CSE Global (SG:544) has released an update.
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CSE Global reported securing S$186.7 million in new orders for the third quarter of 2024, despite a 10.6% year-on-year decline when excluding major contracts from the previous year. The Electrification segment saw a significant drop in orders, while Communications showed a notable increase when adjusted for a major 2023 contract. The company remains optimistic about future demand driven by urbanization and digitalization.
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