CSE Global Could Gain from Trump's National Energy Emergency Declaration -- Market Talk

Dow Jones

01-22

0653 GMT - Technology solutions provider CSE Global should gain from President Trump's declaration of a national energy emergency, Maybank analyst Jarick Seet writes in a note. The executive order will speed the permissions for oil and gas production. The move should boost U.S. oil- and gas-related activities significantly, benefiting the Singapore-listed company, which has significant exposure to oil and gas projects in the country, he says. Maybank maintains the stock's buy rating and target price of S$0.64. Shares are up 1.1% at S$0.45.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

January 22, 2025 01:53 ET (06:53 GMT)

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