- We believe that CSE Global will likely secure large orders towards the end of the year, especially on the data-centre front where they are refocusing their efforts onto, as well as local government contracts.
- - Read this at SGinvestors.io -
Gross and net margins likely to improve
- CSE Global’s gross and net margins for 1H25 both improved to 27.9% and 3.7%, respectively, from 27.6% and 3.5% in 1H24. Revenue grew 2.8% y-o-y to S$440.9m despite the depreciation of US$ vs S$.
- - Read this at SGinvestors.io -
Larger data centre order wins to be expected
- CSE Global made a strategic move to reserve capacity and focused on clients in the data centre and utility spaces.
- CSE Global, in Aug 2025, unveiled a S$59m data centre extension order from its existing US hyperscaler customer. The first order was S$20+m 3 years ago and a second was secured in Apr 2024 at S$49m followed by the third in Aug 2025. The speed as well as contract sizes have been increasing and we believe this will likely continue.
- CSE Global is also in the midst of qualifying with another 1-2 hyperscaler clients and a win would add significant earnings growth for FY26-28E. .
Capacity to triple, which points to more orders
- Read more at SGinvestors.io.
