CSE Global - Maybank Research 2025-08-07: Data Centre Segment Ramping Up

• CSE Global announced 2Q25 order intake of S$211.3m, 3.8% higher y-o-y and 36% higher q-o-q despite the 10% depreciation of the US$ against S$. We expect DC order growth to rapidly gain speed and believe 2H order wins will be much stronger due to larger size project tenders in 2H25 and 2Q’s q-o-q improvement substantiates our view.

Data centre order growth likely to boost further.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Q-o-q order growth – 2H stronger order wins expected.

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-11-11 CSE Global - Riding With Amazon On Its Data Centre Expansion.

Previous report by Maybank:
2025-10-17 CSE Global - Large Data Centre Orders Likely Incoming.

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