Monday, 23 October 2017

CSE Global 1H17 - Opportunity or Falling knife?

Update on 9 Nov 17

CSE Global Limited (CSE) is a global technologies company listed on the Singapore Stock Exchange,with an international presence spanning the Americas, Asia Pacific, Europe, Middle East and Africa regions. CSE is a leading systems integrator, focusing on the provision and installation of a variety of control systems as well as turnkey telecommunication network and security solutions, targeting the oil & gas, infrastructure and mining industries.

The Group has now more than 1,000 employees worldwide, and operates a network of 39 offices across the globe, generating more than 90 percent of its revenues outside its home market.

Group Operation in the following Industry segment
  1. Mining & Mineral
  2. Infrastructure
  3. Oil & Gas

Revenue and the profit has been in the declining trend, the major drag is from Oil & Gas, current Infrastructure is holding the drop due to Oil & Gas

Revenue

1H17 FY16 FY15
Mining & Mineral 11,100 22,032 13,062
Infrastructure 42,300 58,902 53,936
Oil & Gas 106,600 236,835 344,956


EBIT

1H17 FY16 FY15
Mining & Mineral 300 1,924 1,634
Infrastructure 6,200 8,362 8,245
Oil & Gas 1,900 17,274 30,623

Dividend Paid in the past has been 2.75 cents for the past 3 years (2014 on-ward). CSE Global has re-iterate to keep 2.75 cents for FY17. For 1H17, they have declare 1.25 cents which cost around  $6.5 million and for the remaining 1.5 cents will cost around $7.7 million based on the current no of shares 516,067,852.

1H17 net profit is around $6 million.

Net Asset Value stand at 43.52 cents

Insider has been selling since Feb 17, here for the detail.

Another insider selling 1,867,600 shares on 30th Oct






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