- We believe that CSE Global (SGX:544) will perform well in 1H24E and its strong order momentum win rate will likely continue. We also believe that a substantial shareholder, who had been paring down their stake since 2023 has likely pared all their stake. This would be positive for CSE as the overhang suppressing the share price is likely gone.
- - Read this at SGinvestors.io -
Order win momentum likely to continue
- We expect CSE's order wins for 2Q24E to remain strong with double-digit growth y-o-y due to its strong pipeline of infrastructure projects from the US. This will likely boost its already robust order-book, which is also a good indicator of its potential revenue going forward.
A key beneficiary of AI boom and data centres
- - Read this at SGinvestors.io -
- AI technology and data centres require huge amounts of energy to develop and run and will benefit power management system integrators like CSE.
Potential buybacks and accretive acquisitions
- Read more at SGinvestors.io.
