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CSE Global
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CSE Global
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Tob231
Elite |
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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Tob231
Elite |
02-Jan-2025 21:02
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some times the message does not get through. make sure you copy and do it again could be system issue |
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Resurgam
Member |
02-Jan-2025 19:40
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Posted a third time and still not appeared??????? | ||
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Resurgam
Member |
02-Jan-2025 19:31
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Test. Two o of my previous posts have not appeared | ||
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tccroy
Elite |
02-Jan-2025 13:51
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https://simplywall.st/stocks/sg/software/sgx-544/cse-global-shares/news/cse-global-sgx544-hasnt-managed-to-accelerate-its-returns | ||
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antifragile
Senior |
31-Dec-2024 13:58
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--> $0.3 | ||
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wehuattogether88
Supreme |
31-Dec-2024 11:44
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CSE Share buyback time? | ||
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ayy002
Senior |
31-Dec-2024 11:38
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40cts is a steal | ||
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wehuattogether88
Supreme |
31-Dec-2024 10:20
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CSE sell down is overdone and also CSE Global is a subcontractor to the project and under the SBLC, the main contractor, the customer, could only call for amounts owed. So this is really over sensitive reactions. |
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Joelton
Supreme |
31-Dec-2024 09:52
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Maybank Securities maintains ' buy' call on CSE Global following dispute with customer
Maybank Securities' Jarick Seet has kept his positive view on CSE Global 544 following the company' s announcement to initiate legal proceedings against a customer in the US.
According to CSE Global on Dec 27, the unnamed customer has called on a counter standby letter of guarantee (SBLC) worth US$6 million.
CSE Global is a subcontractor to the project and under the SBLC, the main contractor, the customer, could only call for amounts owed.
" CSE Global believes the call on the SBLC by the customer was frivolous and without merit," says Seet in his Dec 30 note, where he kept his " buy" call and 60 cents target price.
" We believe that both parties are likely to reach an agreement and CSE Global is likely to retrieve the US$6 million, as the project is not completed and it would cost the customer much more to change to another vendor," he says.
Seet calling " stars aligning" for CSE Global, maintains his view that the company will enjoy a pick up in order wins in the coming 1QFY2025 ending March, with new wins from electrification projects in the US and Singapore to reach between $60 and $80 million in the " near term" .
" We also expect more orders from data centre projects, which could be a key growth driver for FY25-28," he adds.
In addition, the company may signal its confidence with share buy backs. Also, Seet expects the company' s core net margin to increase with higher operating leverage.
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ayy002
Senior |
30-Dec-2024 20:01
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It going to be a long bitter battle. A solution provider suing a customer. Unprecedented. | ||
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Stocky901
Supreme |
30-Dec-2024 17:25
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Not over yet.. legal proceedings just started...🤥 🤥 | ||
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wehuattogether88
Supreme |
30-Dec-2024 13:25
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Knee jerk effect over, it is business as usual for CSE. | ||
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ayy002
Senior |
30-Dec-2024 11:08
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likely customer not happy with the cse performance and using it for a bargaining call. this SBLC is a form of guarantee in the event solution provider cannot deliver. anyway, defintely, csutomer will cook up some reasons for doing so. |
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Resurgam
Member |
28-Dec-2024 19:45
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In 23 60% Americas, 37% Asia Pacific
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Cadence88
Veteran |
28-Dec-2024 19:11
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CSE' s biz are mainly in the US. | ||
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Kuaile
Member |
28-Dec-2024 15:21
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Some two months ago, CSE agreed to pay US$8 million as settlement to a dispute with a US customer. This is the second case in such a short period of time. And both are in the US. What happens? |
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SmallSmall
Supreme |
28-Dec-2024 12:52
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This just happended in September 2024. Wonder what else they are hiding. To me it is rather unusual for such a " good" company to have no other controlling shareholders except Temesak (22.64%) who is a passive shareholder. Hopefully one day you will get a white knight to buy the company like what the Korean did for like Dyna-Mac. The Company has sought legal advice in relation to the Arbitration Proceedings. The parties attended mediation and have, on 8 September 2024, agreed to a full and final settlement of all claims asserted by the Claimant in the Arbitration Proceedings by payment of a settlement sum of US$8 million the Claimant (& ldquo Settlement& rdquo ), subject to the execution of a written Settlement Agreement and Release by the parties. The Settlement is expected to have a material adverse impact on the financial position of the Company for the financial year ending 31 December 2024 as the Company will record the settlement sum of US$8 million in the financial year ending 31 December 2024.
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