- CSE Global (SGX:544)'s 1H22 revenue stood at $262.2m, 11.8% higher y-o-y. This represents 55% of our full year forecasts.
- The higher revenues can be ascribed to a 47.9% growth in infrastructure revenues in Australia and the Americas region.
- - Read this at SGinvestors.io -
- The mining and minerals segment grew 18.4% y-o-y on the back of stable commodity prices and higher mining activities.
- - Read this at SGinvestors.io -
- the newly acquired subsidiaries (+S$2.7m),
- increased staffing costs (+S$1.8m),
- selling & distribution expenses (+S$1.8m), and
- upkeep of building and equipment cost (+S$1.1m).
CSE Global - Outlook
Outlook more promising except for the absence of large greenfield projects in the traditional energy sector.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Lee Keng LING DBS Group Research | Singapore Research Team DBS Research | https://www.dbs.com/insightsdirect/ 2022-08-16
Read also DBS's most recent report:
2023-03-01 CSE Global - Earnings Delivery Hinges On Execution.
Price targets by 3 other brokers at CSE Global Target Prices.
Listing of research reports at CSE Global Analyst Reports.
Relevant links:
CSE Global Share Price History,
CSE Global Announcements,
CSE Global Dividends & Corporate Actions,
CSE Global News Articles