CSE Global - Maybank Research 2024-11-08: Beneficiary Of Trump 2.0

• With Trump advocating for lower energy prices and boosting production in the US, this may be hugely beneficial for CSE Global.
• As of 9M24, CSE Global's orders from the energy sector declined 3.7% y-o-y to S$237m, but this could drastically rebound during the Trump administration.

Trump likely to boost US oil production

• - Read this at SGinvestors.io -
• While activities in the US O&G space over the past few years were muted, which caused CSE Global to pivot towards electrification projects, revival of this space would put CSE Global in a sweet spot to win projects and boost its order book and profitability even further.
• - Read this at SGinvestors.io -

Order wins should pick up in 4Q24E

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-11-11 CSE Global - Riding With Amazon On Its Data Centre Expansion.

Previous report by Maybank:
2025-10-17 CSE Global - Large Data Centre Orders Likely Incoming.

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

Listing of research reports at CSE Global Analyst Reports.

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