Latest Forum Topics /
CSE Global
Last:1.38
-0.06
|
 Post Reply
|
|
CSE Global
|
|||||||||||||||||||||||||||||
|
Cadence88
Veteran |
17-Jun-2025 14:40
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
I know AECOM .. they are more construction consulting services. Not really comparable. Not sure about Quanta but it looks like in a totally different league - it' s revenue is > 10X that of Surbana-Jurong.
|
||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
trader1970
Elite |
17-Jun-2025 14:13
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Per Chatgbt:- CSE Global Ltd (SGX: 544) is a Singapore-based technology solutions provider that specializes in systems integration, particularly in infrastructure, energy, and mining sectors, with strong engineering expertise in telecommunications, automation, and environmental solutions. To identify US-listed peers, we should focus on companies that operate in similar domains, particularly:
🏭 Closest US-listed Peers to CSE GlobalHere are the top 3 relevant and comparable US peers: 1. Jacobs Solutions Inc. (NYSE: J)
2. AECOM (NYSE: ACM)
3. Quanta Services Inc. (NYSE: PWR)
Bonus Comparable (Small-Mid Cap):
📊 CSE Global (SGX: 544) Valuation
📌 Summary Comparison
✅ TakeawayCSE Global trades at a significant valuation discount to its US peers. While it is a small-cap, its business model in critical infrastructure systems and engineering support is quite aligned. If CSE grows or expands US presence, a potential US listing or rerating closer to peer PE range (15&ndash 20x) could unlock substantial value.
|
||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
|
Cadence88
Veteran |
17-Jun-2025 14:10
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Who are their US peers ?
|
||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
trader1970
Elite |
17-Jun-2025 14:07
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
brewing, then boiling, then explode & fly.......... lol 
|
||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
antifragile
Senior |
17-Jun-2025 14:00
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Brewing.... | ||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
|
wehuattogether88
Supreme |
17-Jun-2025 13:34
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
CSE to list in US is very ideal and good for their businesses | ||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
trader1970
Elite |
17-Jun-2025 11:36
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Very obvious BBs are suppressing to collect ... Interesting... mmmm  need retail BB to one mouth whack up 505 to cause a panic short squeeze to these fake sell q.. lol 
|
||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
trader1970
Elite |
17-Jun-2025 10:52
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Chart shows bullish support despite the negative news over the weekend...Appear to be a good candidate to consider delisting from SGX and seeking a U.S. listing. Significant part of CSE&rsquo s revenue comes from North America, Higher Valuation Potential in US. Potential to unlock valuation uplift 2-3 times more as the US peers are trading at least 20-30 multiples.. So can bet on it since it has already an active presence there and abundant potential M& A opportunites with the big boys or PE buyout is possible.. WATCH: detected BBs collecting..... 
|
||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
|
Cadence88
Veteran |
17-Jun-2025 10:15
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Privatisation ?
|
||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
trader1970
Elite |
17-Jun-2025 09:03
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Broken.. otw to 55.. Watch :):):) Potential Privatisation play ... | ||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
trader1970
Elite |
12-Jun-2025 16:21
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
BB accumulating to break 52 week high.. WATCH :):) | ||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
ayy002
Senior |
07-Jun-2025 12:08
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
ya only BB play | ||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
|
kepoh88
Veteran |
06-Jun-2025 16:23
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Good company but tainted with few lawsuits in USA. CSE noted the legal proceedings are in their preliminary stages, making it difficult to quantify the financial impact on the Group&rsquo s performance for FY2024. Shareholders and potential investors are advised to exercise caution when dealing with the company&rsquo s shares. |
||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
antifragile
Senior |
06-Jun-2025 15:40
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
--> $1 | ||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
wehuattogether88
Supreme |
06-Jun-2025 11:15
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Heard from stock dealers & brokers that CSE under value stock, suppose to be 60 -70 cents stock | ||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
Resurgam
Member |
05-Jun-2025 16:16
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
0.47 ????
|
||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
ayy002
Senior |
26-May-2025 11:43
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
treading to 0.40 upon dividend payout | ||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
Joelton
Supreme |
19-May-2025 12:39
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Analysts keep positive view on CSE Global' s ' multi-year growth story'
Analysts from UOB Kay Hian and Maybank Securities have kept their calls and respective target prices on CSE Globalafter the engineering firm' s 1QFY2025 business update that came in largely within their expectations.
For the three months to March, CSE Global reported overall revenue of $206 million, up 4% y-o-y, thanks to stronger performance from the communications and automation segments in the Americas region.
On the other hand, there was a 4% y-o-y decline due to some project delays in Australia and New Zealand.
In the quarter, the company won orders worth $155 million, down 11% y-o-y.
CSE recorded a healthy order book of S$616m as of March 31. Orders from its electrification segment dropped but automation and communications-related orders rose.
UOB Kay Hian analysts John Cheong and Heidi Mo maintained their " buy" call and 61 cents target price, which is pegged to 11x FY2025 earnings 2025, its long-term historical mean. The stock is also supported by a " decent" 2025 dividend yield of 5.4%.
For Jarick Seet of Maybank Securities, there are several reasons to be optimistic about this stock.
Citing the management, he expects orders to pick up significantly in the current 2HFY2025. " CSE Global is reserving capacity, especially in the US, for projects within the data centre and the utilities markets space," says Seet, who has kept his " buy" call and 58 cents target price.
He expects the company to be on the right side of the trend with the US pushing companies to set up factories in the US, as well as more data centres to be built.
" CSE Global is likely to be the main beneficiary in all three segments of its business and it&rsquo s likely to enjoy a multi-year growth story," he adds.
In addition, Seet believes that this company, whose single largest shareholder is Temasek unit Heliconia Capital, will be one of the key beneficiaries of the proposed $5 billion fund that the Singapore government will allocate to fund managers to invest in small and mid-caps.
Lim Siew Khee of CGS International remains " constructive" on CSE Global' s long-term fundamentals, thanks to its healthy order book and diversified revenue streams.
However, for now, she has trimmed her FY2025 to FY2027 earnings estimates by 2-3% to reflect a slower pace of order wins impacting its topline, as clients may adopt a more cautious approach, says Lim, whose new target price is 68 cents, down from 70 cents.
" Management is confident of stronger 2HFY2025 order momentum," adds Lim, who is keeping her " buy" call.
" Notably, management&rsquo s decision to increase the dividend payout ratio to a minimum of 50% underscores confidence in the company&rsquo s earnings resilience and stable cash flow," she says.
|
||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
Joelton
Supreme |
15-May-2025 08:19
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
CSE Global reports 4% y-o-y revenue growth to $205.5 mil in 1QFY2025
CSE Global has reported a 4% y-o-y growth in revenue for 1QFY2025 ended March 31, to $205.5 million.
The group&rsquo s order book declined 14.4% y-o-y to $616 million in 1QFY2025, and order intake declined 11.3% y-o-y to $155.3 million in the reporting period.
The group&rsquo s revenue growth is driven by its communications and automation business segment in America. By segment, revenue contributions from the electrification, communications and automation business segments were 48%, 28% and 24%, respectively.
For 1QFY2025, revenue in the electrification business segment declined 4.1% to $97.5 million, mainly attributable to lower revenue contribution from Australia and New Zealand, as a result of some project delays.
The electrification business segment secured $36.1 million of new orders, which constitutes 23.2% of total order intake during the quarter.
The communications business saw revenue increasing 7.3% y-o-y to $57.9 million, largely driven by the revenue contributions from a newly acquired subsidiary, RFC Wireless, Inc.
The communications business segment accounted for approximately 41.0% of the total order intake in 1QFY2025, securing $63.7 million in new orders.
With a substation radio communication enhancement project secured in the Asia Pacific region and recent acquisitions that have expanded the communications business&rsquo s geographic footprint and market coverage in the US, 1QFY2025 order intake rose 20.4% y-o-y.
Automation business revenue for 1QFY2025 grew 19.6% y-o-y higher from revenue recognised for control system projects in the USA.
The automation business segment clinched $55.6 million of new orders in 1QFY2025. This is
mainly due to a large contract valued at approximately $13.1 million for a chemical injection
skid predominantly used in the oil and gas industry in the USA.
|
||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||
|
Joelton
Supreme |
07-May-2025 12:20
|
||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Maybank lowers target price of CSE Global to S$0.58 but remains &lsquo top pick&rsquo
The impact from Trump tariffs will be minimal with the group&rsquo s existing US production facilities, says analyst
[SINGAPORE] Maybank securities analyst Jarick Seet cut his target price for systems integrator CSE Global to S$0.58 from S$0.67 in the light of fierce tariffs by US President Donald Trump.
However, he kept his &ldquo buy&rdquo rating on the company, citing the impact from Trump tariffs to be &ldquo minimal&rdquo , considering how CSE Global has production facilities in the US.
&ldquo We estimate about 10 per cent of the equipment sourced from Europe, Mexico and South-east Asia is likely to be impacted by tariffs, which could reduce CSE Global&rsquo s margins slightly,&rdquo wrote the analyst in a report on Monday (May 5).
But with the group&rsquo s US production facilities serving its customers in the country already, the majority of its equipment is already being sourced from the US.
With CSE Global also expanding its US facility, this plays well into avoiding the tariffs, too, said the analyst.
Acquisitions new and old service business expansion
Additionally, the group acquired telco service provider Chicago Communications on Apr 30 for US$8.5 million, where the deal was funded internally and by bank loans.
Chicago Communications &ndash which sells, rents, installs and maintains communications equipment for US customers mainly in Illinois and Indiana &ndash recorded a net profit before tax of about US$1.8 million and earnings before interest, taxes, depreciation and amortisation of US$1.9 million.
In a company announcement dated May 1, earnings per share after the acquisition was recorded as S$0.0416 (assuming it was effected on Jan 1, 2024), compared with S$0.0391 previously.
According to Seet, this move by the group has the strategic purpose of further expanding CSE Global&rsquo s critical communications business in the US.
Moreover, he noted that RFC Wireless, which was acquired by CSE Global in August 2024, helped the group enter the data centre market and secure over US$15 million of orders in the subsequent quarters.
&ldquo We believe this will be the first of many to come &ndash as the pipeline of data centres to be built globally, especially in the US, remains robust,&rdquo he wrote.
Strong Q1 order book
CSE Global announced on Monday that it secured S$155.3 million of new orders in the first quarter ended Mar 31. In particular, the communications business segment secured S$63.7 million in new orders, accounting for around 41 per cent of the total order intake for the quarter.
The automation business segment contributed around 35.8 per cent of the total order intake for Q1, or S$55.6 million in new orders while the electrification business segment secured S$36.1 million of new orders, which made up 23.2 per cent of the total order intake during the quarter.
The order intake in Q1 for the latter segment was 52.4 per cent lower year on year, due to the decline in orders from the municipal market with the shift to focus on the data centre and utility markets.
The group closed Q1 FY2025 with an order book of S$616 million with the new orders.
That said, if Trump&rsquo s tariffs remain, Seet noted that the US and the global economy will be affected, and CSE Global may face fewer orders or a delay in projects, which may hurt its profitability.
Still, the analyst noted that the company&rsquo s 50 per cent dividend guidance will provide stability for shareholders along with the upside from its positive outlook.
&ldquo We remain bullish on the outlook for CSE Global and expect more local government projects to boost its order book, as Singapore&rsquo s general election recently ended in May,&rdquo said Seet.
|
||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||