【CSE Global 544 交流专区】CSE 环球 CSE GLOBAL LTD

icy97

CSE Global Limited (CSE) is an international technology group listed on the Singapore Stock Exchange. Over the last decade, CSE has transformed itself to be a truly global organisation with over 1800 employees worldwide.

The CSE Group of companies has been very successful in offering cost effective, totally integrated solutions to industries in the Automation, Telecommunications, Healthcare and Environmental sectors.
CSE commenced operations in 1985 as the engineering projects division of Chartered Electronics Industries, the electronics arm of Singapore Technologies (ST). As part of the ST Group’s corporate strategy of encouraging a higher level of management participation and ownership in selective companies, a management buy-out was successfully concluded in January 1997.
In February 1999, CSE became a public listed company and its shares are traded on the main board of the Singapore Exchange and since then CSE has adopted a global approach for sustained growth.
In January 2000, the Group acquired United States based W-Industries and purchased British systems integrator, Servelec (now known as CSE (UK)), in April that same year.
During 2002, CSE purchased an American engineering systems integrator, Control Concepts & Technology Corporation based in Louisiana.
In 2003, the Group acquired Transtel Engineering Pte Limited (now known as CSE Transtel Pte Limited), a telecommunications network design and engineering company based in Singapore. CSE also acquired ttc s.r.o. (now part of CSE Controls), a Slovakian company who specialise in oil and gas pipeline management systems.

In 2004, CSE acquired Uniserve Corporation, an electrical engineering solutions company for the power and water utilities, and mining industries in Australia.

In 2006, the Group acquired Techno TradeSA (now known as CSE Semaphore (Belgium) SA), a Belgium-based company that develops and sells telemetry and telecontrol solutions for various industries, including oil and gas, irrigation, utilities, railways, building automation, and Scomagg Limited (now part of CSE Controls), a Scottish-based company that provides system integration services for customers in the oil, gas and power sectors.

In 2008, the Group acquired W Arthur Fisher (WAF), a New Zealand based company that provides control and electrical engineering services, and Hankin Acquisition Corp, a US based company that designs and installs high temperature thermal process and incineration systems for the industrial and environmental markets.
At the start of 2010, CSE acquired Systems Integration & Automation Limited (SIA), a UK based company which provides safety, protection and control systems to the oil and gas, power and nuclear industries. SIA now forms part of CSE-Controls Limited, based in the UK.

The start of 2011 saw the acquisition of the Astib Group, one of Australia’s leading communications providers. The Astib Group, provides a range of systems Integration services for the development and delivery of sophisticated communications.

Towards the end of 2012, CSE announced that it was continuing its expansion by acquiring a 66% controlling interest in Power Diesel Engineering Pte Limited, a recognised leader in engine servicing focusing on the oil and gas sector.
CSE’s latest acquisition is Tynemarch Holdings Limited (now known as CSE-Tynemarch Holdings Limited) and its subsidiary Tynemarch Systems Engineering Limited (now known as CSE-Tynemarch Systems Limited), a technology-led consultancy to the water and environmental management industries. Tynemarch’s business will provide a base for CSE (UK) to further expand its existing activities within the water and environmental management sectors.
The Group now operates a network of 38 offices across the globe, generating more than 95 percent of its revenues outside its home market. In line with its global ambitions, the Group has adopted the ISO 9001 Quality Management System as certified by Lloyd’s Register Quality Assurance (LRQA) and DNV.

公司官网：http://www.cse-global.com/index.html

Name of Announcer *	CSE GLOBAL LTD
Company Registration No.	198703851D
Announcement submitted on behalf of	CSE GLOBAL LTD
Announcement is submitted with respect to *	CSE GLOBAL LTD
Announcement is submitted by *	Tan San-Ju
Designation *	Company Secretary
Date & Time of Broadcast	13-Aug-2013 18:56:25
Announcement No.	00191

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The details of the announcement start here ...

For the Financial Period Ended *	30-06-2013
Description	Please see attached.

Attachments

CSE_2Q2013_Ann_13Aug2013.pdf CSE_2Q2013_AnalystsPresentation.pdf

icy97

Name of Announcer *	CSE GLOBAL LTD
Company Registration No.	198703851D
Announcement submitted on behalf of	CSE GLOBAL LTD
Announcement is submitted with respect to *	CSE GLOBAL LTD
Announcement is submitted by *	Tan San-Ju
Designation *	Company Secretary
Date & Time of Broadcast	13-Aug-2013 19:03:42
Announcement No.	00197

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Announcement Title *

PROPOSED INITIAL PUBLIC OFFERING OF THE CSE GLOBAL UK BUSINESS

Description

Please see attached.

Attachments

CSE_Fiesta_Ann_13Aug2013.pdf

icy97

CSE Global rated a buy by DBS Vickers
http://www.theedgesingapore.com/the-daily-edge/business/45118-cse-global-rated-a-buy-by-dbs-vickers.html

Publish date: Thu, 15 Aug 21:03  
CSE Global has been rated a buy by DBS Vickers with a 12-month price target of 97 cents.

The stock is on track to achieve its guidance of improved core profit in FY13, says DBS Vickers’ analyst Sachin Mittal in a DBSVO Clarity email blast. The company had secured $127 million of new orders in 2Q13 despite delays in the award of large contracts from LNG projects in Australia and Africa possibly to 2H13.

“In 1H13, CSE has met 44% of our full year order win forecast of $500 million. CSE generated $30 million bumper operating cash flow as it reduced receivables from over 100 days to 94 days, and targets to improve that further. Gearing fell to 6% from 12% in 1Q13 even after paying out $14 million final dividends,” says Mittal in the email.

CSE plans to list its UK business on the London Stock Exchange this year and divest 100% of its stake. To facilitate the listing, Group CEO Alan Stubbs will devote 100% of his time on the listing, while Group CFO Lim Boon Kheng will be appointed as Interim Group Managing Director to oversee CSE’s business. Alan O’Reilly CFO (Designate) will be appointed as Group CFO.

Listing UK business at 12x or 15x PE would lead to 6% or 15% upside potential, respectively, for CSE, says DBS Vickers. The UK business accounts for one-third of CSE’s profits, with most of it coming from the healthcare sector.

“We wish to highlight that listed IT peers in the healthcare sector in the UK are trading at above 20x PE. Our $0.97 TP for CSE is based on 9.6x FY13F PE (its historical average). We will not switch to blended FY13-14F EPS yet as FY14F earnings may be affected by IPO.

icy97

Name of Announcer *	CSE GLOBAL LTD
Company Registration No.	198703851D
Announcement submitted on behalf of	CSE GLOBAL LTD
Announcement is submitted with respect to *	CSE GLOBAL LTD
Announcement is submitted by *	Tan San-Ju
Designation *	Company Secretary
Date & Time of Broadcast	21-Aug-2013 17:30:08
Announcement No.	00053

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Dividend Value	Payment Type	Dividend Type	Financial Year End	Dividend Number	Tax Exemption Clause
SGD 0.015 Per 1 Ordinary share	Tax Exempted (1-tier)	Interim	31/12/2013	NA	One-tier tax-exempt dividend

Record Date *	19/09/2013
Record Time *	17:00
Date Paid/Payable (if applicable)	27/09/2013

Footnotes

NOTICE IS HEREBY GIVEN that the Share Transfer Books and the Register of Members of the Company will be closed on 20 September 2013. Duly completed registrable transfers received by the Companys Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd. at 50 Raffles Place, Singapore Land Tower #32-01, Singapore 048623 up to 5.00 p.m. on 19 September 2013 will be registered for the dividend. In respect of ordinary shares in securities accounts with The Central Depository (Pte) Limited ("CDP"), the dividend will be paid by the Company to CDP which will, in turn, distribute the dividend to holders of the securities accounts.

skyship

为什么人家要给 0.28 的 dividend， 但没有人抢？

Particulars :        SGD 0.28 ONE-TIER TAX
Ex-date :        30 Dec 2013
Buy-In Last Cum Date :        02 Jan 2014
Record Date :        02 Jan 2014
Date Paid/Payable :        13 Jan 2014

icy97

文： 朱皓翔 （译：麦美莹） 2014年03月06日 投资者角落
http://www.sharesinv.com/zh/articles/45226/

CSE环球(CSE Global)
股价– $0.63
目标 – $0.64

公司的FY13核心净利为3,040万元，相等于我们预测的64%。净利偏低是由于要为沙地阿拉伯的一个电讯项目额外拨备810万元，该项目从2013年尾延迟至3Q14。不包含拨备，公司的FY13总毛利将会是28.8%(FY12: 24.9%)。毛利提高是因为来自美国的岸外项目增加。由于在FY13缺乏大型的新建项目，公司获得的订单为3亿6,270万元，令其在2013年尾的持续运作订单为2亿2,720万元。我们预期公司的订单在FY14回弹至4亿5,000万元，主要是来自中国的热能工程项目、美国的岸外工程及非洲一个规模庞大的电讯工程。以8倍FY15远期本益比计算，我们认为公司在过去两年的估值合理。维持持守。
– 联昌国际 (3月3日)