SINGAPORE (Nov 19): DBS Vickers Securities has lowered its FY15F and FY16F earnings per share forecasts for CSE Global by 2% and 5% respectively to account for the lack of “large” greenfield order wins.

It says the system integrator that provides automation and telecom solutions for customers in the oil & gas, mineral & mining and environmental sectors may face “difficulty” in achieving these forecasts given the industry slump.

DBS Vickers believes the persistent low global commodity prices can result in a slowdown in order wins.

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