Monday, March 26, 2012

CSE Global - Opportunity strikes

Stock Name: CSE Global
Company Name: CSE GLOBAL LTD
Research House: CIMBPrice Call: BUYTarget Price: 0.90



Target S$0.90

CSE's erratic share price has opened up favourable trading opportunities. We deem that the current trading price provides a good entry point to this quality company. We upgrade CSE from Neutral to Outperform on the back of its recent underperformance. We maintain our EPS estimates and target price, still at 7x CY13 P/E, one SD below its 5-year mean.

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