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CSE - gd set of 3QFY10 results.
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bsiong
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02-Dec-2010 15:43
Yells: "The Greatest Wealth is Health" |
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02 Dec 2010 Singapore CSE Global Company update - by Yeo Zhi Bin /CIMB (CSE SP / CSES.SI, OUTPERFORM - Maintained, S$1.13 - Tgt. S$1.71, Oil Equipment and Services) |
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crclk15
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20-Nov-2010 19:46
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Hi fellow forumers, Here are the following analyst target prices for CSE Global post its results DBS: Raised its target price from $1.25 to $1.45. CIMB: Raised its target price from $1.55 to $1.71. Standard Chartered: Raised its target price from $1.34 to $1.58. Have a gd weekend. |
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crclk15
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14-Nov-2010 15:55
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CSE posted a good set of 3QFY10 results on 11 Nov, after the close of trade. Revenue rose 7% from $102M in 3QFY09 to $109M in 3QFY10. Net profit rose 19% from $12M in 3QFY09 to $14M in 3QFY10. EPS rose 12% from 2.5SGD cts in 3QFY09 to 2.8SGD cts in 3QFY10. Excluding FX translation effects, 3QFY10 revenue and net profit would have risen by 14% and 26% respectively. Some interesting points 4Q should be stronger with more recognition from more projects; Contract wins should be stronger underpinned by gas projects in UAE, Australia and healthcare projects in the UK Dividend per share for FY10 should be around 4.0-4.5 SGD cts, (in view of the stronger earnings, better earnings visibility, lower gearing), translating to a dividend yield of 3.6% - 4.0%. If CSE distributes 4.0-4.5SGD cts, it will be 14% - 29% higher than the dividend distributed in FY09. Do take a look at my remisier blog ernestlim15.blogspot.com for writeups on specific companies and information on investment and finance. Do drop me a note at crclk@yahoo.com.sg if you will like to know the value add services which i can provide. Have a gd weekend. |
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