Broker Name: CGS International
Date of Report: February 27, 2026
Excerpt from CGS International report
- Report Summary:
- CSE Global reported a strong FY25 net profit of S\$37.5m (+42% YoY), beating estimates, mainly due to effective cost management and lower taxes.
- Revenue grew 13% YoY to S\$969m, with electrification and communication segments driving the increase; the AWS partnership is expected to anchor multi-year growth.
- Margins are expected to improve in FY26 as front-loaded costs ease, and CSE is targeting further expansion through M&A and broadening its hyperscaler footprint.
- Dividend payout increased, and the company maintains a positive outlook with projected FY26-28 EPS growth of 22% per annum, supported by a robust order book.
- ESG scores remain steady, with improvement targets set for greenhouse gas emissions and governance practices by 2030.
Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website: https://www.cgs-cimb.com/
