- 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 the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-01-07
Previous report by UOB:
2024-11-26 CSE Global - Potential Beneficiary Of More Data Centre Projects.
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
