CSE Global's Outlook Appears Positive on Strong Order Book, Higher Margins -- Market Talk

Dow Jones
5 hours ago

0210 GMT - CSE Global's outlook appears positive, supported by its strong order book of S$673 million as of December and improved margins, RHB Research's Alfie Yeo says in a note. The Singapore-listed technology company's 2024 earnings exceeded RHB's estimates due to higher revenue and margins, says the analyst, who expects CSE Global's order momentum to remain strong. The analyst also notes that the stock appears to be shifting from a dividend-focused to a growth-focused approach. RHB raises its 2025-2026 earnings forecasts for CSE Global by 9% annually and revises the target price for the stock to S$0.63 from S$0.58, maintaining an unchanged buy rating. Shares are 2.15% lower at S$0.455. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

March 09, 2025 22:10 ET (02:10 GMT)

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