On 27 February 2024, CSE Global Ltd (“CSE”) have announced their 2023 full year result. They have seen significant improvements in the second half of 2023 and are able to generate sufficient cashflow from operations to sustain their dividend payout. This is a good reversal from the downtrend noted in 2022, and if the trend continues will be able to further strengthen their financial position and provide investors with a peace of mind for future dividend payouts.

Take note however that on 14 March 2024, the company has made a proposed placement of 60 million new ordinary shares for an aggregate consideration of SGD24 million. The use of this proceeds will be to increase resources available to it to pursue further inorganic growth through strategic acquisitions or investments primarily in its existing markets, including the United States of America, Australia and New Zealand. It would seem that CSE is now