CSE Global

[karlmarx]

Interesting development at CSE as a Malaysian engineering outfit has emerged as a new SSH with 24.8%.

Equally interesting is that this stake is acquired from the institutional shareholders.

http://infopub.sgx.com/FileOpen/_Form%20...eID=499186

[swn]

Interesting development at CSE as a Malaysian engineering outfit has emerged as a new SSH with 24.8%.

Equally interesting is that this stake is acquired from the institutional shareholders.

http://infopub.sgx.com/FileOpen/_Form%20...eID=499186

I thought the new substantial shareholder bought at $0.45, why the market price is selling at $0.42, cum div some more?

[cyclone]

First Quarter 2018 Results ("1Q18")

Highlights :
* Revenue growth of 23.7% across all industry segments
* Strong net profit growth of 90% on the back of revenue growth and resilient gross margin
* The basic earnings per ordinary share for 1Q18 was 1.11 cents (1Q17: 0.58 cents)
* Lower order intake of S$68.9m due to seasonally slow quarter,  a decrease of 41.5% year on year
* Remains in net cash position
* In 1Q18, the Group generated a cash outflow from operations of S$5.3 million, mainly from increased work-in-progress and payment of accounts payables brought forward from FY2017
* CSE expects its performance to be profitable for the current financial year.

More details in :
1. http://infopub.sgx.com/FileOpen/CSE%20Gl...eID=504698
2. http://infopub.sgx.com/FileOpen/CSE%20Gl...eID=504699
3. http://infopub.sgx.com/FileOpen/CSE%20Gl...eID=504700

[cyclone]

CSE secures $84.8m infrastructure project contracts in Q4 2018

CSE Global Limited ( announced today that the Group has secured infrastructure project contracts with a combined value of S$84.8 million in Q4 2018, bringing the full year 2018 orders to S$150.5 million, registering a 43.6% increase over S$104.9 million for 2017. These new orders including government contracts in Singapore involved projects ranging from process control solutions and systems, telecommunication and security systems, and maintenance works.

More details in http://infopub.sgx.com/FileOpen/CSE%20An...secures%20$84.8m%20infrastructure%20project%20contracts%20in%20Q4%202018.ashx?App=Announcement&FileID=540374

[cyclone]

Financial Results for the Full Year Ended 31 December 2018 ("FY2018")

Highlights :
1. Revenue grew 4% to S$376.8 million from S$362.4 million in FY2017
2. Gross margin improved to 27.9% in FY2018 as compared to 26.0% in FY2017, mainly due to the improving margin mix from the Americas region
3. Profit after tax and non-controlling interests (before exceptional items) rose by 50.8% yoy to S$20.1 million in FY2018 from S$13.3 million in FY2017
4. Basic earnings per ordinary share for FY2018 was 3.95 cents as compared with FY2017 loss per share of 8.75 cents
5. Strong cash inflow from operations of S$56.3 million more than doubled net cash position to S$37.9 million
6. Proposed final dividend of 1.5 Singapore cents per share
7. New orders received for FY2018 grew to S$384.2 million from S$381.9 million in FY2017
8. Group expects improvement in financial performance for FY2019 while continuing to explore M&A opportunities.

More details in :
1. http://infopub.sgx.com/FileOpen/CSE_Glob...eID=544265
2. http://infopub.sgx.com/FileOpen/CSE_Glob...eID=544266
3. http://infopub.sgx.com/FileOpen/CSE_Glob...eID=544267

[cyclone]

Acquisition of New Subsidiary

CSE Global Ltd announced that CSE Crosscom Pty Ltd, an indirect wholly-owned subsidiary of the Company, has entered into a share purchase agreement to acquire 100% of the issued share capital of RCS Telecommunications Pty Ltd ("RCS"), an Australian limited liability company, from eight shareholders (the "Sellers"). The Sellers are not related to the Company, its directors, its subsidiaries or its controlling shareholders.

RCS is principally engaged in communications networking and 2-way radio systems design & implementation. RCS will, upon completion of the Proposed Acquisition, become an indirect wholly-owned subsidiary of the Company.

The aggregate consideration for the Proposed Acquisition is A$11.64 million (approximately S$11.26 million), subject to closing adjustments to the accounts at completion date. The consideration was arrived at on a willing-buyer, willing-seller basis, taking into account various factors such as the existing customer contracts and assets, intellectual property, goodwill, and business prospects of RCS. The consideration will be satisfied wholly in cash. Based on unaudited financial statements as at 30 June 2018, the net tangible asset value of RCS is A$7.1 million (approximately S$6.9 million).

More details in https://links.sgx.com/FileOpen/CSE_Ann_-...eID=548338

[cyclone]

CSE secures two new contracts in Americas regions

CSE Global Limited announced today that its Americas region has secured two new oil and gas project contracts worth US$74.7 million (approximately S$103.7 million). These new orders involve projects ranging from design, fabrication and construction, engineering and integration of production control systems and equipments, and chemical injection pump skids to support production of subsea wells, operation of subsea gas trunk lines and other subsea infrastructure, specifically the subsea production well control system, chemical injection systems, annulus pressure management systems.

More details in https://links.sgx.com/FileOpen/CSE_Ann_-...eID=583395

[cyclone]

CSE secures S$580m in new orders for 2019

CSE Global Limited today announced that for the fourth quarter of 2019 ("4Q19"), its business sectors secured about S$230 million of new orders, bringing the full year 2019 order intake to approximately S$580 million. The new orders in 4Q19 included the recent major orders for the two new oil and gas project contracts in the Americas region worth US$74.7 million (approximately S$103.7 million) which was announced on 29 October 2019.

About S$190 million of new orders were secured by the Group’s Oil & Gas sector in 4Q19, bringing the full year 2019 new orders to about S$430 million, compared to S$218 million in 2018. The onshore oil and gas business registered a 21% year-onyear growth while the offshore oil and gas business saw a 15% year-on-year growth.

Another S$25 million were secured by the Infrastructure sector, bringing its total contract wins in 2019 to about S$100 million.

The Mining Sector clinched about S$16 million of new orders in 4Q19, bringing its total 2019 new orders to about S$50 million.

With these new orders, the order book as at 31 December 2019 had exceeded S$300 million.

[BlueKelah]

CSE secures S$580m in new orders for 2019

CSE Global Limited today announced that for the fourth quarter of 2019 ("4Q19"), its business sectors secured about S$230 million of new orders, bringing the full year 2019 order intake to approximately S$580 million. The new orders in 4Q19 included the recent major orders for the two new oil and gas project contracts in the Americas region worth US$74.7 million (approximately S$103.7 million) which was announced on 29 October 2019.

About S$190 million of new orders were secured by the Group’s Oil & Gas sector in 4Q19, bringing the full year 2019 new orders to about S$430 million, compared to S$218 million in 2018. The onshore oil and gas business registered a 21% year-onyear growth while the offshore oil and gas business saw a 15% year-on-year growth.

Another S$25 million were secured by the Infrastructure sector, bringing its total contract wins in 2019 to about S$100 million.

The Mining Sector clinched about S$16 million of new orders in 4Q19, bringing its total 2019 new orders to about S$50 million.

With these new orders, the order book as at 31 December 2019 had exceeded S$300 million.

Still waiting for this bugger to drop below 40c again  should come down nicely when oil price crashes back to $30.

[¯|_(ツ)_/¯]

7 July 2020 Temasek acquired 25.03% CSE Global from Serba Dinamik International Ltd
https://links.sgx.com/FileOpen/CSE_-_New...eID=622969

Wear mask and keep your social distance, everyone.