CSE Global - UOB Kay Hian 2025-08-08: Expect Positive Catalyst From More Order Wins; Raise Target Price By 39%

CSE Global: Expect Positive Catalyst From More Order Wins; Raise Target Price By 39%

Published:
CSE Global (SGX:544) | SGinvestors.io
  • CSE Global's announcements a business update ahead of its 2Q25 results release. Key operational metrics were shared, with 1H25 revenue forming 51% of our full-year forecast and indicating a stable revenue and earnings on a y-o-y basis, largely in line with expectations.
  • - Read this at SGinvestors.io -

Steady order intake despite forex headwinds.

  • CSE Global secured S$211.3m in new orders in 2Q25, marking a 3.8% y-o-y increase. Growth was weighed down by the unfavourable forex impact of the weaker US$ and A$.
  • - Read this at SGinvestors.io -

Electrification and communications segments post strong growth.

  • The electrification segment was the largest contributor in 2Q25, securing S$94.8m in new orders (+5.5% y-o-y) or 45% of total orders. This was supported by sustained demand from the data centre market.
  • The communications segment recorded S$72.4m in new orders (+17.6% y-o-y), or 34% of total orders, bolstered by contract wins for the design, installation, and maintenance of advanced communications infrastructure for a major data centre project slated for execution from 2025 to 2028.
  • The automation segment remained a stable contributor, delivering S$44.1m in new orders (21% of total orders).

Growth led by data centre demand.

  • 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/ 2025-08-08



Read also UOB's most recent report:
2025-08-18 CSE Global - 1H25 Earnings Steady, Positioned For Data Centre Upside.

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






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