UOB Kay Hian analyst John Cheong maintained a Buy rating on CSE Global today and set a price target of S$0.85.
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John Cheong has given his Buy rating due to a combination of factors that highlight CSE Global’s promising outlook. The company has demonstrated robust performance with its 1H25 revenue meeting expectations, accounting for 51% of the full-year forecast. This indicates stable earnings, and the anticipation of more substantial order wins in the second half of the year further supports the positive outlook.
Furthermore, CSE Global’s order intake has shown resilience despite facing foreign exchange challenges, with a 3.8% year-on-year increase in 2Q25. The electrification and communications segments have been key drivers of growth, benefiting from strong demand, particularly from the data center market. These factors, combined with a 39% increase in the target price, underpin John Cheong’s Buy rating for CSE Global.