y-o-y to $187 million due to higher personnel costs, higher depreciation expenses and increased professional fees and computer expenses. Despite this, group operating profit and ebitda grew due to improved operating leverage and growth in revenue.

In FY2024, the group’s electrification revenue, which remains the group’s key revenue contributor, grew 30% y-o-y to $434.8 million from major contracts secured in FY2023 and new projects secured in FY2024.

The communications segment saw “modest revenue growth” driven by newly acquired subsidiaries which added $7.2 million. Segment’s ebitda decreased 7.8% y-o-y due to unfavorable sales mix at lower gross margins for international communications businesses.

The automation segment saw revenue growth of 14.3% y-o-y from the Americas and Asia Pacific region. Growth in segment ebitda was due to favourable sales mix at higher gross margins and absence of cost overruns incurred for some projects in FY2023.

CSE Global’s cash inflow stood at $33.1 million in FY2024, and net debt position was $72.1 million as at Dec 31, 2024.

Net gearing ratio as at Dec 31, 2024 stood at 0.28 times, and total order book stood at $672.6 million, with the business segments of electrification, communications and automation contributing 58.7%, 14.9% and 26.4% to group order book respectively.

The group aims to focus on its electrification and communications business. It says it stands to benefit from the growing data centre demand in relation to the above two businesses.

CSE Global has proposed a final dividend of 1.15 cents per ordinary share for the reporting period. This is a decrease from the 1.50 cents per ordinary share declared in the previous reporting period.

Shares in CSE Global closed 0.5 cents higher or 1.087% up at 46.5 cents on Feb 26.

 

[pclow59]

CSE Global reports higher net profit for FY2024 of $36.8 mil, up 63.2% y-o-y​

https://www.theedgesingapore.com/ca...ts-higher-net-profit-fy2024-368-mil-632-y-o-y

CSE Global has reported a net profit of $36.8 million for the FY2024 ended Dec 31, 2024, up 63.2% y-o-y. For 2HFY2024, the group saw a 88.7% y-o-y increase in net profit to $21.7 million.

In FY2024, group revenue increased 18.8% y-o-y to $861.2 million, primarily driven by the electrification and automation business segments in the Americas and Asia Pacific regions.

As such, group profit increased to $241.2 million for FY2024 by 20.7% y-o-y. Gross margin remained stable at 28%.

Earnings per share for FY2024 came in at 3.91 cents per share.

The group’s operating expenses for FY2024 rose 15.8% y-o-y to $187 million due to higher personnel costs, higher depreciation expenses and increased professional fees and computer expenses. Despite this, group operating profit and ebitda grew due to improved operating leverage and growth in revenue.

In FY2024, the group’s electrification revenue, which remains the group’s key revenue contributor, grew 30% y-o-y to $434.8 million from major contracts secured in FY2023 and new projects secured in FY2024.

The communications segment saw “modest revenue growth” driven by newly acquired subsidiaries which added $7.2 million. Segment’s ebitda decreased 7.8% y-o-y due to unfavorable sales mix at lower gross margins for international communications businesses.

The automation segment saw revenue growth of 14.3% y-o-y from the Americas and Asia Pacific region. Growth in segment ebitda was due to favourable sales mix at higher gross margins and absence of cost overruns incurred for some projects in FY2023.

CSE Global’s cash inflow stood at $33.1 million in FY2024, and net debt position was $72.1 million as at Dec 31, 2024.

Net gearing ratio as at Dec 31, 2024 stood at 0.28 times, and total order book stood at $672.6 million, with the business segments of electrification, communications and automation contributing 58.7%, 14.9% and 26.4% to group order book respectively.

The group aims to focus on its electrification and communications business. It says it stands to benefit from the growing data centre demand in relation to the above two businesses.

CSE Global has proposed a final dividend of 1.15 cents per ordinary share for the reporting period. This is a decrease from the 1.50 cents per ordinary share declared in the previous reporting period.

Shares in CSE Global closed 0.5 cents higher or 1.087% up at 46.5 cents on Feb 26.

Wao Lao eh! Profit up then dividend down...

 

[addict951]

Still got vestors here boh?
At 52-wk high .65!

 

[starbugs]

I have CSE all this time and subscribed to all the DRPs. Up about 50% from my average purchase price and still holding.

 

[starbugs]

Analysts raise CSE Global’s target prices to $1.20 and above after ‘game-changing partnership’ with Amazon

Felicia Tan Wed, Nov 12, 2025 &bull 09:37 AM GMT+08


Analysts from Maybank Securities and UOB Kay Hian have raised their target prices on CSE Global after the company announced its ‘game-changing partnership’ with Amazon. Maybank has a new target price of $1.20 from 84 cents previously while UOB Kay Hian has a target price of $1.22 from 85 cents before.

CSE Global, on Nov 11, said it was proposing to issue 62.97 million new warrants to Amazon’s subsidiary. Each warrant represents the right to acquire one share at the exercise price of 76.71 cents. Assuming that the warrants are fully converted, Amazon will hold an 8% stake in the company.

‘This partnership is a major win for CSE, and could boost its data centre-related revenue from around 10% to potentially 30% annually,” say UOB Kay Hian analysts John Cheong and Heidi Mo in their Nov 12 report.

Maybank’s Jarick Seet believes the move is ‘significant’ given that this is the first Singapore-listed company that Amazon has taken a stake in, and validates CSE as one of the US tech company’s key system integrators for their data centres.

In his Nov 11 report, Seet notes that a US$300 million($390.6 million) per year run-rate from Amazon is significantly higher than its existing US$40 million per year. This refers to the warrants being subject to vesting based on payments of up to US$1.5 billion over five years till Nov 9, 2030.

To Cheong and Mo, the sums are ‘significantly higher’ than the year-to-date order win of around US$50 million with Amazon.

While Seet also notes that the US$1.5 billion in potential orders could potentially double CSE Global’s orderbook from a single client, the analyst expects a gradual ramp-up in capacity. This is likely to start at US$200 million to US$250 million per year and accelerating in 2027 following its expansion phases.

Based on his estimates, CSE Global’s data centre contribution is projected to increase from 5% in FY2025 to over 30% by FY2027.

Cheong and Mo also believe the company’s electrification business stands to benefit from the growing data centre demand as the use of artificial intelligence (AI) increases, especially in the US.

“In August 2025, CSE won a $59 million data centre extension order from its existing US hyperscaler client. In addition, CSE is in the qualification phase with more hyperscaler clients,” they note.

“To recap, CSE’s first data centre order win was only around $20 million in 2023, while the second order was $49 million in 2024, followed by $59 million in 2025. We believe the size of the contract wins will continue to increase due to more adoption of AI,” they add.

Looking ahead, Seet remains ‘bullish’ on CSE’s outlook and sees potential for a multi-year growth story.

“The company expects to more than triple capacity by 2027/2028, and we believe it will secure another data centre client by 1QFY2026. Its 50% dividend payout guidance will provide shareholder stability alongside upside from the positive outlook,” he writes.

Seet has also raised his FY2026 and FY2027 patmi estimates by 9.5% and 17.6% to $43 million and $50 million respectively. His new target price is based on a higher FY2026 P/E of 20 times.

Cheong and Mo’s new target price represents an FY2026 P/E of 21 times as well as +1 standard deviation (s.d.) to mean, up from their previous P/E of 15 times. “[The higher target price] reflects the higher earnings potential from the new partnership and huge order indications from Amazon.”

With CSE currently trading at only 15 times its FY2026 P/E, Cheong and Mo believes valuations remain “undemanding’ given the company’s exposure to the high-growth data centre space.

They have kept their earnings forecasts for now.

As at 9.37am, shares in CSE Global are trading 9.5 cents higher or 10.8% up at 97.5 cents, or 133.33% up year to date.


https://www.theedgesingapore.com/ca...rget-prices-120-and-above-after-game-changing

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