CSE Global    Last:1.44    -0.21

CSE Global

what' s with the recent huge drop?

used to be a slow and steady tortoise.

 

2Q15 fin. result  out on 12 Aug 15 after trading hrs.

 

But still cannot walk.

Octavia      ( Date: 13-May-2015 11:43) Posted: UOBKH upgrades buy call with TP 84c

 

UOBKH upgrades buy call with TP 84c

 

At 23% of CIMB' s FY15 forecast, 1Q15&rsquo s core net profit of S$7.6m (+1% yoy) was in line with its expectations and consensus. 

CSE&rsquo s diversified and maintenance-oriented business model is braving the oil price rout admirably. Another positive was its order book expansion, which has grown 22% yoy to $252.5m. 

CIMB increases its FY15-17 EPS by 5-7% on stronger revenues, which lifts its 9x CY16 P/E-target price (its 5-year mean). Anticipating a steady course for the rest of the year, house upgraded the stock to Add from Hold (TP $0.65).

At 8x CY16 P/E, investors are buying a positive FCFE-yielding stock which is in a net cash position, generates 14-15% ROE and rewards its shareholders with a 5% dividend yield.

 

Npat flat, impacted by higher tax bill of 2mil.  So, short-term px will freeze. 

tomhanks      ( Date: 11-May-2015 22:48) Posted: So, time for the BB to manipulate and bring this down to 20c as well? ..lol

 

So, time for the BB to manipulate and bring this down to 20c as well? ..lol

 

 

That is good news.

S$45.3 million in Americas and another  S$40 million in    Abu Dhabi and Mexico. 

Total S$85.3million  These projects are expected to contribute positively to CSE financial performance for the financial years in 2015 and beyond.

Accululate on weakness.

 

Another 2 major contracts win.

Seem like contracts start coming in.

News Release CSE secures two major contracts Singapore, 28 April 2015 &ndash CSE Global Limited (&ldquo CSE&rdquo or the &ldquo Group), a provider of system integrated solutions to the oil and gas(O& G) industry, announced today that the Group has secured two major contracts amounting to S$40 million for telecommunication system and maintenance works. CSE&rsquo s wholly-owned subsidiary, CSE-Transtel Pte Limited, has won a contract with a customer to design, supply and install a Telecommunications system at a field development site in Abu Dhabi, United Arab Emirates. CSE is also pleased to announce that its wholly-owned Mexican subsidiary, Industrias W de Mexico, S.A. de C.V., has won a three year maintenance contract with a national oil company to provide rehabilitation services and technical assistance to systems and equipment, including delivery platform retrofit for power generation and satellite platforms. Mr Lim Boon Kheng, Group Managing Director of CSE, said, &ldquo We are encouraged by these two major contract wins and are pleased to see our customers continue to leverage on our expertise and placing their trust in our solutions and services. These projects are expected to contribute positively to CSE&rsquo s financial performance for the financial years in 2015 and beyond.&rdquo 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 of the Group. None of the directors or substantial shareholders of CSE has any interest, direct or indirect, in the contracts. 

 

1Q2015 finanicial result coming out after trading hrs on 11 May 15.

 

Singapore, 27 April 2015 &ndash CSE Global Limited (&ldquo CSE&rdquo or the &ldquo Group), a provider of system integrated solutions to the oil and gas (O& G) industry, announced today that its Americas region has secured new contracts worth US$33.8 million (approximately S$45.3 million) in the first quarter of 2015 (&ldquo 1Q 2015&rdquo ). These new orders involve projects ranging from instrumentation and electrical design, fabrication and construction, engineering and integration of subsea control systems and equipments, chemical injection control systems, flow measurement and control systems, as well as the provision of customised enterprise systems. Mr Lim Boon Kheng, Group Managing Director of CSE, said, &ldquo We are encouraged by the Q1 order intake in the Americas region. These projects are expected to contribute positively to CSE&rsquo s financial performance for the financial years in 2015 and beyond.&rdquo  

 

I kept checking did I get the XD date wrong.. Because the price just kept going up bit by bit instead of falling.

 

XD today and up 3.5%.

Huat arhhh

 

also wondering why

daffytlh      ( Date: 19-Mar-2015 16:38) Posted: Wa ..y px been dropping..any news i m unaware of?

 

Wa ..y px been dropping..any news i m unaware of?

 

UOB KH has a buy call on 2 Mar 15 with TP at 84c.

 

With a lot of the counters reporting in the red, I' m contended with the $0.015 dividend payout.

" Happy New Year"

 

1.5 ct so low..last yr was 3 ct this period

 

Net Profit from continuing operations grew by 16.4% to S$35.4 m in FY14

 Strong order intake of S$461.6m in FY14, 27.3% growth over FY13

 Robust order book rises to S$255.0m at end of FY14

 Net cash position strengthened to S$23.4m from 3Q14

 Proposed final dividend of 1.5 cents per share 

http://infopub.sgx.com/FileOpen/CSEGlobal_4Q_2014_Press_Release_260215.ashx?App=Announcement& FileID=336332

http://infopub.sgx.com/FileOpen/CSESGXnet_Q4FY2014_260215_4pm.ashx?App=Announcement& FileID=336331