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UOBKH research:
CSE Global (CSE SP, 544)
Technical BUY with 16.7% potential return
Last price: S$0.745
Target price: S$0.87
Protective stop: S$0.70
We maintain our technical BUY (updated on 25
July 14, featured on 26 Jun 14) with the same
target price of S$0.87 with protective stops
raised to S$0.70. The stock has rebounded on
a shallow retracement towards its rising 15-day
EMA and looks poised for a breakout. The 14-
day Stochastics indicator has hooked up and
may remain in the overbought region should
the stock continue on its upward trajectory.
Our retail research has a fundamental BUY
with a target price of S$0.88.
Expected timeframe: 2 weeks to 2 months
Its second quarter results for 2014 via SGXNet after trading hours on 11 August 2014.
Shld be good.
my target 0.80 is reaching,
broke 0.75, dh 0.77, dl 0.755
Take TP from financial institutions with a pinch of salt. They can change it within a day and we will be like what on earth is happening. Better to do our own research and use their TP only as a reference.
does not look like so, a pull back is normal after rise so many days...let' s see how later
thereserved ( Date: 30-Jul-2014 16:43) Posted:
Looks like the run is losing steam, sold at 0.725 last Friday.
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not sure how accurate uobkh prediction, found 0.715(uobkh call for buy0 is 200 MA.
Fibonacci projection 0.775 is 261.8%.
if not wrong, uob KH gave 0.88 tp
Looks like the run is losing steam, sold at 0.725 last Friday.
Ha ha... Thks! I never read news, only look at chart.
Octavia ( Date: 25-Jul-2014 14:17) Posted:
Current price hits AmFraser' s TP.Looks like more brokerage firms are upgrading the TP of this counter..
Octavia ( Date: 17-Jun-2014 15:31) Posted:
AmFraser Initiates coverage with Buy calla and $0.73 TP. O& G to spearhead growth. CSE derived 75% of its revenue from the O& G industry. We see a few key trends in play: 1) Growth in FPSO demand, 2) Greater refinery spending and 3) Buoyant LNG market as potential opportunities for CSE to capitalize on. We forecast the O& G industry to spearhead its growth, with expected earnings CAGR of 17% in the next 2 years. New management to stem decline in order wins. The company disappointed in terms of order flow as previous focus on clinching large greenfield projects did not come to fruition. New management plans to refocus its attention into clinching more brownfield and small greenfield projects, recapturing its lost market share in the process. We expect order wins to accelerate in 2H14 with FY14 forecast reaching S$403m, a 11% increase YoY. Maintenance to provide earnings stability. On top of the reported S$207m order book as of 1Q14, there is additional S$200m worth of maintenance orders not included which are recurring in nature and accounts for 45-50% of total revenue. New projects that are expected to start operation in the coming years such as the Australia LNG plants provide good opportunities for CSE to further boost contributions from its maintenance segment. Strong balance sheet for M& A. CSE has an outstanding track-record for growing earnings through acquisitions. The company is now in a net cash position, the first time in years following the divestment of its UK business. The added financial resource will aid in making a large acquisition for earnings growth visibility beyond 2015.
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but why sudden jump in price? and price jump is like steadily over the weeks.. is it bocs of the announcement of contracts lately?
Current price hits AmFraser' s TP.Looks like more brokerage firms are upgrading the TP of this counter..
Octavia ( Date: 17-Jun-2014 15:31) Posted:
AmFraser Initiates coverage with Buy calla and $0.73 TP. O& G to spearhead growth. CSE derived 75% of its revenue from the O& G industry. We see a few key trends in play: 1) Growth in FPSO demand, 2) Greater refinery spending and 3) Buoyant LNG market as potential opportunities for CSE to capitalize on. We forecast the O& G industry to spearhead its growth, with expected earnings CAGR of 17% in the next 2 years. New management to stem decline in order wins. The company disappointed in terms of order flow as previous focus on clinching large greenfield projects did not come to fruition. New management plans to refocus its attention into clinching more brownfield and small greenfield projects, recapturing its lost market share in the process. We expect order wins to accelerate in 2H14 with FY14 forecast reaching S$403m, a 11% increase YoY. Maintenance to provide earnings stability. On top of the reported S$207m order book as of 1Q14, there is additional S$200m worth of maintenance orders not included which are recurring in nature and accounts for 45-50% of total revenue. New projects that are expected to start operation in the coming years such as the Australia LNG plants provide good opportunities for CSE to further boost contributions from its maintenance segment. Strong balance sheet for M& A. CSE has an outstanding track-record for growing earnings through acquisitions. The company is now in a net cash position, the first time in years following the divestment of its UK business. The added financial resource will aid in making a large acquisition for earnings growth visibility beyond 2015.
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Tks for the info.
I am planning to keep the shares for a longer term to reap more dividend to fight inflation.Haha
dc16888 ( Date: 25-Jul-2014 13:55) Posted:
uobkh research: buy 0.715, target 0.88. Technical buy, potential return 21.6%.
what is ur target? my target 0.8
Octavia ( Date: 25-Jul-2014 13:41) Posted:
Still holding tighly to my shares in this counter.
What did UOB KH broker says?Can share their finding?
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uobkh research: buy 0.715, target 0.88. Technical buy, potential return 21.6%.
what is ur target? my target 0.8
Octavia ( Date: 25-Jul-2014 13:41) Posted:
Still holding tighly to my shares in this counter.
What did UOB KH broker says?Can share their finding?
dc16888 ( Date: 25-Jul-2014 13:14) Posted:
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Still holding tighly to my shares in this counter.
What did UOB KH broker says?Can share their finding?
dc16888 ( Date: 25-Jul-2014 13:14) Posted:
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hits 0.73,
dc16888 ( Date: 21-Jul-2014 13:40) Posted:
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0.73 coming
Has been running up bit by bit everyday, maybe something is brewing, wonder what is it
hp3000 ( Date: 21-Jul-2014 11:24) Posted:
Haha most of us have gone through pay $ and learn state.
Lucky for you that this stock foundation is good.
Some stock after div keep sinking never went up.
daffytlh ( Date: 17-Jul-2014 22:54) Posted:
| Yah I did. I bot 1 dollar plus per share.It was after 28 ct was given out the share price kept dropping till 59.5 ct...i bot a bit more at 70 plus cent shortly after the drop (greedy me) ..now I am holding to wait for dividend every 6 mths hopefully can cover back and square off...it was one of the first few shares I bot as newbie back then last year n pretend to be smart loh..sigh. |
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Haha most of us have gone through pay $ and learn state.
Lucky for you that this stock foundation is good.
Some stock after div keep sinking never went up.
daffytlh ( Date: 17-Jul-2014 22:54) Posted:
Yah I did. I bot 1 dollar plus per share.It was after 28 ct was given out the share price kept dropping till 59.5 ct...i bot a bit more at 70 plus cent shortly after the drop (greedy me) ..now I am holding to wait for dividend every 6 mths hopefully can cover back and square off...it was one of the first few shares I bot as newbie back then last year n pretend to be smart loh..sigh..
hp3000 ( Date: 17-Jul-2014 21:25) Posted:
Didn' t you took the 28 cts plus another 3 cts dividen ?
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