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CSE kept at 'buy' by UOB, RHB on stronger outlook with 4Q contract wins

Michelle Zhu
Michelle Zhu1/16/2019 11:16 AM GMT+08  • 3 min read
CSE kept at 'buy' by UOB, RHB on stronger outlook with 4Q contract wins
SINGAPORE (Jan 16): UOB Kay Hian and RHB Research are reiterating their “buy” calls on CSE Global after the group announced it secured $84.8 million worth of infrastructure projects in 4Q18.
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SINGAPORE (Jan 16): UOB Kay Hian and RHB Research are reiterating their “buy” calls on CSE Global after the group announced it secured $84.8 million worth of infrastructure projects in 4Q18.

Both research houses have a 59-cent target price on the stock.

In a Wednesday report, UOB analyst Yeo Hai Wei says CSE latest win highlights the merits of its diversified orderbook, and implies that the group may come out “relatively unscathed” from the current oil price weakness, which he views as a short-term situation.

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