- CSE Global’s US subsidiary is filing legal proceedings in Texas against a customer who called on the counter standby letter of guarantee (SBLC) worth US$6m.
- We remain optimistic about CSE Global’s prospects and maintain BUY and CSE Global's target price of S$0.60.
Retrieving the US$6m SBLC
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Commencement of legal proceedings
- CSE Global believes the call on the SBLC by the customer was frivolous and without merit. We believe that both parties are likely to reach an agreement and CSE Global is likely to retrieve the US$6m, as the project is not completed and it would cost the customer much more to change to another vendor.
Order wins should pick up going forward
- 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.maybanktrade.com.sg/ 2024-12-30
Read also Maybank's most recent report:
2025-01-06 CSE Global - Validation Of Electrification Prospects.
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
