CSE Global - CSE Global rated 'buy' by DBS

Stock Name: CSE Global
Company Name: CSE GLOBAL LTD
Research House: DBS Vickers

DBS Vickers Securities in a Dec 28 research report says: "CSE has agreed to acquire Australian based ASTIB Group Pty Ltd ('ASTIB') for an initial consideration of $46.7 million (comprising cash of A$30 million and 5 million ordinary shares of CSE), valued at 7.35x FY10 June PE and 3.81x P/B.

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