Singapore Stock Market News
CSE Global - 2Q18F preview: Systems still go
StockFanatic
Publish date: Wed, 18 Jul 2018, 11:00 AM
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■ We assume steady revenue from O&G and infrastructure projects, and overall GPM of 26.8%.
■ 2Q18F interim DPS of 1.25 Scts (1Q17:1.25 Scts) should be intact given likelihood of positive operating cashflows as large projects hit billing milestones in 2Q/3Q18F.
■ We maintain our Add call and target price. We favour CSE for its net cash position, dividend yield of 6.1% and sustained earnings recovery in FY18F. Read More
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