CSE Global - UOB Kay Hian 2025-05-16: 1q25 In Line; Slight Earnings Revision On US Dollar Weakness.

• The Singapore dollar’s recent strength against the US dollar poses an earnings risk, partly mitigated by CSE Global’s recent accretive acquisition. Orderbook stood at a healthy S$616m, supported by S$155m in 1Q25 order wins.

1Q25 largely in line with expectations.

• - Read this at SGinvestors.io -

Steady revenue growth.

• Communications revenue rose 7% y-o-y to S$58m, supported by new contributions from the acquisition of RFC Wireless.
• Automation revenue surged 20% y-o-y to S$50m, underpinned by increased work on control systems projects in the US.
• - Read this at SGinvestors.io -

Orderbook remains healthy.

• CSE Global recorded a healthy orderbook of S$616m as of 31 Mar 25, driven by order wins of S$155m (-11% y-o-y).
  • 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/.

Previous report by UOB:
2025-02-27 CSE Global - Strong Earnings Beat In 2024, Gearing Up For Expansion..

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 Dividend Payout Dates & Corporate Actions,
CSE Global News