Home Capital Broker's Calls

Supply chain woes keep CSE Global on 'hold' despite large orderbook: UOBKH

Jovi Ho
Jovi Ho6/16/2022 10:55 AM GMT+08  • 3 min read
Supply chain woes keep CSE Global on 'hold' despite large orderbook: UOBKH
CSE Global’s order intake surged by 118.8% y-o-y to $232.3 million in 1QFY2022.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

IT solutions company CSE Global’s strong orderbook is hampered by supply chain constraints, impacting its earnings for 1HFY2022.

In a June 15 note, UOB Kay Hian Research analyst John Cheong is maintaining “hold” on CSE Global with an unchanged target price of 44 cents, which represents a downside of 5.5%.

That said, Cheong thinks CSE Global’s dividend yield is “attractive” at around 6.0%. “We expect the group to maintain its full-year dividend at 2.75 cents/share for 2022, translating to an above-average dividend yield of 6.0% vs the FSSTI’s of around 4.0%.”

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now