CSE Global Limited's stock fell 3.48% during intraday trading on Friday, as the market reacted to a fresh valuation analysis of the company.
The decline follows the publication of a Discounted Cash Flow (DCF) analysis which estimated the company's intrinsic fair value at S$1.09 per share. With the stock previously trading around S$1.15, the analysis suggested it was trading close to its estimated fair value, potentially leading investors to reassess their positions.
The report highlighted that while the analyst price target of S$1.17 is higher, the DCF model indicates the stock may be fairly valued or slightly overvalued at current levels, contributing to the selling pressure observed in the session.