SINGAPORE (Oct 16): NRA Capital says CSE Global has caught its attention as a company that may have bottomed, and could see considerable upside ahead from its current share price.
“CSE offers the merits of stabilizing to recovering earnings, strong balance sheet with net cash, high dividend yield and most importantly, attractive valuation,” NRA says in a commentary on Monday.
CSE sank into the red in the 2Q ended June, reporting a net loss of $13.8 million during the quarter compared to earnings of $5.5 million a year ago.
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