CSE Global Order Wins Poised to Pick Up in 4Q -- Market Talk

Dow Jones

2024/11/05

0439 GMT - CSE Global's order wins look poised to pick up in 4Q, says Maybank Research analyst Jarick Seet in a note. The technology company won S$186.7 million of new orders in 3Q, down 38% on year, Seet says. However the decline was mainly due to a delay in potential order wins worth S$60million-S$80 million that will likely be won in 4Q, he says. Although Seet expects order wins to pick up significantly on quarter, it could still be lower on year because of one-off orders the company secured in 2H 2023. Maybank has a buy rating and target price of S$0.60. Shares are last down 1.2% at S$0.43.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

November 04, 2024 23:39 ET (04:39 GMT)

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The technology company won S$186.7 million of new orders in 3Q, down 38% on year, Seet says. However the decline was mainly due to a delay in potential order wins worth S$60million-S$80 million that will likely be won in 4Q, he says. Although Seet expects order wins to pick up significantly on quarter, it could still be lower on year because of one-off orders the company secured in 2H 2023. Maybank has a buy rating and target price of S$0.60. Shares are last down 1.2% at S$0.43.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 04, 2024 23:39 ET (04:39 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CSE Global Order Wins Poised to Pick Up in 4Q -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCSE Global Order Wins Poised to Pick Up in 4Q -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-11-05 12:39</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0439 GMT - CSE Global's order wins look poised to pick up in 4Q, says Maybank Research analyst Jarick Seet in a note. The technology company won S$186.7 million of new orders in 3Q, down 38% on year, Seet says. However the decline was mainly due to a delay in potential order wins worth S$60million-S$80 million that will likely be won in 4Q, he says. Although Seet expects order wins to pick up significantly on quarter, it could still be lower on year because of one-off orders the company secured in 2H 2023. Maybank has a buy rating and target price of S$0.60. Shares are last down 1.2% at S$0.43.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 04, 2024 23:39 ET (04:39 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6051","symbol_name":"信息科技諮詢與其它服務","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481511064","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481511064","pubTimestamp":1730781540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0439 GMT - CSE Global's order wins look poised to pick up in 4Q, says Maybank Research analyst Jarick Seet in a note. The technology company won S$186.7 million of new orders in 3Q, down 38% on year, Seet says. However the decline was mainly due to a delay in potential order wins worth S$60million-S$80 million that will likely be won in 4Q, he says. Although Seet expects order wins to pick up significantly on quarter, it could still be lower on year because of one-off orders the company secured in 2H 2023. Maybank has a buy rating and target price of S$0.60. Shares are last down 1.2% at S$0.43.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6051":"信息科技咨询与其它服务","BK6508":"软件和IT服务概念","544.SI":"CSE 环球"},"translate_title":"CSE全球订单有望在第四季度回升——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"544.SI":0.9},"content_text":"0439 GMT - CSE Global's order wins look poised to pick up in 4Q, says Maybank Research analyst Jarick Seet in a note. The technology company won S$186.7 million of new orders in 3Q, down 38% on year, Seet says. However the decline was mainly due to a delay in potential order wins worth S$60million-S$80 million that will likely be won in 4Q, he says. Although Seet expects order wins to pick up significantly on quarter, it could still be lower on year because of one-off orders the company secured in 2H 2023. Maybank has a buy rating and target price of S$0.60. Shares are last down 1.2% at S$0.43.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 04, 2024 23:39 ET (04:39 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}