CSE Global    Last:1.44   -

CSE Global

Initiated a small position here at 41cts. Has been trading within a tight band for the longest time.. could be accummulation going on...

 

Is this a good time to slowly collect and hold for at least 10% gain..? Please share your thoughts..

 

No chance to buy cheaply liao....

 

.42 support very strong. Don' t think it will fall below that today.

 

I think it will hold. Otherwise those who sold at the February low, when fear was at it highest and oil price was at its lowest, will grab the chance to jump back in again.

 

0.42now........wait & see, if this can hold.

 

Support at 42c. Resistance at 46c. Certainly looking interesting in terms of risk and reward.

 

Quite hard to go below 40c. Maybe you need really bad market sentiments and oil to go back down to its low at USD 26.

 

I think so too. I really like this coy but it' s dependency on the O& G sector is a concern. Already, in the latest results, it' s bottom line was affected by the sectors downturn and the sector looks like it will get worse in the near future. Nonetheless, it has good management and the cash reserve is very attractive. Also like the fact the coy is moving into structure related business to prop up it' s bottomline. Will def enter when it falls below 40c mark.

goldvision      ( Date: 14-Jul-2016 11:04) Posted: Seems like oil hasn't finished its correction. May fall to USD 39 -42. Better avoid this for now.

 

Hmm.... this is looking interesting now...

 

see... i never bluff you....

goldvision      ( Date: 14-Jul-2016 11:04) Posted: Seems like oil hasn't finished its correction. May fall to USD 39 -42. Better avoid this for now.

 

downtrend, dividend ok. 0.445 => 200ma.

 

cimb like this stock

 

Seems like oil hasn't finished its correction. May fall to USD 39 -42. Better avoid this for now.

 

really?

 

Fundamentally sound stock to make up my portfolio!! Top 10 dividend paying stock!

 

CIMB likes CSE for its management quality, attractive FY16 dividend yield of 5.2%, net cash of c.S$60m (US$45m) and resilience vs. other small-cap O& M companies.
- It targets double infrastructure projects to comprise 30% of group revenue by FY17, lifting overall margins as infrastructure fetches EBIT of 14% vs. 6% for oil & gas.
- ERP 2 could also add S$40m-50m (US30m-37m) to CSE&rsquo s orders in FY16, bringing total wins to S$400m (US$298m) or 10% higher than in FY15.
- The house raises EPS by 3-5% for FY17-18, on higher gross margins to incorporate more infrastructure projects.
- Maintain Add with higher target price of S$0.57, based on 9.7x CY17 P/E (1 s.d. below 5-year mean). Stronger-than-expected order wins could catalyse the stock.

 

UOBKH has a buy call on this counter @71c on 13 Oct 15.

Buy 10.4x 2015F.

Quite a laggard as compared to other O & G realted counters which have moved quite substantially recently.

 

December 2013 CSE divests itself of SERVELEC. CSE SGD 0.75, SERVELEC GBP 1.8 IPO.   Now   CSE SGD 0.5 (-33%), SERVELEC GBP 3.09 (+72%).   Should have stayed with SERVELEC.   Need a better crystal ball.

 

 

CSE&rsquo s Net Profit grows 23% to S$9.9 million in 2Q15

Key Highlights:

&bull Net Profit grew by 23.4% to S$9.9 million

&bull Strong order intake of S$97.4 million in 2Q15

&bull Robust order book of S$237.8 million

&bull Net cash position at S$7.1 million &bull Outlook: Directors remains optimistic of its performance in FY2015

&bull Tax-exempt one-tier interim dividend of 1.25 cents per ordinary share declared  

Ex CD 28 Aug 15

Payable 18 Sep15