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CSE Global started at 'buy' with 59 cents target by RHB

Samantha Chiew
Samantha Chiew10/11/2018 11:15 AM GMT+08  • 2 min read
CSE Global started at 'buy' with 59 cents target by RHB
SINGAPORE (Oct 11): RHB Research is initiating a “buy” recommendation on CSE Global with a target price of 59 cents, as the group is poised to deliver CAGR of 16% over FY17-20.
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SINGAPORE (Oct 11): RHB Research is initiating a “buy” recommendation on CSE Global with a target price of 59 cents, as the group is poised to deliver CAGR of 16% over FY17-20.

CSE provides process control solutions, such as safety shutdown systems and fire & gas detection systems to oil & gas companies, forming 65% of its revenue.

The group operates in the Permian and Eagle Ford shale basins, which together with the Bakken field, account for 81% of total shale oil production in the US.

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