- CSE Global's 1Q23 revenue of S$159m (+36% y-o-y) was in line, forming 26% of our full-year estimate. The higher revenue was mainly attributable to growth in infrastructure revenue in Australia and the Americas region as well as contributions from recent new acquisitions.
- - Read this at SGinvestors.io -
- CSE Global offers an attractive 2023 dividend yield of around 8%. Maintain BUY and target price of S$0.42.
Revenue in line withexpectations, infrastructuresegment deliveredrobust 60%growth.
- CSE Global (SGX:544)’s 1Q23 revenue of S$159m (+36% y-o-y) was in line, forming 26% of our full-year estimate. Revenue achieved growth across all geographical regions.
- - Read this at SGinvestors.io -
- Infrastructure revenue surged by 60% y-o-y in 1Q23, mainly driven by higher revenue contributions in Australia and the US, and contribution from the new acquisitions.
Healthy order wins.
- 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/ 2023-05-16
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
