CSE Global

CSE’s board has proposed an interim dividend of 1.25 cents for the half-year period, the same as last year. The interim dividend will be paid on September 15.

Technology solutions provider CSE Global says it has secured some $114.9 million of new orders in 2Q20, an 8.5% increase from the $105.9 million secured in 2Q19.

While the global Covid-19 scenario remains uncertain, RHB analysts Lee Cai Ling and Jerrick Seet see CSE Global as a counter with attractive value.

"We think CSE’s padded order backlog will cushion it in these tough times," says CGS-CIMB analyst Cezzane See

“So far for us, there has been no material negative impact on our operations till March, but we are not sure how our order book and revenue will pan out from April onwards,” says CSE’s Managing Director.

DBS Research Group is maintaining its “buy” call on oil, gas and telecommunications operator CSE Global, but at a revised target price of 54 cents.

Engineering services provider CSE Global has announced $127.2 million worth of new orders for 1QFY2020.

CSE Global currently has more than 1,500 employees worldwide and operates a network of 41 offices across the globe.

The offshore and marine (O&M) sector has struggled with a string of macroeconomic uncertainties related to the US-China trade tensions and Brexit, but these have since been overshadowed by the Covid-19 outbreak. KGI analyst Joel Ng iden

“CSE remains our preferred small-cap oil and gas pick due to its i) earnings growth potential, 2) sustained dividend and 3) padded backing,” explains CGS-CIMB analyst Cezzane See.