Brokers' take

CSE Global | Buy (maintained) Sept 11 close: S$0.44 Target price: S$0.59 UOB Kay Hian, Sept 11

CSE Global (CSE) remains upbeat about its outlook for the oil and gas business, which is starting to see more small-order wins. As management looks to expand its presence beyond the Permian Basin and Eagle Ford through organic and inorganic initiatives, earnings growth momentum should be sustained with greater order intake velocity and growing order book.

With an eye on winning projects in Malaysia and North America, CSE is working in partnership with Serba Dinamik Holdings to become an approved service provider for Petronas. Meaningful developments within this space are expected…