External broker reports(aggregated public sources), KGI Securities Singapore

KGI Securities

External broker reports(aggregated public sources)

KGI Securities Singapore

We are a pioneer Securities & Derivatives, Trading and Clearing Member of Singapore Exchange as well as a pioneer member of ICE Futures Singapore & ICE Clear Singapore. We offer our valued clients round the clock (24 hour) single-touch point for multi-asset clients and 24 hour high-touch desk for global products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Strategic warrants with Amazon. CSE will issue 62,968,580 non-listed warrants to Amazon.com NV Investment Holdings LLC, each exercisable into one new share at S$0.7671, a 7% discount to the S$0.8245 VWAP on signing day.</li><li>Full vesting occurs when qualifying payments cumulate to US$1.5b before expiry on 9 Nov 2030.</li><li>We view this as a structured commercial partnership that can scale with Amazon’s spend in the electrification segment.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Strategic warrants with Amazon. CSE will issue 62,968,580 non-listed warrants to Amazon.com NV Investment Holdings LLC, each exercisable into one new share at S$0.7671, a 7% discount to the S$0.8245 VWAP on signing day.Full vesting occurs when qualifying payments cumulate to US$1.5b before expiry on 9 Nov 2030.We view this as a structured commercial partnership that can scale with Amazon’s spend in the electrification segment.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CSE Global Ltd. (CSE SP/544.SI): Amazon Framework Sharpens Data Centre Growth Optionality

<ul><li>Strong top-line growth in the electrification business.</li><li>CSE Global reported strong topline growth for its electrification business in FY24, rising from S$334.5mn in FY23, to S$434.8mn in FY24, representing a 30.0% YoY growth.</li><li>The company’s automation business saw growth of 14.3% YoY, while its communications business saw a growth of 5.2% YoY. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Strong top-line growth in the electrification business.CSE Global reported strong topline growth for its electrification business in FY24, rising from S$334.5mn in FY23, to S$434.8mn in FY24, representing a 30.0% YoY growth.The company’s automation business saw growth of 14.3% YoY, while its communications business saw a growth of 5.2% YoY. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CSE Global Ltd. (CSE SP/544.SI): Fundamentals Still Strong.

External broker reports(aggregated public sources), UOB Kay Hian

UOB Kay Hian

Backed by the UOB Group, UOB Kay Hian is one of Asia’s largest brokerage firms. Headquartered in Singapore, we are supported by more than 80 branches worldwide including a growing network of offices across Southeast Asia, Greater China, the United Kingdom and North America. Our global footprint and strong international presence have enabled us to feel the pulse of key financial markets and deliver incisive intelligence across industry sectors and asset classes. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>CSE Global's 1Q23 revenue of S$159m (+36% y-o-y) was in line, forming 26% of our full-year estimate.</li><li>The higher revenue was mainly attributable to growth in infrastructure revenue in Australia and the Americas region as well as contributions from recent new acquisitions.</li><li>CSE Global offers an attractive 2023 dividend yield of around 8%. Maintain BUY and target price of S$0.42.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CSE Global's 1Q23 revenue of S$159m (+36% y-o-y) was in line, forming 26% of our full-year estimate.The higher revenue was mainly attributable to growth in infrastructure revenue in Australia and the Americas region as well as contributions from recent new acquisitions.CSE Global offers an attractive 2023 dividend yield of around 8%. Maintain BUY and target price of S$0.42.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CSE Global - 1Q23 Revenue In Line; Attractive Yield Of About 8%

Singapore

CSE Global is an international technology company that provides total integrated industrial automation, information technology, and intelligent transport solutions. It offers electrification, communications, and automation solutions, including process control systems, two-way radio communications, and data center solutions. The company was founded in 1985 and is headquartered in Singapore.

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CSE Global (CSE SP)

CSE Global Ltd. (CSE SP/544.SI): Amazon Framework Sharpens Data Centre Growth Optionality

Strategic warrants with Amazon. CSE will issue 62,968,580 non-listed warrants to Amazon.com NV Investment Holdings LLC, each exercisable into one...

KGI Securities

CSE Global Ltd. (CSE SP/544.SI): Fundamentals Still Strong.

The ongoing AI trend is likely to positively impact demand for data centres and continue contributing to strong demand for the company’s...

KGI Securities

CSE Global - 1Q23 Revenue In Line; Attractive Yield Of About 8%

The higher revenue was mainly attributable to growth in infrastructure revenue in Australia and the Americas region as well as contributions from...

UOB Kay Hian

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