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CSE Global
22-02-2011, 08:42 AM,
Post: #21
RE: CSE Global
Business Times - 22 Feb 2011

CSE profit jumps 20% to $52.5m


By NISHA RAMCHANDANI

IT systems integrator CSE Global has reported a net profit jump of some 20 per cent to $52.47 million, while revenue rose 11 per cent to $448 million, for the financial year ended Dec 31, 2010. Earnings per share came to 10.47 cents, up from 9.17 cents.

The company said that it took a hit from the stronger Singapore dollar for FY10.

'At constant currency exchange rate, the FY10 revenue and profit after tax would have grown by 16.2 per cent and 24.9 per cent respectively,' it said in a release to the Singapore Exchange yesterday.

Revenue from the Asia-Pacific region was down nearly 5 per cent at $119.28 million due to lower revenue recorded from projects in China. However, profit (after tax, amortisation and minority interest) from the region was up 25.3 per cent on foreign exchange gains.

Meanwhile, the Americas and Europe/Middle East/Africa accounted for 34.6 per cent and 38.8 per cent respectively of total revenue, and 27 per cent and 41.2 per cent respectively of profit after tax and non-controlling parties.

CSE Global received $490.8 million worth of new orders in FY10 - of which $394.2 million remained outstanding as at Dec 31 last year - which is down 6.4 per cent from the $524.35 million worth of orders received in FY09.

Cash generated from operating activities helped it to repay $50.1 million of bank borrowings and subsequently improve its net gearing to zero per cent as at end FY10, compared to 38.6 per cent as at end FY09.

Its directors have recommended a first and final dividend of four cents per share subject to approval of shareholders at the upcoming annual general meeting on April 20. Once approved, the dividend will be paid out on May 16.

Looking ahead, CSE Global expects the business environment to stay positive.

'Taking into account the outstanding orders as at end of 2010 of $394.2 million . . . CSE is confident of a better performance in FY11 compared with FY10,' it said.

Shares in CSE Global fell seven cents in trading yesterday to close at $1.30.

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22-02-2011, 07:22 PM,
Post: #22
RE: CSE Global
CSE Global plunged to $1.21 today due to Mid-East fears. Certainly, interesting to see whether will the downward pressure continue this week. Would consider re-entering it if the price drops some more !

CIMB: CSE Global - 4Q10 Results - En route to growth

http://www.remisiers.org/cms_images/SIN-...202111.pdf

DBSV: Road bumps from Middle East

http://www.remisiers.org/cms_images/rese...d_DBSV.pdf

Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.

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23-02-2011, 02:38 PM,
Post: #23
RE: CSE Global
Today plunge until the lowest 1.13, where as Hyflux has recovered, and Boustead also not as steep, if it due to the middle east fear. Furthermore CSE global has no business in Libya or Egypt etc. Could it be overdone? Or due to the latest result?

Looking at the result it doesn't seem bad to me at all, things are inline with my expectation. and with the acquisition of ASTIB, it might help to improve the coming year result, let's hope so.

Or anyone spots something wrong in the result which i missed out?


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23-02-2011, 02:46 PM,
Post: #24
RE: CSE Global
DBSV mentioned that the unrest in Mid East will impact its order wins in the region this year.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.

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23-02-2011, 03:06 PM,
Post: #25
RE: CSE Global
Hi Nick,

Yup saw this "While CSE has no exposure in Egypt, an estimated 20% of revenue comes from Middle East, mainly Saudi Arabia, UAE & Qatar." So far these countries have been fine.

Besides CSE works for the oil and gas, in my opinion, no matter who runs the government, the oil will still run, this is where their money is. So if the oil business still going, they might still need CSE system.


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23-02-2011, 03:19 PM, (This post was last modified: 23-02-2011, 03:20 PM by Nick.)
Post: #26
RE: CSE Global
(23-02-2011, 03:06 PM)hongonn Wrote: Hi Nick,

Yup saw this "While CSE has no exposure in Egypt, an estimated 20% of revenue comes from Middle East, mainly Saudi Arabia, UAE & Qatar." So far these countries have been fine.

Besides CSE works for the oil and gas, in my opinion, no matter who runs the government, the oil will still run, this is where their money is. So if the oil business still going, they might still need CSE system.

Yes very true. But, in a bearish market, things can get a little 'irrational' at times. HYflux which deals with water (even more important than oil) has lost over 10% in the past week due to its exposure in MENA. In other words, a brave investor will be buying when there is blood in the streets haha !

(Not a call to buy or sell)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.

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06-04-2011, 09:39 AM, (This post was last modified: 06-04-2011, 10:13 AM by Nick.)
Post: #27
RE: CSE Global
CSE makes strategic inroad in the UK acute healthcare business market

http://info.sgx.com/webcoranncatth.nsf/V...penelement

(Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.

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06-04-2011, 10:00 AM,
Post: #28
RE: CSE Global
(06-04-2011, 09:39 AM)Nick Wrote: (Not Vested)

Hi Nick,

I thought you were a shareholder of CSE Global? Huh
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/

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06-04-2011, 10:14 AM,
Post: #29
RE: CSE Global
(06-04-2011, 10:00 AM)Musicwhiz Wrote:
(06-04-2011, 09:39 AM)Nick Wrote: (Not Vested)

Hi Nick,

I thought you were a shareholder of CSE Global? Huh

Ohh yea...wrote that subconsciously after I woke up LOL

It has been edited.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.

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06-04-2011, 10:38 AM,
Post: #30
RE: CSE Global
Haha, I see, Nick.

What are your thoughts on this announcement? I had thought CSE Global was into the oil and gas industry. Surprised that they also design Hospital Management Systems in the UK! (Then again, I don't know too much about the Company).

(Not Vested)
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/

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