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1841-1860 of 2082
Seriously, oil price has bn dropping like flies, and they still targeted at higher price?
Sometime, I think the analysist has to use alittle of common sense, and not relying juz on numbers for their predictions or so-called forecast
hp3000 ( Date: 14-Nov-2014 22:19) Posted:
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Aiyo today y drop so much?
CIMB analyst: Yeo Zhi Bin (left)
At 72% of our FY14 forecast, we deem CSE&rsquo s 9M14 core net profit of S$25.0m as in line with expectations. 3Q14 core net profit of S$9.4m was in line, at 27% of our FY14 forecast, following four consecutive quarters of earnings misses.
We trim FY14 EPS by 2% due to higher taxes but keep our FY15-16 EPS forecasts. Given its stabilising operations and FY14-16 dividend yields of 4-5% that would be supportive of valuations, we turn positive on CSE and upgrade it from Reduce to Hold. Our target price (70 cents) is raised as we roll over to 9x CY16 P/E (its 5-year mean) from 9x CY15 P/E. We will revisit the stock once there are stronger-than-expected earnings and orders.
CSE&rsquo s net profit grows 39.6% to S$9.4M in 3Q14
Key Highlights:
Revenue rises by 15.2% to S$108.1m in 3Q14
Strong order intake of S$119.3m in 3Q14, 29.1% growth over
3Q13
Outstanding order book rises to S$201.7m at end of 3Q14
Net cash position of S$12.0m
Outlook: Directors cautiously optimistic that its performance
in FY2014 would be better than FY2013
Result out on 11 Nov.
CSE Global (CSE SP, 544)
Technical BUY with 23.4% potential return
Last price: S$0.705
Target price: S$0.87
Protective stop: S$0.665
We maintain our previous technical BUY
(featured on 14 Aug 14) with a target price of
S$0.87 and protective stops could be placed at
S$0.665. The stock appears to be able to
negate the sell-off on 12 Aug 14 and continues
to trade above its 38% retracement level,
which is also near its 200-day EMA. Watch to
see if the 50-day EMA could continue to rise to
cross above the 200-day EMA should the 14-
day RSI indicator continue to hover above a
reading of 50.
Expected timeframe: 2 weeks to 2 months
Our retail research has a fundamental BUY
and target price of S$0.88.
ANALYST
Jeffrey Tan
+65 6590 6629
[email protected]
I bought 71 yesterday to earn CD leh, very good stock, even analysis target price at 88 and financial report very good, hope lateror next week up.
hp3000 ( Date: 15-Aug-2014 14:44) Posted:
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Yes. Well supported @ 71 cts even XD today.
Those sell yesterday before XD at 71 cts lu gi liao.
Many still keep and supporting it.
dc16888 ( Date: 15-Aug-2014 10:38) Posted:
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ya, haha.. xd today. year till date dividend 4.25cents, around 6%.not bad.
hp3000 ( Date: 13-Aug-2014 23:21) Posted:
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Analysis report is for your reference only.
You still need to do some home work before buying.
hp3000 ( Date: 13-Aug-2014 23:16) Posted:
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Haha a good question ????
Base on your own judgement lah !!!
Analysis can trust female pig can climb a tree. (母 猪 会 上 树 )。
They will give all the reason to their call base on what and what and the profit drop etc...
Do you think it can get more contract on next coming qtr.
If yes vested and waiting for their full yrs dividend.
dc16888 ( Date: 13-Aug-2014 20:52) Posted:
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I received 2 reports from brokerage research this morning. which one to trust?
UOBKH research : WHAT&rsquo S IN THE PACK CSE Global- Gunning for a stronger 2H14 opportunity from selldown. (CSE SP/BUY/S$0.69/Target: S$0.88)
1H14 slightly below expectations but a stronger 2H14 should enable it to achieve full-year estimates. Management remains confident of achieving its 10-
15% earnings growth guidance for 2014. We maintain our conservative projection for an 8.8% growth. Maintain BUY and a street-high target price of S$0.88, based on 12.6x 2015F PE. Our target PE is at a 20% discount to sector mean of 15.7x to account for the group&rsquo s smaller size and niche business mode.
From CIMB (SG)
CSE Global (RD▼ , TP:S$0.66▲ ) - Re-rating unwarranted
At 22% of our FY14 forecast, CSE&rsquo s 2Q14 core earnings of S$8m (-6% yoy) was 15% below our expectation and 10% below consensus, mainly due to higher- than-expected income tax. 1H14 formed 43% of our full-year forecast. We lower our FY14 EPS forecast by 4% to factor in the miss, and our FY15-16 EPS estimates by 5% due to the higher tax rate. With growth outlook subdued and forward P/E valuation above its 5-year mean, we downgrade the stock to Reduce from Hold. Our CY15 P/E-based target price is raised as we roll forward to 2009-13 mean of 9x (previously 8x, 1 s.d. below its 2008-12 mean). De-rating catalysts could come from further earnings disappointments. An interim DPS of 1.25 Scts (~40% payout on 1H14 EPS) was declared.
Seem like buying back liao.
Anlysis expectation too high ?
Yes. it improve alot compare to last year 2Q.
Net cash position of S$11.4m v/s S$15.0m net debt in 2Q13
1.25 cts xd on 15 Aug.
Maybe pple buying for it div and hoping much more div on it full yr.
Octavia ( Date: 13-Aug-2014 13:18) Posted:
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Result not that bad.Interim dividend 1.25c and expect final dividend later when in 4Q 14 result is out.
The result seem no that bad.
Yesterday over sold liao.
So today bound back.
If it can continue to get more contract then may advance further.
Analysis expect more execiting result but below their expectation.
Expect more contract to win but never meet their target.
Hold rating was given .
Hope to see more contract winning.
dc16888 ( Date: 12-Aug-2014 09:55) Posted:
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After XD will gap down some more ..
Why Gap down again?
hp3000 ( Date: 11-Aug-2014 19:42) Posted:
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CSE records NET PROFIT OF S$8.0M in 2Q14
&bull Revenue rises by 16.3% to S$108.1m in 2Q14
&bull Receives new orders of S$95.4m in 2Q14
&bull Outstanding order book of S$194.7m at end of 2Q14
&bull Net cash position of S$11.4m v/s S$15.0m net debt in 2Q13
&bull Outlook: Directors optimistic of prospects in FY2014
Div 1.25 cts xd 15 Aug.