CSE Global – Strong Order Wins
By SmallCapAsia  •  August 19, 2022
Excerpts from UOBKayHian  report

CSE Global (SGX: 544)

CSE Global reported a strong order intake of S$232m (+119% yoy) in 1Q22 due to a major contract for the data-centre and wastewater markets in the Americas region, bringing its orderbook to S$344m (+49% yoy). However, CSE continued to face supply chain constraints which delayed the delivery of new equipment or components. These challenges will continue to impact CSE’s earnings for 1H22. Maintain HOLD and target price of S$0.44.

CSE Global strong order intake

CSE Global’s (CSE) order intake surged by 118.8% yoy to S$232.3m. This is attributed to a major contract secured to provide engineering solutions for the data-centre market and higher field services orders for the wastewater market in the Americas region There is also stronger orders of radio communication equipment and solutions led by utility and renewables customers in Australia. In total, these boosted CSE’s orderbook to S$344m...
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