0343 GMT - CSE Global's performance could be stronger in 2H, CGS International's Lim Siew Khee says in a research report. At the company's 1Q results briefing, management guided that contract momentum and potential project recognition could be weighted toward 2H, the analyst notes. The technology company's data center-related order momentum remains robust as indicated by its recent US$15 million order from a major data center hyperscaler, the analyst adds. However, the brokerage lowers its 2025-2027 core EPS forecasts for CSE Global by 2%-3% to reflect slower pace of order wins. It also trims the stock's target price to S$0.68 from S$0.70 with an unchanged add rating. Shares are 1.1% lower at S$0.445. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 18, 2025 23:43 ET (03:43 GMT)
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