CSE Global - UOB Kay Hian 2023-03-01: 2022 Earnings Below Expectations Due To One-Offs; Attractive Yield Of ~8%

• CSE Global's 2022 earnings of S$4.8m (-68% y-o-y) missed our expectations due to one-off restructuring and project overrun costs of S$7.2m. 2022 orderbook increased 109% y-o-y to S$480m.
• Most importantly, the final dividend was maintained, indicating a dividend yield of ~8% which is a positive signal.
• - Read this at SGinvestors.io -

CSE Global's FY22 earnings below expectations.

• CSE Global (SGX:544)’s 2022 earnings of S$4.8m (-68% y-o-y) missed our expectations by about 50% due to one-off restructuring and project overrun costs of S$7.2m. This is not a major surprise as CSE Global had cautioned these in a profit warning earlier.
• - Read this at SGinvestors.io -

Revenue growth driven by infrastructure segment.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-11-12 CSE Global - Game-changing Partnership With Amazon; Raise Target Price By 44%.

Previous report by UOB:
2025-10-23 CSE Global - Hopeful Of More Order Wins; Positive Outlook Maintained.

Price targets by 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 Dividend Payout Dates & Corporate Actions,
CSE Global News