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interfact Senior	07-Apr-2014 12:14        interfact About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maintain buy.Minimum fair value is 63c. DBS min 64c. guoyanyunyan      ( Date: 28-Mar-2014 11:38) Posted: Beginning on a fresh page ____ Following the successful divestment of CSE Global's entire stake in Servelec Group in Dec last year, we believe management will focus on driving its growth largely from the oil and gas sector. CSE has significant exposure to the Gulf of Mexico (both the U.S. and Mexico side), and we expect it to benefit from positive trends arising from this area. Looking ahead, we also do not expect CSE to make any further provisions for cost overruns for its Middle-Eastern project, which would aid its margins recovery. We re-work our assumptions following a change in analyst coverage, and now forecast CSE to register core PATMI growth of 18.7% and 9.3% in FY14 and FY15, respectively. Applying a 9x target PER peg to our FY14 EPS forecast, we derive a fair value estimate of S$0.63 (previously S$0.96 before the Servelec Group divestment). Maintain BUY. ...last:$0.595...
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RoundRound Elite	07-Apr-2014 10:24        RoundRound About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tikam Tikam can also"
x 0   x 0  Alert Admin	It's coming. After drifting downward for months, dividend payment coming on 16 Apr Ex-Div on 17 Apr. This company have intrinsic value. It's now cash positive and expanding to South America strongly after cashing out of London.
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Octavia Supreme	07-Apr-2014 10:19        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Uptrend ....crossing over to upper bollinger band. 3c CD, XD on 17 Apr 14. Octavia      ( Date: 04-Apr-2014 17:01) Posted: Upswing to upper BBand  soon and CD also rd the corner.
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Octavia Supreme	04-Apr-2014 17:01        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Upswing to upper BBand  soon and CD also rd the corner.
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SuperMonkey Senior	30-Mar-2014 11:31        SuperMonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://www.cnbc.com/id/101532986 daffytlh      ( Date: 30-Mar-2014 11:20) Posted: Sorry can ask any gd website that publish oil or commodity prices..easy to read and interpret? Thks SuperMonkey      ( Date: 28-Mar-2014 14:01) Posted: More reasons to buy: 1) The former CEO Alan Russell Stubbs was buying preparing the IPO for Servelec in London in 2013, thus " neglect" CSE global in a way. There was a project overrun of $8 million which has been declared as write off in 2013 financials. Plenty of allowance has been provided in 2013, thus this year financial results will be on a strong footing. This year CSE global has a new CEO in Lim Boon Kheng. The new CEO would want to show ppl that he is capable, so expect him to work extra hard to bring glory to the company under his charge. 2) It has turned from debt to net cash of around $38 million this year. With no debts to pay, it has a saving of $5million in interest. I believe the new CEO is user friendly having won awards from SIAS , so he would be more willing to give dividend. [url=http://postimg.org/image/tjfwm26mt/][img]http://s18.postimg.org/tjfwm26mt/550_Centurion_CSE_Nera.jpg[/img][/url] Most Transparent Technology Companies, L-R: Centurion (CEO Kong Chee Min), NeraTel (CEO Samuel Ang), CSE Global (Interim Group MD Lim Boon Kheng). picture from http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/7660-sias-investors-choice 3) Oil has pushed past $100 barrier. Thus expect Oil & Gas sector to chiong and CSE Global belongs to this sector. 4) Of course the upcoming 3 cents dividend, XD 17 April. Hope my analysis is correct and the price will rise. Let see whether I am correct..
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daffytlh Veteran	30-Mar-2014 11:20        daffytlh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Sorry can ask any gd website that publish oil or commodity prices..easy to read and interpret? Thks SuperMonkey      ( Date: 28-Mar-2014 14:01) Posted: More reasons to buy: 1) The former CEO Alan Russell Stubbs was buying preparing the IPO for Servelec in London in 2013, thus " neglect" CSE global in a way. There was a project overrun of $8 million which has been declared as write off in 2013 financials. Plenty of allowance has been provided in 2013, thus this year financial results will be on a strong footing. This year CSE global has a new CEO in Lim Boon Kheng. The new CEO would want to show ppl that he is capable, so expect him to work extra hard to bring glory to the company under his charge. 2) It has turned from debt to net cash of around $38 million this year. With no debts to pay, it has a saving of $5million in interest. I believe the new CEO is user friendly having won awards from SIAS , so he would be more willing to give dividend. [url=http://postimg.org/image/tjfwm26mt/][img]http://s18.postimg.org/tjfwm26mt/550_Centurion_CSE_Nera.jpg[/img][/url] Most Transparent Technology Companies, L-R: Centurion (CEO Kong Chee Min), NeraTel (CEO Samuel Ang), CSE Global (Interim Group MD Lim Boon Kheng). picture from http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/7660-sias-investors-choice 3) Oil has pushed past $100 barrier. Thus expect Oil & Gas sector to chiong and CSE Global belongs to this sector. 4) Of course the upcoming 3 cents dividend, XD 17 April. Hope my analysis is correct and the price will rise. Let see whether I am correct..
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SuperMonkey Senior	29-Mar-2014 08:10        SuperMonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://www.ocbcresearch.com/ SuperMonkey      ( Date: 29-Mar-2014 08:08) Posted: http://www.ocbcresearch.com/Article.aspx?type=research& id=20140328093824_42673 guoyanyunyan      ( Date: 28-Mar-2014 11:38) Posted: Beginning on a fresh page ____ Following the successful divestment of CSE Global's entire stake in Servelec Group in Dec last year, we believe management will focus on driving its growth largely from the oil and gas sector. CSE has significant exposure to the Gulf of Mexico (both the U.S. and Mexico side), and we expect it to benefit from positive trends arising from this area. Looking ahead, we also do not expect CSE to make any further provisions for cost overruns for its Middle-Eastern project, which would aid its margins recovery. We re-work our assumptions following a change in analyst coverage, and now forecast CSE to register core PATMI growth of 18.7% and 9.3% in FY14 and FY15, respectively. Applying a 9x target PER peg to our FY14 EPS forecast, we derive a fair value estimate of S$0.63 (previously S$0.96 before the Servelec Group divestment). Maintain BUY. ...last:$0.595...
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SuperMonkey Senior	29-Mar-2014 08:08        SuperMonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://www.ocbcresearch.com/Article.aspx?type=research& id=20140328093824_42673 guoyanyunyan      ( Date: 28-Mar-2014 11:38) Posted: Beginning on a fresh page ____ Following the successful divestment of CSE Global's entire stake in Servelec Group in Dec last year, we believe management will focus on driving its growth largely from the oil and gas sector. CSE has significant exposure to the Gulf of Mexico (both the U.S. and Mexico side), and we expect it to benefit from positive trends arising from this area. Looking ahead, we also do not expect CSE to make any further provisions for cost overruns for its Middle-Eastern project, which would aid its margins recovery. We re-work our assumptions following a change in analyst coverage, and now forecast CSE to register core PATMI growth of 18.7% and 9.3% in FY14 and FY15, respectively. Applying a 9x target PER peg to our FY14 EPS forecast, we derive a fair value estimate of S$0.63 (previously S$0.96 before the Servelec Group divestment). Maintain BUY. ...last:$0.595...
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T2LE56 Senior	28-Mar-2014 14:37        T2LE56 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for sharing.  SuperMonkey      ( Date: 28-Mar-2014 14:01) Posted: More reasons to buy: 1) The former CEO Alan Russell Stubbs was buying preparing the IPO for Servelec in London in 2013, thus " neglect" CSE global in a way. There was a project overrun of $8 million which has been declared as write off in 2013 financials. Plenty of allowance has been provided in 2013, thus this year financial results will be on a strong footing. This year CSE global has a new CEO in Lim Boon Kheng. The new CEO would want to show ppl that he is capable, so expect him to work extra hard to bring glory to the company under his charge. 2) It has turned from debt to net cash of around $38 million this year. With no debts to pay, it has a saving of $5million in interest. I believe the new CEO is user friendly having won awards from SIAS , so he would be more willing to give dividend. [url=http://postimg.org/image/tjfwm26mt/][img]http://s18.postimg.org/tjfwm26mt/550_Centurion_CSE_Nera.jpg[/img][/url] Most Transparent Technology Companies, L-R: Centurion (CEO Kong Chee Min), NeraTel (CEO Samuel Ang), CSE Global (Interim Group MD Lim Boon Kheng). picture from http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/7660-sias-investors-choice 3) Oil has pushed past $100 barrier. Thus expect Oil & Gas sector to chiong and CSE Global belongs to this sector. 4) Of course the upcoming 3 cents dividend, XD 17 April. Hope my analysis is correct and the price will rise. Let see whether I am correct..
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T2LE56 Senior	28-Mar-2014 14:32        T2LE56 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oh yes, it is 3 cents but why they split into 1 cent and 2 cents. Ex date is 17 April.
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SuperMonkey Senior	28-Mar-2014 14:29        SuperMonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	bro, is 1 cents special + 2 cents final = 3 cents.. Dropped becos the whole market dropped. eg: Del Monte dropped from 90 cents to 62 cents.. Mapletree China dropped from 95 cents to 82  cents.. even though nothing wrong with them..   Some BBs maybe pushing price down to accumulate..  T2LE56      ( Date: 28-Mar-2014 14:02) Posted: Bro, dividend is 1 cent and the ex date 17 April 2014. The stock dropped drastically and has not recovered since. What causes the fall ??? Care to share ... thanks  tianji      ( Date: 04-Mar-2014 09:55) Posted: REALLY !!! 3 Cents dividends. Buy Buy Buy
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francisd Master	28-Mar-2014 14:28        francisd About Contact  Quote this Post! Style: Combined   Mood: Yells: "BUY LOW SELL HIGH"
x 0   x 0  Alert Admin	The dividend is 3 cents guys (1+2) ex date 17 Apr.14. The stock was adjusted due to a big dividend  of 28 cents in Dec.13. Hope this clarifies. Cheers.
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T2LE56 Senior	28-Mar-2014 14:02        T2LE56 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, dividend is 1 cent and the ex date 17 April 2014. The stock dropped drastically and has not recovered since. What causes the fall ??? Care to share ... thanks  tianji      ( Date: 04-Mar-2014 09:55) Posted: REALLY !!! 3 Cents dividends. Buy Buy Buy
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SuperMonkey Senior	28-Mar-2014 14:01        SuperMonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	More reasons to buy: 1) The former CEO Alan Russell Stubbs was buying preparing the IPO for Servelec in London in 2013, thus " neglect" CSE global in a way. There was a project overrun of $8 million which has been declared as write off in 2013 financials. Plenty of allowance has been provided in 2013, thus this year financial results will be on a strong footing. This year CSE global has a new CEO in Lim Boon Kheng. The new CEO would want to show ppl that he is capable, so expect him to work extra hard to bring glory to the company under his charge. 2) It has turned from debt to net cash of around $38 million this year. With no debts to pay, it has a saving of $5million in interest. I believe the new CEO is user friendly having won awards from SIAS , so he would be more willing to give dividend. [url=http://postimg.org/image/tjfwm26mt/][img]http://s18.postimg.org/tjfwm26mt/550_Centurion_CSE_Nera.jpg[/img][/url] Most Transparent Technology Companies, L-R: Centurion (CEO Kong Chee Min), NeraTel (CEO Samuel Ang), CSE Global (Interim Group MD Lim Boon Kheng). picture from http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/7660-sias-investors-choice 3) Oil has pushed past $100 barrier. Thus expect Oil & Gas sector to chiong and CSE Global belongs to this sector. 4) Of course the upcoming 3 cents dividend, XD 17 April. Hope my analysis is correct and the price will rise. Let see whether I am correct..
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guoyanyunyan Supreme	28-Mar-2014 11:38        guoyanyunyan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Beginning on a fresh page ____ Following the successful divestment of CSE Global's entire stake in Servelec Group in Dec last year, we believe management will focus on driving its growth largely from the oil and gas sector. CSE has significant exposure to the Gulf of Mexico (both the U.S. and Mexico side), and we expect it to benefit from positive trends arising from this area. Looking ahead, we also do not expect CSE to make any further provisions for cost overruns for its Middle-Eastern project, which would aid its margins recovery. We re-work our assumptions following a change in analyst coverage, and now forecast CSE to register core PATMI growth of 18.7% and 9.3% in FY14 and FY15, respectively. Applying a 9x target PER peg to our FY14 EPS forecast, we derive a fair value estimate of S$0.63 (previously S$0.96 before the Servelec Group divestment). Maintain BUY. ...last:$0.595...
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tianji Veteran	04-Mar-2014 09:59        tianji About Contact  Quote this Post!
x 0   x 0  Alert Admin	GOT THIS FROM DBS  CSE Global Negatives priced in Reap dividends   BUY S$0.62 Price Target : 12-month S$ 0.72 (Prev S$ 0.83) By: Sachin MITTAL +65 6682 3699   [email protected] ?           FY13 net profit and outstanding orders were below our estimates but superior cash generation led to higher dividends.   ?           Better margins and interest cost savings to drive growth despite lower outstanding orders   ?           Cheap at ex-cash PE of 8.1x vs 9.6x historical ave S$0.72 TP based on 9.6x FY14F ex-cash PE implies potential returns of 20% incl 4% yield         Excluding Servlec, FY13 profit of S$30.4m (+5.5%) was 10% lower than our estimate. CSE made provisions of S$8.1m in 4Q13 due to a delay of a project in the Middle East.   In order to provide a clean slate to the new CEO in FY14, we believe that the company made ample provisions in FY13. Outstanding orders of S$227m (-18%) were 16% below our S$270m estimate due to delays in contract awards.   Operating cash generation of S$71.9m (+106%) in FY13 was healthy, leading to final DPS of 3 Scts (~4.8% yield) with ex-dividend date of 17 April 2014.   Better margins and interest cost savings to drive FY14F growth. We trim FY14F earnings by 8% due to weaker outstanding orders. However, outstanding orders at the beginning of FY13 included S$50m of zero margin revenue, which have been completed. We are conservative in modeling 28% gross margins in FY14F, similar to FY13 excluding the S$8.1m provision. We assume new order wins of S$360m in FY14F versus S$362m in FY13. As CSE switches from net debt to net cash position, the company will save ~ S$5m interest costs in FY14F, hence our earnings estimates may have some upside surprise. We believe that the stock has declined excessively post ex-dividend date of 30 Dec 2013 for 28 Scts special DPS.
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tianji Veteran	04-Mar-2014 09:55        tianji About Contact  Quote this Post!
x 0   x 0  Alert Admin	REALLY !!! 3 Cents dividends. Buy Buy Buy
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tianji Veteran	04-Mar-2014 09:54        tianji About Contact  Quote this Post!
x 0   x 0  Alert Admin	Huh ? So GOOD ! 3 Cents Dividends....... Must go and check from SGX....... If real why no one buy......Do not  believe is real.....SIAO LIAO!
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Octavia Supreme	04-Mar-2014 09:35        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	CIMB maintains Hold with $0.64 TP.
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daffytlh Veteran	27-Feb-2014 18:02        daffytlh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	3 ct dividend.good!
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