ShareJunction - Stock Forum Messages %%%:

Back

First < Newer 1581-1600 of 2104 Older> Last

Latest Forum Topics / CSE Global Last:1.31

-0.02

Post Reply

CSE Global

Octavia
Supreme

21-Sep-2018 10:02

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 0

Alert Admin

CSE Global - Better Outlook Backed by a Commendable 6.3% Dividend Yield.

During our recent meeting with CSE, management expressed optimism in CSE&rsquo s business outlook. As market fundamentals continue to evolve favourably for CSE&rsquo s infrastructure and O& G businesses, we believe there is greater scope for new order wins. With an attractive dividend yield of 6.3% and ability to sustain profits, CSE is an excellent proxy to the oil price recovery.
We re-iterate BUY and raise our target price by 1.7% to S$0.59, after raising our 2019-20 forecasts by 3.0-6.4%.

What&rsquo s New

Expansion in the US on the cards.

CSE Global (CSE) remains upbeat about its outlook for the oil & gas (O& G) business, which is starting to see more small order wins. Compared with large orders, the smaller orders are highly recurring in nature and generate higher net margin.

As management looks to expand its presence beyond the Permian Basin and Eagle Ford through organic and inorganic initiatives, earnings growth momentum should be sustained with greater order intake velocity and growing orderbook.

Australia and New Zealand offer plenty of growth headroom.

CSE is expecting buoyant demand from end customers in Australia and will look to build on its dominant position as a nationwide player in the 2-way radio communication infrastructure industry. There is also scope for CSE to expand its presence in the 2-way radio business to New Zealand when presented with the right opportunities.
On the other hand, CSE is bidding for several sizeable infrastructure projects worth around S$30m.

Working to be approved service provider for Petronas through Serba.

With an eye on winning projects within Malaysia and North America, CSE is working in partnership with Serba Dinamik Holdings (Serba) to become an approved service provider for Petronas. Meaningful developments within this space are expected to flow through within the next 12 to 18 months.

Recent share buybacks underline management&rsquo s confidence in the company.

Since May 18, CSE has commenced share buybacks at an average of S$0.47/share, indicating management&rsquo s confidence in the company.

Riding on strong tailwinds and supported by favourable strategic developments, CSE remains undervalued at 11.0x 2019F PE with ~16% of its market cap in net cash despite a consistently profitable business.

Stock Impact

O& G industry developing favourably.

While oil prices had experienced volatility, its steady rise had underpinned the nascent recovery of the oil industry. A bevy of supportive factors for oil prices to sustain at ~US$70/barrel continues to shed optimism on long-delayed Final Investment Decisions (FID) to be revived.

Geopolitical pressure surrounding Iranian production, falling production in Venezuela and volatile Libyan exports continue to weaken global supply base.

Additionally, short-term pipeline capacity constraint in the Permian Basin is threatening to cap production growth. These developments add to the urgency for greater capital expenditures to shore up ageing production bases, which should translate to greater order intake for CSE.

Anticipating Australian infrastructure boost.

In the 2018-19 Budget, the Australian government has committed over A$75b towards infrastructure developments. This will provide CSE with opportunities to capture new business in the high-growth 2-way radio communications segment.

CSE is expected to grow its current ~50% market share in the niche 2-way radio communications industry as the infrastructure boost bolsters buoyant demand from end customers.

Earnings Revision / Risk

We adjust our 2019-20 forecasts to S$20.4m (+3.0%) and S$23.2m (+6.4%) respectively. We have incorporated higher order intakes from Australia&rsquo s infrastructure developments and the US O& G business.
Risks include weak oil prices and volatility in foreign currency exchange rates.

Valuation / Recommendation

Re-iterate BUY with a PE-based target price of S$0.59, pegged to peers&rsquo average of 2019F PE of 15.0x.

Going forward, we see potential for upside, especially in 2019, as the impact of the synergies between Serba and CSE start to flow in, which could come in the form of JVs or possible outsourcing of work from Serba.
The stock offers an above-average sustainable yield of 6.3% backed by strong operating cash flow and the willingness to reward minority shareholders.

Share Price Catalyst

Large infrastructure project wins.
Large O& G project wins.
Accretive acquisitions.

Source: UOB Kay Hian Research - 11 Sep 2018

Useful To Me Not Useful To Me

ysh2006
Supreme

15-Sep-2018 08:00

ysh2006 About Contact Quote this Post!

x 0
x 0

Alert Admin

The SSH even RTO will put up low price lah...they buy at 45c maybe RTO priced at 45c no meat type ... This mkt this few months very volatile Oct will be a correction month I think only.

Qanghoo ( Date: 14-Sep-2018 23:13) Posted:

Getting closer to takeover threshhold. Watch out. if he goes on another 1%, say, people may start to take notice n push the share higher.

Octavia ( Date: 14-Sep-2018 21:58) Posted:

SSH Dato Karim increased his stake from 25.58% to 25.97%.

Shares bought on 12 Sep 18 announced today.

Shares held by CIMB and RHB securities

Useful To Me Not Useful To Me

Qanghoo
Supreme

14-Sep-2018 23:13

Qanghoo About Contact Quote this Post!

x 0
x 0

Alert Admin

Getting closer to takeover threshhold. Watch out. if he goes on another 1%, say, people may start to take notice n push the share higher.

Octavia ( Date: 14-Sep-2018 21:58) Posted:

SSH Dato Karim increased his stake from 25.58% to 25.97%.

Shares bought on 12 Sep 18 announced today.

Shares held by CIMB and RHB securities.

Octavia ( Date: 12-Sep-2018 16:55) Posted:

Think today Co continues buying back own shares via CIMB.

Useful To Me Not Useful To Me

Octavia
Supreme

14-Sep-2018 22:00

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 0

Alert Admin

Dividends in yesterday.

Useful To Me Not Useful To Me

Octavia
Supreme

14-Sep-2018 21:58

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 0

Alert Admin

SSH Dato Karim increased his stake from 25.58% to 25.97%.

Shares bought on 12 Sep 18 announced today.

Shares held by CIMB and RHB securities.

Octavia ( Date: 12-Sep-2018 16:55) Posted:

Think today Co continues buying back own shares via CIMB.

Useful To Me Not Useful To Me

Octavia
Supreme

12-Sep-2018 16:55

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 0

Alert Admin

Think today Co continues buying back own shares via CIMB.

Useful To Me Not Useful To Me

Octavia
Supreme

04-Sep-2018 23:19

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 1

Alert Admin

Today 700k shares traded,thought Co bought some more shares from the market.

Instead buy up by ML,GS,UBS and retailers.

I think btwn now till year end should see some new contracts win on the way.

Useful To Me Not Useful To Me

sengsk
Elite

04-Sep-2018 22:23

sengsk About Contact Quote this Post!

x 0
x 0

Alert Admin

Waiting to come to my price.

sengsk ( Date: 30-Aug-2018 20:35) Posted:

This stock may not be that fast moving. I forseen it going to form a big reverse H& S ( 4 Yrs )
I lock it and wait for 0.36 ( right side shoulder )

Useful To Me Not Useful To Me

Octavia
Supreme

03-Sep-2018 10:01

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 0

Alert Admin

Co mandate to purchase 25 803 392 shares.

So far it purchases via market acqusition amount to 7 177 500 shares which constitute to only 1.39%.

Let see if Co will buy some more.

Useful To Me Not Useful To Me

Octavia
Supreme

31-Aug-2018 10:08

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 0

Alert Admin

Waiting for one mouth swallow the whole 45c queue and close 45.5c or higher today.

Useful To Me Not Useful To Me

sengsk
Elite

30-Aug-2018 20:35

sengsk About Contact Quote this Post!

x 0
x 0

Alert Admin

This stock may not be that fast moving. I forseen it going to form a big reverse H& S ( 4 Yrs )
I lock it and wait for 0.36 ( right side shoulder )

Useful To Me Not Useful To Me

halleluyah
Supreme

30-Aug-2018 20:31

halleluyah About Contact Quote this Post!

x 0
x 0

Alert Admin

tdy coy lagi buy back 1,000,000 shares at 45ct....hope contract awards coming......ready to hit 50ct soon.....

Useful To Me Not Useful To Me

Octavia
Supreme

29-Aug-2018 21:21

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 0

Alert Admin

Another 831 700shares bought today @45c.

Octavia ( Date: 28-Aug-2018 21:32) Posted:

Today Co bought 1 374 700 shares @44.5c & 45c.

halleluyah ( Date: 28-Aug-2018 00:27) Posted:

Coy buy back 971,100 shares at 0.435 & 0.445...

Useful To Me Not Useful To Me

Octavia
Supreme

28-Aug-2018 21:32

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 0

Alert Admin

Today Co bought 1 374 700 shares @44.5c & 45c.

halleluyah ( Date: 28-Aug-2018 00:27) Posted:

Coy buy back 971,100 shares at 0.435 & 0.445...

Useful To Me Not Useful To Me

halleluyah
Supreme

28-Aug-2018 00:27

halleluyah About Contact Quote this Post!

x 0
x 0

Alert Admin

Coy buy back 971,100 shares at 0.435 & 0.445...

Useful To Me Not Useful To Me

Octavia
Supreme

27-Aug-2018 23:03

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 0

Alert Admin

Today CSE Global powering ahead with fairly high vol.

Current px above the 44.5c when it went XD on 20Aug18.Lucky for those who buy the stock for dividend and add some more when it hit 42.5c.
UOB Buy call @58c
CIMB buy call @50c.

Useful To Me Not Useful To Me

Octavia
Supreme

23-Aug-2018 00:28

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 0

Alert Admin

Huat arh.
Oil px up over 3%.

Useful To Me Not Useful To Me

Octavia
Supreme

15-Aug-2018 10:50

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 0

Alert Admin

Last 3 days to buy for 1.25c dividend before XD on 20 Aug 18(Mon).

The yield is compelling attractive.

Useful To Me Not Useful To Me

Octavia
Supreme

13-Aug-2018 18:14

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 0

Alert Admin

As predicted,higher dividend of 1.25c payout this round.

XD date:20Aug18(m0n)
Payout on 13 Sept 18.

Octavia ( Date: 13-Aug-2018 16:27) Posted:

Quarter result shld be better than yoy.
Looking fwd to a higher dvidend payout this time rnd.

Octavia ( Date: 07-Aug-2018 09:23) Posted:

" Going forward, several large projects are expected to reach billing milestones in 2Q18 and 3Q18" Mgt guided.
Any weakness can collect.i wld not be surprised a higher dividend cld be given this quarter to reward shareholders.

Useful To Me Not Useful To Me

Octavia
Supreme

13-Aug-2018 18:09

Octavia About Contact Quote this Post! Style: Flexible Mood:

x 0
x 0

Alert Admin

CSE reports strong growth in net profit of S$4.3m in 2Q18 and declares interim dividend of 1.25 cents per share
Key Highlights:
 Core net profit soars 44% on the back of revenue growth and improved gross margins
 Generates strong cash inflow from operations of S$27.9m
 Net cash position strengthened to S$20.9m
 Strong order intake of S$89m in 2Q18
 Tax-exempt one-tier interim dividend of 1.25 cents per ordinary share declared

Useful To Me Not Useful To Me

First < Newer 1581-1600 of 2104 Older> Last

ShareJunction Version: 27 Nov 2020 ver- All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.