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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.
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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%.”

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