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CSE Global
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Tob231
Master |
14-Jan-2025 21:10
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personally the announcement made on 27 Dec 2024 give me a feeling that the management is being played out by the customer. there has to be contract' s scope and timeline. cse' s staff should be on top of it. how can it even happened ??? customer ki siao ??? haha ... someone said Texas is generally quite strict to enforce contracts. clause 3 seems to imply the chance cse might has failed to meet agreed standard .... 2. The Company and the Board are of the view that the call on the SBLC by the Customer was frivolous and without merit. The Company has sought legal advice and intends to commence Legal Proceedings against the Customer to recover the amount paid to the Customer under the SBLC. The Company will take all steps necessary to preserve its rights and intends to pursue the claims against the Customer vigorously. 3. In the event that the Company does not succeed in the Legal Proceedings or is unable to recover the full amount paid to the Customer by the bank under the SBLC, there may be an impact on the financial performance of the Group for the current financial year ending 31 December 2024 (&ldquo FY2024&rdquo ). However, given that the Legal Proceedings are in the preliminary stage, the Company is currently unable to quantify the impact of the Legal Proceedings on the financial performance of the Group for FY2024. |
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Nippon72
Senior |
14-Jan-2025 20:57
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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I maintain my little faith only becos ah gong has a stake in CSE global and their CEO has skin the game. The lawsuits are actually quite confidence shaking. Will exit if they cannot keep up their divvy as this is my sanity check on their cashflow litmus test. Of course not thru increasing debt to pay it. |
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Octavia
Supreme |
14-Jan-2025 17:59
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Used to own quite a fair bit of this counter but as years go by I noticed it seemed that it has alot of legal cases and their earnings are not high margin though got a robust contract order. | ||||
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ayy002
Senior |
14-Jan-2025 14:30
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definitely no returning back, breakdown in comms | ||||
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Tob231
Master |
14-Jan-2025 10:31
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legal case is not definite. one thing is sure the $6m is with the customer. cse asserts that the terms of the contract were not violated .... haha much depend on the t& c of the lc. even if cse won, the relationship will be soured. |
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tccroy
Elite |
10-Jan-2025 20:58
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Today's market down sharply, CSE down only one bid is consider normal. | ||||
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Tob231
Master |
10-Jan-2025 17:41
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hard to say .... | ||||
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ayy002
Senior |
10-Jan-2025 16:46
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need to substain the dividend | ||||
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Tob231
Master |
10-Jan-2025 08:57
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i can see why this legal case to recover the $8 is so important because gain for 2024 could be wiped off and hence affecting the financial performance for 2024. maybe that' s why the CSE is in a limbo rock. as such Maybank is projecting that the money will be recovered. thanks for giving a clearer pic |
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NL1730
Member |
09-Jan-2025 22:10
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CSE Global sold its US facility for USD29.25m, recognizing a post-tax gain of USD8.6m, which offsets the USD8m settlement from Sep 2024. The proceeds will fund the acquisition of a larger US property to expand its electrification business, indicating strong confidence in future growth. The new facility, expected to be over double the current size, will support the booming demand in data and utilities centers. Despite recent challenges, CSE' s strategic expansion and potential share buybacks bolster its outlook. We maintain a BUY rating with a higher target price of SGD0.64, based on a 13x FY25E P/E. https://www.investor-one.com/editorial/26877-Analyst-Alert-Recommendation-And-Consensus-On-Seatrium-Ltd-CSE-Global-Oiltek-International-Ltd-ComfortDelGro-Corporation-Ltd |
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Tob231
Master |
07-Jan-2025 23:38
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Recently, Maybank seems to be liberal and generous in their TP. CSE is actively seeking to recover $6m, emphasizing that the outcome could influence its financial performance for 2024. Which means Q1 may have an impact. Beside the divestment is to reinvest and what the shareholders stand to gain. I don't know .... Hmm ... seriously nothing to cheer about. If there is any, please share .... | ||||
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tccroy
Elite |
07-Jan-2025 09:04
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Maybank Securities TP is 60 cents
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wehuattogether88
Supreme |
07-Jan-2025 07:06
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5 analysts for CSE have provided an average consensus rating of 1, indicating a strong ?Buy? signal. The average target price is S$0.598, representing a 27.23% potential upside from its last traded price.
Mr. Lim Boon Kheng, CEO of CSE Global, has this to said about the latest 3Q2024 busines updates: ?The global economic outlook, geopolitical tensions and ongoing inflationary pressures continue to present uncertainties in the markets where we operate. Despite the challenges, CSE Global has shown resilience in its business performance and will continue to focus on the Electrification and Communications business segments. We remain cautious of macroeconomic volatility as we work towards achieving a healthy financial performance for FY2024.? |
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Tob231
Master |
05-Jan-2025 22:11
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yes, huat arh !!!
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tccroy
Elite |
05-Jan-2025 20:25
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EPS increase by almost 2 cents after diaposal
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tccroy
Elite |
05-Jan-2025 20:24
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https://www.theedgesingapore.com/news/company-news/cse-global-plans-sell-us-property-40-million-and-channel-proceeds-buying-bigger | ||||
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wehuattogether88
Supreme |
05-Jan-2025 10:19
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Dispose assets means more money for further investment, means more business development, means more profitss
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Tob231
Master |
04-Jan-2025 12:01
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certainly over shadow the legal matters. look forward for it to shine |
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Joelton
Supreme |
04-Jan-2025 09:58
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CSE Global seeks to dispose US industrial property for US$29.3 million
Technology solutions provider says this would allow it to monetise asset and free up capital to help it expand in America
CSE Global&rsquo s indirect wholly owned subsidiary, Volta Properties, entered a purchase and sale agreement with Gladstone Commercial on Dec 31 for the proposed disposal of an industrial property in the United States for US$29.3 million.
Incorporated in Delaware, Gladstone Commercial is an independent third party that is not related to the company.
In a bourse filing on Friday (Jan 3), the technology solutions provider said that the proposed disposal would allow the group to monetise the property and free up capital to purchase a larger property in the US for the expansion of its business.
Located in North Houston, Texas, the industrial manufacturing property consists of two buildings and is currently tenanted to CSE W-Industries, which is also a wholly owned subsidiary of the company, for its manufacturing purpose.
Following the completion of the disposal, CSE W-Industries intends to continue to lease the property from Gladstone Commercial for use as its manufacturing plant.
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NL1730
Member |
03-Jan-2025 08:31
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CSE Global, a leading systems integrator specializing in electrification, communications, and automation solutions, continues to deliver strong financial performance amidst global challenges. The company&rsquo s expertise in critical infrastructure solutions positions it as a trusted partner to clients across sectors, including energy, government, and industrial automation. In 3Q2024, CSE Global&rsquo s revenue surged 15.4% year-on-year to S$213.9 million, marking broad-based growth across all its business segments and geographical regions.... |
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