- 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 the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2023-03-01
Read also UOB's most recent report:
2024-07-08 CSE Global - Outlook Remains Positive, Backed By Healthy Orderbook & Pipeline Of New Projects.
Previous report by UOB:
2024-05-13 CSE Global - 1Q24 Revenue In Line; Steady Order Wins Reaffirm 2024 Outlook.
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 Dividends & Corporate Actions,
CSE Global News Articles
