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CSE Global
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CSE Global
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Octavia
Supreme |
20-May-2021 09:08
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CSE Global reports 22.3% lower EBITDA of $10 mil in 1Q business update | The Edge Singapore May 19, 2021 by Felicia Tan CSE Global has reported EBITDA of $10.0 million for the 1QFY2021 ended March, 22.3% lower than EBITDA of $12.9 million in the 1QFY2020. The lower EBITDA was in line with the group&rsquo s lower revenue, lower gross profits, as well as higher unallocated personnel costs from lower labour utilisation caused by lower business activity. 1QFY2021 revenue fell 15.7% y-o-y to $111.2 million, due to lower revenues in the Americas, offset partly by the growth in Asia Pacific and Europe, the Middle East and Africa (EMEA). The lower revenues in the Americas, which affected revenue for the group&rsquo s Energy sector, were mainly due to the slower activities in time and material revenues due to the poor weather in the US. The lower revenues were also due to a 27.7% plunge y-o-y in the Energy sector, and offset by higher revenues y-o-y of 21.1% and 4.7% for the Infrastructure and Mining & Minerals segments respectively. Infrastructure revenue was higher mainly driven by higher spending in transport infrastructure and electrical protection for utilities, particularly in Australia, Singapore and the UK. Revenue for Mining & Minerals improved slightly as heightened demand for commodities continues to support the sector. For the 1QFY2021, which is traditionally a low season, the group&rsquo s order intake fell 16.5% y-o-y to $106.2 million, but improved 7.9% q-o-q from the $98.4 million in the 4QFY2020. The group&rsquo s Energy sector saw a 35.5% decline in new orders of $56.6 million for the 1QFY2021. This was due to the slower than expected start for the year, and further disrupted by the severe winter weather in the US in February. The Infrastructure sector saw 50.3% y-o-y higher new orders of $38.3 million, due to a stronger pipeline of infrastructure projects across all key geographies such as Australia, Singapore, the UK and the US. The Mining & Minerals sector saw a 18.7% y-o-y drop in new orders of $11.3 million, which included a greenfield project of $5.1 million to supply two-way radio equipment and solutions in Australia. The group, for the 1QFY2021, generated a cash inflow from operations of $7.1 million. &ldquo The current market environment still presents numerous uncertainties going forward: Covid-19 pandemic and global economic outlook. Despite these uncertainties in the coming months, the group&rsquo s prospects remain unchanged per the last outlook presented in February 2021 and it remains confident to achieve a satisfactory financial performance in 2021,&rdquo says Lim Boon Kheng, CSE&rsquo s group managing director. &ldquo Our strategies have been to focus on deepening our presence in our key markets in USA, Australia/New Zealand, Singapore and UK. Going forward, we will continue to focus on these key markets as well as to expand our engineering capabilities and technology solutions to pursue new market opportunities or diversify into new markets (such as renewables and building automation) brought about by the emerging trends towards urbanization, electrification and decarbonisation,&rdquo Lim adds. |
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NT1825
Master |
17-May-2021 16:00
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Finally,
Oil Prices Rebound As Global Oil Glut Drainshttps://oilprice.com/Energy/Energy-General/Oil-Prices-Rebound-As-Global-Oil-Glut-Drains.htmlshould be positive news for cse global....cheers |
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ahberngh
Elite |
11-May-2021 14:29
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Share price sucks. Have not gone above 60c for many years despite all the good news. Every time it apporaches 60c, it retreats back down. 6oc is a jinx??? 
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Resurgam
Member |
11-May-2021 14:26
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Drifting back down post dividend. |
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NT1825
Master |
07-May-2021 09:00
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Small company relative to others, but with constant revenue intake. Gross profit and nett profit is awesoe. Guess they have good and dedicated staff managing their projects.
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Octavia
Supreme |
05-May-2021 08:48
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Brent oil pc closed near to $70.Looking fwd to Co to announce more O&G projects. Last day to buy for 1.5c dividend. | ||||
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Resurgam
Member |
01-May-2021 04:19
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Perhaps true English would be better then and say ' year high' as not everyone understands ' standard practise' . Bonus share issue occurred just once I believe some 14 years ago. Price has reached peaks of 1.35 and 1.20 since then. Have been invested since 2000.
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Octavia
Supreme |
30-Apr-2021 18:31
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Goldman: Oil To Hit $80 On Largest Ever Demand Jump By Tsvetana Paraskova - Apr 28, 2021, 11:00 AM CDT Join Our Community Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish forecasts for oil prices this summer. Higher demand for travel and acceleration of vaccinations in Europe are set to result in & ldquo the biggest jump in oil demand ever, a 5.2 million barrels per day (bpd) rise over the next six months,& rdquo Reuters quoted Goldman Sachs as saying in a note to clients. Goldman Sachs continues to see oil rising to $80 per barrel this summer and says that & ldquo The magnitude of the coming change in the volume of demand -- a change which supply cannot match -- must not be understated,& rdquo as carried by FXStreet. At the beginning of this month, Goldman also issued a bullish note, saying that it anticipated strong demand that would require OPEC+ putting another 2 million barrels per day (bpd) on the market in the third quarter, after the around 2 million bpd that the alliance and Saudi Arabia decided to return between May and July. In early April, the investment bank expected excess oil inventories to normalize by the fall of 2021. At the end of April, Goldman Sachs continues to forecast a large demand rebound this year, despite the soaring COVID cases in India, which have somewhat clouded the demand outlook. & ldquo Commodity markets have looked through the sharp rise in Covid-19 cases in India,& rdquo Goldman Sachs said today. At the beginning of March, the bank expected Brent Crude prices to hit $80 a barrel in the third quarter this year, up by $5 compared to the previous forecast issued two weeks earlier. Even after the sell-off in oil in mid-March, Goldman said that the & ldquo big breather& rdquo was a buying opportunity for oil and continued to forecast Brent hitting $80 per barrel in the summer. |
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Joelton
Supreme |
30-Apr-2021 17:52
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CSE Global secures S$106m in new orders for Q1 FY21
TECHNOLOGY solutions provider CSE Global has secured about S$106.2 million of new orders for the first quarter of 2021, it announced on Thursday.
Of this, some S$56.6 million of new orders were secured by the group' s energy sector, compared with S$87.8 million in Q1 FY20.
The lower orders were due to the " slower than expected start for the year, which was further disrupted by the severe winter weather that swept across the US in February 2021, as compared to pre-Covid levels for the corresponding quarter in the previous year" , said CSE in a bourse filing.
Meanwhile, new orders for the infrastructure sector increased 50.3 per cent year-on-year (y-o-y) to S$38.3 million, as a result of a stronger pipeline of infrastructure projects, across all key geographies such as Australia, Singapore, UK and the US.
The mining and minerals sector clinched a slightly lower order of S$11.3 million new orders for the quarter, compared with S$13.9 million in the corresponding period last year, which included a greenfield project of S$5.1 million to supply two-way radio equipment and solutions in Australia.
On a quarter-on-quarter basis, CSE' s order intake for the first quarter increased 7.9 per cent from Q4 FY20' s S$98.4 million.
With the new orders, the group' s order book as at end-Q1 FY21 stood at S$231 million.
Lim Boon Kheng, group managing director of CSE, said: " Amid the pandemic and uncertain economic environment, it was encouraging to note that the group had registered a quarter-on-quarter sequential increase in new orders in Q1 2021, traditionally a low season."
He added: " In view of the increasing requirements for digitalisation and enhancements in physical and cyber security by our customers, we will continue to focus our efforts to provide new solutions and innovate our existing solutions in order to remain relevant in our service to them."
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PhillipTan
Supreme |
30-Apr-2021 10:12
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DBS - CSE Global : BUY Last Traded Price: S$0.56 Price Target (12-mth): S$0.64 (Upside 14.3%) 1Q21 new order intake - CSE Global secured S$106.2m worth of new orders in 1Q21 (-16.5% y-o-y), showing another sequential improvement - The y-o-y decline was due to weakness in its Energy segment due to a slower start for the industry which was further disrupted by the severe winter weather in the US in February - New orders wins for its Infrastructure segment increased 51.0% y-o-y to S$38.3m on a strong pipeline of projects and continued strong order wins for this segment could lift CSE' s EBIT margins - While the decline in new order wins in its Energy segment is significant, we maintain a positive view that the decline should reverse given that oil prices are trading higher (US$60-65/bbl) and on the recovering global economic outlook |
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ayy002
Senior |
30-Apr-2021 09:09
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CSE Secures S$106M In New Orders For 1Q2021 |
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actan99
Master |
29-Apr-2021 20:41
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Glad that I went in last year. Their earnings results quite good. Hope they continue pay good dividends. |
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Octavia
Supreme |
29-Apr-2021 19:57
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That was way before the Company rewards shareholders with bonus shares.
Anyway standard practice is referring to 52 weeks high.Apps and platform likewise.
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Resurgam
Member |
29-Apr-2021 17:02
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All time high? 1.76 in 2000.
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Octavia
Supreme |
28-Apr-2021 11:01
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Cse to announce its 1st Q 21 fin result sometime in May after dividend XD.More projects clinched announcement will propel the stock price higher after XD and clear the all time high of 59c. | ||||
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Octavia
Supreme |
26-Apr-2021 09:45
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Left 8 days to buy for dividend.
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ayy002
Senior |
22-Apr-2021 10:53
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back paddling | ||||
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des_khor
Supreme |
18-Apr-2021 17:57
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Day show fake broke 0.58 ? | ||||
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ahberngh
Elite |
15-Apr-2021 10:06
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58.0/58.5c Will it break above 60c this time and stay above? It has never done so since 18 June 2015 when it was at 62c briefly.
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jasonrxz
Senior |
15-Apr-2021 10:03
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Keep the momentum up and going | ||||
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