CSE Global    Last:1.3    -0.08

CSE Global

Dividend is above average nice too! 

 

Should turn focus to CSE, good profits, good revenue and good cash generation.

 

Q1 Results:

Revenue +56%
Net Profit +23%
Cash generated from operations +209%

This one silent achiever omg

 

Better to switch From glove stocks to a growth stock with good results like CSE

wehuattogether88      ( Date: 02-Jun-2020 20:37) Posted: From The Business Times- CSE Global has posted a net profit of S$7.1 million in the first quarter, up 23.1 per cent from the same period a year earlier, on higher takings from the Americas and the Asia-Pacific regions. Revenue in the three months ended March 31 was S$131.8 million, up 56 per cent from the same period a year earlier, on the back of strong-flow revenues and contributions from new acquisitions, it said on Tuesday. Order intake in the first quarter surged 46.6 per cent yea on year to S$127.2 million, driven by new orders from greenfield andbrownfield projects, and supported by stable-flow orders, it said.  The group finished the first quarter with a robust order book of S$302.7 million. CSE Global, a process-control and communications-network system integrator, generated a cash inflow from operations of S$17.3 million in the first quarter and lowered its net debt position to S$32.7 million as at end of March 2020, compared to S$44.5 million in the preceding quarter, it said. Group managing director Lim Boon Kheng said in an interim business update on Tuesday: &ldquo We are pleased to report a commendable set of results on the back of the growth in our key markets. However, the current market environment still presents numerous uncertainties going forward: the Covid-19 pandemic, low oil and gas prices and a weak global economic outlook. Though CSE expects to be negatively impacted from these uncertainties in the coming months, the magnitude of the impact on CSE cannot be accurately determined at this point of time.&rdquo CSE Global shares rose 2.5 Singapore cents or 5.56 per cent on Tuesday to close at S$0.475 ahead of the results announcement.

 

From The Business Times-
CSE Global has posted a net profit of S$7.1 million in the first quarter, up 23.1 per cent from the same period a year earlier, on higher takings from the Americas and the Asia-Pacific regions.

Revenue in the three months ended March 31 was S$131.8 million, up 56 per cent from the same period a year earlier, on the back of strong-flow revenues and contributions from new acquisitions, it said on Tuesday.

Order intake in the first quarter surged 46.6 per cent yea on year to S$127.2 million, driven by new orders from greenfield andbrownfield projects, and supported by stable-flow orders, it said.  The group finished the first quarter with a robust order book of S$302.7 million.

CSE Global, a process-control and communications-network system integrator, generated a cash inflow from operations of S$17.3 million in the first quarter and lowered its net debt position to S$32.7 million as at end of March 2020, compared to S$44.5 million in the preceding quarter, it said.
Group managing director Lim Boon Kheng said in an interim business update on Tuesday: &ldquo We are pleased to report a commendable set of results on the back of the growth in our key markets. However, the current market environment still presents numerous uncertainties going forward: the Covid-19 pandemic, low oil and gas prices and a weak global economic outlook. Though CSE expects to be negatively impacted from these uncertainties in the coming months, the magnitude of the impact on CSE cannot be accurately determined at this point of time.&rdquo
CSE Global shares rose 2.5 Singapore cents or 5.56 per cent on Tuesday to close at S$0.475 ahead of the results announcement.

 

Silent riser.... 

Up up up please . Yay ! This counter was slow earlier in April

 

Another cheaper and better option than gloves and PPE stocks

 

IMHO, as long the pandemic persists, it will continue to slow down the oil contracts.

 

I think oil price has stabilised and edging up, CSE might be a stock for serious considerations?
What do you guys say?

 

Might be an alternative gem besides the gloves and PPE stocks. What do you think?

 

I am happy holding it since it was 0.37 or so. 
Hope it goes up and up and up. 

So far, it has been one of the more resilient ones despite recent storms. low bids not many takers. 

wehuattogether88      ( Date: 29-May-2020 11:38) Posted: Hidden gem, as during crisis still can get business, do you bros agree or disagree?

 

Hidden gem, as during crisis still can get business, do you bros agree or disagree?

 

Many contra players still holding vol 0.9M. Suggest buy later

wehuattogether88      ( Date: 19-May-2020 09:17) Posted: Anybody buying this stock for dividend?

 

Anybody buying this stock for dividend?

 

Maybe also dividend factor?

maccer      ( Date: 18-May-2020 10:19) Posted: Yes. Its current book of biz and positive move in the oil market. Will push this up! wehuattogether88      ( Date: 18-May-2020 10:13) Posted: Oil recovering but will this CSE moves?

 

Yes. Its current book of biz and positive move in the oil market. Will push this up!

wehuattogether88      ( Date: 18-May-2020 10:13) Posted: Oil recovering but will this CSE moves?

 

Oil recovering but will this CSE moves?

 

Next div  approx 3.8%

wehuattogether88      ( Date: 15-May-2020 08:24) Posted: Maybe you are right. Usually how much is the dividend? NT1825      ( Date: 15-May-2020 00:40) Posted: --- Post Removed by User ---

 

if only they diversify a little more or else my concern will be oil price affecting this counter. 

NT1825      ( Date: 15-May-2020 00:40) Posted: --- Post Removed by User ---

 

For previous years, 2.75 cts