- CSE Global (SGX:544) said it secured S$186.2m of orders in 1Q24, 16.7% higher y-o-y and excluding the S$49.2m data centre contract announced on 18 Apr, signalling a potentially much strong 2Q24 order intake.
- - Read this at SGinvestors.io -
Proxy for electrification and data centres
- With better operating leverage due to strong revenue growth, as witnessed in FY23, we believe margins should continue to improve from 3.1% In FY23 to 3.5-4.0% in FY24E. This would justify our 26% core FY24E EPS growth forecast for CSE Global.
- CSE Global remains one of our conviction picks and is a rare proxy for electrification/AI/data centres. Maintain BUY.
Electrification will be major growth driver
- - Read this at SGinvestors.io -
- We expect electrification to be one of the main growth drivers for CSE Global in the next 2-3 years.
A key beneficiary of AI boom and data centres
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Jarick Seet Maybank Research | https://www.maybank-ke.com.sg/ 2024-05-01
Read also Maybank's most recent report:
2024-09-10 CSE Global - A Bump In The Road, Hit By A US$8mil Settlement Claim.
Previous report by Maybank:
2024-09-08 CSE Global - Visit To Electrification Business In Houston.
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
