SINGAPORE (July 18): CGS-CIMB Securities is keeping its “add” recommendation on CSE Global with a target price of 50 cents.

In a Tuesday report, analyst Cezzane See estimates that the group’s 2Q18/6M18 revenue will come up to $96.6 million/$188.8 million, compared to 2Q17/6M17 revenue of $85.5 million/$160 million, on the back of firm contract execution by its O&G and infrastructure divisions.

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