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1541-1560 of 2094
Sell on news
Net margin also improve. More importantly, guiding for better performance in 2019.
Octavia ( Date: 20-Feb-2019 20:11) Posted:
| Net profit jump 50.8% to 20.1 million.
Dividend 1.5c.👍 |
|
Net profit jump 50.8% to 20.1 million.
Dividend 1.5c.👍
Likely can hit 48c today.
Let see if fund will buy up at closing and close in the green.
Result shld be good tomorrow with Co promised of 2.75c for FY18.
Remaining 1.5c to be payout at this final quarter.
Octavia ( Date: 28-Jan-2019 10:49) Posted:
| Yr end dividend expected to be.1.5c. |
|
CSE to chiong 475?
Finally break out of short-term resistance $0.44.
Now $0.45
Yr end dividend expected to be.1.5c.
CSE Global Limited (&ldquo CSE&rdquo or the &ldquo Group), a global technology solutions provider, announced today that the Group has secured infrastructure project contracts with a combined value of S$84.8 million in Q4 2018, bringing the full year 2018 orders to S$150.5 million, registering a 43.6% increase over S$104.9 million for 2017. These new orders including government contracts in Singapore involved projects ranging from process control solutions and systems, telecommunication and security systems, and maintenance works.
Slowly inching back to 50cts soon? This year order books and profits rolling in haha...
CSE Global clinches S$84.8m of infrastructure project deals in Q4 2018
MON, JAN 14, 2019 - 10:04 PM
TECHNOLOGY group CSE Global on Monday said that it has secured infrastructure project contracts worth a combined S$84.8 million in the fourth quarter of 2018. This brings its full-year 2018 orders to S$150.5 million, a 43.6 per cent increase over S$104.9 million in 2017.
These new orders include government contracts in Singapore involving projects ranging from process control solutions and systems, telecommunication and security systems, and maintenance works.
Lim Boon Kheng, group managing director of CSE, said: &ldquo We will continue to focus on our strategy to win more brownfield and greenfield orders to build a strong order book pipeline going forward. These projects are expected to contribute positively to CSE&rsquo s financial performance for the financial years in 2019 and beyond.&rdquo
That said, for the current financial year, these contracts are not expected to have any material impact on the consolidated net tangible assets per share or earnings per share, the group said.
CSE Global ($0.395, down 0.5 cents) wishes to announce that CSE Americas Inc., an indirect wholly-owned subsidiary of the Company, has acquired 100% of the membership interest of Blackstar Services, LLC from Incredible Machine Holdings, LLC and Shoreline Capital Investments, LLC. Blackstar is principally engaged in the design and development of water treatment and disposal technology for the oil and gas markets. Following the acquisition, Blackstar Services, LLC has become an indirect wholly-owned subsidiary of the Company. The aggregate consideration paid by CSEA for the membership interest is US$2.375mln (approximately S$3.25mln).
The consideration was arrived at on a willing buyer, willing-seller basis, taking into account various factors such as the existing assets, intellectual property, goodwill, and business prospects of Blackstar. The consideration was satisfied wholly in cash through internal resources. Based on unaudited financial statements as at 30-Sep-18, the net tangible asset value of the membership interest of Blackstar is US$0.1mln (approximately S$0.1mln).
The above transaction was funded through internal resources and is not expected to have any material impact on the Group&rsquo s EPS or NTA per share for the financial year ending 31-Dec-19. CSE is currently trading at cheap valuations with Forward PE of 9.9x and PB of 1.2x with sustainable dividends that yield 7%. Given the current weak price which we reckon was due to negative market sentiments and declining oil prices, we view this as a good opportunity to buy more CSE shares.
MAINTAIN BUY.
(Lim & Tan)
CSE Q3 net profit soars by 67% Key Highlights:
Net profit jumped 67% to S$5m, on the back of 8% revenue growth and improved gross margins
Generates strong cash inflow from operations of S$24.8m
Net cash position strengthened to S$34.4m
Earnings per ordinary share for the quarter under review clocked 0.99 Singapore cents, up from 0.58 Singapore cents in the third quarter of the year prior.
Looking ahead, CSE expects its operating net profit for the current financial year to be better than FY2017.
http://infopub.sgx.com/FileOpen/CSE%20Global_Q3FY2018_Press%20Release.ashx?App=Announcement& FileID=532707
3Q18 fin result tba after trading hr on 7Nov18
is this stock dead
Edgbaston Investment Partners LLP ceased to be SSH reported on 16Oct18.
oil up 2%.....$84 plus liao....by yr end might hit $100...
oil up...dow future +205...hope tomolo open gap up.....
