Singapore Stock Market News

CSE Global - Not exciting yet

StockFanatic
Publish date: Tue, 12 Aug 2014, 11:04 PM
StockFanatic
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■ 1H14 profit of S$15.6m (-9% y-o-y) & interim DPS of 1.25 Scts were inline

■ Weak order backlog of S$195m (-29% y-o-y) continues to concern us

Maintain HOLD with revised TP of SS0.70 as we rollover our valuation. The strategy of focusing on smaller contract wins may provide stability at the cost of growth in our view.
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