Broker Name: KGI Securities (Singapore) Pte. Ltd.
Date of Report: March 10, 2026
Excerpt from KGI Securities (Singapore) Pte. Ltd. report.
Report Summary:
- CSE Global achieved record order intake in FY25, exceeding S\$1 billion, mainly driven by strong wins in electrification, LNG, and data-centre infrastructure, with the order book standing at around S\$709 million. This provides strong revenue visibility into FY26–27, especially as electrification and data-centre demand accelerate.
- Margins are expected to normalize above 10% from FY26 after one-off charges in FY25 weighed on results. The broker raised its 12-month target price to S\$1.79, citing improved earnings visibility, a better project mix, and strategic partnerships such as with Amazon, which are expected to drive medium-term growth and profitability. Risks include currency and foreign exchange exposure due to CSE’s global operations.
Above is an excerpt from a report by KGI Securities (Singapore) Pte. Ltd. Clients of KGI Securities (Singapore) Pte. Ltd. can be the first to access the full report from the KGI Securities (Singapore) website: https://www.kgieworld.com/sg
