- Maintain BUY rating on CSE Global with an unchanged CSE Global's target price of S$0.59.
- - Read this at SGinvestors.io -
- CSE Global also divested a US property for US$29m, with plans to reinvest the proceeds into a larger facility while continuing to lease the divested property. This reflects its plans to capitalise on future opportunities in the electrification sector.
Legal proceedings by US subsidiary against customer; expect limited impact.
- - Read this at SGinvestors.io -
- CSE Global believes the call was unjustified and is actively seeking to recover the amount.
- While the legal proceedings are still in the early stages, we expect the US$6m to be recovered, resulting in minimal impact on CSE Global’s FY24 performance.
Divestment of US facility to pave way for further expansion.
- 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/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-01-07
Read also UOB's most recent report:
2025-02-27 CSE Global - Strong Earnings Beat In 2024, Gearing Up For Expansion..
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 Dividend Payout Dates & Corporate Actions,
CSE Global News
