- 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 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/ 2024-09-11
Previous report by UOB:
2024-07-08 CSE Global - Outlook Remains Positive, Backed By Healthy Orderbook & Pipeline Of New Projects.
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
