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1681-1700 of 2092
1Q18 fin result is crucial.If can have net profit of $1.5M and above will be very positive for the counter.
Hopefully more bad debts can be collected as the oil and gas industry is picking up.
Jaiyou mangement.
Hopefully more bad debts can be collected as the oil and gas industry is picking up.
Jaiyou mangement.
One of the few bright spark amongst the O& G related counters with strong fundamentals.Even with low oil px,Co able to get alot of work orders from onshore and deepwater Oil & Gas in the US.Next growth area is its increasing market share in the commercial Digital Mobile Radio (DMR) 2-way radio network for critical infrastructures in Australia. With the world economy humming along, there will be demand for oil and the surplus will be depleted in a yr to two.EMEA and Asia Pacific regions will start to see green shoots in no time that would bode well for the Co.
CSE&rsquo s board and management provided a clear dividend guidance of S$0.0275 per share for 2018 (S$0.0025 of the dividend will be confirmed in 2Q18) amounting to a potential attractive dividend yield of 7.4%. Together with the already declared dividend of S$0.015 in Feb 2018, the firm will potentially pay a total dividend yield of 11.4% by May 2019 to shareholders, making them one of the highest dividend payers on SGX&rsquo s mainboard.
CSE&rsquo s board and management provided a clear dividend guidance of S$0.0275 per share for 2018 (S$0.0025 of the dividend will be confirmed in 2Q18) amounting to a potential attractive dividend yield of 7.4%. Together with the already declared dividend of S$0.015 in Feb 2018, the firm will potentially pay a total dividend yield of 11.4% by May 2019 to shareholders, making them one of the highest dividend payers on SGX&rsquo s mainboard.
Its time to BUY .
*CSE Global
- Provided a DPS guidance of $0.0275 for 2018, which gives a dividend yield of 7.4%, during discussions with shareholder Quarz Capital Management.
- Quarz remains supportive of management' s commitment to turn around its existing US business and achieve a long-term target ROE of over 10%.
- Provided a DPS guidance of $0.0275 for 2018, which gives a dividend yield of 7.4%, during discussions with shareholder Quarz Capital Management.
- Quarz remains supportive of management' s commitment to turn around its existing US business and achieve a long-term target ROE of over 10%.
CSE Global Limited ($0.345, down 0.015) reported a net loss in the fourth quarter (&ldquo 4Q17&rdquo ) of S$37.3 million, on the back of revenue of S$116.7 million, amid the difficult business and opera ng environment. For the full year ended 31 December 2017 (&ldquo FY2017&rdquo ), the Group recorded a revenue and net loss of S$362.4 million and S$45.1 million respectively. During the fourth quarter, the Group booked certain one-off impairments on its financial assets. Taking into account these one-off impairments made in 4Q17 as well as the one-off settlement costs recorded in 2Q17 (collectively known as &ldquo exceptional items&rdquo ), the Group recognised exceptional items totalling S$58.5 million for FY2017. Excluding the impact from the exceptional items, core profit after tax and non-controlling interests would have been S$13.3 million in FY2017 as compared to S$21.2 million in FY2016.
New orders received for FY2017 grew by 33.2% to S$381.9 million from S$286.6 million in FY2016, mainly from higher large greenfield projects in the Gulf of Mexico secured in March 2017 as well as higher flow orders from greenfield (new installations) and brownfield (maintenance, upgrade and enhancement of existing installations) in Americas and Australia. In FY2017, the Group generated a cash outfllow from operations of S$2.3 million after funding of working capital for large greenfield projects secured in the Americas regions during the period. The Group ended the period with a net cash position of S$15.5 million, after deducting for acquisition costs of S$8.2 million, dividend payments of S$14.2 million and the one-off settlement costs of S$16.6 million.
Looking ahead management said, &ldquo The current oil/gas and commodity prices continue to influence investment decisions and customers remain highly focused on cost control and cash flow generation. With a current outlook of the higher flow orders in greenfield and brownfield orders, the Group expects a much better performance in FY2018. Going forward, CSE will focus on cost control and consolidating the acquisitions made in FY2016 and FY2017, and will continue to explore acquisition opportunities to support its long term sustainable growth objectives.&rdquo
To reward shareholders, the Board of Directors will be proposing a final (1-tier tax-exempt) dividend of 1.0 Singapore cents per ordinary share and a special (1-tier tax-exempt) dividend of 0.5 Singapore cents per ordinary share for the financial year ended 31 December 2017. Together with the interim cash dividend of 1.25 Singapore cents per ordinary share distributed last September, CSE will be paying out a total cash dividend of 2.75 Singapore cents per ordinary share for the financial year ended 31 December 2017 (similar to last year), implying a dividend yield of 8.0%. Given the attractive yield, management&rsquo s guidance of a much better 2018 performance on the back of its strong order books, its net cash position of S$15.5 million, we believe the stock justifies a BUY recommendation.
(Lim & Tan)
New orders received for FY2017 grew by 33.2% to S$381.9 million from S$286.6 million in FY2016, mainly from higher large greenfield projects in the Gulf of Mexico secured in March 2017 as well as higher flow orders from greenfield (new installations) and brownfield (maintenance, upgrade and enhancement of existing installations) in Americas and Australia. In FY2017, the Group generated a cash outfllow from operations of S$2.3 million after funding of working capital for large greenfield projects secured in the Americas regions during the period. The Group ended the period with a net cash position of S$15.5 million, after deducting for acquisition costs of S$8.2 million, dividend payments of S$14.2 million and the one-off settlement costs of S$16.6 million.
Looking ahead management said, &ldquo The current oil/gas and commodity prices continue to influence investment decisions and customers remain highly focused on cost control and cash flow generation. With a current outlook of the higher flow orders in greenfield and brownfield orders, the Group expects a much better performance in FY2018. Going forward, CSE will focus on cost control and consolidating the acquisitions made in FY2016 and FY2017, and will continue to explore acquisition opportunities to support its long term sustainable growth objectives.&rdquo
To reward shareholders, the Board of Directors will be proposing a final (1-tier tax-exempt) dividend of 1.0 Singapore cents per ordinary share and a special (1-tier tax-exempt) dividend of 0.5 Singapore cents per ordinary share for the financial year ended 31 December 2017. Together with the interim cash dividend of 1.25 Singapore cents per ordinary share distributed last September, CSE will be paying out a total cash dividend of 2.75 Singapore cents per ordinary share for the financial year ended 31 December 2017 (similar to last year), implying a dividend yield of 8.0%. Given the attractive yield, management&rsquo s guidance of a much better 2018 performance on the back of its strong order books, its net cash position of S$15.5 million, we believe the stock justifies a BUY recommendation.
(Lim & Tan)
Mixed results ... the negatives are the big one-time items, the significant decrease in cash holdings and gross margin pressure but offset by the generous dividend of 1.5c and the comment that performance in 2018 is going to be much better. Looks like some downside from here until a decent 1Q results.
FY2017 Key Highlights:
Revenue growth of 14% to S$362.4m
Core Profit after tax and NCI before Exceptional Items at S$13.3m vs S$21.2m in FY16
Strong order intake growth of 33.2%
Remained in net cash position
Proposed final and special dividend totalling 1.5 cents per share(Ex-date 30Apr18)
In FY2017, CSE Group recorded profit after tax and non-controlling interests before exceptional items of S$13.3 million as compared to S$21.2 million in FY2016.
With a current outlook of the higher flow orders in greenfield and brownfield orders, the Group expects a much better performance in FY2018.
http://infopub.sgx.com/FileOpen/CSESGXnet-Q4FY2017.ashx?App=Announcement& FileID=489976
http://infopub.sgx.com/FileOpen/CSE%20Global_4Q_2017_Press_Release.ashx?App=Announcement& FileID=489977
Revenue growth of 14% to S$362.4m
Core Profit after tax and NCI before Exceptional Items at S$13.3m vs S$21.2m in FY16
Strong order intake growth of 33.2%
Remained in net cash position
Proposed final and special dividend totalling 1.5 cents per share(Ex-date 30Apr18)
In FY2017, CSE Group recorded profit after tax and non-controlling interests before exceptional items of S$13.3 million as compared to S$21.2 million in FY2016.
With a current outlook of the higher flow orders in greenfield and brownfield orders, the Group expects a much better performance in FY2018.
http://infopub.sgx.com/FileOpen/CSESGXnet-Q4FY2017.ashx?App=Announcement& FileID=489976
http://infopub.sgx.com/FileOpen/CSE%20Global_4Q_2017_Press_Release.ashx?App=Announcement& FileID=489977
Inching up steadily.
I believe early this week flushing of weak holders can push the price to below 34 (33 to 34) and that will be an attractive entry price to reload
sector running off...this on lacking behind
time not ripe yet...
boiling point.... load up
awaiting the right time to move...
Technically support is strong around 33.5 but I'm not sure if the stock price is going to surge till we seen a.turnaround in earnings in one or.two quarters from now.
" x" deal trade... Looks like this counter the next to burst up very soon
looks like support at 345-35 found footing. good time to enter now
My wish came true and now I pray. Results not so bad I think. Orders up, net profit down but we were warned. Will see if this is trough earnings.
sbscap ( Date: 06-Nov-2017 13:26) Posted:
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Oil price still going strong and up above $55 liao, no reason why CSE wont go back up. Also next quarter result is likely to be back in the black after this quarter' s massive big one off write-off.
Good. I' m queuing at that level.
ronleech ( Date: 06-Nov-2017 12:04) Posted:
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| 52-week range | 0.330 - 0.565. |