- CSE Global (SGX:544) secured a S$49.2m extension to an existing contract. We believe this increases the chances of another extension in the future. It also demonstrates CSE’s capabilities, especially in the cloud/AI-data-centre market, and it should be able to secure more data centres from new customers in the near future.
- - Read this at SGinvestors.io -
Data centres – a new growth market
- The S$49.2m extension is to a contract secured in 1Q22 from a US customer for a data centre. The extension is for the design, engineering, fabrication, installation and integration of power management systems and solutions, which is set to start from 2Q24 to 4Q25.
- - Read this at SGinvestors.io -
- We expect CSE Global to continue to benefit from this and secure more and larger contracts from existing and new customers in the US.
Placement to fund strategic/accretive acquisitions
- Read more at SGinvestors.io.
