CSE Global - Weakness subsides | I3investor

Blogs Headlines

Singapore Stock Market News

CSE Global - Weakness subsides

StockFanatic

Publish date: Wed, 12 Nov 2014, 05:20 PM

At 72% of our FY14 forecast, we deem CSE's 9M14 core net profit of S$25.0m as in line with expectations. 3Q14 core net profit of S$9.4m was in line, at 27% of our FY14 forecast, following four consecutive quarters of earnings misses. We trim FY14 EPS by 2% due to higher taxes but keep our FY15-16 EPS forecasts. Given its stabilising operations and FY14-16 dividend yields of 4-5% that would be supportive of valuations, we turn positive on CSE and upgrade it from Reduce to Hold. Our target price is raised as we roll over to 9x CY16 P/E (its 5-year mean) from 9x CY15 P/E. We will revisit the stock once there are stronger-than-expected earnings and orders.

More articles on Singapore Stock Market News

Market Commentary: Record highs on trade, vaccine developments

Created by StockFanatic | Aug 26, 2020

Market Commentary: Record highs on trade, vaccine developments

Created by StockFanatic | Aug 26, 2020

Market Commentary: Data help US market end week on a high note

Created by StockFanatic | Aug 24, 2020

Market Commentary: Data help US market end week on a high note

Created by StockFanatic | Aug 24, 2020

Market Commentary: And they are back, with S&P within inches of record high close

Created by StockFanatic | Aug 13, 2020

Market Commentary: And they are back, with S&P within inches of record high close

Created by StockFanatic | Aug 13, 2020

Market Commentary: Winning streak snaps

Created by StockFanatic | Aug 12, 2020

Market Commentary: Winning streak snaps

Created by StockFanatic | Aug 12, 2020

Market Commentary: US negotiations over stimulus continue amid diplomatic tensions

Created by StockFanatic | Aug 11, 2020

Market Commentary: US negotiations over stimulus continue amid diplomatic tensions

Created by StockFanatic | Aug 11, 2020

Discussions

Be the first to like this. Showing 0 of 0 comments

Post a Comment

Featured Posts

MQ Chat

New Update. Discover investment communities that resonate with your ideas

VCPlus

Trade Confidently & Analyze Charts Conveniently - Download VCPlus IOS & Android App Now!

Latest Videos

New IPO: Supreme Consolidated Resources Berhad, a distributor and warehouser of F&B products, aims to list on the ACE Market!

0:17

New IPO: Supreme Consolidated Resources Berhad, a distributor and warehouser of F&B products, aims to list on the ACE Market!

MQ Trader 128 views | 8 d ago

New IPO: O&G healthcare service provider, Metro Healthcare Berhad aims to list on the Ace Market!

0:17

New IPO: O&G healthcare service provider, Metro Healthcare Berhad aims to list on the Ace Market!

MQ Trader 2368 views | 16 d ago

M & A Value Partners IPO Equity Fund

0:43

M & A Value Partners IPO Equity Fund

MQ Trader 10108 views | 3 mo ago

MQ Market Updates - 15 November 2024

0:15

MQ Market Updates - 15 November 2024

MQ Trader 47 views | 11 h ago

MQ Market Updates - 14 November 2024

0:16

MQ Market Updates - 14 November 2024

MQ Trader 73 views | 1 d ago

Apps

Send individual or group chats with anyone on i3investor

Earn MQ Points while trading with MQ Trader

MQ Affiliate

Earn side income from Affiliate Program

Online learning and teaching marketplace

Top Articles

1

RHB Investment Research Reports

Riverstone - Growth Remains Intact; Maintain BUY

2

CEO Morning Brief

Singapore Airlines Vows to Expand Capacity Despite Rising Competition

3

RHB Investment Research Reports

Venture Corp - Soft Demand Delaying 2H Recovery; Maintain BUY

4

SGX Market Dialogues

Kopi-C With Fortress Minerals’ CEO: ‘Our Goal Is to be a Great Malaysian Mining Company’

5

RHB Investment Research Reports

Singtel - Solid EBIT Delivery; Keep BUY

Hot Stocks Today >

1

1000

2

DBS Group Holdings Ltd

365

3

Oversea-Chinese Banking Corporation Ltd

332

4

United Overseas Bank Ltd

286

5

Singapore Airlines Ltd

271

6

CapLand Ascendas REIT

Ascendas Real Estate Investment Trust

262

7

CapLand IntCom T

256

8

Singapore Telecommunications Ltd

255

9

Mapletree Log Tr

Mapletree Logistics Trust

248

10

Keppel DC Reit

Keppel DC REIT

242

Daily Stocks

HSI 22000MBeCW241230

0.039

-0.003

153,544,500

HSI 21800MBeCW250127

0.065

0.00

58,007,500

HSI 21400MBeCW241230

0.05

0.00

56,600,000

HSI 23200MBeCW250127

0.042

-0.001

42,574,300

Genting Sing

0.775

+0.01

41,518,400

Man Oriental USD

1.79

+0.09

34,538,825

CapLand IntCom T

1.98

+0.01

29,808,900

Seatrium Ltd

1.86

-0.03

29,682,900

HSI 18200MBePW241230

0.07

-0.003

28,327,500

YZJ Shipbldg SGD

2.54

-0.01

23,366,700

More active Stocks

236.96

+1.46

3,105

42.08

+1.04

322,000

JD 5xShortSG260513

2.88

+0.384

1,000

12.79

+0.38

1,216,600

36.37

+0.37

2,809,100

317.96

+0.32

1,102

NVDA 3xLongSG261006

8.32

+0.291

3,000

TESLA 3xShortSG261006

1.135

+0.257

50,100

META 3xShortSG261006

4.26

+0.248

1,000

AMZN 3xShortSG261006

2.51

+0.207

2,000

More gainer Stocks

SPDR S&P500 US$

592.00

-7.30

560

TESLA 3xLongSG261006

8.18

-1.878

4,500

XT SingGovBond SG$

151.05

-1.00

50

Nasdaq 7xLongUB250922

11.93

-0.827

100

NetEase 5xShortSG250320

0.245

-0.426

74,600

XT Vietnam US$

24.45

-0.22

3

S&P 7xLongSG260226

3.37

-0.218

12,100

DBS 5xLongSG250716

6.29

-0.147

6,600

NetEase 5xShortUB251128

0.111

-0.146

1,300

Geely 5xLongSG251113

0.36

-0.143

213,000

More loser Stocks

Featured Advertisers / Partners

Top Brokers >

1

CGS-CIMB Securities

2

Citibank Brokerage

3

DBS Vickers

4

iFAST Financial Pte Ltd (FSMone)

5

KGI Securities

Books Review >

Ride The Bull Short The Bear

CS Tan

4.9 / 5.0

This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....