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:
2025-11-12 CSE Global - Game-changing Partnership With Amazon; Raise Target Price By 44%.

Previous report by UOB:
2025-10-23 CSE Global - Hopeful Of More Order Wins; Positive Outlook Maintained.

Price targets by 2 other brokers at CSE Global Target Prices.

Listing of research reports at CSE Global Analyst Reports.

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CSE Global Dividend Payout Dates & Corporate Actions,
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