On 6 August 2024, CSE Global Ltd (“CSE”) have announced their half year result for FY2024. Their revenue continued to increase which is able to translate to profits from operations. With the strong earnings, it looks like CSE can sustain their dividend payout despite the large shareholder base. CSE still has a high gearing ratio, therefore they are reliant on external sources to fund their operations. Do note that this article is based on a snapshot of CSE’s performance for the first half of FY2024. On 10 September 2024, there is an announcement that CSE agrees to a USD8 million (approximately SGD10.5 million) settlement with customer of subsidiary. This is substantial as CSE generated SGD15 million profits in the first half of FY2024. If extrapolated, this will amount to profits of SGD30 million for the full financial year, and the settlement of SGD10.5 million will be approximately 35% of its...