CSE Global - UOB Kay Hian 2024-09-11: Maintain Positive View On Cse For Its High Growth Trend

• CSE Global announced arbitration proceedings between its US subsidiary, Hankin, and its customer, involving losses from construction project delays in the US. Both parties agreed to a settlement of US$8m on 8 Sep 24, to be paid by Hankin. We view this as a one-off impact for 2024 and continue to like CSE for its robust order pipeline.
• - Read this at SGinvestors.io -

Temporary Setback From Settlement Loss

Arbitration proceedings between US subsidiary and customer.

• CSE Global announced arbitration proceedings between its wholly-owned US subsidiary – Hankin Environmental Systems, Inc. (Hankin) – and its customer, which began on 3 Sep 24.
• - Read this at SGinvestors.io -

Settlement reached on 8 Sep 24.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2026-03-26 CSE Global - Positive On Record-high Data Centre-led Orders; Strong Growth Trajectory.

Previous report by UOB:
2025-11-24 CSE Global - Well-positioned For Huge Data Centre Projects.

Price targets by 3 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 Dividend Payout Dates & Corporate Actions,
CSE Global News