- 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 the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Jarick Seet Maybank Research | https://www.maybank.com/ 2024-11-08
Previous report by Maybank:
2024-11-04 CSE Global - Revenue Growth On Track.
Price targets by 2 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
